PLTR, ORCL and MSFT Forecast – Tech Wreck Early on Monday

PLTR Technical Analysis

The Palantir market has been very ugly in pre-market trading as it looks like it’s going to open up about $5 down. Now this can be laid firmly at the feet of DeepSeek, which is an AI model, an open source AI model from China that supposedly was built with about $6 million, which outperforms many of the other AI versions in the United States and beyond. What’s interesting is that on Friday, we had seen a lot of the higher technology stocks really take it on the chin and now we know why, because somebody somewhere knew something. So we are going to have to see how this plays out.

Now, I suspect this has been a blip on the road, mainly due to the fact that there are some real questions about the legitimacy of the DeepSeek claims. Furthermore, there are a lot of questions about security and things like that. So only time will tell. But right now, it does look like Wall Street is panicking a little bit and technology stocks across the board are getting absolutely crushed. You are seeing a big run to safety and it looks like Palantir will not avoid this. I would wait to see how this plays out, see how it behaves near the 50 day EMA before putting any money to work.

ORCL Technical Analysis

Oracle is going to be in the same situation. It’s down about $15 or so in pre-market trading and it looks like it’s going to open up just below the 50 day EMA. The 200 day EMA sits right around $155, I’d be watching that area to see if we can get some type of turnaround. One thing is for sure, this is a market that is going to be very difficult and dangerous. So quite frankly, this is a day to observe, not to trade. I understand a lot of retail traders will want to press buttons as soon as the market’s open, but you just do not have the information necessary.

MSFT Technical Analysis

Microsoft is about to take a $20 dip right at the beginning of the session, but it also adds to the 200-day EMA at $420 and the uptrend line both coming into the picture. So, we’ll see, technical support is certainly there. It is worth noting that next week Microsoft has an earnings call and Palantir I believe does as well. No Palantir is the week after. So, this is a market that I think will perhaps welcome good news if and when it gets it. But right now, I think between now and the earnings releases, it’s going to be very tentative at best.