US Stock Markets Today: Positive But Choppy, Rangebound Trend

19 July 2019 (8:47 am EDT)

Yesterday, US stock markets had a highly volatile session, swinging wildly on the Fed’s rate cut hopes.


But those were false hopes and market’s assumption of 50 basis points cut in the Federal Reserve’s meeting this month was absurd, if nothing else. Central banks don’t take such drastic steps on market-whims, especially when the US economy is doing so well.

Related Post: World Stock Markets Rise on Fed Rate Cut Hopes

Yesterday’s wild swing in US stock markets also tells one more thing, when it comes to trading; traders (big and small) are all prone to being foolishly hopeful. Small traders like us dream of markets trending every day and giving us huge profits in every session and big traders dream of central banks cutting their lending rates like chopping wood for the fireplace! But, neither markets trend every day nor central banks cut their lending rates so drastically now and then.

So today, day traders should be careful about believing in a repetition of yesterday’s rise in US stock markets from intraday bottom levels. US stock futures are still trading highly positive. Dow Jones futures are up by nearly 100 points, indicating a positive opening in this mega index and broader US stock markets. However, the intraday trend could remain rangebound and volatile just like the previous session.

Dow Jones now has a new support level of 27,000 and yesterday it bounced back from close to this level. That also creates a new trading range for this and other major indexes. Day traders can find the intraday range level for these indexes on our Pivot Trading page. These level are:

Expect US stock markets to trade within the last 5 sessions’ trading range. Yesterday’s last candlestick on 5-hour charts will indicate today’s opening trading range. Watch the range levels, wait for markets to create a clear trend, then follow that trend within important support and resistance levels.

In news making stocks- Netflix (NasdaqNFLX) will be watched after creashing more than 10% yesterday. Today, the stock is again down 2% in the pre market trading.



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Indian Stock Markets Today: Positive Opening, Rangebound Trend

19 July 2019 (8:35 am IST)

SGX Nifty is trading with some 30 points gains with positive global cues, indicating a simial positive opening for Indian stock markets too.

Yesterday, Indian stock markets had a negative intraday trend and major indexes closed with big losses. Nifty also lost almost 100 points. We had already written that the index was showing weakness by the way it was struggling near resistance levels.

Last week, Nifty had found it hard to break out of the resistance of 11,600 while rising high from lower levels. But yesterday, while falling from higher levels, this index broke 11,600 (which had now become a support level ) as easily as breaking a dry twig.

Nifty has also fallen below its 20-Day Moving Average on hourly charts, which indicates a short term negative trend in this index and broader Indian stock markets. Nifty has also failed to sustain above the 20-Day MA on weekly and daily charts, which indicates a long term weakness in this index.

Today’s positive opening will this index and broader markets within the previous trading range. Day traders can check intraday range levels for major indexes on our Pivot Trading page. These support and resistance levels are:

Expect Indian stock markets to trade within the previous range, with high levels of volatility. Technical signals are indicating a weakness in these market, the monthly trend is negative in major indexes, but the intraday trend can bounce between major support and resistance levels.

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World Stock Markets Today: Rising on Fed Rate Cut Hopes

19 July 2019 (8:35 am IST)

18 July 2019 (11:05 pm EDT)

US stock markets started their overnight session with highly negative numbers but recovered those losses to close positive after a comment from the New York Federal Reserve President John Williams gave markets hope of a 50 basis points rate cut in this month’s FOMC meeting.

Although, the NY Fed later clarified that Williams was just giving an academic example when he said that central banks need to act quickly in case of economic slowdowns, and not declaring any “potential policy actions.”

Despite that clarification, world stock markets are still trading with gains, reversing their gloomy mood of the previous few sessions. US and European stock futures are showing substantial gains at this hour. All major Asian stock markets are trading positive. SGX Nifty has also turned positive after yesterday’s losses, indicating a positive opening for Indian stock markets today.

However, day traders should remain cautious about this early positive trend in world stock markets because it is based on a remark by a Fed official that markets misunderstood. This means that US stock futures will dominate the global trend and their intraday trading pattern may also dictate the trend in world stock markets.

Expect a positive but volatile intraday trend in world stock markets today. Any news or comment from the Federal Reserve officials can roil markets in any direction, up or down.

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US Stock Markets Today: Volatile On Fed Hopes, Trade Tensions

18 July 2019 (8:50 am EDT)

US stock futures turned positive briefly when the weekly US Jobless Claims numbers came slightly higher. As markets hope for a rate cut from the Federal Reserve, any negative economic reports trigger positive numbers in US stock markets nowadays.

Earlier in the session, US stock futures had fallen with European stock markets. The leading German index Dax had opened with more than 1% losses and is still trading with deep cuts.

US stock markets are still undecided about the US-China trade war and which way it is going. Big tech companies are facing anti-trust and other allegations. The Banking sector is sounding a cautionary note about rate cut plans of the Fed which is making these markets uncertain about their hopes of more stimulus from the central bank.

These factors have put US stock markets on a back foot and this week, US stocks had fallen yesterday after consolidation earlier in the week.

Today’s highly volatile trading pattern in US stock futures hints at a similar choppy intraday trend. Major indexes will trade within the last 4-5 sessions’ trading range. Day traders can take help of pivot levels, given on our Pivot Trading page, to anticipate intraday range levels of major indexes. These levels are:

Expect US stock markets to trade sideways within the support and resistance levels of last few sessions. Market volatility could remain high like other sessions of this week.

