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Peter’s Premarket Perspective Thursday, March 14, 2024

By Peter's Premarket Perspective

Overnight  inventory 100% net long Three back to back sessions that have almost equal highs. Price exploration higher overnight but currently trading within range. Core PPI came in higher which…

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Peter’s Premarket Perspective Wednesday, March 13, 2024

By Peter's Premarket Perspective

Tight overnight distribution at higher end of yesterday’s expansion of range. Overnight inventory very balanced indicating acceptance of higher prices at the moment. Nasdaq futures a bit weaker than S&P’s…

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Peter’s Premarket Perspective Friday, March 8

By Peter's Premarket Perspective

Large overnight range similar to yesterday.  Mostly contained within range except for small price exploration into new high territory. If the ONH is not taken out, carry it forward as…

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Peter’s Premarket Perspective Tuesday, March 5

By Peter's Premarket Perspective

True gap lower outside of range puts gap rules into play this morning. While it felt like a topping pattern, yesterday’s RTH distribution didn’t have much excess on the top….

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Peter’s Premarket Perspective Friday, March 1

By Peter's Premarket Perspective

We got the expected buyers yesterday but overall pretty lackluster. Complete lack of follow through today as futures way back down into range. Overnight inventory balanced with minimal price exploration…

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