1. Markets have come under some early pressure today so it will be important to see how the major stock indexes close. It will also be important to see the volume by the end of the day as well. Lately, every market dip has been a buying opportunity, but all trends eventually come to an end. Russell is down 1.52% and Nasdaq is down as well. Very important 1-2 punch. See what the close is like. Caution is the byword. We could very well be approach a top. It’s a process. Tops are rounded and tougher to identify. Nick’s been getting distribution signals. VIX is heading up today.

2. This Friday is options expiration for February. Often, there is a lot of institutional game playing into the end of the week. Remember, the institutions already know where they want to place a stock by the end of the options expiration and it's usually not favorable to the retail options trader. Institutions can move stocks any way they want for 4-5 days. This just monthly at an interesting time period. Not favorable to retail options traders.

3. Gold/Silver the charts are saying more backing and filling. Gold is heading to low 1700’s and there will be more testing. Silver is much stronger than gold. Silver is the place to be.

1 Markets are up across the board. Light volume holiday hangover. Green across the board, gap open but’s it retracted a bit. Russell is neutral. Let’s see what the volume does. Most often there’s light volume after a holiday weekend. At this point anything is possible. We could be seeing distribution.

2. Copper is on fire and has been one of the strongest asset classes around. It has hit and exceeded most of Nick’s measures. Now it’s overbought. It could hit $4 and then pullback, but Nick has exited his copper positions. It’s nearly doubled since March. The trend is up. No sell signal yet, but it is parabolic. It will happen. It’s going higher but without Nick. Lots of chatter about infrastructure move. Looks like what gold did in August.

3. Gold/Silver gold sold off of the open but has recovered and now is down 12. Silver had a wild nights. This is what gold does, when you get that big move early in the morning. Some more backing and filling. This is what it does. Always some gameplaying going on.

1. We are looking at a mixed market today, but it's really just a flat session. Markets are holding up well as light volume kept things buoyant this week. The trend is still up despite lots of froth out there and that is really all that matters. Disney earnings and a few others. Nothing really dramatic for now. Stick with trend. Russell is up .2, yesterday it took the day off. Vaccine has set off a rush by the Blue States to reopen. The damage that has been done and the debt loads and by stalling the reopening for so long has only made things worse. Big national economies are shut down. It can’t repaired in the short run. California looking at a recall of their governor.

This is obviously a Friday, which is the last trading day of the week. The markets are closed on Monday for the Presidents Day holiday. So I would generally expect light volume today ahead of the long weekend. 

2. Gold/Silver quiet day in the metals. Silver is acting well. Gold is a weaker chart. Silver has been much stronger and up 1.25% today.

1. Markets are still holding up well today. The Russell 2000 index (IWM) is once again the strongest index out there. Remember, the Russell 2000 represents small cap stocks in the United States. This index has been a good leading indicator and is up 16.0% this year. The problem here  is that the Russell 2000 is extremely overbought and parabolic. Unfortunately, all parabolic moves are eventually subject to sharp sudden declines. The SPACs are proliferating. Market top? Micro-cap biotechs just another example. Massive dash for trash. Nick’s been a leading advocate for small traders. Be careful.

2. Crypto mania is going on right now and it is being led by Elon Musk cheerleading. This will get very interesting soon as the bitcoin chart is also turning into a parabolic formation.  Crash coming. Everyone’s chasing the same pot of gold. Not necessarily the typical stock traders. Watch the weak hands holding it. Just like GME. Recognize the chart pattern. Greed always kicks in.

3. Vix showing complacency. Nick hit a small homerun on 1-27. Keep an eye on it. It’s a spike index. It’s 21.80, hit 20 yesterday.

3. Gold/Silver backing and filling doing nothing Silver is a better chart than gold.

1. Markets are all trading higher this morning. The Russell 2000 Index (IWM) is continuing to lead the indexes on a percentage basis today (+2.50%). As I've said before, the Russell 2000 Index (IWM) is a great leading indicator. Should the Russell 2000 every reverse then you really want to be careful. So far, no problems yet. Nasdaq almost 1%. Dow and S&P were laggards. On extremely light volume. Spydr volume was just 37.5 million shares. No 100 million days here.

2. Bitcoin and the crypto currencies are soaring today after Elon Musk said that Tesla (TSLA) invested $1.5 billion in bitcoin. Bitcoin is trading at new all time highs up 18% today at $45,450. Chart pattern looks good and volume was okay.

3. Gold/SIlver Good rebound from their recent hammering. Buying opportunity coming up, more later. Will we take out the February 4 low and then go to 1700?

