My Trading Game Plan | July 13, 2026

Gareth Soloway and I was a losing trader
until I mastered technical analysis.
Logic and charts beat hype and
narratives every time. Now I teach
investors the same techniques that made
me a multi-millionaire. This is my
trading game plan.
Good morning everybody. Hope everyone's
doing wonderfully well as we get started
on this Monday morning. Of course, I'm
Gareth Soloway, chief market strategist
here at verifiedinvesting.com.
Coming to you from the west coast of the
United States, second leg of my vacation
up here in Oregon and it is beautiful
out. All right, so number one huge week
to start out. Number one in we saw
additional escalation in the Middle East
which is sending oil higher, not
significantly, but nonetheless oil is
trading up. That's causing a little bit
of angst in the market as we're seeing
the US dollar inch a little bit higher
and the 10-year yield continues to hold
near the recent highs around 4.6%.
Remember, higher interest rates are
higher borrowing costs for smaller
companies and midsize companies like the
AI plays that are looking to raise cash.
So, that is an issue in the near term.
Now, this week we're going to be looking
at key factors like earnings, major
earnings releases from Taiwan
Semiconductor ASML, both chip stocks
later this week. Netflix will report on
Thursday after the close as well as bank
stocks this week. So, we're getting into
the thick of earnings starting this
week. We also have major economic news.
All right, the key here is this. We have
economic news and again that is CPI
tomorrow, PPI on Wednesday before the
open and then Thursday we have retail
sales. Now retail sales are important
because it gauges the consumer. How is
the consumer doing overall? How are they
ultimately feeling? So that's a rundown
of this week. The big news coming into
the open, you'd think it was oil. It is
not. SK Heinix is collapsing overnight
in South Korea. We saw a 15% decline. If
you looked at the price action on Friday
on SKH Highix, it was not strong on its
debut. Yes, it was up 13% or so for the
day from the price that essentially
insiders got it at, but it closed near
the lows of the day. Today here in the
US, it's down over 10%. So that is
sending the semiconductor trade sharply
lower. Micron Sandis getting crushed
this morning. And again, this is
something I've been warning about. The
appetite for absorption of new shares is
quickly vanishing in the US markets as
investors are really exhausted, frankly,
from all of this. Let's go into the
charts here. Here is the ES futures
chart on the 10-minute. So, you can see
we opened lower yesterday at 6:00 p.m.
on Sunday Eastern time. We kind of
chopped around. Then in the overnight,
we saw a steep fall as the SKH highix
trade in uh South Korea collapsed. This
morning, things are trying to get a
little by the dip, but the S&P remains
sharply lower or at least decently
lower. Now, remember on the S&P daily
chart, we continue to follow two key
factors. The first factor, the first
major level is the support structure.
The support structure was this trend
line here, which is actually a parallel
trend line to one that connects these
lows. We broke out above it here. We've
come back into retrace to it once, twice
right there, and now we've pushed back
up. If we come down again, the odds
favor a tiny bounce and a break to the
downside. That's how structure on a
trend line works. the more you hit it,
basically once you get to the third or
fourth hit, the odds begin to increase
of a break to the downside. Now, we
haven't done that yet. It's just
something we want to follow, especially
as we get into earning season and the
economic data this week, inclusive of
the CPI and PPI inflation data. Now, on
the upside, what I'm really looking at
here, folks, is the highest pivot from
February of 2025 connected through this
high pivot right here. And that
essentially gives us our upside
resistance on the S&P 500. Right? So,
again, you have your upside resistance
right around that 7725
level. Downside support is at 7320
or so. Notice we're trading in the
mid-range. So on the S&P 500, we're not
into resistance. We're not into support.
