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Peter’s Premarket Perspective Friday August 18, 2023

By Peter's Premarket Perspective

Large true gap lower.  Gap rules are in play. Value area stretched down to LOD yesterday indicating stronger selling. Key support level in NDX will break today. China concerns are…

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Peter’s Premarket Perspective Friday August 11, 2023

By Peter's Premarket Perspective

Market continues to plod lower in a halting manner.  Sector divergene continues to be the ruling reason. Value has been essentially unchnaged for three RTH sessions. Price action remains driven…

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Peter’s Premarket Perspective Thursday August 10, 2023

By Peter's Premarket Perspective

Very two sided action with large round trips leaving value unchanged. CPI pushed futures slightly out of range but not by much.  Reading was flat and at consensus. Price action…

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Peter’s Premarket Perspective Wednesday August 9, 2023

By Peter's Premarket Perspective

True gap higher on net long overnight inventory. Yesterday had decent expansion of range with a high close but without value or POC migrating higher. Nasdaq tested a key trendline…

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