Its time for an update on TSLA, PLTR and recently discussed, RKLB. These stock calls in conjunction with longer term GLD and SLV calls are our bullish exposure to this market these days, with the potential to add Bitcoin, via BITO calls, if it can break out (see chart below). TSLA PLTR Both TSLA and PLTR remain in Intermediate Term uptrends. Although lacking in steepness, their respective rises are consistent with bullish impulse patterns that are projecting much higher prices in the months ahead. After the election and once the October surprise crash window is behind us, we can expect an acceleration higher. These are two of the supreme high tech companies in the world, set expectations accordingly. RKLB - Weekly We want to stay long these calls so long as RKLB maintains a weekly close above 8.00. Silver & Gold We will review Gold and Silver charts in a future update. Bitcoin The Fib Projection Tool is suggesting the potential for Bitcoin to more than double in the months ahead. Yet, until it breaks convincingly out of the downward sloping Wave 4 trend channel, all bets are off. I'd rather be a little late into BITO calls, then risk the wave count is just a pipe dream. If price breaks out it will be the beginning of a third wave higher, with time enough to get in for the meat of the run well above $100K. A higher low has been put in, next requirement is a higher high, probably north of $72K. For now: Long trade pending. BITO Would you buy this stock, now?
