TSLA, PLTR and SMCI Forecast – Wall Street a Bit Soft in Early Thursday Action

Tesla (TSLA) Technical Analysis

The market for Tesla looks a little bit soft on Thursday in pre-market trading, and as we go to open up on Wall Street, questions will be asked about the overall risk appetite after the FOMC meeting, which of course, was an interest rate cut, but ultimately, we find that there are some questions about further cuts going into 2026. Looking at the Tesla market, it looks as if it is pressuring significant resistance above, perhaps near the $475 level. And a little bit of a pullback is really not an indictment on the stock itself. It just shows that we are approaching pretty significant resistance. Short-term pullbacks, I think, are still buying opportunities.

Palantir (PLTR) Technical Analysis

Palantir has gapped lower in early trading, and it looks like it’s probably going to pull back as well. But again, we have plenty of support underneath and momentum. So I think this ends up being a buying opportunity before it’s all said and done. The stock market participants will be looking at the potential easing of monetary policy, despite the fact that we’re not even sure about cuts, but we do have a little bit of pseudo-quantitative easing going on in America as an excuse to start buying riskier assets, maybe technology companies. And that, of course, is where Palantir comes in. Beyond that, you have simple momentum pushing to the upside as well.

Super Micro Computer (SMCI)

Super Micro Computer looks like it’s going to be a little soft at the open as well, as we are struggling a bit, but ultimately, I think this is a situation where we are getting toward the bottom of an overall consolidation range that certainly has quite a bit of support. I think this is a candidate for a bit of a bounce, although I don’t see the momentum to get me excited about it yet, but it wouldn’t surprise me to see in a few weeks that Super Micro Computer finds itself back at the $40 level. This, of course, assumes that the rest of the market behaves fairly well, which, at the end of the year, a lot of times it will. So we’ll just have to wait and see if the so-called Santa Claus rally presents itself.

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