The David Lin Report

Why Are Markets Tanking? Trader Called Oil Spike, Reveals Next Explosion | Gareth Soloway

Mar 18, 2026
Guest
Gareth Soloway
Gareth Soloway, President and Chief Market Strategist at Verified Investing, known for chart-based market analysis. He revisits his oil breakout call and explains the technical signals behind it. He discusses possible near-term oil weakness, Bitcoin and gold setups, rising yields and credit stress, and stock risks including parabolic moves and AI-driven layoffs.
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INSIGHT

Chart Signals Preceded Oil Spike

  • Technical chart patterns signaled oil's breakout before geopolitics; Gareth spotted a downsloping trendline and a breakout on January 9th that preceded a spike to $120.
  • He expects the $120 high to be the peak and forecasts a 3–6 month drawdown toward $70–$80 as geopolitics and U.S. election considerations ease demand pressure.
ADVICE

Fade Panic Rallies With Counter Trades

  • Counter-trade explosive, panic-driven rallies by watching investor emotion and fading FOMO; Gareth shorted oil around $100 and exited into a pullback to $75–$80.
  • Use technical setups and sentiment (panic, FOMO) as triggers to take inverse positions rather than follow the crowd.
ADVICE

Don't Expect Quick Fed Rate Cuts On Hot PPI

  • Expect central banks to avoid immediate rate cuts when inflation prints remain hot; Gareth argues the incoming Fed chair likely cannot cut into a rising PPI trend.
  • Monitor PPI/CPI momentum and 10-year yields as constraints on easing; rising yields can tighten financial conditions even without Fed action.
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