TRADEWATCH for Aug 04
Retail trader sentiment and stock setup research for the current market session.
Online Pulse
Retail mood is bullish but selective. Strong AI results are driving buyers, while large options losses and debate over chip cycles show that traders are rewarding proven growth over pure speculation.
Palantir (PLTR) is the clearest long setup. Its quarterly revenue nearly doubled, U.S. commercial sales rose about 150%, earnings beat expectations, and management raised full-year guidance. The story appeared across stocks, market, swing-trading, and meme communities, giving it unusually broad support. Let the opening volatility settle, then watch for buyers to defend the post-earnings gain.
Micron (MU) remains a secondary long setup tied to AI memory demand and tight industry supply. Investors across several communities agree that data-center spending can support strong earnings, though they disagree on how long the cycle will last. Treat a sustained breakout with strong volume as confirmation rather than buying on the low earnings multiple alone.
Keep PLTR as today’s priority and add MU only after price confirms that buyers remain in control.