We're waiting to see which direction
this market goes. Today, we're set to
open slightly lower on the S&P. Now,
remember, you might say, well, how come
SKHX is dropping so much, right? And
Micron is dropping and SanDisk is
dropping, but it's not having a bigger
impact on the S&P. And the answer is
very simple. The S&P is 500 stocks. It's
much more diversified as an index versus
the NASDAQ 100. If you look at the
NASDAQ 100 futures, and we can do that
right now. Bring up the NASDAQ futures
chart. Take a look at this guys. This is
down much more. This is down 1%
pre-market. It's off of its lows as
well. If we look right here, you can see
again a much bigger draw down in the
overnight and it's still down more
significantly. So the S&P 500's only
down about 4/10en of a percent. The
NASDAQ 100 is down 1% because names like
again SKHix here if we take a look this
is the South Korea movement uh last
night 15% draw down there massive
collapse now by the way there is some
support levels here on this chart right
here at 1750 there'll be a gap fill and
just below that 1680. So, it is getting
close to some technical support. This
would be the one where I would consider
buying it. Right? These first two would
be day tradable for me. All right. This
one would be more of a swing trade.
Notice we had this grind up and then all
of a sudden it gapped. It gapped. Boom.
Boom. Boom. It has these massive moves
to the upside. This would be a much
bigger resumption trade back to the
downside. All right. So, we'll keep an
eye on that and monitor. Now listen,
things are not rosy out there for IPOs
or recent IPOs. So when we look at the
next chart, there's something major here
and that chart is SpaceX. Now, I feel
bad for people that chase this. I warned
people not to chase SpaceX when it
debuted. Not only did it close Friday at
145, lower than where it opened. So if
you bought it in the first three days,
all the hype out there, the analysts
talking it up and you know the
mainstream media pumping it just to get
the retail essentially is exit
liquidity, you're in trouble. You're
basically down. In fact, there's no one
that bought it based on today's where
it's trading going in into the open
that's not down on this if they didn't
get it at the preipo price of $135
a share. Now, what's interesting here is
we're trading at 143 in the pre-market.
135 is going to be a very, very
important level. That's a level that
likely we should see institutional money
defend. I would actually consider buying
this for a swing trade at 135, but I
would not stay in it past earnings. The
reason why is that once they report
earnings, a massive unlock of shares are
going to be unlocked from insiders and
they can start dumping. And we're
talking about hundreds of millions of
shares here. I mean, this is a massive
unlock. So once that happens, you have
people that basically have been at the
company for 10 or 15 or 20 years. Their
cost basis is probably a dollar. So what
do they care if they're selling it at
135 or 140 or 145, right? They're making
so much money that they don't care that
the stock is off of its all-time highs
here. They will unload some of that
stock. So again, this would be just a
quick trade off the 135 support if it
hits, let's say, this week. But I would
make sure personally if I get in it to
be out by the time earnings are
reported. All right, couple other charts
here to watch this week. Netflix reports
earnings. This is a major level. If it
were to flush on earnings even in the
after hours, I would consider a buy down
around $68.70.
There's a gap fill. See the gap right in
here. That would be a gap fill. In
addition, I did put up here you have
Thursday post market consensus is 79
cents a share. Revenue is 12.57 billion.
That's expected. The whisper number is
for a beat of 5 cents. But remember,
just because the whisper number's higher
doesn't mean the stock's going to go up
if they hit 84 cents per share. It's all
about what their guidance is. Will they
raise guidance? Are they going to lower
guidance? Is guidance going to be weak?
That will be the determining factor of
where it goes. What I do know is if it
flushes, let's say it's a little weak
and it flushes down to that $68 and
change level, that should be a technical
support level. And by the way, it could
go up on earnings. For all I know, what
I do is I'm a preparer, right? I call it
a prepper, a stock prepper, a trading
prepper. And essentially what I'm doing
is I look at things ahead of time so
that when the action, like once they
report earnings and the stock moves, you
don't have time to go and say, "Okay,
well, they said this. Oh crap, I missed
the level." Right? You don't have that
type of time. You need to prep
beforehand. I mean, heck, last night I
did a video on my YouTube talking about
how uh these are the levels, these are
the things I'm watching this week
because I'm doing that prep work and I'm
sharing it with you guys out there that
watch those videos that I put out on my
YouTube, right? So, it's it's all about
being prepared as an investor because
when you're not prepared, it's like you
get punched in the face and you're like,
"Oh my goodness, I don't know how to
react." And you act irrationally. You
act based on emotion. And when we do
that, at least I found it with myself,
when I do that, I tend to make mistakes.
