Gold-Silver Pullback

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TradingTLDR

30 Jan 2026 — 5 min read

Good morning,

US stock futures are backing off to end the week as investors juggle two heavyweight narratives:

President Trump’s imminent pick for the next Fed chair and the final read on Big Tech earnings. Tech is leading the retreat, with Nasdaq futures sliding as markets digest a week that delivered both blockbuster beats and sharp disappointments.

The Fed storyline is front and center. Trump is set to name Jerome Powell’s successor, a decision that could reshape expectations around rate cuts and central bank independence. With rates just held steady — and markets still betting on cuts later this year — the choice signals how political pressure and policy might collide next.

On earnings, Apple offered a late boost with better-than-expected results powered by record iPhone sales, but the broader tech picture remains uneven. Microsoft’s sharp selloff earlier this week is still casting a long shadow, keeping investors selective rather than celebratory.

As January winds down, the market is still clinging to monthly gains — but this Friday feels less like a victory lap and more like a pause before the next big move.

📉 S&P 500 Futures Slip as Trump Signals Powell Replacement
U.S. stock futures edged lower after the S&P 500 logged a second straight loss, with markets on edge ahead of President Trump’s announcement of a potential new Fed chair.

🥇 Gold and Silver Pause After Historic Rally as Investors Reassess Entry Point
Precious metals took a breather after their explosive surge to record highs, prompting debate over whether the pullback offers a fresh buying opportunity. Gold plunged nearly $300 in two hours, sliding back to $5,100 an ounce as price swings reached levels last seen during the 2008 financial crisis.

🌏 Global Markets Slip After Wall Street Turbulence, Asia Ends Lower
Asian stocks fell following a volatile Wall Street session marked by Microsoft’s plunge, while oil, gold and silver prices weakened.

📊 SoFi Slides, but Retail Traders Double Down on Q4 Beat and S&P 500 Hopes
SoFi shares fell as policy uncertainty weighed on sentiment, even as retail investors bet that strong earnings and possible index inclusion could revive the stock.

💥 Bitcoin Plunges Nearly $10K, Triggering $1.7B Crypto Liquidations
Bitcoin sank toward $82,000, unleashing a $1.7 billion liquidation wave and dragging the total crypto market below $3 trillion.

🤖 OpenAI IPO Buzz Builds as Retail Eyes Potential $1T Valuation
Speculation intensified that OpenAI could go public as soon as Q4, with reports of banker talks and pre-IPO funding that could value the AI giant near $1 trillion.

🧨 Microsoft Suffers Worst Day Since 2020, Loses $357B in Market Value
Microsoft shares collapsed 10% in a single session, erasing $357 billion in market cap in the company’s steepest drop since the pandemic crash.

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Bearish Harami

The Bearish Harami is a two-candle reversal pattern that signals a sudden "stall" in bullish momentum. It is the opposite of the Bullish Harami, appearing at the top of an uptrend.

The pattern consists of a large "mother" green candle followed by a small "baby" red candle that is completely tucked inside the first candle's body. It represents a moment where buyers have lost their edge and sellers are beginning to probe the market.

🛠️ The Strategy Logic

Use these logical triggers to identify when an uptrend is exhausted and a downward correction is likely:

IF: The second (red) candle’s body is completely contained within the first (green) candle’s body...
- THEN: The pattern is valid. This shows that the market was unable to maintain its upward trajectory and has contracted into a state of indecision.

IF: The Bearish Harami forms after a steep rally or at a major resistance level...
- THEN: The signal is high-probability. This suggests the market has hit a "ceiling" and the bulls are no longer willing or able to pay higher prices.
IF: The second candle is a "Doji" (a tiny body with almost no height)...
- THEN: This is a Bearish Harami Cross. It is a more potent signal than a standard Harami because it represents total stalemate at the top of a trend, often leading to a more aggressive reversal.
IF: The price breaks and closes below the low of the first (large green) candle...
- THEN: The bearish reversal is confirmed. This breakdown of the "mother" candle's base is the signal that sellers have officially taken control.
IF: The pattern is accompanied by an Overbought signal in the MFI or a drop in the Volume Oscillator...
- THEN: You have a "weakness" setup. The candles show the stall, and the indicators confirm that the buying "fuel" has been exhausted.

💡 Pro Tip

The "Inside Bar" Reality Check: Just like its bullish counterpart, a Bearish Harami is an "Inside Bar" setup. It signifies low volatility and consolidation. Many traders make the mistake of shorting immediately; however, the pattern can sometimes result in a "bull flag" if the trend is very strong. Always wait for the break of the mother candle's low to ensure the bears have actually won the tug-of-war before entering a short position.