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Indian Stock Markets Today: Choppy, Rangebound Trend

18 July 2019 (8:45 am IST)

Indian stock markets went up in the first half of their previous session, then became rangebound and weak in the second half.

Nifty, as we wrote previously, is showing signs of struggle even though the trend has been positive for this index in this week. Yesterday, it stopped at 11,700 and then became rangebound below that level. Usually, when Nifty is in an uptrend, it breaks out of resistance levels easily. But this time, this index is stopping and struggling at every resistance level.

Because of this weakness in Nifty, day traders should cautiously follow this uptrend and be ready to exit their long positions whenever any trend reversal signals are generated.

Today, global stock markets are negative and that could put pressure on Indian stock markets too. SGX Nifty is slightly down, trading within yesterday’s range and a similar rangebound trend could be seen in Indian stock markets too.

Check our Pivot Trading page for intraday range levels of major indexes. These levels are:

Expect a choppy and rangebound intraday trend in Indian stock markets today. Nifty is still trading above the 20-Day Moving Average in hourly charts. Above that technical indicator, this index will remain in a short term uptrend.

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World Stock Markets Today: Negative, Volatile Intraday Trend

18 July 2019 (8:45 am IST)

17 July 2019 (11:15 pm EDT)

US stock markets had a negative closing in their overnight session, with Dow Jones losing more than 100 points. US stock futures have not recovered from that low closing and are still trading with considerable losses in the Asia session.

European stock futures are also negative after a highly negative closing in European stock markets in their previous session.

Taking cues from these big markets, all major Asian stock markets are trading in the red in this session, confirming a negative trend in global stocks at this hour.

SGX Nifty is down by double digits, hinting at a slightly lower opening in Indian stock markets today.

Expect world stock markets to trade under pressure in this session. Markets volatility will remain high as buyers step away and profit booking comes in at current high levels.

Day traders should watch the intraday trend in their local stock markets and trade with the technical signals.

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US Stock Markets Today: Choppy, Rangebound Trend Continues

17 July 2019 (9:12 am EDT)

US stock futures have turned marginally negative which shows that this week’s rangebound and choppy trend will continue in US stock markets.

As we have been discussing previously, the overall trend is positive in these markets. But this week, US stocks are taking a breather after a breakout rally earlier, thus trading within a narrow range.

This is basically a technical trend and major indexes are following their technical signals, roaming between their support and resistance levels.

Our Pivot Trading page provides intraday support and resistance levels for major indexes, which can be useful for day trading. These levels are:

Expect US stock markets to continue with their rangebound trading pattern. The tech and banking sector may come under pressure as the tech titans face Congressional probe and the Bank of America CEO warns against a rate cut policy by the Federal Reserve. The bank’s shares have fallen after declaring lower net interest income.

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Indian Stock Markets Today: Positive But Weak Trend

17 July 2019 (8:33 am IST)

As we had discussed yesterday, Indian stock markets were waiting for Nifty to break out of its range, which happened in the previous session and in the index and broader markets closed positive.

Nifty closed above 11,660 thus establishing a short term uptrend, but this positive trend looked weak and volatile. Nifty is still close to its weekly resistance cerated by 20-Day Moving Average and can turn rangebound at current levels.

Day traders should cautiously watch both support and resistance levels on hourly charts. Nifty will remain in a positive trend as long as trades above the 20-Day Moving Average on hourly charts.

We have provided intraday pivot levels on our Pivot Trading page. These levels can help to find range levels for intraday trading. Find these levels here:

Expect Indian stock markets to follow the trend in Nifty, It was an uptrend yesterday but not as strong as we are used to seeing in Nifty.

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World Stock Markets Today: Volatile, Subdued on Regional Worries

17 July 2019 (8:33 am IST)

16 July 2019 (11:03 pm EDT)

World stock markets are trading with choppiness and under pressure as regional worries take center stage.

Most of the major Asian stock markets are down after China and Singapore posted lower than expected economic data.

US stock markets closed negative in their overnight session as China-USS trade talks again hit a rough patch. At the time of writing, US stock futures are trading with feeble gains and European stock futures have started dipping below the red line.

SGX Nifty is slightly negative, indicating a range bound start to Indian stock markets.

The overall trend at this hour looks subdued and glum for world stock markets. After a recent dash towards higher levels, this is a natural trading cycle for stock markets. Day traders should use trading strategies fit for rangebound trend and trade within the support and resistance levels of their local index.

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US Stock Markets Today: Slow Paced, Pausing in Uptrend

16 July 2019 (9:03 am EDT)

US stock futures are snoozing today, trading with thin margins and hinting at a pause in US stock markets during their current uptrend.

This could be due to today’s scheduled Congressional hearing of big tech companies. Executives of Google, Facebook, Apple, and Amazon will appear before the House Judiciary Committee’s antitrust panel.

As we saw yesterday, major US stock indexes are now taking a breather after two sessions’ of big gains last week. Their trading range has become narrow and choppy. Day trading is not suitable in such narrow trading ranges and small traders should wait for the trend to pick up again for bigger profits.

Today’s intraday range levels in major indexes can be anticipated with the help of pivot levels. These are provided in our Pivot Trading page. For major indexes, these levels are:

Expect US stock markets to trade rangebound with stronger supports. Day traders should watch both lower support and higher resistance levels. Yesterday’s range levels on hourly charts can provide good indications of today’s intraday trading pattern.

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