Listen, I make mistakes all the time
anyways, but I make a lot more mistakes
when I'm not prepared. Okay, so that's
what we have there, folks, on the
charts. I did want to show you guys one
quick thing here on the data. So, we do
have a um earnings I have an earnings
calendar I want to share with you
because I do want to go over all the
earnings for the week. I think this is
very, very important. This can be found,
by the way, on our website here. So
again, on verified investing, we always
have our earnings calendar up by Sunday
evening going into Monday. So nothing
today of note. Doesn't mean no companies
are reporting, but we don't add things
that are like, you know, I'm not going
to add a company that's too, you know,
100 million market cap, right? These are
major names. Tuesday pre-market right
here. Cityroup, Goldman, JP Morgan, Bank
of America, Wells Fargo, and Fastinel is
just a fun one to trade. It's not a
massive company, but it usually has some
good movers. Here's where it gets very
interesting, right? Wednesday pre-market
ASML. Now, these other ones,
Progressive, we all heard of Progressive
Insurance, Black Rockck, Kagra is a good
one. It's one of my favorites on a
dividend basis. Morgan Stanley, J&J, but
this one here, ASML, that is the biggest
chip company out of Europe. that will be
a significant player on whether or not
the chip stocks do well on Wednesday's
trading. After the close, United
Airlines, JB Hunt, JB Hunt is a
transportation stock, right? A shipper.
So, that is going to be important,
trucking. Um, but again, United Airlines
as well. And then we have United Health
here on Thursday pre-market. But this is
the big one. Taiwan semi-reporting on
Thursday morning. Again, that will shape
the day on Thursday in terms of the
semiconductor trade. And then GE
Aerospace right here. That's going to be
important on Thursday after the close.
Netflix, Alcoa, and an Intuitive
Surgical will report as well. And then
Netflix is going to be the big one there
to see how that company does. So again
folks, always important as we get into
earnings season to know what is coming
out for the same reason I just mentioned
is once the news comes out and the
earnings come out and it's moving after
hours, it's kind of too late, right? The
price is already making a move. If you
have a level, you can miss that level um
as a swing trader. Very, very important
there. All right, back to the charts we
go here, guys. Let's take a look. We'll
get back to here's the chart that I just
showed you on Netflix, but I did want to
show you Costco's chart. Costco has been
a longstanding very impressive mover.
The PE ratio never made sense to me on
Costco because it was always given such
a massive premium. Notice the longerterm
trend line going back to 2023 here. And
then look at recently. We just broke
down late last week. We have not
confirmed the breakdown yet, but keep an
eye on this guys because again it looks
like a longer term breakdown could be in
store on Costco. All right, so again
keep that on it's on your radar. Now one
thing to just note and again I just
wanted to go over this because I always
love to talk about them and what I use
personally but Rumble and the Rumble
wallet is their our sponsor here at
Verified Investing and I use it to swing
trade myself. I got the app on my phone
as I've said many times over and
essentially it's a one two click. Okay,
I got into Bitcoin for a swing trade.
Okay, I got into ETH or I sold ETH. Uh
or I bought gold, right? You can buy and
sell gold through Tether, which Tether
physically buys the gold as well, which
is really important because I don't like
assets that buy gold, but then they just
buy paper and it's not backed by
anything. And so, listen, the Rumble
wallet, check it out. The QR code's
right there. The link will be in the
description. But again, for an easy way,
and I love that Rumble's a big company.
It's not like a tiny little thing you
never heard of. It's publicly traded.
It's scrutinized by the regulators. That
makes me feel better about using the
Rumble wallet. All right, onto the
charts we go. Let's take a look at where
other things are. Gold here in the
pre-market is down again. You can see
again, nice little drop. Part of that is
because the US dollar is going higher on
the back of oil. So again, if we flip
over to oil, oil is up and the unease in
the Middle East is then again the
dollar's actually come back in here
since I last looked. So the dollar isn't
doing much, but gold remains weaker here
in the pre or in the early trading of
the day. Now again, we're watching this
on gold, right? We have this wedge
pattern. It continues to stay within the
wedge pattern. We know that when wedges
break one way or the other, know if we
break to the upside, we should get a big
move, right? It's like an explosive
breakout. It's a pressure cooker. If we
break here to the downside, we should
get down to the uh 35 to 3600 level on
gold. I'm still waiting. I listen, I
have longerterm holdings on gold, but if
I'm going to add to those longer term
holdings, I need it down here right
around this zone around 3500
before I step in and buy additionally.
