TTD, PLTR and INTC Forecast – Stocks Mixed Premarket

TTD Technical Analysis

The Trade Desk has absolutely cratered in pre-market trading after a surprise negative revenue, but a surprise as the market is looking to open up about 33 to 35 percent down. That is a massive beating by pretty much any metric. At this point the market had perhaps gotten a little ahead of itself and as we closed on Wednesday at $122.23 as I record this it looks like we’re going to open up or at least somewhere in the neighborhood of $86.20. Quite a massive sell-off.

PLTR Technical Analysis

Palantir, on the other hand, looks like it’s going to open lower but just a bit, and it’s probably worth noting that Palantir recently gapped higher and has gone parabolic. Any pullback at this point in time should be thought of as an opportunity, I would suspect, as plenty of traders will have missed this massive move. Earnings, of course, caused that gap. It was a big surprise to the upside in both earnings and revenue. And it looks like Palantir continues to be a monstrous stock, despite the fact that we may drift a little bit in the short term.

INTC Technical Analysis

Intel is a little bit positive in pre-market trading. And at this point in time, it looks like it could open up about a percent higher. Volume is picking up, and it is worth noting that the recent earnings call had a slight surprise in earnings and revenue, solidly confirming this basing pattern in Intel. We’ll have to wait and see if it can take off.

But it certainly looks like something that longer term traders might be willing to step in and get a piece of. Nonetheless, I would expect a lot of choppiness in the short term as market participants to see volatility, but volume increasing does suggest that the upside probably is the favorable one.