Dave Barnhart reviews February 3, 2026 trades on PLTR and SLV. PLTR gapped up but fell to 153.12, hitting all downside targets. SLV rallied to 80.74 on a bullish pivot at 79.60, then pulled back to 74.49, meeting the R1 target.
Chapters
Good afternoon, traders. It's Tuesday, February 3rd at 3:41 PM. Let's review our trade setups for today. We had PLTR and we had silver. So Palantir, see this, we gapped up. It's on the right-hand side. We gapped up and retraced back below. We came down, pretty much tagged this 4 exponential moving average and moved up. A little bit. So let's see, we were bullish above 166, bearish below 162. 166 never occurred. We would have had to get up here, but at the open, 162— look at this— just sold right off like a rocket. 162, it hit all of our targets down to 153.35. Look at this, low of the day right here is the low, 153.12. So that's not bad in calling that. So Just, uh, these persons' pivots are phenomenal. And then here we bounced a little bit, break, retest, increasing volume, moved up and fighting with this R3. So we can't, uh, we've made this higher high, higher low, and then lower high. So it looks like this is fizzling out for the rest of the day. We'll see. Let's go ahead and look at our shiny friends and silver. So silver Okay, this one we talked about the sell-off here. The— on this candle there's big 3 million share print, which was Thursday last week, and then everybody's flipping out. And then down here there was 3 million back from January, so that's really nice to capture a 30-point move at 3 million shares. Everybody wants that. And so now we've pushed up, almost tagged this 4 exponential moving average, so we're fighting in here. If this Who's to say what's going to happen with this? Usually, if we pull back here, there's lower volume. So we'll see. Maybe we'll continue back down and start making a lower low. Silver bullish above 79.60, bearish below 78. The 79.60 occurred pre-market, pushed us up to 80.50. The high here was 80.74. We had 80.64 was a 1.5 million share trade, which is very nice. And so with this being a 1.5 million share trade, Look what happened. We pulled back, tested it, pulled back, tested it, and fell down. So we've got like a triple top almost there, right at this print level. Bearish blow 78. So this happened later in the day, the 78. So when we broke down from this R2 78, we came all the way down to 74.49, which was one of our, one of our targets. Which was this. Sorry, 75.49, which was R1, and then we came down and tagged 75, trying to hold this. So we've actually made higher high, higher low, higher high. We'll see if this is going to retrace a little bit. This is resistance here. Might fizzle out into the rest of the day. All right, there you have it. Those are the results of your trade setups for today. So both Palantir and silver, great trades. Hopefully you made some money on those. So. Please like, share, subscribe, do all of that great stuff, and we'll see you tomorrow with all new trade setups. Happy trading, everyone. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
