US Stock Markets Today: Choppy Trading, Rangebound Trend

19 September 2018 (8:43 AM EDT)

There is still nearly an hour to go before  U.S. stock markets start their session today, but U.s. stock futures have turned slightly negative, indicating a rangebound trading pattern after yesterday’s higher intraday trend.

Nasdaq futures are showing more weakness and Amazon, Facebook, Tesla, Microsoft, Apple are trading negative in pre-opne trading. This tech index is suspiciously making “lower high” pattern on technical charts, although its support line is still intact. But this kind of trading pattern indicates inherent weakness in Nasdaq.

Dow Jones, on the other hand, has been trending in a consistent uptrend. But on monthly charts, this mega index is near its range top and its trend can go in either direction from here- either a positive breakout, or a double top resulting in a trend reversal.

Those possibilities remain in future. Currently, it seems U.S. stock markets will trade with choppiness in opening session. After markets stabilize, the intraday trend will either remain sideways within previous trading range, or U.S. stocks will resume their previous sessions’ uptrend.

Day traders can use pivot levels (given on our Pivot Trading page) to see which way markets are moving. Major indexes that trade above their pivot level will have positive bias while those trading below this level will be under selling pressure. These levels for major stock indexes are:

The best way to start intraday trading is to wait and let markets establish a clear trend, then just trade with that trend.

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Indian Stock Markets Today: Choppy On Oil, Rupee Near Support Levels

19 September 2018 (8:48 AM IST)

Although SGX Nifty is hinting at a positive opening in Indian stock markets today, these markets will remain under pressure on rising crude oil prices, fallen rupee and global worries about trade war between China and the U.S.

Yesterday, Indian stock m markets had a sudden crash in the last trading hour when Brent Crude futures jumped above 79 and rupee fell with equally quick pace. Rising Crude Oil prices are an added worry against the Indian currency that was already under pressure on emerging market worries.

As we keep writing, any bounce back in these markets will attract fresh selling as the current trend is negative in Indian stocks.

Day traders can take help of pivot levels to see the support and resistance levels and plan their intraday trading. These levels are given on our Pivot Trading page. Separate index levels are:

Wait for initial volatility to subside, then trade with the intraday trend which can remain choppy and rangebound initially. The long term trend is down in these markets.

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World Stock Markets Today: Positive Open, Volatile Trading Pattern

19 September 2018 (8:48 AM IST)

18 September 2018 (11:18 PM EDT)

World stock markets have opened with positive numbers after a higher closing in U.S. stock markets in their overnight session. But risen Crude Oil futures and choppiness in currency markets will keep global stocks highly volatile in this session.

All major Asian stock markets are trading positive at this hour. SGX Nifty is also slightly positive, indicating a slightly higher opening in Indian stock markets soon. But U.S. and European stock futures are showing only minor gains, which indicates that these bigger markets may trade rangebound in this session.

Expect a highly volatile trading pattern in global stock markets today where the intraday trend will remain mixed and mostly dominated by regional and local factors such as currency and Oil price impact on local economies.

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US Stock Markets Today: Volatile, Under Pressure on Trade Worries

18 September 2018 (9:13 AM EDT)

After some considerable losses yesterday, U.S. stock futures have been trading with minor gains today, but there seems to be no enthusiasm for a bounce back till now.

This lackluster trading in U.S. stock futures is obviously due to trade tensions with China and it is possible that after a flat / mildly positive opening, U.S. stock markets become subdued again.

There are two trend possibilities for U.S. stock markets today- either, a rangebound session within previous range, or a continuation of previous downtrend.

Day traders should wait and watch which way markets tilt, and then trade with the trend. Intraday pivot levels can also help with support and resistance levels in intraday trend. These levels are given on our Pivot Trading page. Separately, these levels are:

Expect U.S. stock markets to trade with high volatility and remain in a weak trend. Dow Jones and S&P 500, that were showing signs of a breakout, have now dropped within the previous range and have become rangebound again. Nasdaq and Russell 2000 had already been trading sideways and have now moved into a lower trading range.

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Indian Stock Markets Today: Under Pressure on Global, Currency Cues

18 September 2018 (8:46 AM IST)

Indian stock markets are facing double trouble of falling rupee and negative global cues today.

Rupee has become rangebound and this can trigger choppiness in Indian stocks. SGX Nifty is indicating a slightly negative opening but after that, major stock index can either turn rangebound or continue to fall.

Day traders can take help of intraday pivot levels, provided on our Pivot Trading page, to see what trading levels provide support or resistance to Nifty and other major stock indexes. These levels are:

Day traders should wait for markets to become stable after the opening volatile trading pattern. It will help them understand what kind of trading pattern and intraday trading range is taking shape. Once that becomes clear, day trading becomes easy.

Expect a choppy trading session in Indian stock markets today. The intraday trend can turn rangebound with yesterday’s trading range, or these markets can continue to trade lower.

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World Stock Markets Today: Volatile and Subdued Trend on Trade War Worries

18 September 2018 (8:46 AM IST)

17 September 2018 (11:16 PM EDT)

World stock markets have once again opened with mostly negative numbers as the U.S. imposes more tariffs on Chinese goods, thus escalating its ongoing trade war with China.

