🎓 SUMMER SALE: 40% off all trading courses through July 12 —
https://verifiedinvesting.com/collections/courses
🔗 Trade alongside the Verified Pro Traders in the Apex Live Day Trading Room:
https://verifiedinvesting.com/products/apex-live-day-trading-room
🔒 SAFETY NOTICE: Gareth Soloway and the Verified Investing team will NEVER reach out to you on Telegram, WhatsApp, Discord, or YouTube comments asking for money or offering trades. Any account claiming otherwise is an impersonator — report and block it.
No B.S. Just Charts.
The markets are shaking off last week's brutal semiconductor swoon - but Chief Market Strategist Gareth Soloway sees epic storm clouds forming beneath the surface. Broadcasting from vacation, Gareth breaks down the S&P's line-in-the-sand trendline, the dollar-yen level that could trigger a carry-trade deleveraging event, and why he thinks the next hot corner of the AI trade is one almost nobody is talking about yet: AI in pharmaceuticals and biotech. Plus the make-or-break levels on gold, silver, and a pulling-back Bitcoin.
🎁 SPONSOR — RUMBLE WALLET
Take Control of Your Money Easily with Rumble Wallet. Download now at
http://wallet.rumble.com/Verified.
📊 COVERED IN THIS EPISODE:
🔵 S&P 500 - Battling the multi-year trendline (2021 high through 2025) that flipped to support; the line in the sand is 7,300. A confirmed break below opens a big move down to the pre-March-low support
🔴 Nasdaq 100 - Weaker than the S&P thanks to heavier semiconductor weighting; money is rotating out of chips into diversified names
🔴 US Dollar/Yen (USD/JPY) - Gareth's top macro concern: still hammering a major level with ongoing intervention chatter; a sharp break higher risks a carry-trade deleveraging event across the global markets
🔵 10-Year Yield - Line in the sand at ~4.7% (above it opens 5%); support at ~4.35%. A 10-year and 30-year auction land this week
🟢 Biotech/Pharma (IBB, Pfizer) - Gareth's off-the-radar call: AI applied to drug discovery is the next front. He won't chase the IBB breakout but likes a pullback toward $175-$178; beaten-down Pfizer (near a ~7% dividend) is the kind of name where the narrative could switch over 6-12 months
🔴 Micron (MU) - A bounce, but Gareth sees it as a shortable move into trendline resistance near $1,100; the SK Hynix $29B ADR sale (~July 10) and Apple's petition to buy Chinese memory are added supply headwinds
🔴 Semiconductors (SMH) - Last week's weekly engulfing reversal candle (the most powerful single-candle reversal signal) is still in play; Gareth's watching for a bear flag and the next flush lower
🔴 Delta (DAL) - Bearish into Friday earnings after a run from $55 to ~$100; a rejection trendline plus an un-negated topping tail, and vulnerable if oil bounces
🔵 Oracle (ORCL) - Nine straight down days; a fill of the ~$137.50 gap could set up a bounce
🔴 JP Morgan (JPM) - A major topping tail about a week ago (a bearish reversal signal); bearish into next week's bank-earnings kickoff unless the pattern fails
🔵 Gold - A good bounce off support, but coiling in a downsloping wedge that must break by August; Gareth's bullish mid-to-long term but skeptical the lows are in near-term (a final flush to $3,500-$3,600 vs. a breakout above $4,250)
🔴 Silver - Broke major support that's now resistance and getting rejected; an inside bar keeps the near-term angle bearish
🔵 Natural Gas - A textbook cup-and-handle forming; not triggered yet - a breakout above $3.35 targets above $4.00
🔴 Bitcoin (BTC) - Pulling back sharply after a strong holiday-weekend run, grounding itself back to last Thursday's close as the stock market reopens
🔑 KEY TAKEAWAY: The semi bounce is masking real storm clouds - the S&P's line in the sand at 7,300, a dollar-yen setup that threatens the carry trade, and un-negated reversal signals across Micron, JPM, and Delta. Gareth stays skeptical near-term, eyes gold and silver's key levels, and flags AI-in-pharma (IBB, Pfizer) as the next rotation to watch over the next 6-12 months.
✅ SUBSCRIBE for daily analysis from Gareth Soloway and the Verified Investing team
🔔 Ring the bell so you never miss a Game Plan
👍 LIKE if this helped sharpen your plan for the day
💬 Comment: does the S&P hold 7,300, or do the storm clouds win?
👤 FOLLOW
@garethsolowayprotrader
⚠️ IMPORTANT DISCLAIMER
The information presented in this video is for educational and informational purposes only and should NOT be considered financial, investment, tax, or legal advice. Gareth Soloway and Verified Investing are not registered investment advisors. All trading and investing involves substantial risk of loss, and you should consult with a qualified financial professional before making any investment decisions. Past performance is not indicative of future results.
#MyTradingGamePlan #VerifiedInvesting #GarethSoloway #StockMarket #TechnicalAnalysis 
Comments (0)