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Peter’s Premarket Perspective | Thursday, July 18, 2024

By Peter's Premarket Perspective

Non true gap higher on 100% net long overnight inventory Carry forward failure of futures to move below RTH Low in o/n session Encouraging earnings results and guidance from Taiwan Semi…

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Peter’s Premarket Perspective | Wednesday, July 17, 2024

By Peter's Premarket Perspective

True gap lower on almost 100% net short o/n inveotory Weakness in NVIDIA (NVDA) and other chipmakers on Bloomberg report Biden Administration is looking to tighten export restrictions to China Cash market will more…

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Peter’s Premarket Perspective | Tuesday, July 16, 2024

By Peter's Premarket Perspective

Non-true gap higher on very balanced o/n inventory shows that market deems prices quite fair right where they are June Retail Sales came in higher than expected; slight upside reaction…

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Peter’s Premarket Perspective | Friday, July 12, 2024

By Peter's Premarket Perspective

Very balanced o/n inventory with one large probe lower on the 8:30am data release Poor low yesterday is not considered repaired in o/n session and is still a downside reference…

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Peter’s Premarket Perspective | Thursday, July 11, 2024

By Peter's Premarket Perspective

Spike rules apply.  Current premarket indications have us opening within the spike which is bullish Weekly Continuing Claims 1.852 mln — prior revised to 1.856 mln from 1.858 mln June…

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Peter’s Premarket Perspective | Wednesday, July 10, 2024

By Peter's Premarket Perspective

Sellers continue to be absent with overnight activity all within range Overnight activity 100% net long with another 45 degree line low No economic data of note until tomorrow and…

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Peter’s Premarket Perspective | Tuesday, July 09, 2024

By Peter's Premarket Perspective

New all time high in overnight session which should be carried forward as less secure Fed Chairman Jerome Powell will testify to Senate today at 10am ET Overnight activity again…

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Peter’s Premarket Perspective | Monday, July 08, 2024

By Peter's Premarket Perspective

Continued strength as o/n activity comes in to range and rebounds to Friday’s highs 45 degree line low on ONL shows sellers weakness Earnings season starts later this week with…

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Peter’s Premarket Perspective | Friday, July 05, 2024

By Peter's Premarket Perspective

Relatively flat open after Wednesday’s advance Consider yesterday’s shortened futures session to be part of the overnight Nonfarm payrolls increased by 206,000 in June (Briefing.com consensus 170,000) following a revised…

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