Trading & Investing: Stocks Prep For Earnings, Technical Analysis, Trades On Crypto, Gold, Stocks

Trading & Investing: Stocks Prep For Earnings, Technical Analysis, Trades On Crypto, Gold, Stocks

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good morning everybody Welcome to the
game plan my name is Gareth Salway Chief
Market strategist here at verified
investing coming to you live from the
verified investing studios Okay we have
lots to cover today we got earnings
Galore coming out this morning UPS GM
spotifi Pepsi GE you name it we’re going
to cover the charts where are you going
to want to be looking at the levels for
support and resistance I will get all
into it so again big things coming we
have Tesla after the Bell today that’s
going to be a big one don’t forget meta
on Wednesday after the bell and
Microsoft and alphabet on Thursday big
week for earnings let’s get right into
it all right number one we’re going to
flip over here and we’re going to go
right to our website here uh verified
investing.com don’t forget guys on this
you have charts Galore you can see again
I’ve covered many things you have the
salana chart you have various other key
elements of technical analysis both in
the stock section as well as the crypto
section also again as I showed you guys
before economic charts I have action and
technical analysis on the 10e the yen is
collapsing that’s a big one to watch
Insider selling stats as well as the
dollar depreciation stats over here
don’t forget we have the economic news
and the earnings calendar right down
here on the website all right next up
what we’re going to do is we’re going to
get right into a few charts here I want
to start with the US dollar the US
dollar right now folks is again
consolidating we know that it broke out
we’re still making this bullish
consolidation pattern here I have my
upside Target right up above 107 now if
that does happen we should see golden
silver continue to pull back they’re
pulling back today again I’ve been kind
of bearish since we got that topping
tail looking for a pullback to be buyers
of the dip I’m going to be buying the
dip on gold and silver and again we just
need a little bit more of a pullback on
those medals before I start stepping in
and inching into those trades next up
let’s take a look at the 10-year yield
guys this is a big one because again
this is something that I actually
believe that the 10e yield has topped
out all right when everyone else was
saying yields were going to continue to
go down because of all the rates Cuts I
looked at the chart and I said guys I
think the yields are going to go up what
did they do from the beginning of the
year they’ve been going up higher highs
and higher lows but you have to respect
the channel right we have the high here
the high here and the high here that we
just hit notice that every time we hit
the high what do we do we pull back to
these low zones so in other words
expecting for me I’m looking up for a
pullback to about
4.4% on the 10-year yield that will be a
key level eventually I want to be clear
UPS sloping channels if you want to do
some education UPS sloping channels like
this eventually break to the downside
you don’t know when but eventually I
would anticipate that this goes even
lower that makes me very interested in
something like the TLT which again tends
to go up when yields are falling in fact
that’s something that I am holding right
now with members of smart money stocks
and ETFs okay let’s go on to another
chart here S&P 500 got a little bit of a
bounce yesterday we anticipated this
bounce if you’ve been watching these
game plans you’re literally on The
Cutting Edge of all of this stuff notice
the technical support and yesterday what
did we get we got a little bit of a
bounce now in other words what are we
looking for going into these earnings
announcements now we have to let the
chart tell us right so what I’m watching
for over the next few days is what type
of price action do we get now remember
when you have a steep decline what
you’re looking for is do you get an
inkling that it’s a bearish pattern
meaning further downside so again if we
start to go like this for a few days
that would be a bare flag you would
anticipate further downside we’ve got
one green day today which is the
beginning of a maybe bare flag but it is
not something that you would consider a
bare flag yet you can’t look at one
candle and be like oh that’s a bare flag
a flag has to have multiple candles on
that time frame to make sure that it
falls into the criteria of being a
bearish pattern so if we were to get
another sideways day today maybe a
little upside another little up upside
day tomorrow now once you get three
sideways days probabilities begin to
shift towards the bearish side but right
now we were at support we’ve gotten a
little bit of a bounce now I’m looking
for the chart over the next few days to
guide me to which direction the market
is most likely going to go okay so again
we’ll be watching that very closely I
think on the macro basis if we look at
