Trading & Investing: NASDAQ Pivot, NVDA Trade Levels, Bitcoin Struggle, Hype vs Reality

Master Trader Gareth Soloway breaks down the charts and macro data like nothing ever available to the public. Usually kept for institutions, Gareth reveals tactics, trade levels and analysis that will blow your mind and make you a BETTER investor/trader. He covers stocks, commodities and crypto and will walk you through everything you need for the day to be a winning trader and investor. The Game Plan rockets past CNBC, Fox Business and Bloomberg in quality and actionable alpha. The show is a quick 15-20 minutes LIVE. Gareth is all about pure charts and data, no emotion. These are the keys to profitable investing and trading. Tune in at 9am ET Monday-Friday or if you can’t make it, be sure to watch the LIVE recording which posts immediately after the show airs! Others are making money and learning valuable trading tactics, don’t miss out!

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Chapters –
02:46 – Nasdaqs inability to take out highs, tech sector weakness
03:40 – Oils breakout to 79 a barrel, inflation concerns
04:25 – Federal Reserves need to raise rates if markets continue to rise
05:56 – Carvana jumps 30 after restructuring, revenue, earnings
06:37 – S &P 500 stalled out as wedge pattern tightens
07:37 – Gradient signals, RSI, breakouts, opportunities
09:34 – Apples clear trend line resistance
11:29 – Quick RSI test for traders
11:45 – RSI Positive Divergences for Bitcoin
12:36 – Nvidias surprise earnings beat, high valuation, pullback
14:30 – Mercado Libres bull flag, high failure rate
15:43 – Square hit new highs in premarket trading
17:51 – Bitcoin remains safe, but risks remain
19:42 – Support 3650 to 40 cents
20:13 – Stock markets at alltime highs, alt coins not doing well
22:36 – Gold, silver not breaking out yet
23:53 – Small pullback, bullish divergence, silver giveaway

Good morning everybody happy Friday my name is Gareth Solway here with verified investing and this is the game plan all right so I’m not going to put you through any sort of attempts of me kicking this thing around today at this point but maybe at the end we’ll see

Follow me over here real quick just a reminder guys less than a week till this angle hard bar giveaway 100 ounces of silver and again just all you have to do it’s so simple click the follow button on YouTube for verified investing and uh or or because you’re entered either way

You just get two chances to win if you do both or follow us on Twitter and again it’s that’s verified investing invest at invest verified on Twitter all right we got to get right into it because it’s Friday and I want to get to the happy hour action in just a little

Bit so what we’re going to do here we’re going to take a look at what the keys are for the day so right off the bat what do we have here Nvidia gained $277 billion in market cap yesterday the company is now valued at 1.9 trillion

Now again first of all there’s been no company in the history of the stock market that has gained 277 billion dollars in one single day that’s basically it added a Bank of America if not even a little bit more than Bank of America just by doing what it did

Yesterday somewhat unheard of somewhat ridiculous but that’s what bubbles are all right and again I’m not going to be shy about calling it a bubble it is an AI bubble bubbles you don’t know when they’re going to top out though and always we have to remember that right so

It could be soon it could be in a month it could be today we don’t know one thing I will say on Nvidia that I’m going to be watching for guys is this to hit three uh 2 trillion doll so that 2T will be a very important technical kind

Of and psychological level I think that’s around $810 today if I did my math approximately correctly so again watch this when it hits 2 trillion does it start to see some sellers come in psychologically that’s the same as if something hits $1,000 a share or something else often times you get a

Selloff back down all right couple other things to go over just some other interesting facts Nvidia broad Comon AMD the result the result of those moves yesterday alone were over 50% of the nasdaq’s gain yesterday so three companies right there next up NASDAQ had its biggest day in years up 3% yesterday

And again the question I have and this is an interesting one we’re going to look at the charts the NASDAQ actually did not make a new all-time high yesterday so it didn’t take out the previous high from a few weeks ago and I think the bigger question for me is if

The NASDAQ can’t take out those highs on a day like yesterday does that speak to underlying weakness in the sector in the technology sector where again we’ve talked about this every day here there’s fewer and fewer companies that are pushing up while more and more companies are starting to sell off all right

Couple other things here guys um we have to look at the mag 7 now make up over 33% of the S&P 500 one of the last times this type of concentration was in an index was in 1999 to 2000 just before the dot bubble burst but remember you

Know again doesn’t mean it’s happening today or tomorrow it could still continue up that’s the way bubbles are we have to look for those key metrics of reversals to give us a clue and even then everything is subject to potential failure it’s about putting the probabilities in your favor all right

