In today’s episode of My Trading Game Plan, Chief Market Strategist Gareth Soloway breaks down the macro data shaking up the markets and maps out the critical chart levels you need to watch.
With geopolitical tensions between the US and Iran driving up oil prices and the 10-year yield stubbornly holding above 4.6%, the stock market is standing on increasingly shaky ground. Gareth explains the dangerous correlation between surging energy prices and elevated bond yields—and why a continued move higher in both is likely to trigger a massive stock market sell-off.
What is covered in today's Game Plan: The Oil & Yield Threat: How the ongoing Iran-US conflict is moving crude, Gareth's forecast for the next big oil move, and why the 10-year yield holding above 4.6% is the ultimate danger to the current market. Macro & Equities Breakdown: A deep dive into the technical charts for the S&P 500, the Nasdaq, and the US Dollar to prepare you for the next major directional move. Earnings Watch & Short Setups: A look at Home Depot’s neutral earnings reaction, plus why high-flyers like Palo Alto Networks and CrowdStrike are rapidly approaching highly shortable trading levels.
Commodities Check: The latest technical analysis and probability-based price forecasts for Gold, Silver, and Natural Gas.
Bitcoin Analysis: Key trade levels and structural chart analysis for BTC to help you position your crypto portfolio. With 27 years of professional trading experience, world-renowned macro analyst Gareth Soloway equips you with the charts, levels, and strategies to trade the markets without emotion. Tune in to level the playing field and trade like the pros!
