What John Howell said in this video:
- GLDbearishlong-termGold's two-year bull has exhausted its energy; he expects a 1–2 year correction phase with a typical 50% retracement, putting GLD around 300, though he remains long-term bullish toward 10,000+ on gold.Source
- XLEbullishlong-termXLE mirrored gold's pre-bull pattern: three years of sideways energy-building followed by this year's breakout, making energy the new leading bull market.Source
- USObullishlong-termOil built energy through four years of sideways action and has now broken out, starting a major move to the upside.Source
- CVXbullishmid-termHe flagged CVX at 153 last year; after rallying to 223 it pulled back into an L-shape base and he expects it to go again.Source
- SPYbearishmid-termThe S&P 500's energy-using phase has run long and is running out of steam; the recent breakout is failing, so he expects a correction.Source