Are markets on the verge of an epic collapse? In this Weekly Wrap-Up, Chief Market Strategist Gareth #Soloway recaps a brutal week for tech - semis got annihilated, some down 30-50% - and explains why he flipped from short to buying the bounces, even as he thinks the cycle top is in. Plus the S&P trendline, Apple as a short, and the top setups into next week.
📊 COVERED IN THIS EPISODE:
🔵 S&P 500 - Down ~1%; failed to reclaim the morning high (path of least resistance is down). Testing a bull-market trendline a possible third time - each hit raises the odds of a failed breakout
🔵 Nasdaq 100 - The week's laggard, heavily weighted to the collapsing semis vs. the diversified S&P
🔴 SanDisk (SNDK) - Down $1,000+ from highs 3 weeks ago; NOT yet in the buy zone - watch $1,285-$1,200 (the 0.618 fib) for a bounce
🔴 Micron (MU) - Roughly flat; tagged the upper support zone. The ideal spot is a flush to the ~$750 gap fill (~40% drawdown) - bounce odds jump to ~80%
🟢 Marvell (MRVL) - Into massive support; closed slightly green ~$188
🟢 Rigetti (RGTI) - Down ~50% into a gap fill and near double-bottom; a bounce expected next week
🟢 IonQ (IONQ) - Into a pivot line; Gareth is in it (starting small, averaging down)
🔴 SpaceX - Cratered to ~$123 (below insider pricing). More downside likely toward $100, where Gareth steps up, with big bounces along the way
🔴 Apple (AAPL) - A small gain but into massive trendline resistance after gaining $1T+ in ~3 weeks (nearing $5T). Gareth's favorite short - the semi-exodus flow should revert
🔵 NVIDIA (NVDA) - Holding ~$5T; key level ~$192-$193 - lose it and ~$165 is in play
🔵 Gold & Silver - Small gains; gold holding its trendline, silver bounced after kissing $54 support
🟢 Crude Oil - Higher into the weekend (Iran risk premium); a pullback likely Sun/Mon if nothing escalates, or a run to the $87 short level if it does
🔵 Natural Gas - A tiny gain, still holding its trendline; needs to push toward $3.00-$3.10
🟢 Bitcoin (BTC) - Dipped below key support then recovered to slightly green ~$64K - the best performer of the last two weeks, a possible recipient of semi outflows
🔑 KEY TAKEAWAY: The semiconductor bubble burst, and Gareth is buying the bounces (SanDisk $1,285-$1,200, Micron's $750 gap fill, Marvell, Rigetti, IonQ) while insisting the cycle top is in and lower prices lie ahead. His pair-trade: long the beaten-down semis, short Apple into resistance. The S&P trendline and NVIDIA's $192-$193 are the levels into next week.
⏱ TIMESTAMPS (estimated)
0:00 - Intro: A Brutal Week for Tech
1:30 - S&P 500: The Trendline & Breakdown Odds
5:00 - SanDisk, Seagate & Micron: The Buy Zones
11:00 - Marvell, Rigetti & IonQ: The Bounce Setups
14:00 - SpaceX: Below Insider Pricing
16:00 - Apple: The Favorite Short Into $5T
18:00 - NVIDIA: The $192-$193 Line
19:30 - Gold, Silver, Oil & Natural Gas
22:00 - Bitcoin: The Two-Week Outperformer
23:30 - Sponsor: Rumble Wallet
24:30 - Wrap-Up
https://www.youtube.com/live/WV3GcODmg3M?is=VszHIeSkE6O6ZYUo
📊 COVERED IN THIS EPISODE:
🔵 S&P 500 - Down ~1%; failed to reclaim the morning high (path of least resistance is down). Testing a bull-market trendline a possible third time - each hit raises the odds of a failed breakout
🔵 Nasdaq 100 - The week's laggard, heavily weighted to the collapsing semis vs. the diversified S&P
🔴 SanDisk (SNDK) - Down $1,000+ from highs 3 weeks ago; NOT yet in the buy zone - watch $1,285-$1,200 (the 0.618 fib) for a bounce
🔴 Micron (MU) - Roughly flat; tagged the upper support zone. The ideal spot is a flush to the ~$750 gap fill (~40% drawdown) - bounce odds jump to ~80%
🟢 Marvell (MRVL) - Into massive support; closed slightly green ~$188
🟢 Rigetti (RGTI) - Down ~50% into a gap fill and near double-bottom; a bounce expected next week
🟢 IonQ (IONQ) - Into a pivot line; Gareth is in it (starting small, averaging down)
🔴 SpaceX - Cratered to ~$123 (below insider pricing). More downside likely toward $100, where Gareth steps up, with big bounces along the way
