US Stock Markets Today: High Open, Choppy Trend

15 October 2019 (9:12 am EDT)

After yesterday’s uncertain trend US stock futures are pointing to a higher open in US stock markets in today’s session. 

However, the intraday trend could remain choppy and rangebound as markets wait for some confirmation about the US-China trade deal. 

In rangebound markets, pivot levels are good indicators for day trading. We have given these levels on our  Pivot Trading page. For major indexes, these levels are:

Expect US stock markets to continue trading within the last few sessions’ trading ranges. The trend is sideways and volatility could remain high. For day trading, use technical indicators and trade with strict stop loss in all your positions. US stock markets are trading on news and any positive or negative news about the US-China trade deal could trigger sudden, big moves in these markets.  

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Indian Stock Markets Today: Highly Volatile, Rangbound Trend

15 October 2019 (8:43 am IST)

SGX Nifty is pointing to a positive opening in Indian stock markets, within yesterday’s trading range. 

These markets have been very volatile in the last few sessions. These conditions are good for day trading only if traders are very cautious and quick in trade exits. The intraday trend has been unstable and changing frequently. For such market conditions, it is a better trading strategy to cut down on lot sizes, number of trades and strictly follow your trading rule. 

Support and resistance level, both become important in such rangebound situations. Find these daily levels on our Pivot Trading page. For major indexes these levels are:

Expect Indian stock markets to continue their rangebound trading pattern. Markets could remain highly volatile. For day trading, traders must allow markets to settle down and develop a trading range. Then follow the short term trend within that range.

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World Stock Markets Today: Mixed, Wobbly Trend on Trade Worries

15 October 2019 (8:43 am IST)

14 October 2019 (11:01 pm EDT)

World stock markets have started this session with mixed numbers, as no further news has filtered through about the US-China trade deal.

US stock markets closed with slightly negative numbers in their overnight session. US and European stock futures are trading with minor positive numbers that have been slipping down. Therefore, this positive trend in these futures of bigger markets can trade with volatility and change trends at any time.

All major Asia stock markets are trading with mixed numbers, mostly negative. SGX Nifty is 40 points higher, for God knows why. But, this indicates that Indian stock markets could see a higher opening and a rangebound trend.

Expect world stock markets to trade with high volatility and in a mixed trend. No big global cue is present at this moment, so we can expected markets to trade on their local and technical cues.

For day trading, use technical indicators and focus on the local trend.

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US Stock Markets Today: Volatile Session, Rangebound Trend

14 October 2019 (8:48 am EDT)

US stock futures have been very volatile in today’s session. Earlier these numbers had suffered a big drop. At the time fo writing, some recovery has occurred in US stock futures, but these are still negative, indicating a lower opening for US stock markets in today’s session.

As we wrote in our previous post about world stock markets, the candlestick pattern in US stock markets indicated a selling pressure and trend reversal from higher levels. Today’s lower trend in stock futures confirms that trend reversal. This is the first session of the week, so we can assume that the trend will stay rangebound within the last week’s trading range.

For intraday trading, daily pivot levels are given on our  Pivot Trading page. These levels are:

Expect a choppy trading pattern and sideways trend in US stock markets in today’s session. Day traders should let markets create an intraday trading range, then trade with the short term trend within that range.

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Indian Stock Markets Today: Volatile, Rangebound Trend

14 October 2019 (8:32 am IST)

Global stocks are trading positive, but SGX Nifty is looking weak and unstable. This indicates that Indian stock markets could remain volatile, and trade in a rangebound manner.

Last Friday, these stock markets had a very volatile intraday session but stayed within their important support and resistance levels. Day traders should watch both types of levels, and trade with the short term trend. We have provided intraday levels on our Pivot Trading page for major indexes. These levels are:

Indian stock markets are currently rangebound, but the resistance levels are stronger. Despite big global rallies, these markets have been trading sideways because of weak economic conditions. That pattern will continue until support or resistance levels are broken. 

For day trading, use trading strategies that suit rangebound markets. If markets take a trend, in any direction, then switch your strategy to suit those trending conditions. 

