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My Trading Game Plan | September 21, 2026
Channel: Verified Investing YouTube
Watch on YouTube · 2026-09-19
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AI Summary
**Summary:**
- **Stock Tickers & Price Levels:**
- S&P Futures: Support - Neutral zone around 7650, Resistance - Descending trendline around 7700, Target - 8000
- Crude Oil: Current price - 97.21, Target - 90 or 85 (if it drops $2 a day)
- **Key Trading Strategy:**
- Gareth Soloway is bullish on the S&P due to technicals and data pointing to further upside.
- He is short crude oil, expecting it to drop further.
- **Indicators Used:**
- Not explicitly stated, but likely using chart patterns (bull flag), support/resistance levels, and trend lines.
- **Entry/Exit Rules & Suggested Trades:**
- **S&P Futures:** Enter long if S&P breaks above the descending trendline (around 7700). Stop-loss not explicitly stated but could be around the recent lows.
- **Crude Oil:** Maintain short position. No explicit exit rule, but could close position if oil price reaches target around 90 or 85.
- **Timeframes Mentioned:**
- Daily charts and futures for S&P
- Not specified for crude oil
- **Risk Management Tips:**
- Not explicitly stated, but implied risk management includes using stop-losses (though not explicitly mentioned) and being aware of market sentiment (e.g., contrarian approach to oil trading).
- Gareth also mentions using social media as a contrarian indicator.
Summary ready
Transcript
My name is Gareth Soloway and I was a losing trader until I mastered technical analysis. Logic and charts [music] beat hypes 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. Welcome to this Monday morning edition of my trading game plan. My name is Gareth Soloway, chief market strategist here at verifiedinvesting.com. All right, so here we are, new week and the markets continue to look bullish to me. You guys know I've stuck on that bullish side based on the technicals and the data pointing to further upside. The S&P futures are in rally mode today. We're seeing a solid gain. This on the back of a drop in oil over the weekend. CENTCOM came out and said, "Hey, we're getting more oil through the Strait of Hormuz right now than we did even 6 months ago." So oil is starting to flow again even with the Houthis attacking Saudi Arabia more. There's still optimism that again, the reclamation I should say of the Strait of Hormuz is slowly taking place. This means the US military's clearing mines, escorting ships, and we're starting to see a little bit of that oil flow. Now whether or not that continues, we don't know, but ultimately a lot of optimism over maybe a deal is going to start to be discussed again. In addition, you have President Xi meeting with Trump. Maybe China can put some pressure on Iran. All of these factors shaping up for a drop in crude oil. Now remember last week I told you I was short crude oil. I am still short crude oil and we're in the money beautifully at verifiedinvesting.com. All right, let's jump into the charts and take a look. This is the S&P futures. This was Friday's action. You could see again early in the day on Friday we had some downside, then we floated back up into the close. Starting last night when the futures opened, we just continued to go higher as oil slowly fell. Now, remember, with oil coming down, yields are pulling back as well. So, it's a double positive when oil comes down, that's a positive, and yields pulling back with oil is a secondary positive for the US stock market. All right, so going to the charts, I want to start out with the S&P daily chart. Let's flip over to that. You can see very clearly here, here's our neutral zone right down here. So, again, we got below the line for one afternoon when the Federal Reserve last week came out and kind of shocked the markets with how hawkish they were. The markets in the afternoon sold off sharply, closing below the bullish line into neutral territory. Now, again, if you were paying attention, we talked about how you can't let the emotional reaction of the market really dictate just yet. I said, "Let's see where things go the next day." Because in my opinion, and I said this going into the Fed, I want them to be hawkish. If they're hawkish, it means you have an adult in the room that's actually taking inflation seriously, which means a better financial future potentially for the United States. And it actually should bring long-end rates down. And that was the thesis that I went with. Now, that initial reaction went against that thesis, but then we came the the next day. And the next day, what happened? The markets ripped up on Thursday, rallied on Friday, and we're set to open up nicely today. Now, today right now, if we flip back to the S&P futures, we're currently up .65% or look at this up here, 50 and 1/2 points on the S&P. All right, 50 and 1/2, remember that. If we go to the S&P daily chart, you have a descending trendline right here. And if you draw that down, and I'm going to change the color on this so it really pops out. Let's put it in green here. Now, let's even do it a little bit We'll do it in blue. If we can get above this trend line, this is a breakout on the S&P of this bull flag. Now, remember what I mean by that. What we look at is here's your flag pole. This is all inside bar bullish consolidation. Notice it held the line here. It's consolidating in the upper 50% of the move. Tech- Technical data shows us that that pattern is bullish. So, what we're looking for is we closed at 7650 on Friday. 