Couple other things here guys as we just go through a few more of these points uh what we can see here oil guys is up 10% on the year hammering on a breakout of $79 now it is pulling back a little bit today we’ll look at the chart in just a

Minute but the reason why I’m bringing this to your attention is if it breaks 79 it goes to $85 a barrel right so I’m going to watch that level like a hawk most importantly because of its impact on the CPI the PPI numbers and what that

Could mean for the fed’s ability to cut and we talked about this yesterday in Market Mavericks I don’t know how many of you guys tuned into that show but the question I have now is if you see the stock market continuing to go up and you

See oil push up and we start to see some inflationary pressures building is it even possible that later this year the FED might have to bring a potential rate hike back on the table think about that I don’t necessarily know that’s going to happen or think it’s going to happen but

If we continue to continue to make new highs in the markets some point the fed’s going to have to come out here because higher new all-time highs in the markets are inflationary it just is guys think about this you just had Nvidia in your portfolio you just had other stocks

You look at it after yesterday holy cow it just went up a huge amount let’s say you had $100,000 in there now it’s $3,000 bigger because the NASDAQ was up 3% now you feel like you know what I’m going to go out to dinner this weekend

To a nice stake dinner or I’m going to go buy a new TV that is inflationary because it’s demand pressure and again if the supply is not there to meet it prices get forced to the upside some stocks in the news here guys a couple other things to go over Square reported

Earnings the stock is surging now again remember square has been beaten down for a long period of time this doesn’t Shock Me doesn’t mean it’s a buy by the way but nonetheless we always talk about how stocks that are pressured into earnings or way off their all-time highs

Sometimes they have more probability of going up because expectations are low and in this case I think that’s exactly what happened booking Holdings right this is a travel website remember Expedia came out and said there’s a little bit of a problem maybe some people aren’t traveling as much maybe

The consumer is starting to falter and again booking is down now they did say the travel is doing well there were some other factors here that pushed it down but the stock is down nicely on the day dropping I think it was about 8% give or take lastly carvana jumps 30% now this

Is another one that’s been beaten down they’ve restructured the company um their revenue was good their earnings were decent as well but overall it’s looking like maybe they’ll survive so the market is giving them a premium I think also the 30% move on this is partially short covering shorts massive

Short amount of people in there and again anytime you get a pop it’s going to be a short squeeze to some extent so interesting to just take note of that let’s get into some charts right off the bat because we do certainly have a lot to discuss look at this guys this is

That channel on the S&P or that wedge pattern on the S&P right so remember this channel look at where yesterday went and I’m going to zoom in on this cuz I do want us to pay attention and I also noticed noticed that I do have the

RSI on the screen here okay so we’ll talk about the RSI in just a minute but look at the move yesterday how we went up but we tagged this upper line right here and we stalled out so yes it made a new alltime high on the S&P 500 but we

Still were held within this tightening wedge pattern that’s getting Tighter and Tighter and as I’ve said to you when you have a wedge pattern remember basically what you get here is price in it that’s why it forms the wedge you’re connecting the highs and the lows and eventually

It’s forced out when it gets to the Head it has to either break out or it has to either break down right one or the other and so that’s what we’re really watching now in general if you look at pure probabilities UPS sloping wedges tend to want to break down eventually there’s a

Slight higher percentage of that happening when I say slight we’re not talking about huge maybe you know maybe 60 40 kind of probabilities so again maybe slight favor bring to the downside but let’s watch here now if we get above remember I taught you guys the confirmation signal yesterday at least

The basics of it there’s a little bit more in depth stuff that I teach in my courses but we want to see if it closes above this line does it confirm on the daily chart that is the endall Beall versus a fake out don’t think by the way that institutions don’t know this

Channel exists and don’t think they might not want to just get the last few shorts to get squeezed out by getting us just above this line and get the last few Bulls on board and then think about reversing it that stuff does happen and as an investor if you don’t know these

Games then you literally get eaten it’s like shark infested waters and you are one of the small fish that are dinner for the institutions okay couple other things to go over here um look at the RSI this is something I did pick up on I

Don’t know how many of you guys know RSI this is again something that that we teach here at verified investing but when price goes up generally the RSI should be going up as well it should be making highs higher high higher highs right just like the market High higher

High higher high and even here yesterday higher high but look at what you have on this RSI let me get rid of those lines you have over here this was a high and this was a high but then you made a higher high here but a lower high on the

