โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
In todayโs My Trading Game Plan, Chief Market Strategist Gareth Soloway breaks down the current stock market rally, cuts through the mainstream media noise, and relies strictly on the charts to reveal where the markets are truly heading.
While investors are rushing to buy into the recent market surgeโfueled by hopes of a U.S./Iran resolution and the reopening of the Strait of Hormuzโthe technicals tell a very different story. Gareth explains why this is not a repeat of the massive April 2025 rally, highlighting major parallel resistance levels and an approaching gap fill on the S&P 500 that signal limited upside.
๐ Key Topics Covered in Today’s Episode: The Macro Market View: An analysis of the S&P 500’s 9% bounce off the lows and the key resistance levels investors must watch today.
Semiconductor Overextension: A deep dive into the massive rally in semis. Gareth breaks down Intel (INTC) as it approaches a major $67 resistance level after nine straight green days. He also issues a warning on SanDisk’s extreme overbought conditions near $1,000, and discusses why upcoming earnings from ASML and Taiwan Semi (TSM) might already be priced in, opening the door to downside risk.
Short Squeeze Exhaustion: A look at the gamma and short squeeze in Avis Budget (CAR). Gareth breaks down his short position and his thesis for a potential pullback to the $200 level.
Bank Earnings Reactions: Technical analysis and forecasts for JPMorgan Chase (JPM) and Citigroup (C) following this morning’s earnings reports and commentary from Jamie Dimon.
Software Sector Wins: A review of Gareth’s recent buy alerts on software names, including Oracle (ORCL), Adobe (ADBE), Salesforce (CRM), and CrowdStrike (CRWD), and how much gas is left in their tanks.
Commodities Update: Near-term bullishness vs. macro bearishness in Gold and Silver, plus a look at how inching prices in Crude Oil and Natural Gas are impacting the broader equities market.
Bitcoin’s Path to $85k: Why Gareth remains an ardent bull on BTC since the $60k lows, and why breaking the critical $76,000 level is the key to unlocking the $80kโ$85k targets.
About Gareth Soloway & Verified Investing Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, levels the playing field for retail traders. By providing the exact same high-level technical analysis and insights that hedge funds pay millions for, Gareth gives retail investors a fighting chance to beat the institutions. Forget the BS of social media and the narratives of mainstream newsโhere, itโs all about the charts and pure probability.
โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
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