7650 on Friday. Remember that. Remember how many points we're up on the S&P. We're up 50 points right now. If you add that 50 points in, where does that take us towards the breakout line? It takes us within five points of the breakout line. In other words, we're likely to test this today. Can the markets break out? If we do break out, and we're going to be opening right here on the S&P, then if we break out, you're looking at a move up potentially all the way up towards 8,000 on the S&P. Now, you could say, "Well, why? What's the trigger? What's the the the news that drives this market?" And I would say, "No news or just oil slowly pulling back with yields." I mean, look at today. There's really no news out there. President Xi is meeting with Trump this week, so that's I mean, we don't know if that's a positive or negative, but you have oil down a little bit, and you have yields down a little bit, and the S&P's gaining 50 points. Right there. Just 50 just like that. And so, you get oil to come down, currently trading at 97-ish dollars a barrel. If we just slowly drop $2 a day back to 90 or 85, to me, that's a big enough catalyst with yields pulling back with oil that this market could head towards 8,000 on the S&P. Now, does that change my long-term horrendous outlook for the markets, you know, a couple years down the line that eventually we're going to see a bigger collapse due to all the irresponsibility of spending and monetary policy and everything like that? No, that's still intact, but it doesn't mean short-term we can't see a little bit of upside. So, watch this today, guys. Can we break out above this just above 7 7,700 level on the S&P, which would be the bull flag breakout? If we do, we could be looking again at 7,900 to 8,000 on the S&P 500. All right, we talked about oil. Let's take a look at oil. Oil is now at 7 97.21. Beautiful drop. It's funny, I did on my own channel this weekend a a video talking about how oil was likely to go down and the comments were like, "No, oil's not going down. Da da da da da." And I'm I saw those comments and I always look at it for contrarian aspects. When I see a ton of people bullish on oil, I'm like, "Oh, it's coming down." And you might say, "Well, how do you know that?" Well, really what it is is that if you have retail betting too heavily on one side of the of the of the trade, the institutions are not going to lose money. They're the ones selling the call options, right? They're not going to be taking losses here. And so, inevitably, institutional money will make sure they push it in the opposite direction of the crowd. Remember that. Social media can be hugely negative, but if you know how to use it properly, it can be an edge that can make you a lot of money. Speaking of making money, I've got something for you guys. So, when we look at sponsors out there, I always look for people that are going to benefit my followers, my viewers, the Verified Investing crowd. This is one of them. It's Bit Funded. Bit Funded gave us free 500 500 free accounts, totally free. All right, I think it takes about 24 hours for them to load the $5,000 in, but they will put $5,000 in an account for you. Now, you don't get to take the money out. You have to trade with it, but you can use it to trade, and if you make profits, you can then keep the profits. So, think about that. So, we have literally Bit Funded came to us and say, "Hey, we have a cool platform here. We'll give you free 500 accounts for your fans out there. They can go sign up at Bit Funded. You can use the QR code there or the link in the description. Use the code, I think it comes up if you use the QR code or look for the code in the description. Make sure you use our code, guys. Make sure you use our code, which is in the description or if you use the QR code, and there's 500 free accounts. You guys can go get them. They'll put 5,000 bucks in there. You don't have to spend a dime. No money needed. And you can trade with the 5,000 and try to make money. You make money, you get to keep it. Very cool. I love it. Thank you, Bit Funded. I think those type of giveaways are so freaking cool. Check them out, guys. All right, back to the charts we go. Here we have the 10-year yield. Right here, 10-year yield is down today. So, we know ultimately that is the beauty of what we're seeing in the markets with the rally. This week I'm watching this double top, guys. This is the double top going back to Let me see here. This is the back to October of 2023. Remember, resistance is respected until it's broken. Resistance is respected until it's broken, and right now we have to respect it that it's going to cause a pullback. Part of that is my view on oil. Oil coming in, yield should come in. And also, as long as the Fed doesn't come out and start being all dovish, the adult