Big Mo is Chugging Along! Shaken Out of PLTR with $750 Gain. Plus, Two New Setup Trades.

Stay Alert. Trade what you see. Trust the charts not the noise.

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Friday was a quirky day as the stock market made new highs all around. By the same token, due to weird accounting maneuvers involving the Russell 2000 index and its rebalancing, our most recent Palantir (PLTR) trade was stopped out late in the day. And although the selling was intense and our Sell stop was triggered, we got out with a $750 gain, which I’ll take any day. The results are below:

• SOLD - Palantir (PLTR). Bought 6/2/22: $130.50. SOLD 6/27/25: $138. Return for this trade: $750/100 shares (5.41%).

We’ve had a good run with PLTR and I don’t think it’s over. In fact, I don’t think the stock is done by any means. So, I’m looking at the shares closely, and in this issue, I’m adding a conditional trade on PLTR to get us back on the gravy train.

Here are some other recent PLTR results. As you can see, we’ve paid some bills with these trades.

• Path 1 - SOLD Palantir (PLTR)– Bought 4/7/25: 75.05. SOLD 5/5/25 intraday $125 when price target was hit. Return $5000/100 shares (67%).

• Path 2 - SOLD Palantir (PLTR) Above $75 – Bought 4/7/25: 75.05. SOLD 5/6/25 intraday price: $118. Return $4300/100 shares (57%).

• SOLD - Palantir (PLTR) Above $85 – Momentum Approach. Bought 4/9/25: $85.05. SOLD 4/14/25: $93.75. Return for this trade: $870/100 shares (9.28%).

You can get all the details on the next PLTR trade below.

Big Mo Chugs Along. But Stay Awake.

The stock market rally is showing signs of staying power with New York Stock Exchange Advance Decline line (NYAD) , the S&P 500(SPX), the Nasdaq 100 (NDX) making new highs and the U.S. Ten Year Note (TNX) extending its break below 4.3%. That said, the rally is very overbought and some sort of consolidation is well overdue, although given this week’s holiday things could get extended, barring bad news on Friday’s employment data.

Moreover, as I noted last week, given that this is clearly a momentum run fueled by traders who missed the rally off the April bottom and are now trying to catch up, some point this momentum run will end. And as with all momentum runs, the end of this one will be painful. So we trade with the trend but we trade day to day, being fully aware that any day could be the day that things get dicey.

Incidentally f you’re looking to stay more alert and to improve your nutrition, I recommend two healthy energy drinks that I rely on to stay awake and to get my daily vitamins. One is Slam, which offers quick boosts of energy throughout the day and Spark, which is a full vitamin supplement that keeps you going all day long.

Big Mo is Back. Don’t Fight the Tape. But Keep Your Eyes Open.

The market is definitely betting on a rate cut by the Fed in July especially after the PCE number came in within expectations and there are at least 2-3 dissenters at the FOMC, Waller, Bowman, and possibly Goolsby. Others may be quietly dissenting.

Thus as I noted this weekend, the market seems to be discounting Powell’s hawkishness and starting to price in a rise in liquidity via rate cuts since.

We are well positioned at both the Weekender, where we’re running a 60% discount offer, and the Smart Money Portfolios. You can gain full access to the Smart Money portfolio by hitting the subscribe button below.

Market Update – NYAD Adds to Recent Highs

The New York Stock Exchange Advance Decline line (NYAD) added a new high this morning as positive momentum in stocks continues.

The Nasdaq 100 (NDX) also made a new high but is reaching overbought conditions.

The S&P 500 (SPX) remains above 6000 and is now well above 6100 making a series of new highs recently. 5950-6000 is now support as is the 20-day moving average.

The U.S. Ten Year Note yield (TNX) is still trading below 4.3% and its 200-day moving average, signaling that bond traders are not worried about inflation currently.

Thank you all for your support. If you have a 401(k) plan that offers ETFs as investing vehicles, consider Joe Duarte’s Sector Selector. It’s FREE with your monthly membership to Buy Me a Coffee. Sign up here. If you’ve been thinking about tuning up your investment playbook, my new book “The Everything Guide to Investing in Your 20s & 30s” will get you started on the right foot – pre-order now. For those wishing to get started on day trading, consider “Day Trading 101.” For steady gainers, and a 60% discount offer check out the Smart Money Weekender Portfolio. I’ve just added several new positions in this weekend’s edition. Trade better with extra energy, and vitality. Visit my Health Products Page.