the bigger time frame you can’t deny
this big uptrend has broken which makes
the markets very vulnerable for further
downside that’s generally the way I view
it I look at the bigger time frame to
kind of direct me to which direction
it’s going to go but ultimately we still
want the shorter time frame the time
frame just on the next few days to kind
of reinforce that angle if it doesn’t
reinforce it then I have to say to
myself listen the market may want to
jump back up maybe even getting back to
these zones so that’s why that smaller
time frame is important to take note of
all right a couple other things here
guys the NASDAQ 100 same kind of deal
you had the uptrend that was broken then
you had the sideways Trend remember I
showed you this from 2021 this is such a
powerful chart notice again before I
flip back to that area notice this now a
lot of people look at that and they say
oh that is bearish excuse me bullish
consolidation technically it does fit
the criteria but you have to take note
of the bigger pattern and this is what I
just was talking about a second ago the
bigger pattern was this longer term
uptrend and even when this was
consolidating it broke that up uptrend
and so what that does to me is it
changes the probabilities like if you
just have a move up like this and like
that that’s a bull flag probabilties
probably 70 80% to the upside when you
have a secondary pattern that is a
longer term pattern that has now broken
it makes me look at this and say uhoh
this is distribution and distribution is
where institutions are dumping into
retail fomo buying so again this was an
alert once we broke this uptrend even
though we were going sideways which is
technically bullish that it wasn’t a
move up that was coming but
probabilities were favoring a roll over
to the downside and just to show you
guys this going back a little ways let’s
go all the way back to
2021 on the chart right the highs the
all-time highs here and let me just zoom
out here and there we can see exactly
the same thing so what we can see very
clearly right we had this uptrend here
constant grind higher going into the
all-time highs of 2021 and you had that
same sort of sideways chop which then
broke to the downside and again once it
broke we really had a big correction the
NASDAQ 100 dropping 37% before we got
the next bull market to come in and
rally us up but again I always like to
show that because you have to look at
multiple time frames at least the best
Traders and investors do they don’t just
focus on the 10-minute chart or the one
minute chart or the hourly chart or the
daily chart you look at the one that
you’re focused on for a swing Trader
generally the daily chart but then you
also expand out to the larger time
frames go to the weekly go to the
monthly do those those confirm your your
analysis if they do probabilities are
greater that you’re correct versus if
you just see it on one time frame okay
couple other charts I do want to get
into yesterday we talked about Tesla
being a buy below 130 uh excuse me below
140 that was based on a trend line to
the downside here and again if we zoom
out on this guys take a look at that
trend line right pivot low right down
here pivot low right here and pivot low
right here now again as of now we’ve
bounced off that level it’s trading
around 142 and change this morning but
the question is in earnings is it going
to hold this level and that’s going to
be a big question mark the one thing I
will say is that in earnings anytime you
go into earnings if you hold into
earnings the probabilities are probably
a little bit less because something that
a CEO can say in a conference call can
make a major difference in what
ultimately the stock does in the short
term so the probabilities are not good
like if you look at this if if this if
we weren’t with earnings today I would
say this is probably about a 75% chance
this goes up now because of earnings it
probably goes to 65 to 70% favoring of
the upside the other thing to keep in
mind folks is that you have to remember
that because probabilities are not
ultimately 100% right I mean 65 70%
still leaves you know 30 to 35% that
you’re wrong the the scary thing about
holding into earnings is that if you’re
wrong the moves are massive and so for
instance you know holding a stock into
earnings you can ultimately say all
right well I have 65 70% chance that
I’ll be correct but the problem is if
you’re wrong you can be wrong to the
tune of 10 15 20% loss just in an after
hours period and that again is one of
the scarier things and so each
individual investor has to make that
risk assessment I’m here to present the
facts to you the risks obviously and you
guys ultimately have to determine what
is appropriate for your financial
situation okay okay so that’s an
interesting chart now we did get
earnings on UPS here UPS initially
spiked dramatically higher this is the
pre-market data on UPS you can see
earnings this was this was yesterday
after hours here’s this morning when
earnings were reported it shot up to
