Palantir has moved to a 'very bearish' short-term outlook, signaling negative momentum.
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askSlim Market Week 05/08/26 - Analysis of Financial Markets
Steve MillerMay 8, 2026
The creator discusses Johnson & Johnson (JNJ) using multi-time frame analysis, noting negative momentum on the daily chart despite support holding on weekly and monthly charts. The analysis focuses on cycle troughs and reversal scouts to identify potential trading opportunities.
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Tickers discussed in this post
McDonald's has transitioned to a 'very bearish' short-term sentiment, indicating negative conditions.
Taiwan Semiconductor is exhibiting a very bullish short-term trend based on the creator's tool.
Texas Instruments is showing a very bullish trend on the short term according to the analysis tool.
Oil prices are expected to fall significantly below $75, potentially under $70, once a deal with Iran is finalized.
Intel is part of a group of semiconductor stocks that are soaring and showing strong upside momentum.
Applied Materials is part of a group of semiconductor stocks that are soaring and showing strong upside momentum.
AMD is part of a group of semiconductor stocks that are soaring and showing strong upside momentum.
Micron is part of a group of semiconductor stocks that are soaring and showing strong upside momentum.
Walmart is mentioned as a non-tech stock being pulled up by AI sentiment, near all-time highs.
Costco is mentioned as a non-tech stock being pulled up by AI sentiment, near all-time highs.
Caterpillar is mentioned as a non-tech stock being pulled up by AI sentiment, near all-time highs.
Deere is mentioned as a non-tech stock being pulled up by AI sentiment, near all-time highs.
NXE shows significant tightening and is building a higher base, suggesting a potential upside breakout.
CCJ is in a long-term uptrend with potential for higher highs after a small pullback.
Johnson & Johnson shows negative daily momentum but holds key support on longer timeframes, suggesting a hold until further clarity.