The market looks pretty glum today.
No wonder. The PPI inflation numbers came in higher than expected.
And we know what that means.
It means the Fed isn’t done raising rates. And some Fed members have even come out and confirmed that hawkish viewpoint.
Oh well. It will just be another down week and possibly more to come.
Not so fast.
Remember Palantir Technologies (PLTR)? Our top secret, under the radar company from a few days ago?
It’s rising like crazy. It hit the possible entry point we talked about on Tuesday, and has kept right on going. It’s now up 9% from that entry level:
Hitting $19 is not out of the question.
And there’s another sneaky exploder in our midst. Remember ProShares Bitcoin Strategy ETF (BITO) from my Feb. 7 article? The Bitcoin ETF has gone above our possible entry level and is rising:
It’s just above the $15.18 level we discussed while Bitcoin is hitting new highs.
Both of these instruments were forgotten about.
Now they’re coming back with a vengeance.
Happy trading,
Scott
