Page menu

Friday, January 30, 2026

Gold/Silver Flash Crash, Nasdaq Tumbles -2% ($MSFT -12%), Tesla Bounces Out of the Pocket

Let’s start with the precious metals circus, because it was almost comical yesterday. No sooner than I called it a "speculative bubble" - in yesterday's update [link] - gold and silver straight-up flash-crashed like it owed someone money. 
I also warned about the bagholder risk in the $SPX, and when the music suddenly stopped traders who were relying on the 15 min chart for support suddenly had the rug pulled. Is short term support broken? Damn right it is! I’m not pounding my chest here, but the timing lined up nicely. No dollar collapse, no hyperinflation trigger – just a classic speculative unwind. I was posting the real-time laughs as it unfolded:Peter Schiff has since deleted that tweet, but his legacy lived on😅


Update on Silver this morning:  I jest but this trading the way it's meant to be! 
Then, right on schedule, almost immediately - 1 hour later - the dip buyers piled in and prices snapped right back, with Gold futures actually making new highs, and the Dow closing nearly UNCH. Nothing suspicious about that bounce at all (sarcastic), although it is textbook wave 2 behavior in Elliott Wave terms: sharp selloff, panic, then reflexive FOMO covering and dip-buying that sucks everyone back in thinking it’s “healthy.” Sure, most of what you learned in old-school Elliott Wave circle-jerks (mostly hog-wash) strict rules and guidelines, and bearish patterns that no longer work like they did, pre-algos, pre QE infinity, pre-PPT (plunge protection team), but the one thing never changes: human nature. The meat puppets still FOMO buy every dip like it’s going out of style. And that brings me to the broader market.
Yesterday’s open was brutal across the board – Nasdaq down -2%, led by Microsoft getting absolutely scorched -12% (worst day since the Covid crash). 
Futures are soft again this morning, with some headlines blaming “Trump's pick for new Fed puppet”, or Apple, but I think it's just a little wobbly, after yesterday's chaos. 
$SPX update: The 15-minute chart we were watching cracked almost instantaneously, triggering the initial spill. Seeing more weakness this morning, but yesterday's low becomes key support. I have a good idea where I think the $SPX is going over the next few months, but I'm not showing my hand, as usual. Directly from the 3xtraders playbook: "Loose lips sink ships".  
Bright spot: Tesla ($TSLA) - the one they love to hate 😅
Bouncing out of the pocket I highlighted, near the lower end of the range. Boring, right? I still like it here short-term. Longer-term, though, don’t sleep on that bigger topping pattern from yesterday’s blog – and all the xAI/SpaceX merger chatter feels more like desperation than creative expansion. The latest $XOM sold on good news. This seems to be the new trend looking at Apple as well. 


 Stay sharp out there – volatility is serving up plenty of opportunities, as well as plenty of traps.
Posted by at No comments:

Thursday, January 29, 2026

PsyOps Alert: $USD Dip, Silver Rug, Trump Accounts Timing, Tesla H&S

I'd probably get more clicks if I was forecasting $10,000 Gold, but I'm not laying any clickbait landmines today. Today's Topics Include several MSM PsyOps: 

Technical Tuesday: Highly Publicized US Dollar "Crash" (I'm not calling it that, the MSM is..)  

Wednesday: SPX kisses the 7000 level, where it's immediately sold. Why?  

The Fed stands pat removing the, "downside risk to the Jobs market", phrasing (that's Hawkish).  

Trump holds a "Summit" (more like a ceremony) to launch his baby welfare program (aka Trump Accounts) -on the same day the FOMC rendered their decision NOT to lower interest rates—mind you.       

Some economists view it as fiscal stimulus (~$1K per eligible newborn, potentially $16B total), as per Grok/AI

My Take on That Trump PsyOp 

The timing of the Trump accounts ceremony, coincided with the fed decision to not lower the lending rate, is being used as an excuse to inject money into the failing financial system, when the Fed refuses... If it wasn't hidden in plain sight, and highly publicized, I might call it "covert".

The program doesn't even start until July, 4th, so why is my timeline being flooded with this news this morning? 

Trump Accounts Give Newborns $1,000 Stock Market Seed 

Translation we're set to juice the stock market right here, at the all time highs 

Funny I don't remember voting for socialism in the form of baby welfare 😠 

The Dollar Crash and the Silver PsyOp 

7 days ago - Jim Cramer pumps "best" silver miner—Considers Pan American Silver the “Best Silver Mining Company” [link]

3 days later: Jim Cramer slams 'ridiculous' silver rally 

Same evening: CNBC Fast Money chart master calls Silver a "sell" (short).

Sounds like the same folks who helped drive metals into a speculative bubble, are ready to raise some much needed cash, just ahead of (tech) earnings season. Question is, will we see an even bigger cash raise, now that retail investors have their hearts set on the $SPX 7000 target? In other words; are investors going to be left holding the bag, as I warned in the previous blog [link]  These rug-pulls aren't isolated—watch for similar setups in big tech as earnings ramp.


All I can tell you is to continue to trust the 15 minute chart, for as long as it keeps working.  
 Tesla reported yesterday, and what better stocks to highlight in today's blog. It continues to trade below it's 2024 highs, trading in a bearish head & shoulders pattern. There's also a nested H&S pattern within the larger pattern. 
I don't like stocks that consolidate in the top of the range for a year, and especially this one trading at the same level it was a year ago. 
Bear Case Exhibit A: 
$TSLA (Tesla) Bearish Head & Shoulders Pattern (s) highlighted 

Market seems to be more concerned with driving $META higher - another name to watch. 
 Take care, AA 


Posted by at No comments:
Subscribe to: Comments (Atom)