World Stock Markets Today: Negative Start on Hong Kong Worries

13 August 2019 (8:59 am IST)

12 August 2019 (11:29 pm EDT)

US stock markets fell in their first session of the week, creating a negative weekly and daily trend. Although these markets are still within the last week’s trading range, Asian stock markets have also fallen in this session.

World stock markets are now worried about a volatile situation in Hong Kong which started with citizens’ protest but has the potential to escalate into a diplomatic dispute.

All major Asian stock markets are trading at the time of writing. US and European stock futures are positive, indicating a rangebound session in these markets. SGX Nifty is positive and indicating a higher opening for Indian stock markets on local cues.

Expect world stock markets to trade within the last week’s range and remain highly volatile. The intraday trend will remain subdued and cautious. The trend in US stock futures could dominate the global trend in this sesison.

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US Stock Markets Today: Lower Opening, Rangebound Trend

12 August 2019 (9:20 am EDT)

As we wrote in the previous post, US stock futures fell with big margins on worries about strife escalation in Hong Kong.

There has not been much recovery in these numbers and now we are looking at a highly negative opening in US stock markets today.

Despite that, major US indexes are expected to trade with their last two sessions’ trading range. As seen on daily charts, major indexes had a gap up opening last Thursday and traded within the same range on Friday. Today also, the same trading range is expected to be in play for these indexes.

For bigger intraday range levels, check our Pivot Trading page where daily support and resistance levels are provided. These levels are:

Expect US stock markets to open lower but trade sideways within the previous range. Dow Jones is safe in this range as long as the index trades above 26,000. The risk of a negt8ave trend will arise only if Dow Jones falls below this support level.

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World Stock Markets Today: Turning Negative on Geopolitical Risks

12 August 2019

Just when everything looked positive for world stock markets, the news that Hong Kong has canceled all flights made global stocks to fall. The Dollar rallied higher, Gold also rose and Oil priced crashed fell with big margins.

US stock futures and European stock markets, that were earlier trading with healthy gains, plunged in to negative. SGX Nifty was trading with 40 points’ gains but this futures index of India’s Nifty 50 also erased all those gains and turned negative.

Three big Asian stock markets: Japan, Singapore, and India are closed today for local holidays. Other Asian stock markets had been trading positive in their session, creating a positive trend for global stocks.

But the news from Hong Kong has now rattled world stock markets. Hong Kong has been troubled by citizens’ protest for over two months now. The protests are against a controversial extradition bill. Now the situation has become a risk for global stock markets as the US, The UK and China become embroiled in a war of words over Hong Kong.

Markets fear that the volatile situation in Hong Kong can turn into a full-blown geopolitical risk.

As a result, US stock futures have turned highly negative at the time of writing. Dow Jones futures have fallen by more than 100 points. European stock markets have also quickly given up their gains.

If the situation remains the same, we can expect a negative opening in US stock markets in a few hours from now.

Related News: Hong Kong Cancels All Remaining Monday Flights as Protests Swarm Airport

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US Stock Markets Today: Rangebound At Higher Levels

9 August 2019 (8:43 am EDT)

US stock markets rallied yesterday and created a new range above the range of earlier sessions of this week.

Today, US stock futures are trading negative so we can expect US stock markets to trade within yesterday’s new range, above the trading range of previous few sessions.

In a rangebound trend, traders should watch both support and resistance levels and trade within those levels, with the short duration trend. We have provided such level for intraday trading on our Pivot Trading page. These levels are:

US stock markets have traded with extreme volatility this week, swinging between high and low marks. Today also, volatility levels could remain high. Day traders should wait and watch markets till a clear intraday trend emerges, then trade with that trend.

The immediate trading range will be between yesterday’s high and low mark and a broader trading range for US stocks will be between high and low levels of the last four sessions.

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Indian Stock Markets Today: Support Stronger, Trend Reversal Signal

9 August 2019 (8:50 am IST)

SGX Nifty is trading flat in this session, indicating that yesterday’s support and closing hour’s rally is still in place, indicating a positive or flat opening for Indian stock markets.

This week, Indian stock markets have started making “higher low” in daily charts which is a trend reversal signal. Major indexes have made “double bottom” formation (line charts) in the daily timeframe which also signals support and possibility of a trend reversal.

Nifty has made a bottom of 10,800 and from there, the index has been getting strong support near 10,850. Yesterday, the index closed above the important level of 11,000.

We have been discussing the 20-Day Moving Average on monthly charts, which falls near 11,040 and was a support for Nifty till the index recently broke it.

Now, if Nifty starts trading above this level then it will again become support and we can expect Nifty to rise till 11,300 where it will meet another resistance of 9-Day MA on monthly charts.

