US Stock Markets Today: High Opening, Rangebound Trend

16 August 2019 (9:10 am EDT)

US stock futures are trading with big gains in this session, showing that US stocks will open with higher numbers. Despite a positive opening, US stock markets will remain rangebound within the last three sessions’ trading range.


US stock markets have seen an extremely volatile trading pattern this week, have been swinging wildly in a broad range and that range is expected to hold its upper and lower levels in this session too.

For day trading, find intraday range levels of major indexes on our Pivot Trading page. These levels are:

Expect US stock markets to open positive and erase some of the previous losses. Still, this week’s tradign range has been quite broad and these markets will stay within that range.

The rangebound trend is usually more volatile. Day traders should watch both support and resistance levels and trade within those levels with the short term trend.



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Indian Stock Markets Today: Resistance Gets Stronger, Support Weak

16 August 2019 (9:20 am IST)

Indian stock markets were closed yesterday and escaped the big volatility in global stocks.

Today, these markets have fallen immediately after the feeble opening.

On Wednesday, these markets had a positive session but resistance levels kept their gains restricted. For Nifty, 11,000 seemed a difficult level to pass and the index kept below it in spite of support near 10,930. Daily line charts are showing a “lower high” formation in Nifty at 11,100 and then 11,000 levels which usually indicates a downtrend.

As we wrote previously, Indian stock markets had a feeble bounce back after a severe downtrend and now that downtrend is back. For Nifty there are only two support levels; 10,924 and 10,850 after which a new wave of the current downtrend can hit this index and broader Indian stock markets.

Intraday pivot levels are important technical levels where the price usually makes significant moves. These levels are given on our Pivot Trading page and are:

Indian stock markets are currently rangebound in a very narrow range near their lowest support levels. Day traders should wait and watch both support and resistance levels of this range. Buying is weak but selling pressure is strong so selling near high/ resistance levels makes for a good intraday trading strategy.

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World Stock Markets Today: Volatile, Finding Support Near Weekly Low

16 August 2019 (9:10 am IST)

15 August 2019 (11:34 pm EDT)

US stock markets clung to their lowest levels of the previous week and found support to close with mixed but healthy numbers.

In the Asia session, US and European stock future are trading with big gains, indicating that the support is getting stronger for these bigger markets.

This support has boosted major Asian stock markets too that are trading mixed, with slightly positive or negative numbers.

Indian stock markets are showing positive but feeble gains in their pre-open numbers, indicating a rangebound trend in these markets.

Expect world stock markets to trade with choppiness but stay above their weekly support. Now that China and the US have toned down their verbal spat, we can expect some support in global stock markets.

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US Stock Markets Today: Weak, Volatile Trend

15 August 2019 (8:50 am EDT)

US stock futures are trading with healthy gains at the time of writing, but their trend has been highly volatile through the global session, indicating a weak trend for US stock markets too.

As written previously, US stock markets are trading on news and any positive or negative news can trigger extreme reactions in these markets.

Yesterday, US stocks had closed with big losses, near the last week’s lowest points. That was a precarious situation and today, if these markets turn negative again and fall below that points, it could increase the selling pressure in US stocks.

At this hour, US stock futures are pointing to a positive opening in US stock markets. That will create a range-bound trend within the previous sessions’ trading range. The broader intraday range levels for major indexes are given on our Pivot Trading page. These levels are:

Expect US stock markets to open with positive numbers. After that, based on the news flow, the intraday trend will either turn sideways and stay positive or decline and turn negative. Day traders should trade cautiously, closely follow the trend and be ready to exit their position at the slightest signal of markets going against their open positions.

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World Stock Markets Today: Under Pressure, Volatile Trend

15 August 2019

US Stock markets fell with big margins in their overnight session and closed near the last week’s lowest point on various geopolitical and economic worries.

In the Asia session, US and European stock futures had opened with healthy margins and were trading positive after the US President Trump offered to have direct talks with China’s President Xi over the Hong Kong issue.

Following those positive numbers, major Asian stock markets had opened with mixed numbers.

But in the last hour or so, US and European stock futures have turned volatile and have trimmed their gains. This indicates that bigger stock markets are still jittery. Major Asian stock markets have also turned negative. Indian stock markets are closed for their Independence day so the lower numbers in SGX Nifty do not count today.

Right now, US stock futures are maintaining their lead, but the trend is subdued. World stock markets are mostly trading on news, so any positive news can turn the tide in global stocks. With world stock markets, we’ll also have to wait for such positive news. Till that happens, expect world stock markets to trade under pressure and remain highly volatile.

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US Stock Markets Today: Negative Opening, Rangebound Trend

14 August 2019 (8:52 am EDT)

US stock futures are trading highly negative on diplomatic tension between China and the US on Hong Kong unrests.

The highly negative futures are indicating a gap down opening in US stock markets today, but that will only take these markets near yesterday’s opening levels and in effect create a rangebound trend.

After the low opening, US stocks will either trade sideways within the previous trading range or continue to fall, withing this week’s range.

If US stock markets incur even more losses, still these markets will stay within the previous week’s trading range. Thus, we are going to see a broad, rangebound trend in these markets in this session.