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World Stock Markets Today: Positive Start on Trade Talk Hopes

14 October 2019 (8:32 am IST)

13 October 2019 (10:59 pm EDT)

World stock markets have started their Asia session and a new week with positive numbers, as investors become hopeful of a mini trade deal between China and the US.

At the time of writing, all Major Asia stock markets are trading in the green. US and European stock futures are also trading positive. SGX Nifty is slightly positive, waiting for the pre-open numbers of India stock markets before deciding on a trend.

The week has begun with positive numbers in global stocks, but these numbers are not big. As the trend is news-dependent, it looks like markets are hopeful about the trade deal, yet keeping one leg out of the door to flee if any negative news comes in.

This is how day trading should be done in such market conditions. Trade with the trend, but be ready to exit your positions at the slightest hint of a trend reversal in markets. Stop-loss is a must, always is, for any open position.

US stock markets had closed positive last Friday, but came much lower than their day’s high levels before the closing bell, thus creating a “top hammer” candlestick on charts, which shows weakness in the trend. Sometimes, it also indicates a trend reversal. That is why global stocks are cautious today. Day traders should also remain cautious in this session.

World stock markets are expected to trade with moderately positive numbers in this session. The trend could turn volatile based on what kind of news markets receive about the trade deal; positive or negative.

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US Stock Markets Today: High Open on Trade Talk Hopes

11 October 2019 (8:11 am EDT)

US stock futures are trading sky high on hopes of a limited China-US trade deal. After a mixed start, European stock markets are also rallying on news of positive Brexit talks between the UK and the European Union.

These are all news-dependent rallies, so day traders should remain cautious about any sudden reversal in markets if any negative news comes in.

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

Expect US stock markets to open with highly positive numbers, and trade positive if no negative development happens in the US-China trade talks. After a high opening, the intraday trend will turn rangebound, or these markets will continue to climb.

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Indian Stock Markets Today: Choppy trend Within Weekly Range

11 October 2019 (9:00 am IST)

This week, Indian stock markets have turned range bound and have been trading up and down in alternate sessions.  

After yesterday’s drop, today SGX Nifty is indicating a higher opening in these markets. That would create a weekly range-bound pattern for major indexes. 

In rangebound markets, intraday support and resistance level are useful for trade entry and exit plans. These levels are given on our Pivot Trading page and are: 

Expect a choppy session in Indian stock markets. Nifty has shown support in yesterday’s session, even though Bank Nifty had gone down with considerable losses. For day trading, keep an eye on both support and resistance levels and whichever levels show strength, trade with the short term trend from that level. 

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World Stock Markets Today: Positive Start on Trade Talk Hopes

11 October 2019 (9:00 am IST)

10 October 2019 (11:29 pm EDT)

US stock markets closed with highly positive numbers in their overnight session, after several indications that the US-China trade talks were going well.

Following that uptrend in US stock markets, today most of the major Asian stock markets are trading positive. SGX Nifty is also around 50 points up, indicating a positive opening in Indian stock markets later today.

US stock futures are still trading positive, but European stock futures are negative at this time. So, the global trend could see a mixed pattern and some volatility through this session.

For day trading, traders should focus on the intraday trend of their local stock markets, and use technical signals to spot the short term trend. Support and resistance levels will be important, as the broader trend is still range-bound for world stock markets. Day traders should watch those levels and trade with the short-term trend within major support and resistance levels.

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US Stock Markets Today: Volatile, Waiting for Trade Talk Results

10 October 2019 (8:43 am EDT)

As we wrote in our earlier post, US stock futures have been having a turbulent session, anxious about the US-China trade talks. The same volatility is expected to continue in US stock markets after the opening bell. 

Since this is a news-dependent trend, nothing will be ceratin in markets. Speculations, rumors can dominate markets. So day traders should trade cautiously and keep strict stop-loss in your open trades.

For intraday range levels, check our  Pivot Trading page where we have given levels for major indexes. These levels are:

Expect US stock markets to open slightly lower and trade with choppiness. The trend will depend on how the US-China trade talks develop. 

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