about 152 it then has collapsed to about
143 now looking at the daily chart where
are the levels so if we’re at 143 what
do we do we zoom out on the chart and we
start looking for technical levels the
first level I see on on this chart is
right at this low which is a gap fill at
around 139 so 139 there’s a little bit
of support there in addition below that
there’s a secondary pivot at
138 as well so the 138 to 139 level
should be some sort of technical support
today on the chart of UPS if it breaks
through that level which is always a
possibility right we know that
volatility on earnings is very normal
then you look to the secondary pi pivot
right below here which is around I
believe this is around
134 134 would be this lower level right
here and again that would be right in
that vicinity so those are your kind of
zones I would consider this one zone cuz
it’s so close it’s within a dollar and
then this would be your second Zone down
here so again 139 138 Zone and then 134
would be your technical level or
secondary support level on UPS
interestingly enough on UPS you can see
it’s been in a pretty steep downtrend so
in general what I’m finding is that if
you look at this right we’ve kind of
been sideways to lower this was up here
over $200 about $230 it’s trading at 145
right now last as of yesterday’s close
obviously we’re at 143 or so in the
pre-market but again it’s been in a
downtrend so we also want to be aware of
that downtrend and where ultimately
could be a bottom the one thing I’m
seeing on this is a channel do you guys
see that and again this is something
that my ey just can pick up on it’s not
perfect necessarily but what we do want
to just take note of also is Line to
Line and look at that guys so again if
you’re really patient like me right and
you’re saying listen yeah I may day
trade those two levels that I put out
today right that we just talked about on
the shorter time frame but where might I
swing trade this and remember the
difference is Swing trading you’re
holding for days weeks maybe even a few
months day trades are intraday like you
know you hit 138 139 it might be in and
I might be out for 50 c gain per share I
just do a lot of shares and you kind of
just grab that money and run as a day
trader on a swing trade basis this tells
me more information right because what
it tells me is that every time you hit
this line you get a big bounce right
look at that so in theory right if you
just extrapolate that out if we come
down to this level which is around 122
currently 121 we should get some sort of
bigger bounce that to me would be the
swing trade opportunity I might be
interested in all right so again the
differences are when you’re looking at
the tight time frame you’re zooming in
on the chart you’re looking for on these
earnings moves the potential for day
trades on a swing trade basis you zoom
out you see the bigger Trend which is
down where is it bouncing off of this
level and that would give me an
opportunity for a swing trade do I think
it’s going to hit that level today no I
don’t but if the markets dump out of the
next week or two and it’s down on
earnings is it possible it goes there
yeah it is and that would be a level
that I would want to focus in on
GM guys let’s talk some GM here General
Motors look at this move on General
Motors today guys very impressive
earnings this morning again blowing
estimates out of the water and again
coming up here the stock closing
yesterday around one around $42 and
change we’re now at 4576 you can see a
line right up here coming into view for
resistance so again this will be
something that I watch very closely look
at this level right here all that level
is is taking this previous pivot top
where we had this pullback that’s at
$46 right up here we’re only about 25
cents away from it that will be
resistance number one if it gets through
resistance number one where is our next
technical level here and if we zoom out
we have to go all the way back here and
this is a big one guys there it is now
it’s coming into Focus now this might be
something I would consider a swing trade
notice how day trades I’m zooming in on
the chart swing trades I’m zooming out
on the chart you got to see the big
picture for the swing trades right and
by the way if I’m a long-term investor
I’m not even on the daily chart I’m
going to the weekly and the monthly
because I need to really see the big
picture of I’m a long-term investor okay
so right here look at this pivot low
right here see that that’s the zone
right there that should be major
resistance it looks like it’s right
around
$48 per share so again just something to
watch right around $48 per share this
should be a very important resistance
level on GM all right couple more that
we’re going to go through then we’re
going to find out who won the nordvpn
one year uh quickly Shopify reporting
very good earnings as well if we flip to
the pre-market look at this move guys
Shopify ripping to the upside now over
$300 per share nearing 303 this gets my
