In this morning market commentary (July 8, 2025), the presenter outlines two intraday trading ideas. For Palantir Technologies (PLTR), he reviews recent price prints, identifies support around $138.48 and resistance near $139‑$146, and maps out bullish targets using pivot points (R1‑R2, CAM levels) and bearish targets using moving averages (50‑day SMA, 4‑ and 8‑EMA). He emphasizes that a close below $123 would be strongly bearish, but the current price around $138 makes the upside more likely. For Oklo (OKLO), he describes a cup‑and‑handle pattern, higher volume and a recent higher high, and sets a bullish entry above $57.55 with incremental targets up to $63.62, again using pivot‑based R‑levels and CAMs. The downside is constrained by a confluence of 4‑, 8‑, and 15‑EMA on the daily chart, with bearish targets starting at $54.50 and deeper support near $46. Throughout, he urges viewers to like, subscribe, and comment, ending with a friendly “happy trading” sign‑off.
Chapters
Good morning, traders. It's Tuesday, July 8th at 5:29 a.m. All right, I've got two stocks for you today. One is PLTR and the other one is Oklo, OKLO. So let's go ahead and get started here on PLTR. We've got a whole bunch of prints here as support. We can see that here back in June, June 11th. June 10th, we've got these prints here. We've come up. There were some other prints here around 144.72, and we've pulled back. We've tested them. There's a lot of prints here, and we're moving up. So we're above these other recent ones, and so I'm wondering if they're buying the dip here. And then if we break above here, there's this 136 area. 144 is— it would be a target. And then if we make a higher high, then of course we're in the run. But this looks like it's just a normal pullback. We'll see. We've We'd really have to close below 123 really for it to be super bearish and we're not quite there yet. We're at 138 so it looks like it's an easier trade on the upside today. Currently we're pretty much at the previous day's close. You can see today's candle so let's go ahead and map this one out. We're going to be bullish above 139 with a target of 139.50. 139.76 is a CAM, 140 140.40 is, is the R2. 141.04, 141.50 is the R1 on person's pivots. 142, 142.50, 142.95 is, uh, is a cam. 143.88 is R2, and 144.41 Is a 1— is a 1 million print. $145 and $146.45 is another cam there. That would get us the pretty much the ATR here of about $6. On the downside, we're going to be bearish below $138.48. That's down here. We got to mind this 50 simple moving average. You can see it pretty much under the cam. This will start to move Down a little bit with the candles, so we just need to make sure we get down there. Target 138, 137.84, then 137.50, 137.20 is this cam, and 137.11 is the retracement to the 4 exponential moving average. We have to be careful here with the 200 simple, 200 exponential. Well, this one's the exponential, this one's the simple. And these prints here around the pivot, so this might be a little bit tougher and higher support there. Plus, if we're testing the four and eight exponential moving average on the daily, that would be the stronger of the time frames anyway. All right, let's go ahead and look at Oklo. So this one here. It's looking all right. So yesterday we had higher volume, made a higher high, and there's not really a wick on the, on the top. So we've got the volume here, and now we're above the 4 and the 8, and it looks like this one is slowly starting to move up. So this could be some sort of bullish sentiment here with these prints here at 55 and 55.26. We're trading at 57 already, so this one can move up. We can see all of the larger trades here at the bottom where they were Uh, getting in. So this is the last, um, this is the last 3 months. We'll see what we have for the whole year and see what the biggest ones are. We'll clear this and we'll put them on there again. Yeah, the biggest ones in the last year are right here around 39. And so we've got that. It's— it looks like it's clear sailing. There's probably some smaller ones in here, but we'll see. As a whole, this is a nice cup and handle, and it looks like a second test of this cup and handle. So this one Potentially, if we're gonna go, then we can at least go up to 73 in the shorter time frame. So let's go ahead and look at our 5-minute for our intraday. We're going to be bullish above 57.55, which is this R1 here. So that's the first spot to bang our heads on. Target 58, 58.39 is R4. 59.52 is person's R2— oh, 59.17, sorry, is the R2. And then 60, 60.74 is a cam. 61, 62, 63, where it's clear sailing here from almost 61 all the way to 63, 62. So if it's running the 4 following the 8, small pullbacks, that's, that's great to stay in longer. And up to R3, 63.62. Yeah, that's on the upside. So on the downside, we don't have a lot of room here to make some money on this because we've got— we're going to be bearish below 54.50 because look at this on the right-hand side. We've got the 4, the 8, and the 15 exponential moving averages all on the daily chart at the same level. So that's going to be really, really difficult to get through. And on the 5-minute, we've got the 50, the 200 simple, 200 exponential, and well, and then a print. So on the safe side, we're going to get below this and get below the pivot. So 5450, target 54, 5349, 5310 is S1. Then 52, 51, yeah, 52, 51.14 is a cam, 50.27 is the S2, 50, 49, 47, 50. So here, if we get below here, then you've got some nice, you've got some nice pockets here, and below 50, you've got a nice pocket down to about 46 level. So there you have it, there's your 2 trade setups for today. Please like and subscribe, leave some comments in the comment section below, let us know how you're doing trading, and we'll see you later to see how we did. Happy trading, everyone!