Use pivot levels provided on our Pivot Trading page to know intraday range levels. For major indexes, these levels will be:

Expect US stock markets to trade with high volatility similar to previous few sessions. Any positive or negative news can trigger extreme volatility in markets as we saw yesterday. In such conditions, day traders should trade with cautions and never take eyes off their trades. It goes without saying that keeping strict stop loss in all open positions is a must.

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Indian Stock Markets Today: Previous Downtrend Returns

14 August 2019 (8:44 am IST)

Indian stock markets will remain closed for their Independence Day tomorrow so weekly Options expiration will happen today. This can increase volatility in these markets.

SGX Nifty had an extremely volatile late-night session when this futures index of Nifty rallied 73 points with US stock markets and then gave up all gains to turn negative.

This indicates that yesterday’s selling pressure is still in place and could affect the intraday trend in Indian stock markets.

After a relentless downtrend, Indian stock markets had a feeble bounce back in the previous week, but in the previous session, that downtrend returned with full force in these markets on negative global cues.

Yesterday, Indian stock markets crashed with big margins as global cues turned highly negative on geopolitical risks. With that fall, the slight bounce-back of the previous week was erased.

Nifty lost nearly 200 points and barely survived 10,900 level. The index fell from the resistance of 20-Day Moving Average and closed below the same MA of monthly charts. This indicates strong resistance persists in Nifty and broader Indian stock markets.

Today, a flat or slightly positive opening could keep Nifty and broader Indian stock markets rangebound. For major indexes, intraday range levels are given on our Pivot Trading page. These levels are:

Expect Indian stock markets to trade with volatility near the previous close in this session.

These markets have failed to sustain the small bounce back and now we have to wait and see when the previous week’s support levels are broken. If, and when that happens, Indian stock markets will proceed to the next stage of their current downtrend. Till that happens, these markets will be trading sideways in this week’s trading range.

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World Stock Markets Today: Mixed Start, Choppy Trend

14 August 2019 (8:44 am IST)

13 August 2019 (11:13 pm EDT)

US stock markets had an extremely sharp trend reversal in the overnight session when the US announces some tariff delays on China goods, including those on smartphones.

This brought a huge rally in US stocks, especially in Apple and the tech index Nasdaq, that shot up more than 2% within minutes. US stocks markets were also relieved by a small but positive trend in Argentia markets after Monday’s crash.

Despite a rally, US stock markets remained rangebound and today, US and European stock futures are trading negative in early Asia sessions.

All major Asian stock markets are trading positive, but SGX Nifty is flat, indicating a rangebound trend after yesterday’s fall.

These mixed numbers indicate that world stock markets are still jittery and will trade mostly on local cues.

Day traders should follow the trend in their local index and trade according to the technical signals and intraday trend.

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US Stock Markets Today: Negative Start, Volatile Trend

13 August 2019 (8:35 am EDT)

US stock markets were already under pressure in the US-China trade worries.

Now geopolitical turbulence in other regions have added to those worries and made US stocks to fall with big margins in the previous session. Today also, US stock futures are trading negative, indicating that yesterday’s negative trend will continue in US stock markets.

In Asia, simmering public unrest in Hong Kong is keeping investors worried. Yesterday, Argentina added rocket fuel to those worries when its main index fell by whopping 15434.64 points (38,94%) on unexpected results in the country’s presidential primary elections. the pro-business and pro-reform leader, President Mauricio Macri lost by a bigger than expected margin. Argentine currency peso lost 25% of its value against the USD in just one day.

This market-havoc in Argentina shook other markets too and jittery US stock markets also traded negative on Monday and closed lower by substantial margins.

Dow Jones closed much below the support of 26,000. Although the previous week’s range support levels are still intact, going by the highly negative US stock futures and European stock markets at this time, one can expect that US stock markets will trade under pressure, especially if there is no respite in Argentine stock markets.

Day traders can use pivot levels given on our Pivot Trading page to see which levels are providing resistance or support to US stock indexes. These levels are:

US stock markets are expected to trade within the lower half previous week’s trading range. The monthly, weekly and daily trends are negative for US stock markets at this time.

Last week’s lowest point will be an important support level for major US stock indexes. If that support is breached for any reason, we can expect more losses in these markets. Otherwise, it will be a rangebound trend within the last week’s trading range.

We’ll keep an eye on Argentinian stock markets (which will open half an hour after the opening bell in US stock markets) and update our readers about what is happening in those markets. Their opening could create volatility in US and European stock markets too and day traders should cautiously watch the intraday trend during that time.

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Indian Stock Markets Today: Rangebound, Choppy Trend

13 August 2019 (8:59 am IST)

Indian Stock Markets Today: Rangebound, Choppy Trend

Indian stock markets have recently reversed their downtrend and are now rangebound between important support and resistance levels.

For Nifty, this resistance is 9-Day Moving Average on monthly charts and support is 20-Day MA on the same charts.

The immediate trading range for these markets will be between the last session’s high and low levels. A broader range can be identified with the help of pivot levels, given on our Pivot Trading page. These levels are:

Indian stock markets are expected to trade sideways on negative global cues and some stimulus hopes in local markets. Day traders should watch both support and resistance levels and trade cautiously within those levels. Markets can be volatile as the previous session.

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