RSI and even yesterday look at this you didn’t even get back to the 70% level of RSI and you made a new high on that that is called a negative Divergence and I use this in Bitcoin going into the spot ETF this was a clear signal for my short

Where we made money on that drop with members of verified investing crypto and I’ve used this in many cases now is it infallible no it can fail of course but it does give you a little bit of an edge and in this game of investing edges are

Everything you just got to get those probabilities in your favor on every single trade of course it doesn’t mean every single trade is a winner but nonetheless it is important to get them there so that more often than not you are winning going quickly to a couple other charts here guys Apple continues

To be holding this major line I’ll tell you I got to give credit to Apple now listen it’s partially the market and Nvidia right I mean Nvidia now has become the market but Apple just does not want to give up this level here right what I mean by that is you have a

Very clear trend line that we’ve talked about and it’s hitting over and over and you even pierced it right I mean I think you’re seeing the steps of this it almost reminds me of my child you know or children or anyone’s children they push push you to the Limit and then they

Push you a little bit more to see how far they can go um and here you had it starting down here it hit perfectly right here it hit perfectly right here now it went a little over the line and then got rescued right back up the point

Is eventually This falls off a cliff or at least it should so watch that closely especially as we’re seeing Apple underperforming even though Apple’s still a great company basically 3 trillion company remember Apple made the last time Apple made a new all-time high was December of 2023 and since then it’s

Been underperforming while the NASDAQ 100 has made new all-time highs so this is no longer the favored leader we know Nvidia obviously is that name speaking of Nvidia guys this is a crazy one so I had that channel and and we talked about how again you know the channel here was

Just blown right through but what I want to see today is does it confirm and secondly you have other lines right up in this range as well it’s above all these lines so really as a technician when a chart goes vertical like this and you start to to run out of trend lines

Of resistance now it doesn’t mean it’s going to continue to go up you just have to be aware that that’s just the nature of the beast in bubbles things will do that they will just go to Infinity not Infinity but they’ll just keep going and

Going the one thing I want to point out to you guys here that did catch my attention is that if you look at this chart here right let’s zoom in a little bit look at that RSI again right in fact I’m going to clean off all these lines

On the chart so we can see now let’s just do a quick test for you guys at home watching or wherever you’re watching all right here’s a high here’s a higher high what should the RSI be doing it should be going up right you should have a high on the RSI here and

Another high here and you should you know something like that right but but look at this latest high on the RSI here’s your previous high right here and look you’re all the way down here that again it’s not you know I really like to see three negative divergences in a row

But it is something that I’m paying attention to we’ll have to see again if if if Nvidia goes up for another 10 days St trade of course eventually that RSI probably does take it out but it’s just something we want to pay attention to cuz if this comes down like this and it

Comes and then makes a new high here on price but this makes a lower high now you have three points which to me on the RSI becomes much more important like I said I I’ve used this on multiple charts including on that Bitcoin spot ETF approval to get a another signal that it

Was going to dump out and it did fall 20% um in that scenario couple other charts here guys I want to jump to booking Holdings so again if we look at booking Holdings here um we can see it is down in the pre-market we talked about this one again it wasn’t that they

Said travel was that weak it was just again there was some other tax implications but either way the kicker is this right so it’s trading at around $ 3656 amazing they haven’t announced a a split or anything like that but just look at this stock from alone what it’s

Done since uh since November of last year so we’re talking basically what four months so if we look at this going into earnings the stock had gained 43% so think about this just again now in video was the freak of nature right I mean that stock again defied the logic

Of this but if you look at a 100 stocks that rally 40 to 60 to 80 to 100% into earnings a majority not every one of them but a majority of them will fall booking Holdings is a good example of that right they beat earnings they did well yeah there was some tax

Implications that caused them to kind of show some some lesser earnings than maybe people expected but when you look at this gain there are people that say okay this is now run this has grown into its current valuation if not a little expensive based on what they announced

And you do see a pullback on the charts right so again you’re now seeing this thing pull back to the 3600 level now in all fairness that’s just right back to where it was trading right over here which is a lot of support now on a

Technical basis is there a trade here I mean this is tricky right I mean you have this huge gain the levels that I would be watching would be this low here right which looks like it’s just below 3,400 right in there so 3,400 and then if it really flushed through that this

Is going to be major major support look at how price went up and you had all this chop here that’s going to be major support and that again looks to be around 31 3150 on the booking Holdings chart okay couple other charts in the motion today let’s bring up makato Libre

