Palantir Just Got a Presidential Tweet. Tim Knight Is Still Short.

Why It Matters

The analysis shows that high‑profile political endorsement does not guarantee stock performance, and Knight’s amplified short exposure highlights heightened risk for overbought assets, urging investors to reassess bullish positions.

Key Takeaways

• President's tweet praising Palantir failed to halt price drop
• Knight stays short Palantir, citing hammer pattern reversal risk
• Market shows fatigue; major indices hover near lifetime highs
• Knight shorts EEM, EFA and precious‑metal puts amid gaps
• Overall short commitment reaches 120% of portfolio, signaling bearish stance

Summary

Tim Knight’s latest market‑watch video centers on the recent presidential tweet praising Palantir (ticker PLTR) and his continued short position despite the endorsement.

He outlines a broader market fatigue after two weeks of recovery rallies, noting that major indices sit at or near lifetime highs while technical charts show hammer formations, gaps, and topping patterns. Knight lists his short bets: emerging‑market ETFs EEM and EFA, precious‑metal ETFs (GLD, GDX, XME) via July puts, and selective stocks such as Palantir, CrowdStrike, Victoria’s Secret, Salesforce, Intuit, and Meta.

Notable remarks include “the President has been reduced to putting out investment notes” and “I would rather sell into optimism than wait for a collapse.” He points to a clear hammer on Palantir’s chart and price gaps that he believes signal short‑term reversals.

By raising his short exposure to roughly 120% of his capital, Knight signals a bearish outlook that could pressure overbought equities and ETFs if the market weakens, suggesting investors treat political hype with skepticism.

Original Description

Tim Knight examines Palantir's stock performance, noting a potential short-term reversal indicated by a "hammer candlestick" pattern on its chart. This "technical analysis" suggests a possible change in trend for "PLTR stock". The discussion also touches upon the unusual endorsement of Palantir by "Donald Trump" via a tweet.

Technical analysis, short selling strategy, and chart pattern breakdowns close out the week as tastylive's Trading Charts with Tim Knight reviews a market he describes as priced for perfection. Two recovery weeks in, the S&P has nearly reclaimed everything — but Tim's portfolio of 30 short positions is still finding daily profits. Gold and GLD are sitting just below price gaps, Salesforce keeps falling, Meta finally looks tired after an explosive week, and IBIT puts are on watch with a clear stop level. The uptrend may be broken on the longer-term charts, but the ceasefire rally has made everything messier. Negotiations this weekend will tell us whether this is a base or a bull trap.

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CHAPTERS:

00:00 Two Recovery Weeks in: What Kind of Rally Is This?

00:29 Capitulation Rally Week: The Easy Lift Is Done

01:02 Shorts Still Profitable on Green Days

01:56 DIA: The Long-Term Uptrend Is Broken

03:02 NQ Futures Deep Into Enemy Territory After Eight Green Days

03:51 Short EEM and EFA: Getting Outside the US

05:39 Everything Moves Together Except Crude Oil

06:23 Silver and GLD Just Below Price Gaps

06:45 GLD July Puts: Tim's Bearish Precious Metals Trade

07:03 GDX and XME: Miners Looking Vulnerable Too

08:05 IBIT September Puts: One Clear Stop Level

09:20 Focus on Individual Stocks Over ETFs

10:19 Dynatrace, Infosys, IOT and Cloudflare Still Falling

10:47 Palantir: Presidential Tweet and Still Down

11:35 CrowdStrike Down Another 4.5%

11:49 Victoria's Secret Short: New Addition

12:14 Salesforce: A Beautiful Pattern That Keeps Falling

13:03 Intuit: A Household Name Down 60% in Months

14:28 XLB Materials ETF Short and Meta Puts Added

15:06 ES Wrap: Priced for Perfection Going Into Weekend Negotiations

#timknight #tastylive #technicalanalysis #shortstock #sp500 #gold #salesforce #meta #ibit #chartanalysis

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