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Peter’s Premarket Perspective | Wednesday, May 22, 2024

By Peter's Premarket Perspective

Non true gap lower into yesterday’s range Value was very unchanged over last two sessions Balance rules apply to last four RTH sessions FOMC Minutes for April 30-May 1 meeting…

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Peter’s Premarket Perspective | Tuesday, May 21, 2024

By Peter's Premarket Perspective

Flat to down open with overnight distribution in a tight range Market seems a bit hesitant ahead of NVDA’s Wednesday ER Mixed reaction to earnings news: Lowe’s (LOW) and Macy’s (M) higher after results…

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Peter’s Premarket Perspective Friday, May 17, 2024

By Peter's Premarket Perspective

Small, non-true gap higher on balanced overnight inventory The o/n distribution profile tells us a lot about this market (discussed in video) Applied Materials (AMAT) beats by $0.10, beats on revs;…

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Peter’s Premarket Perspective Thursday, May 16, 2024

By Peter's Premarket Perspective

Jobless claims and housing starts didn’t move futures market much Holding at upper end of yesterday’s range on 100% net long O/N inventory NY Fed President John Williams (voting FOMC…

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Peter’s Premarket Perspective Tuesday, May 14, 2024

By Peter's Premarket Perspective

Volatility on PPI release taking futures out of range and then recovering PPI came in much hotter than expected President Biden to increase tariffs on steel, aluminum, semiconductors (from 25%…

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Peter’s Premarket Perspective Monday, May 13, 2024

By Peter's Premarket Perspective

Small non-true gap higher Overnight balanced to net long Apple (AAPL), Microsoft (MSFT), and NVIDIA (NVDA) trading higher on AI optimism No economic data of note but plenty the rest of the week…

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Peter’s Premarket Perspective Friday, May 10, 2024

By Peter's Premarket Perspective

Solid true gap higher; gap rules are in play Overnight /NQ action is now breaking downtrend University of Michigan Consumer Sentiment number coming at 10am ET Atlanta Fed President Bostic…

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Peter’s Premarket Perspective Thursday, May 9, 2024

By Peter's Premarket Perspective

Trading relatively flat around open on balanced o/n inventory Large slate of earnings results triggers mixed reaction AI buzz quiets a bit after Arm Holdings (ARM) only provides in-line guidance for FY25…

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