19 March 2018 (8:16 AM IST)
18 March 2018 (10:46 PM EDT)
World stock markets have opened with mixed numbers in Asia and highly negative numbers in U.S. stock futures, indicating. mixed and volatile session in global stocks.
Dow Jones futures were down by -100 points earlier in today’s session, confirming fears that political developments on Friday, after the closing bell, will haunt U.S. stock markets when a new week starts. President Trump is now openly going after the FBI and the special counsel Robert Mueller’s investigation and sacked FBI officials are reposting in a confrontational tine. Not a positive signal for U.S. stock markets.
European stock futures are also negative following the low trend in U.S. stock futures. Asian stock markets are showing a mixed response to these negative numbers. Nikkei (Japan) is trading with considerable losses while other markets are trading with positive numbers. SGX Nifty is trading negative with marginal losses, indicating a volatile trading pattern for Indian stock markets.
Expect global stock markets to follow the trend in U.S. stock futures. Especially, Dow Jones futures. The day had stared with highly negative numbers for this these futures and if U.S. stock futures increase through the session, a negative trend will pick up speed in world stock markets.
Global stock markets have been trading in a broad range and have been roaming between support and resistance levels of that range. It makes trading easier for day traders who just have to watch the trend reversal from range support and range resistance levels and then trade with the short term trend.
Watch those levels of your local index and follow the trend, which is expected to remain highly volatile.