🔴 Apple (AAPL) - A small gain but into massive trendline resistance after gaining $1T+ in ~3 weeks (nearing $5T). Gareth's favorite short - the semi-exodus flow should revert
🔵 NVIDIA (NVDA) - Holding ~$5T; key level ~$192-$193 - lose it and ~$165 is in play
🔵 Gold & Silver - Small gains; gold holding its trendline, silver bounced after kissing $54 support
🟢 Crude Oil - Higher into the weekend (Iran risk premium); a pullback likely Sun/Mon if nothing escalates, or a run to the $87 short level if it does
🔵 Natural Gas - A tiny gain, still holding its trendline; needs to push toward $3.00-$3.10
🟢 Bitcoin (BTC) - Dipped below key support then recovered to slightly green ~$64K - the best performer of the last two weeks, a possible recipient of semi outflows
🔑 KEY TAKEAWAY: The semiconductor bubble burst, and Gareth is buying the bounces (SanDisk $1,285-$1,200, Micron's $750 gap fill, Marvell, Rigetti, IonQ) while insisting the cycle top is in and lower prices lie ahead. His pair-trade: long the beaten-down semis, short Apple into resistance. The S&P trendline and NVIDIA's $192-$193 are the levels into next week.
⏱ TIMESTAMPS (estimated)
0:00 - Intro: A Brutal Week for Tech
1:30 - S&P 500: The Trendline & Breakdown Odds
5:00 - SanDisk, Seagate & Micron: The Buy Zones
11:00 - Marvell, Rigetti & IonQ: The Bounce Setups
14:00 - SpaceX: Below Insider Pricing
16:00 - Apple: The Favorite Short Into $5T
18:00 - NVIDIA: The $192-$193 Line
19:30 - Gold, Silver, Oil & Natural Gas
22:00 - Bitcoin: The Two-Week Outperformer
23:30 - Sponsor: Rumble Wallet
24:30 - Wrap-Up
https://www.youtube.com/live/WV3GcODmg3M?is=VszHIeSkE6O6ZYUo
YouTube
Are Markets On The Verge Of Epic Collapse? Top Setups Into Next Week!
🔗 Trade alongside the Verified Pro Traders in the Apex Live Day Trading Room: https://verifiedinvesting.com/products/apex-live-day-trading-room
🔒 SAFETY NOTICE: Gareth Soloway and the Verified Investing team will NEVER reach out to you on Telegram, WhatsApp…
🔒 SAFETY NOTICE: Gareth Soloway and the Verified Investing team will NEVER reach out to you on Telegram, WhatsApp…
Meta, Anthropic in talks for potential US$10 billion compute lease deal: source
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-anthropic-talks-potential-us10-billion-compute-lease-deal-source
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-anthropic-talks-potential-us10-billion-compute-lease-deal-source
The Business Times
Meta, Anthropic in talks for potential US$10 billion compute lease deal: source
The deal would help Meta diversify its income streams Read more at The Business Times.
More ships to call at S’pore? How the Iran war, tariffs are reshaping global sea trade
https://www.straitstimes.com/business/companies-markets/more-ships-to-call-at-spore-how-the-iran-war-tariffs-are-reshaping-global-sea-trade
https://www.straitstimes.com/business/companies-markets/more-ships-to-call-at-spore-how-the-iran-war-tariffs-are-reshaping-global-sea-trade
The Straits Times
More ships to call at S’pore? How the Iran war, tariffs are reshaping global sea trade
Geopolitical disruptions, including the Iran war, have redrawn shipping routes, and this could lead to more ships calling in Singapore in the future. Read more at straitstimes.com. Read more at straitstimes.com.
We are the last generation of managers who manage only humans: Salesforce S-E Asia CEO
https://www.straitstimes.com/business/we-are-the-last-generation-of-managers-who-manage-only-humans-salesforce-s-e-asia-ceo
https://www.straitstimes.com/business/we-are-the-last-generation-of-managers-who-manage-only-humans-salesforce-s-e-asia-ceo
The Straits Times
We are the last generation of managers who manage only humans: Salesforce S-E Asia CEO
Salesforce S-E Asia CEO discusses how AI is changing management, urging adaptation for the future of work. Read more at straitstimes.com. Read more at straitstimes.com.
