PLTR Palantir 2-Hour, Daily and Weekly Charts; Negative Divergence Forecasts a Top and Start of Multi-Week Decline; We Hardly Knew Ye

The US stock market is a crap fest these days since it is difficult to find stocks to play long or short. Most are in a sick sideways funk or have already rallied off the bottom. The prior long recommendations are all higher and ride the relief rally. Keystone made a killing on DDD and others. The only long that Keystone is still holding is BOXL; all the others were cashed-out taking profits. Those tickers have all now bounced off the bottom due to possie d so you have to think about chasing them now.

Thus, there is not a lot to play right now and the list becomes smaller. At the index level, it is likely most prudent to wait for the stock market to set up short going forward so simply watch the charts. On the micro basis, utilities will likely roll over going forward, that may be a bad omen for the broad stock market, and some tickers are already getting spanked-down off the highs. So you can look for short opportunities in utes maybe the SDP ETF but it is thinly traded.

ANDE may be due for a bounce after getting beaten down. It is slim pickings to find stocks to play long or short, and Slim just left town. Keystone bot some SBIT today the inverse of bitcoin. What!? That is blasphemy! Bitcoin charts are setting up with neggie d and BITI and SBIT are setting up with possie d since they are the inverse. Keystone will see if bitcoin drops to take a ride higher with the inverse ETF. For now, BITI and SBIT have bit the dust, but are set up on the possie d launch pad, so they are worth taking a chance on the long side (but bitcoin is red hot right now).

After looking at numerous tickers, a lot of them are going Nowhere Man. Another potential play is Palantir the favorite AI flavor. PLTR can handle data in support of artificial intelligence making it a tech darling that everyone wants to dance with. Well, the bell tolls, and Palantir, it tolls for thee.

All three time frames, hourly, daily and weekly, are set up with negative divergence so she is cooked. Stick a fork in it. Crispy-fried. We hardly knew ye. Palantir is about to have a religious experience going forward. A neggie spankdown will begin any time forward and open the door to a multi-week pullback. What!!? No way. What's this guy smoking? It's Palantir. It will go up forever. If you are a little twit, maybe a Wall Street analyst, spouting such nonsense, you may as well take your shirt off now, because you will lose it going forward. The Palantir cooking was fantastic and tasty but now it goes Rancid. Ruby Soho. Keystone discovered that it's hard to wear a baseball cap with a mohawk. Ruby, Ruby, Ruby Soho. Destination unknown.

Gus at the granite shop a couple miles away has already started engraving the gray tombstone with Palantir's name. It is fun knowing that a stock is about to collapse when no one else does. The only thing that can save it would be a positive news announcement and it will need to happen fast. Keystone is not in PLTR long or short right now but plans to start going short tomorrow and going forward. If you are long Palantir, are you sure you want to go up against Keystone? Come on, Sonny, step up to the plate, do you want to play? Do you feel lucky, punk? Do you, punk?

A final note is that the monthly chart still shows a long and strong MACD line, thus, after the smack down occurs for PLTR, and it is beaten for a few weeks, it will recover and likely come all the way back up again one more time for a significant long-term top, likely in the July, August, September time frame, that will then lead to another top and a multi-month decline in PLTR. The charts will lead the way. Right now, they say sell, Mortimer, sell, and in a few weeks the weekly chart will set up with positive divergence telling you to buy for the way back up but again, you will have to use the charts for the timing to see how it plays out. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Friday Morning, 5/16/25, at 10:05 AM EST: PLTR is at 128.76. Keystone is short from 130+ so not much movement yet. Let's take a look. The Palantir daily chart is in neggie d across all indicators; it's a top. Ditto the 2-hour chart. Ditto weekly. The only thing holding this piece of sh*t up, is the hype. Blow on it and you should knock it over. CEO Karp needs to announce good news pronto if he wants to save it. Keystone is shorting bitcoin, a dangerous and speculative move considering the current hype, so let's see how that is going. The trade is flat, like price, so far. The bitcoin daily chart is in neggie d. Weekly chart in neggie d. Sogginess would be expected in bitcoin going forward perhaps in concert with US equities sliding lower.