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Peter’s Premarket Perspective | Friday, July 12, 2024

By Peter's Premarket Perspective

Very balanced o/n inventory with one large probe lower on the 8:30am data release Poor low yesterday is not considered repaired in o/n session and is still a downside reference…

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Peter’s Premarket Perspective | Thursday, July 11, 2024

By Peter's Premarket Perspective

Spike rules apply.  Current premarket indications have us opening within the spike which is bullish Weekly Continuing Claims 1.852 mln — prior revised to 1.856 mln from 1.858 mln June…

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Peter’s Premarket Perspective | Wednesday, July 10, 2024

By Peter's Premarket Perspective

Sellers continue to be absent with overnight activity all within range Overnight activity 100% net long with another 45 degree line low No economic data of note until tomorrow and…

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Peter’s Premarket Perspective | Tuesday, July 09, 2024

By Peter's Premarket Perspective

New all time high in overnight session which should be carried forward as less secure Fed Chairman Jerome Powell will testify to Senate today at 10am ET Overnight activity again…

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Peter’s Premarket Perspective | Monday, July 08, 2024

By Peter's Premarket Perspective

Continued strength as o/n activity comes in to range and rebounds to Friday’s highs 45 degree line low on ONL shows sellers weakness Earnings season starts later this week with…

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Peter’s Premarket Perspective | Friday, July 05, 2024

By Peter's Premarket Perspective

Relatively flat open after Wednesday’s advance Consider yesterday’s shortened futures session to be part of the overnight Nonfarm payrolls increased by 206,000 in June (Briefing.com consensus 170,000) following a revised…

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Peter’s Premarket Perspective | Tuesday, July 02, 2024

By Peter's Premarket Perspective

Non true gap lower net short o/n inventory Yesterday’s RTH action failed to hold the downside breakout; overnight activity is attempting it again JOLTS Job Openings data at 10am ET…

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Peter’s Premarket Perspective | Monday, July 01, 2024

By Peter's Premarket Perspective

Non true gap higher on very balanced o/n inventory Some gains in mega cap stocks ISM Manufacturing Index and Construction Spending data at 10am ET Buyers continue to hold /ES…

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