Most big-stock technology and related names that we reported on in early January and which had decent run-ups into late January have since gone into consolidation mode or rolled over outright. ASML Holdings (ASML) is holding along 10-dma support but should be watched closely for any faliures at the 20-dema. Taiwan Semiconductor (TSM) looks like the victim of bad price data on Thursday as our intraday charts for that day show a low of 364.39 so has been able to hold 20-dema support after breaking out on earnings last week. Advanced Micro Devices (AMD) blew up after earnings and has been a short entry at 50-dma resistance this past week. Alibaba (BABA), which is an e-commerce and AI tech play these days, failed quickly on a buyable gap-up move in late January and has more recently been a short entry at 20-dema and then 50-dma support. Finally, Intel (INTC) also blew up after earnings in the latter part of January after a sharp run-up to start off the New Year. It is now wavering at 20-dema support where it may be in a short-sale entry position using the 20-dema as a tight covering guide.
Most of the higher-beta and in some cases former FOMO leaders of 2025 that were reported on in early January on the long side had decent upside moves in January as well. However, as January came to a close these names have all corrected sharply off their January highs. Applied Digital (APLD) had a phenomenal move since posting pocket pivots along its 50-dma in early January but failed on a breakout attempt in late January. It is now wavering along 10-dma and 20-dema support. CleanSpark (CLSK) was reported on in mid-January as it posted pocket pivots along the 50-dma but never went anywhere and broke below 200-dma support in very bearish fashion at end of January. It has since made lower lows. CoreWeave (CRWV) failed at 200-dma resistance nearly three weeks ago and is now hanging along 10-dma/20-dema support. The stock in reality remains within a long, wide-ranging bear flag that formed following a massive price decline from the 187.00 June 2025 peak. IREN Ltd. (IREN) also had a strong move in January but topped near the end of the month has has since sliced sharply lower since and is now living below its 50-dma. D-Wave Quantum (QBTS) also failed in the latter part of January and has since blown up as it now lives below the 200-dma.
The action in these names attest to the changing character of the market, where scant few big-stock techs attempt to hold up while the rest of tech has sold off. This is underscored by the action in big-stock NASDAQ index names shown below. The past week has seen Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOGL), Meta Platforms (META) and Microsoft (MSFT) have come apart over the past few days and weeks. Nvidia (NVDA) which is expected to report earnings on February 25th, busted 50-dma support on Friday to trigger a potential short entry at the line.
Coppers that we have previously reported on for the most continue to base, but we would not necessarily be aggressive buyers in a weakening general market environment.
Certainly we can see that uranium names that we reported on as long set-ups in early January have also come apart and/or corrected sharply following strong upside moves in January. 
Interestingly, while silver has been extremely volatile but remains about 10% higher for the year so far, Spot Gold posted a new all-time high weekly close this past week. Note the massive shakeout at 10-week moving average support last week. Thus, based on the weekly chart, the uptrend in gold remains intact.
The weekly chart of Spot Silver looks somewhat less appetizing with three red weeks in a row, but note the tight closes over the past two weeks along the 10-week moving average. We expect to see a great deal of volatility in silver as it attempts to establish a new price plateau. Silver's move in December and January which took it decisively through the prior $50 all-time highs occurred after it was added to the U.S. Critical Minerals list, and we expect that the ensuing parabolic move simply needs time to consolidate. Stay tuned. 
Finally, gold and silver miners that we reported on early in January as long set-ups had great moves into the end of January but have since gone into correction mode as gold and silver pause/correct. 
The evidence is overwhelming under the surface as individual stocks come under pressure. And while certain areas of the market attempt to base, as exemplified by the action in the non-tech centric and broad NYSE Composite Index, a continued market correction could eventually drag everything down with it. Thus, we advise caution and urge members to review selling guides and trailing stops for positions if they have not already been triggered.The Market Direction Model (MDM) remains in a CASH/NEUTRAL signal.