AI frenzy fills Asian airlines’ cargo bays with semiconductors
https://www.straitstimes.com/business/ai-frenzy-fills-asian-airlines-cargo-bays-with-semiconductors
https://www.straitstimes.com/business/ai-frenzy-fills-asian-airlines-cargo-bays-with-semiconductors
The Straits Times
AI frenzy fills Asian airlines’ cargo bays with semiconductors
The surge in demand comes on the back of a worldwide race to build AI data farms and other infrastructure. Read more at straitstimes.com. Read more at straitstimes.com.
RTS Link to spur S’poreans to spend $1 billion more in JB a year: Study
https://www.straitstimes.com/business/sporeans-to-outspend-jb-visitors-by-294m-once-rts-link-opens-study
https://www.straitstimes.com/business/sporeans-to-outspend-jb-visitors-by-294m-once-rts-link-opens-study
The Straits Times
RTS Link to spur S’poreans to spend $1 billion more in JB a year: Study
A new study projects Singaporeans will outspend Johor Bahru visitors by $294m once the RTS Link opens, impacting retail and F&B sectors. Read more at straitstimes.com. Read more at straitstimes.com.
🐳 WhalePool Traders Journal
US.Day.Ahead-2026.07.17-Fri.pdf
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#WeekAhead by Reuters, Investopedia & Yahoo Finance
#Chart of the Day by Yahoo Finance
#Earnings by Earnings Whisper
#USMarketUpdate by Reuters, CNBC and Yahoo Finance
#TradingDay #MarketMind by Reuters
#MarketsWrap by Bloomberg
#SgMarketUpdate by Business Times
#HKMarketUpdate by Reuters and Trading Economics
#Chart of the Day by Yahoo Finance
#Earnings by Earnings Whisper
#USMarketUpdate by Reuters, CNBC and Yahoo Finance
#TradingDay #MarketMind by Reuters
#MarketsWrap by Bloomberg
#SgMarketUpdate by Business Times
#HKMarketUpdate by Reuters and Trading Economics
The S&P 500 is breaking the earnings playbook
https://finance.yahoo.com/markets/article/the-sp-500-is-breaking-the-earnings-playbook-chart-of-the-day-115602014.html
https://finance.yahoo.com/markets/article/the-sp-500-is-breaking-the-earnings-playbook-chart-of-the-day-115602014.html
Yahoo Finance
The S&P 500 is breaking the earnings playbook: Chart of the Day
The S&P 500 is in an earnings boom — but the usual earnings bust never came.
#WeekAhead
Wall St Week Ahead Alphabet, Intel results in focus for AI trade as US earnings rev up | Reuters
SUMMARY
Alphabet spending plans in focus in Wednesday resultsIntel, Texas Instruments to report, with semis trade in spotlightTesla, American Express, RTX among other reports due
NEW YORK, July 17 (Reuters) - U.S. corporate earnings season gathers steam in the coming week as Alphabet (GOOGL.O), opens new tab and Intel (INTC.O), opens new tab are set to offer updates that could sway the market-leading AI trade amid high profit expectations and uncertainty over the Iran war.
The S&P 500 (.SPX), opens new tab skidded on Friday to post a weekly decline, dragged down by a steep pullback in high-flying semiconductor shares. Still, the benchmark S&P 500 remained up about 9% in 2026, and stood 2% below its early June record high.
https://www.reuters.com/business/wall-st-week-ahead-alphabet-intel-results-focus-ai-trade-us-earnings-rev-up-2026-07-17/
Wall St Week Ahead Alphabet, Intel results in focus for AI trade as US earnings rev up | Reuters
SUMMARY
Alphabet spending plans in focus in Wednesday resultsIntel, Texas Instruments to report, with semis trade in spotlightTesla, American Express, RTX among other reports due
NEW YORK, July 17 (Reuters) - U.S. corporate earnings season gathers steam in the coming week as Alphabet (GOOGL.O), opens new tab and Intel (INTC.O), opens new tab are set to offer updates that could sway the market-leading AI trade amid high profit expectations and uncertainty over the Iran war.
