US Stock Markets Today: Piling Up On Previous gains

18 January 2019 (9:28am EST)

U.S. stock markets have already bee giving enough hints about inching higher and getting stronger supports, so nobody should be surprised that U.S. stock markets have opened with another gap up.

U.S. futures had rallied earlier through the global session, indicating another positive session in U.S. stock markets today. Dow Jones, as we wrote previously, has had ten consecutive positive days and if the indexes close with green numbers in today’s session, it will be its 11th straight positive session.

For today’s trading, day traders can take help of intraday pivot levels given on our Pivot Trading page. For major indexes, these levels are:

As usual, day traders would do better to wait for initial volatility to cool down and the start trading.

Expect markets to remain volatile like before and that is why, day traders should sty aired of any possible trend reversal from’s day’s high levels, in spite of a gap up opening in U.S. stock markets.

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Indian Stock Markets Today: Range bound on Rupee, Technical Resistance

18 January 2019 (8:42 am IST)

Indian stock markets have been trading with high volatility and in a range bound trading pattern in recent many sessions. Major indexes have been trading up and down from their support and resistance levels.


Dollar has gone above 71 against rupee, and Nifty and Bank Nifty are trading near their major technical resistance levels. These two factors are keeping Indian stocks markets from breaking out of their current range. Traders in these markets will have to wait and see if, and when, that breakout happens.

Till then, day traders can take advantage of market volatility and trade in both up and down directions. Buy when markets reverse from support levels and sell when the reversal happens near resistance levels. You can find these intra day levels on our Pivot Trading page. For major indexes, these levels are:

Expect another choppy and range bound session in Indian stock markets. Day traders should continue to trade cautiously and monitor their trades closely for any signs of trend reversal.



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World Stock Markets Today: Positive Start, Support Gets Stronger

18 January 2019 (8:42 am IST)

17 January 2019 (10:12 pm EST)

World stock markets are looking like a green field of new leaves as global stocks happily unfold for this last session of the week, after another positive closing in U.S. stock markets.

As we had written before the opening bell in their overnight session, U.S. stock markets found support after a negative opening and rallied up to close with healthy gains.

On technical charts, Dow Jones has now made 10 consecutive positive candlesticks and is just 50 odd points away from getting back within its monthly trading range. Once this index starts closing above 24,415 mark, it will be back above previous year’s support levels.

If and when that happens, it  will make Dow Jones  range bound  within last year’s trading range and then, it will be in a position to look higher and try to breakout of previous high level. In other words, then Dow Jones and broader U.S. stock markets will be back to normal.

Perhaps that big rally will come once the partial U.S. government shutdown is over.

Global stocks are hopeful of that event and that’s why support levels are now getting stronger, although the volatility levels are still very high and markets are still trading mostly sideways during intra day trading.

At the time of writing, all major Asian stock markets are trading with positive numbers. SGX Nifty is up with big gains, indicating a higher opening in Indian stock markets. U.S. stock futures are much higher in early trading but European stock futures are only mildly higher due to their regional troubles.

Expect a mostly positive session in world stock markets today. Various markets will trade with their technical ranges and buying at support levels will be a better trading strategy.

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US Stock Markets Today: Another Choppy Session, but The Trend is Inching Up

17 January 2019 (8:38 am EST)

Till now, 2019 has been good for U.S. stock markets. Major stock indexes have been slowly inching up and have made three “higher low” marks which indicate a minor uptrend.

Dow Jones created the first higher low on Dec 26, a historic day when the index  rallied 1,000 points. It made the second higher low on Jan 4 and the third higher low, with a breakout from range restrictions, happened in this index yesterday.

So, even though U.S. stock futures are trading negative, one can expect a range bound intra day trend in these markets. The U.S. economy is thriving like neverbefore. The Labor Market is deliveringrecord jobs numbers every week. Only a technical resistance, that too only on monthly charts, is stopping Dow Jones for moving higher rapidly and re-entering last year’s trading range.

For day traders, these choppy conditions can become very destructive and quickly eat into their trading capital. They must conserve their money and trade carefully. There will be big profits to make when markets start trending. Till then, just watch support and resistance levels and trade within those levels for short term trades and smaller profits.

We have provided these intraday support and resistance levels on our Pivot Trading page to help day traders. For major indexes, these levels are:

Expect a choppy intraday trend in U.S. stock markets today. The treading range has been smaller in recent sessions but the support levels have gotten stronger in last two sessions (yeah, right from the day when we wrote that support levels could break!).

Right now, the trend in literally inching up in U.S. stock markets so day traders must follow what markets do, must keep stop loss in all their trades and must have patience to wait for a bigger trend for bigger profits. Till that happens, it will be sideways, choppy and mostly range bound trading pattern in these markets.

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Indian Stock Markets Today: Choppy Near Range Resistance Levels

17 January 2019 (8:55 am IST)

As we wrote previously, Indian stock markets are trading in a choppy manner near their current range resistance levels.

Yesterday, these markets rose in the first half and then gave up much of their gains in the second half. It was a classing range bound trading pattern where traders could buy at support and sell at resistance too.