in the room should actually bring in the long end of the yield curve. Now, you might say, "Well, why would Fed raising rates bring in the yield curve on the long end?" Not the short end, cuz if the Fed raises, it's the short end is the short end. The Fed is in control of that. But, the reason it brings in the long end of the yield curve, is because people that buy our debt, that loan the US money by buying treasuries, they say, "Wow. All right, I feel better about putting money into the US because I see the Fed is actually trying to get inflation under control." What a novel idea to get inflation under control. So, that says to them, "Okay, I feel better about investing. Therefore, I'll accept a slightly lower interest rate." It is the most important thing. When you have fiscal irresponsibility, rates on the long end are going to go up because no one expects to get the money back. And if they do get the money back from loaning the US money, what's those dollars really worth? I mean, have they diluted a 30 over 30 years to the point where the dollar's worthless anyways? And then what's the point, right? You guys see my drift on that. All right. So, that's the thought process. The dollar today is trading fractionally higher here. So, we'll continue to monitor that and see where it goes, but the dollar again hit big resistance right here on the charts. All right. So, we've covered the market, the S&P, the 10-year yield, the dollar, oil. Those are the big drivers of this market, right? But, what is going on with Bitcoin? What about gold? What about silver, natural gas, and even stocks to trade today? Let's get right into it. I'm going to start with Bitcoin here because frankly, Bitcoin's the most exciting of all of these. So, let's take a look. Look at Bitcoin ripping today. Now, I'm really proud about this, guys, because while everyone was getting super bearish on Bitcoin and talking about it breaking down, even when Clarity Act was kind of failed failed in in the pushing it forward type phase, and is basically off the agenda until after the new year, it fell, but using the charts, and this is so key, I said, "Guys, your lowest pullback is right here." And you can see how every time we come in, we bounce off this level, right? And so even though clarity got essentially annihilated there, the clarity act, I said as long as we don't close below 75,500, then you favor the upside. In other words, the bigger pattern here was actually a bull flag as long as this held here, as long as this trendline held. Lo and behold, it held and look at what it has done since. Wow. From this level right here at 75,500 and it pierced intraday, but the daily close held 75.5, it is now at 85,000 and change, a $10,000 move on Bitcoin from the lows of 1 week ago. Not only that, but this is the big news of the day, the high here from the last major bounce in Bitcoin, we have now made a higher high. Okay? And this was the thing that was keeping me kind of from saying, okay, is this a bear market rally or is this a new bull market in Bitcoin? Well, listen, I don't expect Bitcoin to just shoot back to all-time highs in a week or two, or a month even, or a month or two even. But with a higher high, you can now say, okay, we now have a potential low from the bear market in and we could be entering the bull the new bull phase on Bitcoin. Now, am I jumping long here on Bitcoin? No, I never chase. But on pullbacks to major technical levels, you better believe I will be buying until proven otherwise, until we take If we take out those lows, okay, it wasn't the low. But right now, I'm a probability trader and that means we're favoring the upside and we're favoring a bull market low is in. Now, where are we going? Believe it or not, we're into some interesting levels of resistance here. I still think we can go higher, but interesting that we're piercing this trend line here. So, we are above it intraday, so that's interesting there. But again, at this point, I could see us meeting a little bit of near term, and this is only near term resistance. So, nothing yet to write home about, but basically this area right in here, you can see all of these lows, this 85 to 87,000 level. We got to get through that on Bitcoin. If we get through that, we should go up to about 97,000 there. So, right now, we're into a new test zone of resistance. All of this sideways chop, if we can push through, we should head up to this high right there. Really amazing because, you know, really bear market in Bitcoin was nasty. It broke a lot of hearts over the course of a long period of time. But, while the S&P was at highs, gold was doing its thing, and silver was doing its thing, Bitcoin was left in the dust. Now, looks like Bitcoin's finally catching the bid, while some of the other assets, like the S&P, S&P's still looking good, but gold and silver, honestly, they look range bound to me. Let's go and talk about them right now. All right, so here we have it. And you can see exactly what we're talking about. So, you have kind of maybe a short-term uptrend, but it's kind of a capped uptrend, right? We broke out the white wedge broke out. We hit this high, then we came down, and it established