Sunday Review + Watchlist 2/1/26
Market Recap
Gold and silver completely hijacked the tape this week. They both went parabolic, which culminated on Friday with a violent reset. Silver crashed about 30% in one of its worst single sessions on record, turning the whole precious-metals complex into pure momentum instruments rather than “hedges.” SLV 0.00%↑ 0DTE puts went multi-thousands of percent, probably the trade of the year.
Everything else was almost background noise by comparison. The S&P 500 finished the week slightly green, the Nasdaq slipped a bit as big tech sagged, and small caps (Russell 2000) cooled off after their hot January run. Crypto felt the risk‑off vibe too, with Bitcoin breaking below 80K over the weekend, while a stronger dollar after Trump’s Kevin Warsh Fed pick added pressure on growth and shiny‑stuff trades at the same time.
We saw big fades across the board on low floats this week, starting with BATL, which gapped up over 400% and then unwound more than 60% over two sessions, setting the tone for a very backside-friendly tape. NUWE, IVF, MRNO, PDYN, SER, FAT, TWNP, and VIVS all gave classic day-one exhaustion moves that faded hard once morning strength stalled, rewarding patient entries rather than early stabs into strength.
On the multi-day side, NAMM offered clean trades both directions with an initial breakout long then a textbook short once it failed the breakout, while BNAI’s huge Monday run and big bottom wick led into a later-week breakout and then an FBO-style rollover very similar to NAMM’s structure. TIRX closed strong on day one, only to be down 90% the next session after dropping a $5M registered direct offering at $0.13. FEED punished stubborn shorts by holding up on day one, squeezing into a big day-two extension, and finally delivering the short on day three after the failed breakout confirmed the top.
Watchlist
SLV 0.00%↑ After its historical and violent pullback on Friday I think looking for a short term bounce makes sense. Ideally gaps down on Monday to retest lows then started building. A bounce to the 50% retracement doesn’t seem all the crazy.
SNDK 0.00%↑ Big earnings gap on Friday after an already extended daily run got sold off on high volume. I think any bounce will be met with selling short term as we reset from this huge run.
HYMC 0.00%↑ Precious metals miner stock with more room to fade. Will need to see how the action is next week to make a gameplan.
TSLA 0.00%↑ Notable relative strength on Friday while the markets were volatile. Fake breakdown and reclaim under $420, similar sequence to Jan. 21. Will look for continuation long.
PLTR 0.00%↑ Palantir has been selling off with the broad weakness in software, and now down 4 days in a row into some support. A relief bounce is not out of the question. However, they report earnings on Monday after the close.
In terms of swing trades, my foot is off the gas on new positions as the QQQ put in a double top and is not looking very constructive at the moment.
That’s all for now. Will see what shows up in the morning. Happy Sunday everyone!