These are long term support and resistance levels. Short term or daily levels are provided on our Pivot Trading page. For major indexes, these levels are:

The opening trade in Indian stock markets will be between yesterday’s high mark and closing level. If major indexes open below the previous closing (or a negative opening) then the intraday trend will remain rangebound within yesterday’s trading range.\

However, if major indexes have a positive opening and start trading above the previous high mark, then yesterday’s rally will continue in Indian stock markets and support levels will become stronger and higher.

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World Stock Markets Today: Mixed, Rangebound Trend

9 August 2019 (8:50 am IST)

8 August 2019 (11:19 pm EDT)

US stock markets built on their previous support and had an impressive rally in their overnight session. Dow Jones reclaimed 26,000 and closed much higher than this important support.

That rally has supported world stock markets in this session and in spite of highly negative US stock futures, other markets are trading mostly positive on their local cues. Traders have even ignored the lower mid-point of yuan set by China for today.

Now, it seems, support is getting stronger in world stock markets as US stock markets bounce back after their recent fall. Day traders should focus on their local index and trade with its own support and resistance levels.

At the time of writing, major Asian stock markets are trading mixed, but mostly positive. SGX Nifty is flat, indiacting a support for Indian stock markets. US and European stock futures are considerably negative, which is not unusal after previous session’s rally so nobody is bothered about these numbers. also, there is no ceratinity that these lower numbers will continue through the session.

Expect world stock markets to trade within their weekly or daily range in this last session of the week. Market volatility could remain high like recent few sessions.

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US Stock Markets Today: Support Forms, RangeBound Trend

8 August 2019 (8:16 am EDT)

Yesterday, Us stock markets bounced back after a steep earlier fall and now, new support has formed near this week’s low point in these markets.

Dow Jones and S&P 500 are clearly indicating this support on their daily charts. In the two sessions, these indexes have traded up after a lower opening, thus making positive candlesticks and creating a strong support level.

Today, US stock futures are indicating a slightly positive or flat opening for US stock markets. So, the immediate trading range will be within yesterday’s high and low mark for US stocks. If major indexes rise above yesterday’s high mark, then we can expect more gains in them. If these indexes turn negative after the opening bell, then the intraday trend will be rangebound within the previous session’s trading range.

Broader range levels for major stock indexes are given on our Pivot Trading page. These levels are:

Expect a volatile and rangebound trend in US stock markets today. The US economy is doing extremely well so these markets will not fall much, only short term profit booking can happen on negative news as we have been witnessing this week.

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Indian Stock Markets Today: Rangebound Near Previous Support

8 August 2019 (9:11 am IST)

SGX Nifty is positive on global cues and Indian stock markets are showing positive numbers in pre-open trading, indicating a higher opening in these markets.

This will keep these markets rangebound within yesterday’s range levels. For Nifty, support is now at 10,800 and resistance near 11,000 mark.

For Intraday trading, range levels for major indexes are given on our Pivot Trading page. These levels are:

Expect Indian stock markets to trade within this week’s high and low levels. Right now, the trend has turned range-bound on positive global cues, but the current downtrend is not over for these markets.

Day traders should watch cautiously if support levels are stronger or resistance, then trade with the short term trend within those levels.

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World Stock Markets Today: Postive After Wild Swings in US Stocks

8 August 2019 (9:11 am IST)

7 August 2019 (11:40 pm EDT)

US stock markets saw some wild swing in their overnight session when these markets opened and traded with deep losses and then recovered all those losses to close positive or flat.

All major indexes closed in positive after opening cuts, only Dow Jones closed with a minor loss but now, this mega index has established clear support near 25,500.

That support and better export numbers from China has created a positive wave in world stock markets in this session.

All major Asian stock markets are trading positively at the time of writing. SGX Nifty is slightly positive, indicating a rangebound session in Indian stock markets today. US and European stock futures have also turned positive after China stabilized its currency yuan.

Expect world stock markets to trade with support but remain highly volatile and rangebound within this week’s trading range. Day traders should watch the important range levels of their local index and trade within those levels for short duration.

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US stock Markets Today: Monthly Downtrend Continues

6 August 2019 (9:00 am EDT)

US stock markets had a healthy recovery yesterday but today’s deep losses in US stock futures are indicating that the previous gains will be wiped out in today’s opening itself of US stock markets.

US stock futures had a highly volatile global session today; starting with negative numbers, then turning positive and now, just a few minutes ago these futures crashed again when President Trump tweeted against the Federal Reserve’s hawkish policy.

US stock futures are now 1% down, indicating a big gap down opening in US stock markets today. Although that kind of opening will still keep US stocks within this week’s trading range. We’ll need to wait and see if these markets continue to slide further after a highly negative open or become rangebound within this week’s range.

For rangebound markets, knowing the intraday pivot levels can be helpful in anticipating the trading range. These levels are provided on our Pivot Trading page and are:

US stock markets are in a strong downtrend on monthly and weekly charts, After yesterday’s breather, that downtrend is expected to resume today. These markets have been highly volatile in the last few sessions so small traders should be cautious and start their day trading only after the opening volatility is over and a clear intraday trend emerges.

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