Gareth Soloway frames the tape as a technical, probability-based market setup after the Fed decision and a slate of mega-cap earnings. He leans bullish near term on equities, expects Nasdaq to pierce 25,000, and flags several post-earnings stocks at resistance, while staying bearish on oil and cautious on Bitcoin, gold, and silver near larger pattern inflection points.
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This episode is a morning trading game plan from Gareth Soloway of Verified Investing. He starts with the Fed’s decision, noting no rate change and saying Jerome Powell remaining on the board of governors could reinforce perceptions of Fed independence, which he sees as mildly positive for markets even as inflation rises. He then moves to the prior evening’s mega-cap earnings, describing them as mixed but net positive: Alphabet/Google rallied sharply, Amazon was slightly higher, Microsoft was modestly lower, and Meta sold off hard on higher-than-expected capex. His interpretation is that the big tech spend is mostly keeping pace with rising costs rather than signaling stronger demand. The core of the video is a chart-driven overnight market read. …
Near term, the tape looks tactically constructive for equities unless oil re-ignites and drags futures lower; the main trade is whether Nasdaq can tag 25,000 and whether earnings can extend the squeeze. Individual post-earnings names are more likely to offer fades into resistance than clean momentum entries.
Over the next few weeks, the market’s base case is still upward drift with periodic tests of overhead supply, but any true breakout needs multi-day confirmation rather than single-session spikes. If oil keeps rolling over and Apple/other mega-cap results don’t disappoint, the rally can extend; if those catalysts fail, the resistance-heavy setup becomes more vulnerable.
The structural message is that chart-based discipline is the governing regime in this speaker’s framework: price action, not narratives, determines whether assets are in trend continuation or exhaustion. Bigger picture, mega-cap concentration, capex discipline, and repeated tests of major round-number levels remain the lasting forces shaping the market narrative.
Powell staying on the Fed board could reinforce the market’s view of Fed independence and is mildly positive for equities.
He says this solidifies the Fed as being independent and is positive for the market, at least for now.
Meta’s selloff reflects disappointing capex, while the broader mega-cap spending increase mostly matches higher product costs rather than stronger demand.
He argues the increased spend is not buying more output, only the same amount at higher cost.
WTI crude oil rejected resistance and is forming a bear flag, making lower prices the higher-probability path.
He repeatedly says oil pierced the channel and then got rejected, which he interprets as a bearish continuation setup.
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