Day traders can check the trading range levels  with intra day pivot levels, provided on our Pivot Trading page. For major indexes, these levels are:

Expect a choppy and range bound trading pattern in Indian stock markets today. Check 15- Minutes and 30-Minutes charts for the intraday trend and trade with that trend between support and resistance levels.

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World Stock Markets Today: Choppy, Sideways Trend Continues

17 January 2019 (8:55 am IST)

16 January 2019 (10:25 pm EST)

The Asia session of world stock markets is in full swing now, and the trend is mildly positive, but still choppy and sideways on worries about the Chinese economy.

U.S. stock markets had a mixed closing. Nasdaq close in the red, and U.S. and European stock futures are trading negative at this hour, pressurized by their own regional worries.

SGX Nifty is slightly positive, indicating that Indian stock markets will remain confined in their own current range.

Expect a choppy and sideways trading pattern in world stock markets. The trend in U.S. stock markets will continue to dominate global stocks. For day traders, who take stock trading as their business, this is just a lull before their “earning season” (read big trend) starts in markets. For those ignorant traders who take trading as a 9 to 5 job and start thrashing around in markets as soon as the opening bell rings; this sideways trend will be a money-losing season.

For profits in intra day trading, wait and watch your local markets to create a clear intra day trend. Then trade with that trend for short duration and small profits. That’s the best trading strategy for range bound markets.

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US Stock Markets Today: Futures Indicate Higher Open, Choppy Trend

16 January 2019 (9:04 am EST)

U.S. stock futures are trading with considerable gains, indicating  higher opening in U.S. stock markets today.

If major stock indexes open with equal gains, and retain their higher numbers through the session, then it will help in braking out of current narrow range.

However, if U.S. stocks slip down from higher opening levels, then major indexes will be back in last week’s narrow range and will trade sideways with choppiness.

Day traders can use pivot levels, provided on our Pivot Trading page to anticipate intra day trading range. For major stock indexes, these levels are:

U.S. stock markets have been inching up from last December’s lowest levels. But on 5-hour charts, the trend still looks range bound after that minor bounce. Major indexes now need a strong rally to convince traders/ investors that support is back and that minor uptrend has strength to change it to bigger uptrend.

Till that happens, we might continue to see a sideways trend in U.S. stock markets, below last year’s support levels.

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Indian Stock Markets Today: Choppy Trading Pattern Near Resistance Levels

16 January 2019 (9:28 am IST)

Indian stock markets have started with positive numbers and have bounced back from their range support levels, now heading towards range resistance levels.

There could be some choppiness at current levels but Nifty still has more headroom to move higher, till 10,982 and if this index starts rising up after the initial volatile hour, then Indian stock markets can trade higher through the session.

Rupee is also finding support against dollar today, But Bank Nifty has been ignoring the slide in rupee and finding support on global cues. So, watch for its rise fro support levels in today’s session. On daily charts, both Nifty and Bank Nifty are reversing from support levels and going towards higher levels. The only obstacle is that on hourly charts, these indexes could face some resistance.

We have provided intraday pivot levels on our Pivot Trading page. For major Indian stock indexes, these levels are:

For day trading, let markets get over the initial choppy trading and create an intraday trend. Then trade with that trend as long as the trend line remains intact.

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World Stock Markets Today: Mixed, Choppy and Range Bound Trend

16 January 2019 (9:28 am IST)

15 January 2019 (10:58 pm EST)

World stock markets are showing a mixed trend in today’s session, based on regional factors.

In Asia, some major markets are trading negative while other are up with positive numbers. Indian stock markets are trading positive in their opening session, following a higher closing in U.S. stock markets and support to their local currency.

U.S. and European stock futures are moderately positive after the Brexit vote is over.

Overall, world stock markets are trading on their local and technical factors in this session and the trading pattern will still remain choppy and mostly within important range levels. Day traders ca take help of technical indicator Bollinger Band to see where their local index finds support and resistance. That will help them buy at support and sell when the trend reverses from resistance levels.

Global stocks will still trade with higher volatility and day traders should be alert about any sudden trend change on any local/ global news.

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US Stock Markets Today: Resistance Gets Stronger, Range Breakdown Possible

15 January 2019 (8:40 am EST)

U.S. stock futures traded highly positive through the global session but just half an hour ago, those numbers dived down to lose earlier gains.

Dow Jones futures saw a bigger decline and turned negative. In fact, these futures lost more than -200 points from session’s high levels.

This shows that bulls are now losing patience’s and retreating, and current resistance levels are getting stronger.

In last five sessions, major U.S. indexes have been trading in a very narrow range. Such low volatility conditions usually end in a big move in markets. Since the current political deadlock  over the Southern Border wall does not seem to be ending soon, we can assume that any big up-move is out of question for U.S. stock markets and chances of a downward move are increasing.

For day trading, daily pivot levels are provided on our Pivot Trading page. For major indexes, these levels are:

Expect another choppy and weak session in U.S. stock markets today. Last year’s low levels are posing strong resistance to major indexes and it can trigger a small breakdown soon in these markets.

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