Market Update: Everything You Need To Know.
Updated Commentary, Key Levels, and more.
“The old sailor avoids the storm he cannot survive, and survives the storm he cannot avoid.” — Anonymous
We want to get this out ahead of Friday’s session, so everyone can get on board with what we’re looking at here.
After the week’s close, we’ll follow-up with a FULL-LENGTH report containing:
(1) Every major signal to watch for next week.
(2) Our updated ACTIONABLE execution plan.
(3) Thoughts on the roadmap ahead.
Markets are trading with extreme volatility.
The situation remains extremely fluid and with high risk.
These are max-difficulty conditions, but volatile markets create BIG opportunities.
We’ll touch on some opportunities today, the setup for risk, and build a foundation for the next reports.
Let’s begin:
PRECIOUS METALS
On February 1, I wrote:
My best case scenario for Silver at this time (subject to change) is perhaps a compressed bounce — maybe into $92-95 resistance.
Silver bottomed on February 2, and bounced to $92.20 on February 4.
On February 4, I sent an Urgent Alert on Precious Metals:
The bounce in Precious Metals may be over.
Silver is breaking down after failing at $92.
Aggressive traders could try a stop at today’s high on Silver plus $1 perhaps, or Gold, which could be a relatively tight risk control.
If these are going to go, they should not look back, in other words.
This morning, Silver collapsed to $70.91 — and is attempting another bounce:
At today’s low, Silver was down 47% in six days.
One of the most aggressive collapses ever seen, in any market:
Added to the mix of investor concerns:
Software, AI-disrupted stocks, and Crypto markets plunged this week.
This is a correlation-one Momentum Crash, and similar markets in history exhausted AND bottomed simultaneously (perhaps soon).
A classic deleveraging.
These are max-difficulty conditions, but volatile markets often create big opportunities:
Dip buyers have been seriously tested.
Eventually buyers will be right.
The only question is WHEN, and at what PRICE.
We’ll turn our attention to this question today, building a foundation for the next reports.
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