Here um this one again is doing uh is getting hit kind of the same thought process as booking Holdings right look at the run up in this this thing is up from $100 to almost I mean basically you’re almost talking about 100% move in the stock going into earnings it is seeing a

Little bit of selling now it did have a little bit of a bullish pattern here but one of the tips that I’ll give you guys in terms of education is that when you see a bull flag developing at the highs you have to be a little bit more

Skeptical of it versus when it’s at the lows and the reason it is is because but bull flags at the highs like this and this consolidation is bullish they have a higher failure rate than a bull flag that might appear down here why is that well psychologically the chart if it’s

Discounted it has lower expectations and those bullish patterns will have a favorable chance of playing out when you’re up here it’s mile high expectations again if I zoom out in this chart I mean let’s just even zoom out a little bit more I mean look at the run

That this thing has had right so you’re talking about just going back to you know 2022 a couple years ago and this thing has gone up three uh 200 300% off of those levels so just be aware of that little little tidbits like that do make a difference now Square real quick guys

Square is hitting new highs in the pre-market look at this move on Square guys and again remember this is one that was somewhat beaten down so we’re trading at $80 or just above let’s look at our tradable levels for the day real quick then we’ll get into some

Commodities I was going to talk about carvana but carvana is a short squeeze I’m not going to really mess with it but again if we zoom out let’s go to the weekly chart on Square all right look at this does that look like a chart that was at all-time highs like on makato

Libre or uh or or the other one you know or or booking Holdings or is it down here all right so you have to just kind of keep it in perspective now it doesn’t mean just because I want to be clear on this just because it’s at the lows

Doesn’t mean it’s a buy going into earnings it’s just a slight probability change it favors a little bit of upside when the expect assuming by the way this is all assuming that you don’t have issues within the company like bankruptcy and other things like that right but if it’s if it’s a healthy

Company that’s just been discounted the favorable factor is to the upside so sure enough this is Trading North of $80 after that big collapse on the daily chart now if we zoom in on this where are our levels well interestingly enough we are trading right at this technical

Level right here which is resistance would I short it no way no way not not on a chart that’s been beaten down like I just showed you now if it really surges up you’ll have a secondary level right up here which looks right around there as well that would be around 92 to

93 now if this stock got to 92 or 93 today would I take a day trade short on it yes not a swing trade maybe a quick scalping opportunity for a day trade all right guys follow me over to this screen I want to go over a couple other charts

Here so of course we’re going to get into Bitcoin and see what we have on the Bitcoin chart real quick so let’s flip that over there and right here we have Bitcoin again which honestly I’m surprised about right if you had told me Nvidia was going to soar like it did and

The stock market was going to have one of its best days in years I literally would have said well man Bitcoin will be up $2,000 at minimum it wasn’t it was down so something’s going on there guys again something is going on in this situation now again is it still safe is

Bitcoin still safe yes because it’s still above 49,000 which was that spot ETF High that’s your level but again why is it not seeing money flow from risk assets I’m not 100% % sure just being FL Frank with you guys on this at this

Point uh I am in the money on my short that I have with members I just have a little bit of a short but nonetheless we are in the money as I do think it will pull back below and head back down one other thing I want to point out remember

I told you just a little while ago about the negative Divergence and how I knew or at least it gave me probabilities of that move in Bitcoin to the downside we’ll take a look at the negative Divergence here look at this High higher high here higher high higher high right

Look at the negative Divergence on these look at this look at that as price was going up look at the Nega even when you got to this High you you couldn’t even get back to the 70 marker on that chart that negative Divergence and then what

Happens 20% drop right so again do we have a negative Divergence yet no not really because you have to kind of to me I reset it once this this plays out I kind of reset but if Bitcoin let’s say Falls to 49 and then rallies back up and

Makes a new high back to this line but RSI maybe comes down lower that would start to get my attention in terms of RSI and again guys hope you guys see that every time I do these my my my goal is to bring you some sort of educational

Piece as well as the chart analysis okay so watch 49,000 on bitcoin that’s going to be the key factor here let’s go quickly through Avalanche Avalanche here um take a look we could see that explosive move which was just nuts look at how again you had resistance it broke

Out it came back right to the scene of the crime right here broke down and then it started this new channel right here it went back to the scene of the crime again then sold off and we’re right here so you’re kind of at support at $36.50 to4 problem is I think it

Probably does break lower all right now where would the levels be well you’re talking down here at around 28 if it breaks so basically if it breaks 36 3650 you’re probably headed to 28 there’ll be some minor levels along the way these little pivot lows here but in general