U.S. stock markets closed with highly negative numbers in their overnight session. Tech index Nasdaq suffered bigger losses as Apple fell on worries about negative impact of the trade war on its products.

Asian stock markets are trading mostly negative. SGX Nifty is indicating a weak opening in Indian stock markets.

Expect global stocks to trade with volatility and remain subdued. Currency market trends can affect emerging markets’ trend.

Day trader should follow the intraday trend in their local stock index and trade with strict stop losses as markets are volatile and any good/ bad news can trigger sudden movement in markets.

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US Stock Markets Today: Choppy, Mixed Trend in Major Indexes

17 September 2018 (7:51 AM EDT)

At this early hour, U.S. stock futures are trading mildly negative, not indicating any clear trend. Nasdaq futures are comparatively more negative so one can assume that tech index will open with slightly bigger cuts.

There are still 90 minutes to go before the opening bell in U.S. stock markets and futures can change course during that time. The margin of decline in stock futures will decide what kind of opening we can expect in U.S. stock markets today. Flat or mildly negative futures will not have much affect on opening level. However, if stock futures turn positive, then a positive opening will increase volatility in U.S. stocks.

This is so because S&P 500 and Dow Jones are very close to their range high levels. Both these indexes are in an uptrend and their weekly and monthly charts are poised to breakout on any good news. Nasdaq and Russell 2000 have turned rangebound, and trading many steps lower than their all-time range high levels. So these indexes may face more resistance than Dow Jones or S&P 500.

Day traders can check intraday support / resistance levels on our Pivot Trading page, which will give them an idea about which way the trend is progressing. Any index that sustains above intraday pivot has more buying support but any index that trades below pivot level, faces more resistance. These levels are:

Wait for the opening volatile trading to cool down and let markets create a clear trend. Then trade with that trend for short duration. Overall, U.S. stock markets may remain highly volatile, mixed and mostly within last week’s trading range.

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Indian Stock Markets Today: Low Open, Choppy On Rupee’s Trend

17 September 2018 (8:22 AM IST)

SGX Nifty is nearly -50 points down in early trading, indicating a similar low opening in Indian stock markets today.

Indian rupee has again fallen against dollar and is now again tumbling towards 73, after some recovery last week. But on Friday, during U.S. session, rupee had closed above 72, and it was enough hint that troubles will return for Indian stocks this week. Rupee is showing weakness on weekly and monthly charts. If it trades continuously lower through the session today, then Indian stocks will also remain under selling pressure.

However, if rupee turns choppy the Indian stock markets may also witness higher volatility. The overall trading range will remain within last week’s high and low levels. Intraday pivot levels for major Indian stock indexes are available on our Pivot Trading page. Separately, these levels are:

Indian stock markets are currently in a downtrend and are making lower high after every bounce, which confirms this negative trend. In between, there will be sharp bounce backs, specially when major indexes drop in oversold region. This is indicated by RSI in hourly charts. Day traders can take also advantage of those minor reversal to trade long, but the major trend is still down and will remain so till Nifty starts making higher low on daily charts.

For intraday trading today, wait for market volatility to subside after a gap down opening. Then trade with the short term trend.

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World Stock Markets Today: Mixed Trend on Trade War Worries, Currency Moves

17 September 2018 (8:22 AM IST)

16 September 2018 (10:52 PM EDT)

The new week in world stock markets has started with negative numbers after reports over the weekend that the U.S. is preparing to impose more tariffs on Chinese goods.

It has put pressure on smaller currencies against dollar and  emerging markets have again come under pressure. Some of the Asian markets are trading positive since their economies stand to gain business by China’s loss. Other markets in the region are down.

U.S. and European stock futures are negative, indicating a lower start of the week in these markets.

SGX Nifty is highly negative, indicating a gap down opening in Indian stock markets today.

A lower start of the week will keep global stocks within the previous week’s trading range.

Day traders should trade with the intraday trend in their local index. For ranegbound indexes, trading within range support and resistance levels will be good  while in trending indexes, short term Moving Average will indicate support (price trading above the MA) or resistance (price trading below the MA) and day trader should trade with these indicators.

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US Stock Markets Today: Choppy, Rangebound Intraday Trend

14 September 2018 (8:43 AM EDT)

U.S. stock markets have a number of economic reports scheduled for today. Some of these, such as various Retail Sales numbers have arrived and have been below expectations, while some more, like Industrial and Manufacturing Production numbers will be released shortly.

U.S. stock futures are only mildly higher after positive closing yesterday. The Dollar index seems to be recovering after this week’s correction. Dow Jones is close to its range top levels, which can keep this index choppy.

Overall, today’s intraday session could remain range bound and volatile based on currency market fluctuations and perhaps, some profit booking in this last session of the week.

Intraday support and resistance levels can provide good clue to intraday trading range of major stock indexes. These levels are given on our Pivot Trading page. Individual levels for indexes are:

Wait for markets to create a clear intraday trend, which can remain within broad support and resistance levels, then follow the short term trend within those levels.

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