Gareth Soloway

Gotta love the triple witching options expiration 'news' at 3pm ET to push the markets back toward flat. Institutions don't want to pay out the puts tomorrow. Gotta try and maximize their profit. #ClassicOptionsExGames

Gold and silver in freefall. Been warning it was headed lower. As much as I love the precious metals in the long-term, near-term charts are in charge. A daily close below $70 on silver, means there is downside to $50-$54

@davelucas I allow "Verified" accounts to comment. Otherwise, the spam is insane and just horrible. Cheers!

I’ve noticed this morning that several X accounts I’m following have turned off the button allowing others to leave comments. IMHO the ability to interact is what makes X interesting

@davidlin_TV and I got into the latest forecast on gold and silver, macro and the stock market. It is all beginning.... youtube.com/watch?v=oEfO4q…

Micron (MU) selling in after-hours action. With oil near $100/bbl and inflation spiking, investors may be for another rough day tomorrow. Charts still remain very bearish.

S&P 500 ended at the lows of the day. A combo of high inflation seen in the PPI and Jerome Powell comments that inflation is not coming down like they hoped and the labor market is a continuing worry, triggered a dump.

February PPI (MoM) very hot, +0.7% vs +0.3% forecast. Inflation is back with a vengeance. This is on the producer side, so expect it to be passed to the consumer in the coming months. Note: This is before the market oil surge.

Futures drop sharply off their highs as oil spikes back to $96/bbl. Markets prep for a wild day with the Federal Reserve announcement and press conference, oil headlines and $MU earnings after the close.

Meta Platforms (META) plans to lay off up to 20% of their workforce as AI continues to take jobs. The savings will be used to build out more data centers that will end up taking more jobs. The this is just starting. Unemployment likely 10% within 5 yrs.

The table is set.

PCE inflation data release: PCE (MoM) +0.3% as expected. PCE (YoY) +2.8% vs. +2.9% expected. Mostly a non-event as since this data point concluded, oil has surged. 2nd reading of GDP (Q4) is cut in half to 0.7 vs 1.5. This is a sharp revision on US growth

Oil up sharply on further Iranian strikes on oil tankers. I am looking for oil to move back to $100 in the coming days, then inch into a short again.

.@GarethSoloway joins TheStreet's @cline_woods to reveal the key charts investors are missing — S&P 500, Bitcoin, and gold — and reveals exactly where he’s buying, selling, and hiding before the next big market move: #investing #bitcoin #stockmarket

CPI data reported in-line with expectations. CPI (MoM) +0.3%, CPI (YoY) +2.4%. Markets little to no reaction as everyone knows inflation is surging with the oil rally.

Oil still up over 10% on the day, but a far cry from the 20%+ it was overnight. Any daily crude oil close below $103.00 puts in a topping tail, major bearish reversal chart signal. On watch.

Non Farm Payrolls come in -92,000 vs the forecast of +50,000. Yields falling, not because oil is, but because economic strength calculations are dropping sharply. I still think stagflation is the base case now for the economy.

Western Alliance Bank (WAL) records a $126 million loan charge off. Financial crisis brewing under the radar imo. The holes may be able to be plugged in the near-term, but something bigger is going on.

Yields continue to surge, pricing in higher inflation as oil surges to $85/bbl. In 4 days, the jump in the 10 year rates is the equivalent to a 25+ bps Federal Reserve rate hike.

Oil surging as worries persist on the middle east conflict. However, technical analysis shows major resistance between $80-$81 per barrel. Oil just kissed this level, watching it closely.

Inflation expectations continue to increase, this can be seen in the 10 year yield, now jumping to 4.15% from 3.92% just last week. No fed rate cut is expected now until September. Oil + recent PCE & PPI are the culprit.