That’s a very plausible scenario if we start to see any sort of again bigger selloff coming in on the altcoins and again guys with stock markets at all-time highs it is interesting and by the way it’s interesting that we’re not seeing the alts aside from ethereum doing well even with Bitcoin stalled out

Because usually that’s the Playbook right Bitcoin runs like it did and then Bitcoin goes sideways or pulls back a little bit the alt coins run we’re not really seeing that at least not on a lot of them you know not on Salon not on some of these others speaking of it

Which let’s take a look at this is chain link I haven’t gone over this one in a while with you guys let’s do a little test case I want you guys to look at this chart where do you think support’s going to be all right well it’s already

Pulled back off of 21 back to below $18 where is that big support line going to be give you guys just a second as I bring it up on my chart here uh just test your knowledge and basically what we do is we just put in a beautiful

Trend line right across okay and we can even lower it there you go all right so hopefully some of you guys are able to get this when I do this my goal is again to slowly teach you guys how to draw trend lines and understand levels so

What this is telling us is that this was resistance resistance resistance resistance breakout where’s the scene of the crime scene of the crime the breakout level here right here that’s your support level on chain link right there 1675 give or take now if it gets below this and confirms that would be

Very bearish and where you expect it to go you’d expect it to go to the low end of that channel again it would basically break back into the channel the channel would be dominant again and you would look for that action inside of that level okay so good stuff there guys

Let’s move on here to a few other uh Commodities not a whole lot to discuss on gold here it hasn’t moved a whole lot so let’s go to the bigger time frame let’s erase all these trend lines and just kind of putting out there I want to

Show you guys this again this is something of importance but basically when you’re looking at this sideways moves what you can see is that gold essentially is in the same kind of pattern as it was here right flat top just like we have a flat top here okay

And really again had had pullbacks you could can’t really put a put a inverse well maybe you could do the inverse Head and Shoulders here I don’t know you know something like that but the point point is you’re doing the same sort of thing right it keeps hammering and the thought

Process behind what I’m thinking is that you’re going to once you get the breakout you’re going to get this type of replication of a move which again would put us pretty nicely north of 2500 again have we broken out on gold the answer is no we haven’t yet so maybe we

Don’t maybe we never do but I do think this will eventually happen especially once risk off starts to hit the market silver is not doing much this is a big chart of silver but it is flagging here generally this is a bullish flag again it’s it’s it’s the consolidation is

Occurring in the upper range so keep that on your radar Platinum I promised you guys I would do Palladium one day Platinum another day we touched on Palladium earlier this week here’s your platinum chart Platinum actually is interesting to me and the reason it’s interesting to me at these levels is

Because if we go here right if we look at this we have a couple trend lines converging very close to price low low to right through here right and where are we right there and then you have this little pivot low right across here and this is the monthly chart so we’re

Going back to 1999 for the start of this trend line so again assuming Platinum holds this we’ll call it 880 875 level it looks actually pretty good here but you still need the short-term breakout above a th000 so again support around 880 875 but ultimately if you want to

See the big move you got to get over a th that’s going to be the hump for this uh chart all right couple other charts just to quickly go over guys us oil it is pulling back a little bit today here so again small pullback all you care

About here is $79 does it have a daily close above does it confirm if so this is your trend line Target if it gets rejected and the bull flag fails you easily could come back to $70 per barrel and lastly guys real quick here’s our

Natural gas chart I did want to show you guys just one thing here so we talk about divergences right so here’s your RSI here was your previous low here was your secondary low that we just got the bounce off of RSI was down here low here so you had a positive or equal

Divergence right there slight positive Divergence on those two with such a dramatic move lower that’s very very bullish now we are pulling back on N gas today you’re seeing a little bit of a pullback again but yesterday this was happening as well and we saw buyers step

Up so let’s watch to see how that trades out there all right guys so that’s really where we are at this point just follow me over here but again I hope you learn something as always guys don’t forget the silver bar giveaway uh that’s next Thursday the last day of the month

And then we’re going to start using that wheel right there going into March we’re going to fill it up with prizes and gold and silver and crypto and courses and all that fun stuff for you guys um to win on a daily basis actually I’m committed to giving back again it’s

Called The Wheel of appreciation thanks to you out there who came up with that name I love that name you guys have a great weekend as always thanks for being with me and spending time with me Monday through Friday and uh I’m going to kick this and let’s hope I don’t break a

Camera but let’s see what we can do here there’s Ben