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Peter’s Premarket Perspective Monday, April 15, 2024

By Peter's Premarket Perspective

Large non true gap higher back into Friday’s expanded range Iran’s missile attack on Israel was suppressed and failed to effect any real economic damage GS reported, beat estimates, and…

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Peter’s Premarket Perspective Friday, April 12, 2024

By Peter's Premarket Perspective

Non true gap lower after yesterday’s strong close Weakness in JPMorgan Chase (JPM) following better-than-expected earnings report Geopolitical angst with reports Iran could soon attack Israel Michigan Consumer Sentiment number…

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Peter’s Premarket Perspective Thursday, April 11, 2024

By Peter's Premarket Perspective

Yesterday’s gap filled but value remained separate and much lower than prior day’s VA PPI  came in cooler than expected and shot futures back up into range from their prior…

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Peter’s Premarket Perspective Wednesday, April 10, 2024

By Peter's Premarket Perspective

CPI rose a bit and market not liking it All of yesterday’s reversal and strong close erased now Both /ES and /NQ now have potential to trade below the 4.4…

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Peter’s Premarket Perspective Tuesday, April 9, 2024

By Peter's Premarket Perspective

Tight range continues for second day Economic calendar still quiet until tomorrow’s CPI SPX and NDX are both at 8 and 21 moving averages on dailies Daily charts remain neutral…

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Peter’s Premarket Perspective Monday, April 8, 2024

By Peter's Premarket Perspective

Relatively flat open after Friday’s volatility Daily SPX and NDX charts now in a very neutral zone Treasury yields moving back up again Probability of rate cut at June FOMC…

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Peter’s Premarket Perspective Friday, April 5, 2024

By Peter's Premarket Perspective

Yesterday’s rout was broad based (all sectors) and changed the tone cosiderably Large bearish engulfing candles on SPX and NDX Non true gap higher but not very far into range…

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Peter’s Premarket Perspective Thursday, April 4, 2024

By Peter's Premarket Perspective

True gap higher after yesterday’s strong reversal from lows Treasury yields backing off a little bit META & AMZN got their price targets raised Buy the dip mentality still seems…

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Peter’s Premarket Perspective Wednesday, April 3, 2024

By Peter's Premarket Perspective

Non true gap lower back down into yesterday’s range. The large gap down yesterday only filled partially.  Carry forward this remaining gap. Rates continue to stay firm after recent jump…

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Peter’s Premarket Perspective Tuesday, April 2, 2024

By Peter's Premarket Perspective

True gap lower putting gap rules into play. Premarket weakness putting both /ES and /NQ below 8ema’s on the daily which have been very supportive up until now. Rising interest…

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