Insider Tips - Weekly Stock Market Report - Week February 2, 2026
Insider Tips — February 2, 2026
This week’s Insider Tips comes with a clear message: the market is technically green, but if you’re holding the wrong stocks (or you’re heavy in metals/crypto), it probably doesn’t feel green at all. We’re now about two months into this melt-up, and while the major indexes still look “fine” on the surface, we’re starting to see early cracks in the armor—and when that happens, the right move is simple: play more defense.
Expanded Market Breakdown
Technical Analysis & Market Structure
Last week showed four green lights—the market kept melting up. But today we’re seeing 3 green and 1 red, signaling a slight shift in momentum. The good news is price is still holding above key moving averages, and most of the big “damage” hasn’t shown up in the indexes yet.
Here’s what the major indexes are doing:
- NASDAQ: Dropped yesterday to test the 50-day, then bounced back up today
- S&P 500: Same story—tested the 50-day yesterday and rebounded today
- Dow Jones: Also bounced, but looks a bit weaker than the others (still drifting lower)
- NYSE Composite: The strongest look—bouncing off the 21-day moving average cleanly
Bottom line: Index charts still look “okay,” but when you see momentum start to crack while the market is extended, you tighten up, reduce risk, and stop forcing offense.
Volatility & Market Risk
Volatility is no longer asleep. The VIX is sneaking higher and moving above the mean, which signals rising fear and a more fragile tape. Add the headline risk of a possible government shutdown, and it’s a reminder that markets can turn fast when sentiment shifts.
Market Trends & Macro Themes
The Big Story: Precious Metals “Storm”
Mark warned that the metals hockey-stick move couldn’t last—and this week delivered the reality check:
- Gold (ETF): Sharp selloff on huge volume, as profit-taking finally hit (after a massive run)
- Gold Miners: Gap-down on heavy volume, likely working back toward the 50-day moving average
- Silver: The most violent move—crashing hard and rapidly filling gaps, with an “elevator down” style drop that marks a true wipeout day
This is the classic lesson: markets take the stairs up, but the elevator down. And when something is parabolic, you don’t get a gentle pullback—you get a trapdoor.
Crypto Carnage + Rotation Question
Crypto is also seeing heavy selling. A big question Mark raised:
Will money rotate back into crypto after metals profit-taking, now that crypto is relatively cheaper again? Not a prediction—just something to watch as capital shifts between “hard assets” and “risk assets.”
Individual Stock Highlights
- Tesla: Reported numbers and emphasized it’s shifting away from being “just a car company,” leaning into humanoid robots and factory automation. Price bounced after earnings, but it’s still not clearing prior highs, which may hint at a developing ceiling.
- Apple: Still in a major consolidation; had a solid move up recently but is giving some back (along with tech generally).
- Palantir: Still too late to chase. Now breaking down under key moving averages and “resetting the base”—don’t try to catch a falling knife.
- AppLovin: Sharp drop and testing the 200-day; rumor-driven risk (short-seller allegations) = caution.
- SoFi: Weak for weeks and now driving toward the 200-day with massive volume.
- UnitedHealth (UNH): Major gap-down and heavy pressure; further downside risk—avoid.
- Alphabet: Still acting like a breakout name, but Mark got stopped out earlier in the week on a sharp down candle—then it ran without him (it happens).
Breakout Candidates & Opportunities
- Alphabet: Breakout behavior remains constructive, even with shakeouts
- Selective tech (only on strength): The message this week is not “buy everything,” it’s pick battles carefully and avoid emotional entries
Key Takeaways
- The market is still technically green, but it’s extended and showing early cracks
- Indexes look fine, but volatility is rising, and leadership is weakening under the surface
- Precious metals delivered a real “elevator down” correction—parabolic moves reverse violently
- Avoid chasing late-stage names (Palantir warning stays in effect)
- In extended markets, defense and discipline beat prediction
Conclusion
We may still be in a green market, but green markets don’t last forever—and when you’re two months deep and volatility starts rising, you don’t press harder. You get tighter, more selective, and more defensive. The market will tell us when the lights change—but you don’t wait until the damage is obvious to manage risk.
Current Market Condition:
The market remains technically green, but it’s extended and starting to show early cracks. Indexes are still holding key moving averages, yet volatility is rising and several high-flying trades (especially metals) are reversing sharply. This is the environment to stay selective, reduce exposure to weak charts, and prioritize defense until the next clear opportunity emerges.
Stock Tips This Week:
The Hidden Danger of Parabolic Markets: What Gold, Silver, and GLD Investors Must Understand
In this video, Mark warns why parabolic moves in gold/silver/GLD can reverse violently, how gap-ups create trapdoor risk, and why risk management matters more than chasing momentum—especially in crowded “hard asset” trades.
Alphabet (Google) Stock Analysis: How Smart Investors Combine Chart Patterns, Fundamentals, and Income Strategies
In this video, Mark explains why Alphabet is back in focus—combining chart patterns, fundamentals, and an income strategy framework (like covered calls) to stay disciplined and avoid prediction-based trading.
Fed Holds Rates Steady: What It Means for Investors and Income Traders
In this video, Mark breaks down what a rate-hold environment means for investors and income traders—why markets often move on inflation/jobs data more than Fed headlines, and how covered calls can fit in when price action grinds higher.
Podcast Episode This Week:
In this episode of the Wealth Architect Podcast, Mark Yegge sits down with Vincent Randazzo (founder of ViewRight Advisors and creator of the Defender Program) to explore how systematic, rules-based investing helps remove emotion and protect capital through volatile market cycles. They dive into why market breadth, discipline, and objective systems matter more than predictions—especially as markets age and risk increases—plus how to think about secular bull/bear markets and avoiding major drawdowns with a defense-first approach.
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