1/2/2026 - Daily Market Recap
$SIDU $SOPA $SLV $ZSL
TLDR: Red day to start the year as my SIDU ideas didn’t work, SOPA paid partial and I’m swinging the rest, and I picked up a silver short via ZSL that I’m holding over the weekend. Process and risk management stayed intact.
Post Market Review for January 2, 2026.
Starting the year off with a loss, which obviously isn’t how I wanted it to go. My ideas just didn’t work today. All I can do is manage risk, follow my process, and let the larger numbers play out over time. And not letting a lesson learned through a loss go to waste. Lets get into today’s action.
The market was pretty slow this morning with not much fresh momentum. Most of the focus was on a couple multi day runners from earlier in the week, mainly SIDU and SOPA.
SIDU had an amazing breakout on Wednesday and then surprised everyone by cracking hard into the close. This morning it was gapping up, so I was looking for a backside short with wider risk, trying to catch continuation back to the downside. I got short on the opening push. We got the initial move down, but it held and aggressively reclaimed highs. I stopped out in two tiers.
After it failed to make new overall highs, I took another short. Same story. It was showing weakness and then ripped back through highs again. I stopped out in two tiers for a second time. I didn’t want to chase it long without any real consolidation near highs, so I stayed patient. It traded above the prior HOD for a while but never really found momentum and eventually failed back underneath.
Given Wednesday’s late-day selloff, I thought there was a chance we’d see something similar into the close, so I took one more short. In hindsight that may have been too obvious, and it ended up being another short trap. This move is clearly being driven by strength in the broader space sector, so it may need more time before a real fade sets up. We’ll see where it’s trading on Monday.
SOPA was also gapping up and had a nice push in the morning to clear premarket highs. After that, it failed back under and started trending lower. I got short on the open range break. It traded lower briefly and then went sideways most of the morning. Around 1:00pm EST it broke to new LOD and hit my first target near 3.50 where I covered half. I’ll be swinging the rest and looking for deeper downside.
The only other trade I took was silver short via ZSL. I got long in the morning and I’m planning to hold it over the weekend in case we get a bigger breakdown during the Sunday overnight session.
Current swings I have on are ALAB, BE, LUNR, ONDS, and RDDT.
I’m excited for the new year and hopefully we get a continuation of the environment we saw in 2025 with plenty of opportunity. All I can do is show up, follow my process, and manage risk. If I do those things correctly on the day, then it’s a win, and the rest will take care of itself.
Happy New Year and good luck this year!