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Peter’s Premarket Perspective | Tuesday, July 23, 2024

By Peter's Premarket Perspective

Non true gap lower within yesterday’s RTH range Almost all overnight activity is within the value area Very minimal price exploration outside of RTH range (short covering is slowing) June…

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Peter’s Premarket Perspective | Friday, July 19, 2024

By Peter's Premarket Perspective

Very flat open on very balanced overnigth inventory Yesterday’s low tested the 21ema on the SPX daily Earnings reports from Netflix (NFLX), American Express (AXP), Travelers (TRV), SLB Corp. (SLB),…

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Peter’s Premarket Perspective | Thursday, July 18, 2024

By Peter's Premarket Perspective

Non true gap higher on 100% net long overnight inventory Carry forward failure of futures to move below RTH Low in o/n session Encouraging earnings results and guidance from Taiwan Semi…

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Peter’s Premarket Perspective | Wednesday, July 17, 2024

By Peter's Premarket Perspective

True gap lower on almost 100% net short o/n inveotory Weakness in NVIDIA (NVDA) and other chipmakers on Bloomberg report Biden Administration is looking to tighten export restrictions to China Cash market will more…

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Peter’s Premarket Perspective | Tuesday, July 16, 2024

By Peter's Premarket Perspective

Non-true gap higher on very balanced o/n inventory shows that market deems prices quite fair right where they are June Retail Sales came in higher than expected; slight upside reaction…

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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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