essentially a low, and you can see right here. So, parallel lines. And so, we're now stuck in an ascending parallel, which listen, I mean, at least it's ascending and not descending, right? So, price is generally going to trend up, but it does bring up the kind of the cap on price at the upper band of that. And again, we're not that it wouldn't be a good move to get back to 4,800 up here, but again, it is capped. And then, what we want to look for here as a technical trader, do we ever break this line or break this line? But, as long as, you know, really until proven, it's stuck in this range. Same thing on silver. Silver, parallel lines. Look at that. Upper end, lower end. Now, do we go up here, then do we come back here, etc. Watch to see, but looks much more range bound than what we're seeing on uh Bitcoin. Now, natural gas, talk about range bound, right? I mean, talk about boring range bound, which is weird to say for natural gas cuz they call it the widow maker for a reason because it's so volatile that it whips traders out both ways. But, natural gas has remained in a very tight range. I'm still bullish on natural gas. Maybe I'm being crazy on this, but I still think at some point as we get into the winter, we'll see a bigger break. But, look at the range this thing's been in now going all the way back to April or even maybe you could say back to February. I mean, just basically in a sideways tight tight range. Is it a coiling spring? The question is, maybe, but which way is it going to break? That's the bigger question. All right, some stock action today, folks. Not a lot of earnings this week. We have Costco later this week, uh KB Homes, which will be interesting because of the housing market and obviously what's going on there. But, we're in this low period until we get into uh October. By mid-October, we'll start to get the banks, then the big mega caps will report. So, we're about 3 weeks away from earning season starting up again. Looking at stocks on my radar, the semiconductors are in motion. I like this for a move up on Micron. It's already gapping higher today. I'm looking at a move up here to this 1150 level. This also happens to be, and why I like this level is resistance. If we use our Fibonacci tool and we drag it down, the Fibonacci 786 is almost identical with that gap fill. So, that'll be my target level for the move up, and if it gets there, I would consider a short on Micron at that point. But, we really are seeing kind of a resumption [clears throat] of trend uh in this in these plays. Look at SanDisk on Friday, up over 10%. Today, it's going to try to break out above this down-sloping or de-slope uh descending trend line. High pivot here to high pivot. Can it break? Right now, it's going to open above there. If it does, I think this could go. Honestly, we could see this thing back to 2275 or so up in this upper range in the near term. And you can even see, it's kind of like a cup and handle pattern, right? You have your cup and then kind of a little sideways handle here for maybe a breakout to the upside on SanDisk. So, all of a sudden, semiconductors are looking better. I can't help but wonder, and this is kind of on the DL, the lowdown, right? Is that you had the quad witching expiration or a triple witching on Friday, and I wonder how many calls were had been bought over the last few months on SanDisk, on Micron, and therefore the institutions didn't want to let them rally significantly until those were cleared off the board. And now they're cleared off the board, and it's like, okay, the the massive amount of options are are expired. They made their money the institu And now they're like, okay, we can step back and let these things run again. Just a hypothesis, you know, take it for what it's worth. All right. Couple other stocks, Mike uh Microsoft. I love this pattern on Microsoft. Let's see if it breaks out in the coming days. Look at the flagpole and the bull flag here. Watch that. And then Tesla here. Tesla again, can we get another surge up to this level here? This descending trend line should be very interesting. I think it's going to go there. Um again, we've kind of filled the gap here. We've kind of chopped. Now, you look for that next leg up here on Tesla to just above 400. At that point, we'll see where the resistance is or if it rejects price. All right, guys. That's it for me today. I got to get to my trading room. I'm pumped up. It's Monday. You You I'm rested from the weekend, ready to crush it with our traders there. Come join us there. You have services which are, you know, swing trade services, see our real-time portfolios, live portfolios with live P&Ls. We have crypto there for the crypto portfolio, smart money crypto, smart money commodities for commodities, and smart money stocks for stocks. And we even have a long-term investor service there, million-dollar long-term investor. If you're someone who doesn't want to trade too actively, that's the service there. You see the live portfolio, how many shares of everything, what the P&L is. It's pretty darn cool. All right, have a great rest of your day, guys. Thanks for tuning in, and thank you for your support. Take care.