Daily Premarket Outlook

Good morning traders, this morning will be all about the employment situation that takes place at 8:30am. This could send us back down which could spark up a wild round of sale side activity or it could ignite a short-lived rally. The reason why I say a short-lived rally is just above is the weekly

Good morning traders, the range is the range until you see the fireworks that are going to happen when we break the range. For the last 5 weeks we have closed inside the market makers weekly expected move with the exception of a scare on 3/31/23 in which we closed outside the upper edge and

Good morning traders, there are plenty of earning’s examples this morning but I want to single out PayPal. PayPal had relatively decent earnings reporting better than expected profit and revenues even raising full year profit guidance despite all of that it is still down close to 5% in premarket trading. A couple things to remember

Good morning traders, if you can’t tell by the title but today is all about the CPI report. It’s that simple and binary that could trigger a run for a couple days. The simple part of it is if the report exceeds estimates stocks will fall, bonds will fall, Yields will rise, and the dollar

Good morning traders, you may have thought inflation data was over but it’s not. This morning we have PPI at the same time of jobless claims. PPI is another inflation measure but on the wholesale side. If it exceeds estimates: stocks fall, bonds fall, yields rise and the dollar gets stronger. If estimates miss: stocks

Good morning traders, today is all about the bigger picture not the song by lil baby (really love that song though) but the charts outside of intraday looks. Today and this week it will help by stepping back and looking at the bigger picture, or the 30,000-foot view. Backing out to a one-year daily chart