attention because it’s such a big move
as a day trader as a swing Trader you
still got to sit back and kind of look
for the bigger levels as a day trader it
does get me interested okay so first and
foremost I have a level here and again I
had to zoom out a fair amount well
that’s not true we can basically look if
we zoom in we have double top right up
here at 312 okay so this pivot high
right here is at 312 it’s only about $9
away at this point that’s not much for
Shopify uh excuse me Spotify uh next we
want to zoom out and say okay wait is
there a secondary level here if we take
this previous all-time high it actually
coordinates almost with that level
basically 310 to 312 is the Zone this to
me based on how strong it is probably
not going to swing trade short this
today but as a day trade somewhere in
that vicinity I might be interested
lastly let’s just touch quickly on
JetBlue Jet Blue disappointing earnings
this morning take a look at the drop on
Jet Blue here again crashing down to the
downside this is actually a big move for
Jet Blue closing yesterday what did it
close yesterday at like
$7.50 or SO trading at 633 that’s a big
percentage drop Che take a look at the
daily chart where is the level there’s a
big gap fill coming up just above six
bucks 606 right here look at the Gap
fill see that Gap right there that is
the zone that I’m focusing in on for
trading today’s action on a swing trade
basis same kind of thing when something
like this happens it’s got to I got to
let the dust settle I want to get a
better view on this I probably have to
go to the weekly the monthly chart as
well just to get a better view I’m very
careful about ones that are dropping
into these levels because to be honest
what’s to say it it maybe it gets a
small bounce here and then goes lower
right and I should do it more accurately
over here so let’s say it comes in here
and gets a small bounce but then it
comes down here and you have multiple
secondary levels here then here I mean
there’s just a lot of levels down here
that I’d have to re-evaluate if I’m
looking to be a swing Trader all right
quickly guys let’s go back here we’re
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Capal all right guys we are back right
now let’s focus in on what we have on
bitcoin Bitcoin in the overnight pushing
to about
67,500 just a little away from its key
resistance level it’s getting pushed
back down today but nonetheless I’m
continuing to think that yesterday’s
Green Day on bitcoin coincided with a
Green Day in the stock market so let’s
watch these next earnings over the next
couple days if the stock market starts
to tank I I got to believe that we might
see Bitcoin come back down but
ultimately as a technician right no bias
just looking purely at the chart we know
that we have our support level down here
right right in here and our resistance
level right here that’s what you’re
following which way does it go we don’t
know yet no one knows yet all I know is
that this is a confirmed resistance this
is a confirmed support that’s all as a
Trader I know my job is to watch to see
which way it confirms and then my guess
is you get a big move if you confirm
above I think not only do you hit the
all-time highs of 74 but you probably go
even higher if you confirm to the
downside you guys know my level 52,000
to 49,000 this zone right in here which
basically coordinates with this and the
high from the spot ETF that again would
be your downside level so we know our
levels we just have to be patient here I
know no one likes to be patient we
always want the move now but sometimes
charts just need to figure themselves
out they have to find out which way it’s
going to go it’s waiting on more
information itself just like we’re
waiting on more information for um our
informational decisions all right take a
look at salana here I wanted to cover
salana salana went right to the level I
told you guys about a while back this is
actually where in smart money crypto we
ended up buying we ended up making a
nice chunk of change very very quickly
on this I was ready for that reacted put
out the trade signal to members and they
crushed it right there it’s now moved up
here this is your resistance zone right
up here very obvious look at the level
here the level here the level here and
the breakdown confirmed this means this
is a confirmed resistance for me if it
gets up into this range that might be a
shortable level on salana on the
downside if it breaks this area here you
actually have quite a bit of downside my
guess is you’re probably heading to
about the $100 even number on salana
right there all right so we’ll cover
that we always try to cover one
different crypto each and every day but
let’s flip over to gold now gold
continuing to decline no surprise here I
guided you in these game plans I’ve
given you again pretty much every signal
with again if you look at by the way if
you look at the calls that I make in
these based on the charts and what
they’re telling me and I just translate
it to you and tell you what I what the