The S&P 500 (.SPX), opens new tab skidded on Friday to post a weekly decline, dragged down by a steep pullback in high-flying semiconductor shares. Still, the benchmark S&P 500 remained up about 9% in 2026, and stood 2% below its early June record high.
https://www.reuters.com/business/wall-st-week-ahead-alphabet-intel-results-focus-ai-trade-us-earnings-rev-up-2026-07-17/
Trump Media pitched $100,000 monthly fee for fastest feed of U.S. president's posts, sources say
https://www.cnbc.com/2026/07/18/trump-media-pitched-100000/month-fee-for-fastest-feed-of-trump-posts.html
https://www.cnbc.com/2026/07/18/trump-media-pitched-100000/month-fee-for-fastest-feed-of-trump-posts.html
CNBC
Trump Media pitched $100,000 monthly fee for fastest feed of U.S. president's posts, sources say
Trump Media & Technology Group has in recent weeks also pitched a discounted plan of $60,000 per month if the firms sign up for a three-year plan.
July 24th: The Day China Reveals Gold’s Real Price", and it was created by The #JayMartin
#jaymartinbc
China is shutting down paper gold. On July 24, 2026, some of the largest banks on Earth — ICBC, the Postal Savings Bank, Ping An — stop letting their everyday customers trade it, all in the same narrow window, and Jay argues this isn't about protecting investors from volatility. It's the moment China starts finding out what gold is actually worth. In this episode, Jay traces the setup back to a room inside the Bank of England where, in March 1968, the floor physically gave way under the weight of the gold stacked on top of it — the same week a defended paper price collapsed into two prices and a whole new monetary system. This is a look at what happens when the paper price of gold breaks away from the real metal, why central banks are quietly trading their U.S. Treasuries for bullion at a record pace, and how China built the machine to force the question on purpose.
00:00 — The Banks Shutting Down Paper Gold
00:55 — The Official Story, and Why Jay Doesn't Buy It
01:29 — 1968: The Floor Gave Way at the Bank of England
02:23 — The $35 Promise
04:01 — The London Gold Pool
04:52 — The Run on Gold: 5 Tonnes to 1,000
05:16 — The Bank Holiday and Two Prices
06:23 — What Paper Gold Actually Is
07:31 — Ten Claims Per Ounce
08:49 — Test #1: Watch for Two Prices
09:40 — Test #2: Watch the Smart Money
11:08 — Your Grocery Bill, 1976 vs Today
14:37 — China's Three-Part Replacement
16:50 — "Priced in the West": They Told Us in 2014
17:13 — What Happens on July 24
18:04 — The Two Things to Watch
https://youtu.be/hHNDgjan15c?is=L9iG55ksPEQu0u1X
#jaymartinbc
China is shutting down paper gold. On July 24, 2026, some of the largest banks on Earth — ICBC, the Postal Savings Bank, Ping An — stop letting their everyday customers trade it, all in the same narrow window, and Jay argues this isn't about protecting investors from volatility. It's the moment China starts finding out what gold is actually worth. In this episode, Jay traces the setup back to a room inside the Bank of England where, in March 1968, the floor physically gave way under the weight of the gold stacked on top of it — the same week a defended paper price collapsed into two prices and a whole new monetary system. This is a look at what happens when the paper price of gold breaks away from the real metal, why central banks are quietly trading their U.S. Treasuries for bullion at a record pace, and how China built the machine to force the question on purpose.
00:00 — The Banks Shutting Down Paper Gold
00:55 — The Official Story, and Why Jay Doesn't Buy It
01:29 — 1968: The Floor Gave Way at the Bank of England
02:23 — The $35 Promise
04:01 — The London Gold Pool
04:52 — The Run on Gold: 5 Tonnes to 1,000
05:16 — The Bank Holiday and Two Prices
06:23 — What Paper Gold Actually Is
07:31 — Ten Claims Per Ounce
08:49 — Test #1: Watch for Two Prices
09:40 — Test #2: Watch the Smart Money
11:08 — Your Grocery Bill, 1976 vs Today
14:37 — China's Three-Part Replacement
16:50 — "Priced in the West": They Told Us in 2014
17:13 — What Happens on July 24
18:04 — The Two Things to Watch
https://youtu.be/hHNDgjan15c?is=L9iG55ksPEQu0u1X
YouTube
July 24th: The Day China Reveals Gold’s Real Price
China is shutting down paper gold. On July 24, 2026, some of the largest banks on Earth — ICBC, the Postal Savings Bank, Ping An — stop letting their everyday customers trade it, all in the same narrow window, and Jay argues this isn't about protecting investors…
❤1
While You Were Sleeping: 5 stories you might have missed, July 19, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-19-2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-19-2026
The Straits Times
While You Were Sleeping: 5 stories you might have missed, July 19, 2026
While You Were Sleeping: 5 stories you might have missed, July 19, 2026. Read more at straitstimes.com. Read more at straitstimes.com.
