Milton Berg: I Have Evidence Market Has Likely Bottomed | Why Milton’s Long Semis, Korea, Nasdaq, and More (With Caveats), and Why He Thinks Gold has made a Multi-year Top – Monetary Matters with Jack Farley

Milton Berg: I Have Evidence Market Has Likely Bottomed | Why Milton’s Long Semis, Korea, Nasdaq, and More (With Caveats), and Why He Thinks Gold has made a Multi-year Top – Monetary Matters with Jack Farley — Transcript

Market views

Bullish

SPY— Milton is positioned 100% long across multiple indices including S&P 500 (SPY) after identifying a July 29 panic low. He received over 30 buy signals in late March/early April with median projections for S&P 500 between 8,000-10,000 within a year. The S&P showed positive divergence at the July low (didn't make new lows while NASDAQ did), and multiple historical indicators suggest further upside of 6-15% from current levels.
QQQ— Milton is 20% long NASDAQ 100 after the July 29 panic low. Despite negative divergences versus S&P, the NASDAQ showed extreme momentum off March lows with the greatest 10-day rate of change in 5 years, suggesting further upside potential.
SOXX— Milton is 20% long the Philadelphia Semiconductor Index (SOX) after it crashed 28.73% into the July 29 low. The index rallied over 100% from March lows to June peak, and despite the sharp correction, historical crash patterns suggest a multi-month rally is likely, though a retest of lows is possible.
EWY— Milton is 5% long the KOSPI (Korean stock market via EWY) after it crashed 43.93% in 27 days into the July 29 low. He views this as a panic liquidation event that should lead to a multi-month rally, though a retest of lows is probable before the sustained move higher.
IWM— Milton is approximately 10% long Russell 2000 after identifying strong momentum signals. The Russell 2000 had its greatest 10-day rate of change in 5 years (1260 days) off the March lows, and was up 8 of 9 days after the low, projecting minimum gains of 13% and median gains of 18%.

Bearish

GLD— Milton believes gold made a major multi-year top in January 2025 and is now in a long-term bear market. He sold his personal gold holdings on January 29 at the top. Gold was at extreme valuations relative to crude oil, housing, CPI, and other commodities, similar to the 1980 peak that led to a 20-year bear market.
SLV— Milton believes silver is in a long-term bear market alongside gold. He was initially long silver based on an upside gap but was wrong as it proved exhaustive. Silver is trading like a weak commodity and recently exited positions before a rally, expecting potential peaks this week.

Not investment advice.

Mentioned

Market views