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.