1. Today, the major stock indexes are up slightly, but the Russell 2000 Index (IWM) is higher by 1%. Remember, the Russell 2000 Index represents small cap companies in the United States. As long as the small caps rally it is a good sign that the market can continue to move higher. The Russell 2000 is a great leading indicator. So traders must keep an eye on it. A little bit of a scare last week. Complacency rules. The first dip with this type of trend is almost always a buying opportunity. When the Russell chokes, beware. January is a tough month, people carrying positions from year earlier for tax purposes, window dressing, etc. It usually gives a rally or flush. Classic what we’re seeing this year. Right now it’s all good, but get ready. Exercise cautious optimism. Always take profits. Take first profit when Nick hits his first target and then take profit at the second target. Take your initial stake and let it ride. Don’t be afraid to get out of a losing trade.

2. Earlier today, the non-farm payroll report was released by the Bureau of Labor Statistics. The report showed a gain of just 49K, the expectations were for 50K. The January Unemployment Rate was 6.3% vs. 6.7%. Overall, there is still a lot of work to do here, but as these blue states open up things should get better on the job front. Now the dictators are starting to reopend.

3. Gold/Silver are reclaiming some losses from yesterday. Gold Futures up 1.3%. Silver up. Pattern needs time to complete. 24.5-25 is current support for silver. 20-22 represents a huge buying opportunity, potentially. $4000 gold and $120 silver. How high they can go we never know, but 2025 is potentially a key year.

1. For a second day in a row we are seeing the markets rally. The catalyst seems to be the unraveling of Gamestop (GME) and the heavily shorted stocks that were getting short squeezed. As these stocks have come down the markets have actually rallied higher. The markets seem to be rejoicing that they are back to normal, but are they really? Are things really back to normal. GME slaughter taking place. Buyers taking profits. People knock the shorts, but the reality is that the pattern went parabolic and it was destined to come back. Mastermind genius plan and it worked. For a while, but who wouldn’t take their money off the table. Mid-80’s. Get in early and get out. Believe the pattern. The Dash for Trash.

2 Gold/Silver The Empire Stikes Back - The biggest vulnerability in the Silver market is SLV. 30 million ounces added on Friday, where’s the metal? Viral video aside, silver is going higher. The CB’s will keep printing money and that’s why gold and silver are bullish. Wasn’t a good setup for the eventual breakout. When was the last time you sold off an ounce? The emerging monetary system will have gold/silver involvement.

1. This morning, the major stock indexes are trading up a little after being pounded on Friday. The talk of the town is still about these reddit boards or really Wallstreet bets. Now this group is pushing silver as the next great short squeeze. I really dont think this is a great short squeeze play, but I do think silver has all the reasons in the world to go higher eventually anyway. 

2. Shortsqueeze Stocks Gamestop AMC and Silver. In Nick’s opinion its Thursday parabolic move to 500 and today as of this show it’s trading at $235. Robinhood is just trying to stay alive. Their liquidity was threatened last week. They didn’t think this could happen. They needed to recapitalize $1 billion last week. There are bigger players working their game behind the scenes. Many hedgefunds are taking a hit now. Nick wasn’t able to borrow shares to short it.

3. Gold/Silver SLV will not become a closed end fund. They want it to trade like a stock. The metal is pouring out of the Comex vaults as it becomes a delivery market. We’ve known for years that manipulation has been going on. If we take out certain levels, this thing could really take off. Reddit gets credit but silver has been showing higher relative strength compared to gold. If it takes out $30 then $35 could be next. After that it’s $40 and $45 and old highs will be tested.

4. Bitcoin vs. Precious Metals - The grid may go down but silver and gold will always be around and they’ll be money.

1. Gamestop (GME) & AMC Entertainment (AMC) are the talk of the town right now. Yesterday, the popular brokerage firm, Robinhood, restricted trading in GME, AMC and a bunch of other highly shorted stocks. This news caused a major drop in GME stock yesterday. Then before the closing bell yesterday, Robinhood announced that they would allow GME and others to trade again. Earnings from FB, Apple, etc. Weekly expiration. Everything is on the table.

It amazes me that Robinhood and Gamestop are the names that are involved here in this Wall Street drama. Personally, the brokerage firms should just let these stocks trade and let price go where they will, but there are obviously some big players (hedge funds) and select brokerage firms that are in trouble here. It’s all about the brokers.That is why so many people of importance are stepping in. Where are the hedges on their portfolios? Do they exist. Very similar to Hunt Brothers in 1980. The Treasury, The Fed and Wall Street. Naked shorts are most vulnerable. Who will be left to pay the margin calls.

2. Gold/Silver nice pop in gold futures 1%, silver futures up 5%. All the great moves in the market came during short squeezes, built-in demand. Will it happen for precious metal. It’s a new era.

3. What will be the next Gamestop? Time to cash in on these stocks.