World Stock Markets Today: Mix, Highly Volatile Intraday Trend

24 June 2019 (9:34 am am IST)

24 June 2019 (12:04 am EDT)

World stock markets have opened with a mixed trend. A couple of hours ago, in Asia major stock markets for all trading negative, while U.S. Stock futures trading slightly positive.

That indicated a mixed trend in global stock markets in this session at the start of the week. Now Asian stock markets have also turned mixed, some trading positive and some negative. Indian stock markets open with slightly positive numbers. U.S. and European stock futures 8 reading positive.

This shows that world stock markets are not following any single trend and are trading mostly on their local geopolitical, economic and technical factors.

Day trading becomes easy in such market conditions because their traders can now focus completely on their local main index, and follow its technical trend.

Expect world stock markets to trade with high volatility and remain within previous weeks range, mostly. Military tensions between the United States and Iran are still dominating world stock markets so the trend will remain volatile and uncertain.

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US Stock Markets Today: Volatile, Rangebound Trend

21 June 2019 (8:23 am EDT)

U.S. stock futures have been trading negative through the global session on the U.S.- Iran military tensions.

This being the last session off the week, big traders and investors may look for profit booking before markets close for the weekend.

That caution may keep U.S. stock markets highly volatile and within the last session’s high and low levels. Yesterday, U.S. stock markets had a similar choppy session where in the middle of the session, major indexes had come precariously close to turning negative after a high open.

In such rangebound market conditions, support and resistance levels play a major role in defining the trading range. We have provided these intraday levels on our Pivot Trading page. These levels are:

Expect U.S. stock markets to trade with volatility and remain subdued on geopolitical tensions. We’ll have to wait for the next week to see how things develop on the political/ diplomatic front and that will decide the trend in U.S. stock markets too.

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Indian Stock Markets Today: Volatile and Range bound on Global Cues

21 June 2019 (8:59 am IST)

Indian stock market had enjoyed a big rally yesterday with rising global stock markets. Today, these markets are expected to open flat and remain range bound and highly volatile as global markets also cool down.

Technically, the trend has changed in these markets and has become an uptrend. As long as any and ex keeps trading above its 20-day Moving Average on one-hour charts, the index will be considered in an uptrend.

However, any index that drops below its 20-day moving average on the hourly chart, it will be considered in a downtrend.

Day traders can use the pivot level given on our Pivot Trading page. For Major indexes these levels are :

Expect Indian stock markets to trade with high volatility and trade within their previous important support and resistance levels. These markets are following global cues now, so the intraday trading pattern could be dominated by the same factors.

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Wold Stock Markets Today: Choppy and Subdued after Rally

21 June 2019 (8:59 am IST)
20 June 2019 (11:29 pm EDT)

Just a day after a huge rally, w world stock markets have turned very choppy after a highly volatile session in US stock markets where major indexes almost turn negative after a highly positive open.

As a result, almost all major Asian stock markets are trading negative, U.S. and European stock futures are also considerable negatives. SGX Nifty is also subdued, indicating negative of flat opening in Indian stock markets.

Various geopolitical tensions have triggered this negative start in world stock markets today. Us China trade tensions having slowly escalating, then there have been attacks on oil tankers and rumors of US President Trump thinking of removing the Federal Reserve chief Jerome Powell have renewed pressure of on global stocks.

Day traders should watch support and resistance levels in their local index, and follow the short duration trend for intraday day trading. Market volatility is expected to remain quite high so day readers must stay alert about their open position and watch markets for any sudden trend reversal signals.

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US Stock Markets Today: Start of New Central Bank UpTrend

20 June 2019 (9:00 am EDT)

US Stock futures are rallying with huge gains, indicating a similar trend in US stock markets after the opening bell.

This is a new uptrend started by big central banks; the Federal Reserve and the European Central Bank. These big central banks have hinted at new stimulus for the economy, which usually means free liquidity pouring into the stock markets. That’s why big money is moving out of the bond Markets and into the equities, triggering a global uptrend.

We have seen this kind of very strong global uptrend in 2011, which had run for many years. So now, we are back in the same situation where US and European stock markets are expected to continue with a long uptrend, followed by global stock markets.

This “central bank uptrend” is very good for positional trading and day traders can forget all about resistance levels, and look only at support levels to buy on dips.

We have provided intraday support and resistance levels on our Pivot Trading page. But frankly, in such strong, news-based uptrend, all levels will act as support levels. Watch for markets to pause near any of these levels and then rise again. That will be the time to start taking long positions. For major indexes, these levels are:

Expect U.S. stock markets to open with big gains, and unless some negative news stops U.S. markets, these markets will continue to climb higher for many months, perhaps.

