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Peter’s Premarket Perspective Monday, March 18, 2024

By Peter's Premarket Perspective

Futures taking back all of Friday’s losses and then some on a true gap higher. Big tech rebound is fueling the rise with positive news from GOOGL, AAPL, and TSLA….

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Peter’s Premarket Perspective Friday, March 15, 2024

By Peter's Premarket Perspective

21 ema on daiily NDX  chart is extremely important now (discussed in video) All price exploration lower seems to be failing continually Overnight inventory very balanced with a 45 degree…

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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 Tuesday, March 12, 2024

By Peter's Premarket Perspective

One of the most two sided and choppy sessions we’ve seen in awhile yesterday – lots of indecision ORCL and NVDA gapping up this morning.  Is it enough? New “M”…

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Peter’s Premarket Perspective Monday, March 11

By Peter's Premarket Perspective

True  gap lower; gap rules are in play. This will open the /ES and /NQ below the 8ema. NVDA down a bit further off of Friday’s selling which is weighing…

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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 Thursday, March 7

By Peter's Premarket Perspective

Wild futures action overnight making low out of range before moving much higher near RTH High. Fed Chair Powell said Wednesday that Fed not ready to cut rates yet, but…

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Peter’s Premarket Perspective Wednesday, March 6

By Peter's Premarket Perspective

Strong, non true gap higher back into yesterday’s large range. For now, market telling us that it wants to hold above the key 8ema’s on daily charts. Huge gap higher…

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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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