Momentum/ESP Combined Post: Palantir delivers Potential $10,000 gain in three trades.

Plus, a New ESP Trade and Portfolio Updates.

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Palantir (PLTR) has become a cash cow for our subscribers over the last month. Here’s a summary of how things have shaped up.

I offered two exit points on Palantir (PLTR) in the last few days. I suggested closing the trade at $125, a price which was triggered on 5/5/25. If you followed that path you gained $5000/100 shares (67%). I also added a Sell stop at $118, which was triggered this morning. If you followed that path, your gain was $4300/100 shares. Here is the summary of how things went:

• 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%).

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

Total gain from Palantir trades thus far: a potential $10,170.

In addition, I still have an open multi-leg option trade featuring Palantir which is developing and which I am monitoring. Finally, I don’t think the Palantir trade is over by any means. Thus, I will be watching the stock over the next few days looking for another entry point.

As the chart shows, the shares may be locked in a trading range which may offer us several new opportunities to trade the stock.

Market Update

Investors are once again worried about the Fed and the ongoing tariff tit for tat between the White House and the world. Add in the usual earnings related uncertainty and you’ve got the recipe for volatility. Of course after 9 straight up days from the recent market bottom, some sort of pullback was likely. As a result, I’m not surprised to see the market stumble some.

The key is to use small positions in stocks which are sporting excellent positive money flow chart patterns and to cut losses as we let profits ride.

The New York Stock Exchange Advance Decline line (NYAD) made a marginal new high last week but has pulled back. It remains within reach of its recent high and above the key support level of its 50 and 200-day moving averages. In other words, it’s poised to gain ground on good news.

The S&P 500 (SPX) ran into resistance at 5700 and was turned back. Short term support is at the 50-day moving average and then at 5450.

The U.S. Ten Year Note yield (TNX) is still range bound as the bond market awaits the Fed’s decision and Chairman Powell’s press conference tomorrow afternoon. As usual, Powell is likely to increase volatility in the stock market as the conference unfolds.

If you’re an ETF trader, 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 starting a day trading career, my new book “Day Trading 101” will get you started on the right foot. For steady gainers, 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 Page.