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

Milton Berg, one of Wall Street's legendary market technicians, returns to Monetary Matters to explain why he believes the recent crash across the S&P 500, Nasdaq 100, KOSPI, and semiconductor stocks has already bottomed — and why he's still positioned long despite major caveats.

The positive divergence call: Milton breaks down why the S&P 500's July 29th low held above its June 9th low even as the Nasdaq 100 and Philadelphia Semiconductor Index (SOX) made new lows — a classic technical signal he says points to higher prices ahead.

The 1987 crash comparison: Using historical crash-low data, Milton shows how markets rarely V-bottom and go straight up — and lays out why the current setup looks more like 1987 (a retest of the lows) than the COVID V-shaped recovery.

The "exhaustive gap" warning: Despite his bullish lean, Milton flags a specific gap pattern in the Nasdaq 100 and KOSPI that has historically signaled short-term tops — and explains what would need to happen for it to resolve bullishly instead.

Inside his trading model: Milton walks through his systematic buy-signal model, including a real trade history that turned $10,000 into over $1.15 billion, and unpacks how his signals performed (and failed) around 2008 and other historic drawdowns.

His current portfolio positioning: Milton details his exact allocations — long the KOSPI/EWY, Russell 2000, S&P Midcaps, Nasdaq 100, SOXX, and S&P 500 — and explains why he flipped from short to long on July 29th and 30th.

Gold, silver, and bond yields: Beyond equities, Milton shares his latest technical read on precious metals and where he sees long-term bond yields heading.

Why retail investor behavior matters right now: Milton highlights a retail selling data point — the highest since 2022 — and explains why heavy retail capitulation is historically a bullish signal for stocks.

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