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Peter’s Premarket Perspective Friday, April 19, 2024

By Peter's Premarket Perspective

Relatively flat open after huge volatility overnight that explored about 80 /ES handles below the RTH Low. Volatility following news that Israel launched an attack on Iran that was ultimately…

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Peter’s Premarket Perspective Thursday, April 18, 2024

By Peter's Premarket Perspective

Small non true gap higher.  All overnight activity within the value area. Crude oil pulling back on easing concerns of Israel/Iran conflict escalation. Cleveland Fed President Loretta Mester (FOMC voter)…

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Peter’s Premarket Perspective Wednesday, April 17, 2024

By Peter's Premarket Perspective

Yesteraday’s short covering balance didn’t advance the market much; key levels above untested. Overnight activity about 99% within yesterday’s range which indicates a continuation of balance for now Economic data…

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Peter’s Premarket Perspective Tuesday, April 16, 2024

By Peter's Premarket Perspective

Relatively flat open after some price exploration lower overnight Dow component UnitedHealth Group (UNH) up 7% after better-than-expected earnings results Housing starts came in lower than expected 8 ema’s have now pinched…

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Peter’s Premarket Perspective Monday, April 15, 2024

By Peter's Premarket Perspective

Large non true gap higher back into Friday’s expanded range Iran’s missile attack on Israel was suppressed and failed to effect any real economic damage GS reported, beat estimates, and…

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Peter’s Premarket Perspective Friday, April 12, 2024

By Peter's Premarket Perspective

Non true gap lower after yesterday’s strong close Weakness in JPMorgan Chase (JPM) following better-than-expected earnings report Geopolitical angst with reports Iran could soon attack Israel Michigan Consumer Sentiment number…

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Peter’s Premarket Perspective Thursday, April 11, 2024

By Peter's Premarket Perspective

Yesterday’s gap filled but value remained separate and much lower than prior day’s VA PPI  came in cooler than expected and shot futures back up into range from their prior…

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Peter’s Premarket Perspective Tuesday, April 9, 2024

By Peter's Premarket Perspective

Tight range continues for second day Economic calendar still quiet until tomorrow’s CPI SPX and NDX are both at 8 and 21 moving averages on dailies Daily charts remain neutral…

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Peter’s Premarket Perspective Monday, April 8, 2024

By Peter's Premarket Perspective

Relatively flat open after Friday’s volatility Daily SPX and NDX charts now in a very neutral zone Treasury yields moving back up again Probability of rate cut at June FOMC…

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