And again, part of that is I have that
ability to kind of sit back because I
have longerterm holdings already. But
again, for me on a technical basis, that
is the level this weekend, folks. And
I'm I'm excited to debut this. I'm
hoping to debut this this week. I
created a cycle calculator for gold
where literally you can change the
input. So I'll give it to you all of you
guys on verifiedinvesting.com
and you can essentially adjust it. You
can say okay real rates are I I think
real rates are going to be here. All
right, I think that this is going to
happen here and you can adjust it and it
will give you the based on my formula
where gold will be and where the next
peak will be in what year um and at what
price. It's very very cool. Uh very
complex in terms of this calculator and
the inputs, but nonetheless um very very
cool. I'm excited to debut that later
this week for all of you. All right,
silver continues to stay weak. Again, I
think this looks like a bare flag. It
did a retrace to the scene of the crime.
I'm still looking at 54 as next support
right down here. Notice pivot high,
pivot high. And then we have this little
low here at 50. And then potentially my
max downside. And by the way, just
because it's my max downside doesn't
mean it's going to stop there. That's
just kind of where my model shows that
the most likely zone will be would be 46
is kind of my low end. Maybe 45 right
there. But either way, you could see
this is broken. It tried to get back
above and failed and it's staying very
weak near these lows. One flush and it
goes to that $54 level. Uh we mentioned
crude oil before, guys. Again, I'll just
go back to crude oil real quick. Uh
crude oil here again up on continued
unease and escalation in the Middle
East. Um again, the markets aren't
really factoring in what we've seen in
the past like this type of price action.
But again, I don't expect that to
actually happen again. Um there's just
too much supply out there. The US
produces too much. And with the
midterms, the markets are just saying,
"Hey, it's not going to escalate to that
level. Maybe it's not going to be, you
know, kumbaya between the US and Iran,
but it just won't escalate to that crazy
level. So, I still think upside right
now is 79 as an upside target. Natural
gas, guys, look at this drop on that gas
again. We had the cup and handle
pattern. The cup and handle is
borderline getting negated. I do have a
longer trend line though that I'm very
interested in right here. So, keep an
eye on that one. It is coming right into
the low end of the parallel. And this
zone I actually um picked up a little
bit late last week and I may add a
little bit more here now that we're
finally getting this discount on natural
gas down to these levels especially with
the late summer months coming into uh
seasonality on natural gas. So lots
going on CPI data tomorrow PPI I'll go
in depth with them in terms of the data
tomorrow in the game plan. Again SKH
heinix is crushing the semiconductors
today. I warned about that that that
could happen when they when you dump 28
billion additional shares on the or
dollars and shares on the market. That's
going to have an impact. It diversif it
gives more diversification options for
people that love Micron. Now they can
diversify into that as well. And just
frankly, these things are overbought. To
me, and I've said this before, we will
see these stocks down 75% from their
peaks probably within 12 months. So
again, that's just the nature of
history. History repeats or at least
rhymes. And that is what we have seen
every single bubble in any in anything.
I remember marijuana stocks bubble. I
remember the solar stocks bubble. I
remember the 3D printers bubble, the
internet bubble. And again, you could
say, well, this time's different. Sure.
I mean, it I I don't think it's really
different than the internet. The
internet tra changed our lives
dramatically and I think AI will as
well. And those stocks still came in 75
85%. So, well, we'll see. And that's the
beauty of it is it's just one man's
opinion right here. Chief Market
Strategist, Gareth Soloway. Doesn't mean
I'm right. I certainly am not always.
But as always, folks, I am here for you
to give you my honest assessment as we
always talk about. You know, it's all
about the charts, all about the data.
Just no BS. This is what it's saying.
You guys have a great rest of your day.
Thanks for tuning in and I'll see you
soon.