Ideas
S&P downside favored; avoid dip buying
Gareth expects U.S. equities to face more downside because the S&P is at the top of a broad parallel trend channel and its 23x forward P/E is historically rich while repeated failed gap-ups show institutions distributing into retail FOMO. The weak jobs report, rising unemployment/underemployment, inflation uptick, hawkish Powell and tariffs create stagflation-like pressure; he would not buy the dip and expects a slow grind lower over 6-12 months as consumer weakness hits earnings.
10-year yield breakdown signals weakness
The 10-year Treasury yield dove and broke a major support trendline, which he reads as the market recognizing a weakening economy and likely Fed rate cuts. He notes the Fed controls the short end but can influence the long end, making this a key macro setup to monitor.
Bitcoin bearish to 110-111k support
He has been bearish and views recent price action as a bear flag with a topping-tail bearish reversal; Bitcoin trades with Nasdaq risk assets and is breaking down. Major support is 110,000-111,000; if bulls hold there, he would reevaluate, but a break opens much lower. He remains neutral-to-bearish down to that zone, while a close above the topping-tail high near 123,200 would invalidate the bearish setup and likely trigger a move into the 130s.
Buy gold dip near 3140
Gold broke a wedge to the downside and the wedge lines now act as major resistance near 3,400; he expects near-term rejection and one more dip. Longer term he is bullish due to money printing and debt, targeting 4,000-6,000, and plans to accumulate around 3,140 support in the pivot high/low zone.
Buy copper bounce near 420
After exiting a prior copper short, he is eyeing a long swing trade. Connecting the October 2023 and April lows gives support around 420 on COMEX; if copper reaches that level he would buy for a technical bounce, otherwise he waits.
Buy platinum/palladium on pullbacks
Platinum ran up 68% from April to July, which he sees as a flagpole; he wants to buy the pullback into the 1,090-1,172 zone. Longer term, he thinks all metals rise due to money printing and debt, and he views platinum and palladium as rarer than gold and attractive fiat-currency offsets.
Debt and printing lift all metals
He remains long-term bullish on all metals because money printing, U.S. debt and global debt should eventually drive them higher. This broad metals view underpins buying pullbacks in precious and industrial metals.
Short oil; target $60 support
He shorted oil after it rejected a former bear-flag trendline; he expects lower prices because a weakening U.S. economy and tariffs reduce demand. He sees support at $60 and an ultimate target near $53, but plans to take profits around $60 rather than aggressively target $53.
Dollar bounce from 98 to 100.75
The dollar broke its downtrend and formed higher low/higher high plus an inverse head-and-shoulders, so the near-term trajectory is bullish. He would go bullish around 98 on a pullback, expecting a move up to the 100.75 trendline before reevaluating; he sees limited upside.
Semiconductors face 10-15% correction
Semiconductors have become overextended after incredible moves and are starting to correct. He expects the pullback to continue, potentially 10-15% off the highs, and would reevaluate after that.
Chinese stocks attractive on low valuations
Chinese stocks look very attractive because valuations are low while the broader U.S. market is expensive and pricey. He is looking for cheap sectors and countries in an expensive market.
Buy drug stocks on fear
Drug stocks are among the cheapest areas after being hammered by administration pricing rhetoric. He thinks fear creates opportunity and expects the group to outperform.
Pfizer dividend and chart attractive
Within cheap drug stocks, he specifically likes Pfizer's dividend and its location on the chart, expecting it to outperform along with Merck and other out-of-country stocks.
This The David Lin Report video, published August 01, 2025,
features Gareth Soloway
discussing SPY, 10-Year Treasury Yield, BTC, GLD, COPPER, PPLT, PALL, XME, WTI, DXY, SMH, FXI, PPH, PFE.
13 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Gareth Soloway
· Tickers:
SPY,
10-Year Treasury Yield,
BTC,
GLD,
COPPER,
PPLT,
PALL,
XME,
WTI,
DXY,
SMH,
FXI,
PPH,
PFE