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Indian Stock Markets Today: Range bound, Choppy Trend

20 June 2019 (8:30 am IST)

SGX Nifty is trading with games of nearly 40 points at the time of writing, indicating that Indian stock markets will also have a higher opening.

But, like yesterday, these markets are expected to remain range-bound and trade with choppiness. Yesterday also these market had opened with high numbers but soon thereafter they gave up all gains, turned negative and traded in a very volatile trading pattern.

This confirms arrange bounded trading pattern in these markets. So the best day trading strategy will be watching important support and resistance levels, and trading with the trend line between those levels.

We have provided intraday pivot levels on our Pivot Trading page. Day traders can use these levels for trade entry and exit points. These levels are:

Expect Indian stock markets to trade in a sideways trend and remain highly volatile. Day traders should watch both support and resistance levels, and trade with the dominating short-term trend between those levels.

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World Stock Markets Today: Positive but range bound Trend

20 June 2019 (8:30 am IST)
19 June 2019 (11:00 pm EDT)

World stock markets are trading positive after the Federal Reserve hinted at a possible rate cut in near future.

All major Asian stock markets are trading with positive numbers. SGX Nifty is also positive indicating a higher opening but range bound trend in Indian stock markets.

But U.S. and European stock futures are trading with very mild gains, perhaps taking a breather after this week’s earlier mammoth rallies.

The best day trading strategy will be to watch support and resistance levels and as trade between those levels with the short term trend. Markets are expected to remain with this week high and low level, so range bound trading pattern will dominate major stock markets. This will also lead to an increase in volatility levels so day traders should be cautious and be ready for any trend reversal through the session.

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US Stock Markets Today: Slow Paced Before Fed’s Policy

19 June 2019 (9:03 am EDT)

U.S. stock futures have been flat, showing that U.S. stock markets will open and trade at a slow pace till the Federal Reserve’s policy announcement later in the day.

The Fed’s policy will be announced at 2pm EDT today, then at 2.30 there will be a press conference, so U.S. markets could remain volatile in the second half and range bound in the first.

Day traders can use support and resistance levels given on our Pivot Trading page. For major indexes, these levels are:

Expect U.S. stock markets to trade with volatility and remain slow paced in early trading. During the Fed’s decision time, choppiness may increase. Today’s closing levels could be more important that opening levels.

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Indian Stock Markets Today: Building on Previous Support, Volatile Trend

19 June 2019 (8:22 am IST)

As we wrote yesterday, Indian stock markets stop their downtrend and became range bound near their important support levels.

Today SGX Nifty is trading higher on global cues, indicating that Indian stock markets will also have a higher opening, thus building on their previous support levels and changing their short term trend.

The best intraday strategy is watching the 1-hour chart and when the price starts trading above the 20-day Moving Average, then it signals a positive trend. So this moving average will become today’s main support or resistance level and day readers should watch it for any trend reversal signals.

If any major index starts trading above 20-day Moving Average on charts 1-hour chart, then it will signal a trend reversal and a positive trend in that index.

However, if any index turns down from this moving average, then it will indicate selling pressure is this still dominating that index and the trend will continue to remain down.

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

Expect Indian stock markets to remain volatile on local and global cues. These markets are trading near their major range support level that will add to the volatility. Day trading a will remain choppy in these markets and small traders should trade cautiously within important support and resistance levels.

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World Stock Markets Today: Higher Open, Volatile Trend

19 June 2019 (8:22 am IST)

18 June 2019 (10:53 pm EDT)

U.S. and European stock markets rallied in their previous session when the European Central Bank hinted at the new fiscal stimulus for the economy. We now know that stimulus from big central banks mean free capital for stock markets.

That is why bigger markets rallied and closed with big gains and today, in Asia, major stock markets are following that rally and trading higher with big margins. The exception is China markets, trading in the negative.
SGX Nifty is also trading higher indicating that Indian stock markets will see a positive opening today.

The only warning signs are being flashed by U.S. and European stock futures, that are trading flat and mixed. This raises doubts that the previous session’s rally may not continue in these bigger markets, as traders and investors wait for the Federal Reserve Bank’s policy announcement.

Day traders should cautiously watch the intraday trend in their local markets. A higher opening may turn into a volatile and range bound intraday trend. Support and resistance levels will still play a crucial role in the intraday trading pattern. So watch those levels and trade with the trendline within those levels.

Expect world stock markets to trade with choppiness and follow the trading pattern of US Stock futures and European stock markets. World stock markets have opened with higher numbers but there is no certainty that these higher numbers will sustain till the closing bell.

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