Neither OXY nor BTC (Bitcoin) have acted in a manner that would allow for a high confidence trade to the upside, Standing aside in both, for now. On the other hand, two existing positions continue to act well, one to the upside (PLTR) and one to the downside (BA). Let's take a deeper dive. PLTR This chart of PLTR goes six months back and three months forward, the latter based almost entirely on what the former it telling us via pattern recognition analysis. A new all time high ($45 on Jan 27, 2021) is knocking on the door and would be as bullish a pattern as is in my arsenal, especially coming on top of a 600% move up from the Dec 2022 lows (long term chart below). A 10% correction could come at any time, but PLTR seems destined for triple digits in 2025 and despite the recent string of new highs, getting there will be anything but a straight line. Nonetheless, I am watching it closely so you don't have to, just protect your profits with a trailing stop, 50% from Best Returns is as good a trade management tool as I have found. Remember, if stopped, there will be more entries, new strikes and expirations, to get back in for the ride to $100. PLTR Longer Term Expect some resistance around the ATH @ $45, then new highs with a vengeance. BA This is a 'Wave 5 Sell Signal," one of my trusted trading signals from my Advanced GET days and one that I have been trading for 30 years. Although not perfect, the wins way outnumber the losses and with size. In this case, BA is headed toward $100 and likely <$80, if not by December, then by March. We will deal with the latter at rollover time. Risking 50% ( Jan $120P close < $0.87) for a 10X return by expiration. S&P places Boeing's rating on CreditWatch negative as strike drags on Boeing has lost $32 billion since 2019, with no end in sight. How long can it keep losing money?