charts are saying it really is about 75%
success rate it’s pretty darn cool to
see that and here was another great
example of this there’s your topping
tail there’s your big reversal I I wish
we were still down here to be honest
because I just want to get to a point
where I can start buying gold again it’s
just not there yet so I got to be
patient again the level here for me 2200
right there that’ll be my first
accumulation Zone and I’ll accumulate
all the way down to about 2100 right in
here right so you have all this area
over here this consolidation zone right
here but again this is my area where
I’ll probably buy a little buy a little
buy a little buy a little all the way
down into that range don’t know if it’ll
go as low as the low but nonetheless
just accumulate my accumulation Zone and
as I say guys I’m just telling you guys
what I will look to do everyone has to
make their own decisions based on their
financial situation okay next up same
thing with silver big drop yesterday on
Silver I have my zones already picked
out $25 to $26 right in here right so
again I believe y there’s a level right
here I don’t have it on the chart right
now but right between 20 technically 25
to 26 is the Zone I will be looking to
accumulate or silver if we get down to
that little level there next up we have
oil now oil’s an interesting one oil’s
an interesting one because yes we are on
a confirmed support level but but
are you starting to make a bare flag so
this changes things a little bit because
a confirmed level the obvious move
should be up and we did get a bounce all
the way back up here when Israel sent
the bombs back to Iran for that quick
little bit before we realized it wasn’t
that major of an attack but now we’re
making a bare flag so the probabilities
are now starting to shift to about a
5050 right so 5050 of a potential break
down versus a bounce to the upside now
that’s again it’s a crapshoot it
literally is a crapshoot at this point
but as a technician I need to know that
we need to know that because again if we
were playing for a bounce on this then
we have to say wait a minute now it’s
not a slam dunk it’s more of a gamble
maybe we need to exit that position on
the long side now I’m not long oil in
fact but nonetheless if you were you’d
have to recognize that based on the
change in pattern formation next up
natural gas natural gas ran right into
the key resistance take a look at this
here’s your pivot high right to to here
and right to here it is pulling back
just a little bit but I still favor
honestly I still think we go up to this
220 to 225 level before we get any major
pullbacks in natural gas speaking of big
breakouts those two final charts I want
to show you one of my favorites right
here this is corn and this is something
by the way I have a commodity service
smart money Commodities and Miners And
this is a play that we actually have in
the service based on a breakout and I
want to show you this guys take a look
if we draw a trend line right in here
and look at what’s probably happening so
I love finding Commodities that are
beaten down still because again the the
solving the the best way to solve a low
price in a commodity is a low price
meaning that less people are planting
corn because it’s so so low they can’t
get a lot of uh money for it and
therefore scarcity starts to take back
over it drives the price back up but
look at the V bottom and like the the
handle right classic cup and handle
pattern are we starting to get a
breakout here it’s unconfirmed but it is
on my radar and then in our in our smart
money commodity service we have that
another one we have and I love this this
is just crushing it right now this is a
chart of wheat wheat also at the low end
of the chart but look at the wedge
pattern and look at the breakout we
broke out we retraced the scene of the
crime in the commodity service smart
money Commodities we bought right here
already in the money right there this is
just letting the charts speak to us and
that’s really all it is guys it’s it’s
shutting off what’s in here shutting off
what’s in here and really my gut
wherever you know my gut shutting off
your gut you know oh and my gut I really
think it’s no that’s BS all right that’s
just being honest guys no one cares the
market doesn’t care what’s in your gut
it’s about what the charts are saying
and that’s the key so on that note we’re
going to get going here I got to get to
the trading floor as always you guys are
awesome thank you so much for tuning in
don’t forget the question the question
guys what’s something key in today’s in
today’s um stream in today’s game plan
that you did not know what chart may be
struck what give me something from
today’s show that you were like dang I’m
glad I saw that today that would be
awesome I’ll look at the responses and
one of you guys will win three months of
smart money stocks and ETFs have a good
one take care
[Music]
[Music]

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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