#Bloomberg
At the 2026 World Artificial Intelligence Conference China's Moonshot AI unveiled its Kimi K3 model, intensifying concerns that Chinese developers are rapidly narrowing the AI gap with US rivals while offering lower cost. Bloomberg News China Correspondent Minmin Low and Bloomberg News Technology and Strategic Industries Senior Editor Mike Shepard join Bloomberg This Weekend and discuss how more open models are forcing investors to reassess massive spending on AI infrastructure
https://youtu.be/8v5T7Gk0_b8?is=Ku7SPLelAKn5-Zl2
At the 2026 World Artificial Intelligence Conference China's Moonshot AI unveiled its Kimi K3 model, intensifying concerns that Chinese developers are rapidly narrowing the AI gap with US rivals while offering lower cost. Bloomberg News China Correspondent Minmin Low and Bloomberg News Technology and Strategic Industries Senior Editor Mike Shepard join Bloomberg This Weekend and discuss how more open models are forcing investors to reassess massive spending on AI infrastructure
https://youtu.be/8v5T7Gk0_b8?is=Ku7SPLelAKn5-Zl2
YouTube
Chinese AI Model Raises Pressure on US Spending
At the 2026 World Artificial Intelligence Conference China's Moonshot AI unveiled its Kimi K3 model, intensifying concerns that Chinese developers are rapidly narrowing the AI gap with US rivals while offering lower cost. Bloomberg News China Correspondent…
Big Tech earnings will test tech's big rotation
https://finance.yahoo.com/markets/article/big-tech-earnings-test-techs-big-rotation-what-to-watch-this-week-122359843.html
https://finance.yahoo.com/markets/article/big-tech-earnings-test-techs-big-rotation-what-to-watch-this-week-122359843.html
Yahoo Finance
Big Tech earnings test tech's big rotation: What to watch this week
Earnings results from Alphabet and Tesla headline a busy week, amid a chip sell-off and a conflict in Iran that keeps geopolitics simmering and oil prices rising.
China’s Moonshot plans IPO in 6 months after AI breakthrough
https://www.straitstimes.com/business/chinas-moonshot-plans-ipo-in-6-months-after-ai-breakthrough
https://www.straitstimes.com/business/chinas-moonshot-plans-ipo-in-6-months-after-ai-breakthrough
The Straits Times
China’s Moonshot plans IPO in 6 months after AI breakthrough
An IPO would mark a milestone for the fast-growing startup co-founded in early 2023. Read more at straitstimes.com. Read more at straitstimes.com.
While You Were Sleeping: 5 stories you might have missed, July 20, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-20-2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-20-2026
The Straits Times
While You Were Sleeping: 5 stories you might have missed, July 20, 2026
While You Were Sleeping: 5 stories you might have missed, July 20, 2026. Read more at straitstimes.com. Read more at straitstimes.com.
What IBM, Micron, and Sandisk all have in common
https://finance.yahoo.com/markets/article/what-ibm-micron-and-sandisk-all-have-in-common-123000163.html
https://finance.yahoo.com/markets/article/what-ibm-micron-and-sandisk-all-have-in-common-123000163.html
Yahoo Finance
What IBM, Micron, and Sandisk all have in common
A week of tech stock crashes!
Netflix's growth slowdown exposes a classic shareholder trap: #Chart of the Day
https://finance.yahoo.com/markets/article/netflixs-growth-slowdown-exposes-a-classic-shareholder-trap-chart-of-the-day-120918891.html
https://finance.yahoo.com/markets/article/netflixs-growth-slowdown-exposes-a-classic-shareholder-trap-chart-of-the-day-120918891.html
Yahoo Finance
Netflix's growth slowdown exposes a classic shareholder trap: Chart of the Day
Netflix is still growing. Investors just stopped paying a tech price for it.