World Stock Markets Today: Mixed Trend on Mostly Local Cues

14 May 2018 (8:37 AM IST)

13 May 2018 (11:08 PM EDT)

World stock markets are mostly trading with green numbers in early Asia session. But there is a mild trend within this seemingly positive opening.

Agains stock markets are trading mixed. Those Asia markets that are trading positive, are shown different degrees of gains. SGX Nifty is trading flat, waiting for Indian stock markets and decide their own trend.

U.S. stock futures are ratlin, building on gains from last Friday. In that session, we saw a very choppy trading pattern in major U.S. stock indexes, which opened high, then dipped to touch the red line and then rise again to close positive.

As we had written in our previous post about U.S. stock markets, buy-in support keeps coming in at every dip in those markets and on 5-hours chart, the minor uptrend keeps climbing after every dip. U.S. stock markets are high on North Korea peace talk hopes but other global markets are not rallying that much because there is not anything to gain in this peace talk for them.

European stock futures are also positive at the time of writing. But European stock markets have also been shown a mixed trading pattern on their regional issues and that mixed trend could continue.

World stock markets are expected to trade mostly on their local factors as U.S. and European stock markets are trading on their own regional cues.

Markets volatility will remain high. Day traders should continue to focus on their local index and its own short term trend.

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US Stock Markets Today: A Choppy, Range Bound Trend Possible

11 May 2018 (8:55 AM EDT)

U.S. stock futures are indicating that major stock indexes could see a choppy and mostly range bound session in U.S. stock markets today.

Nasdaq futures are slightly negative although Dow Jones and SP 500 futures are still positive at the time of writing.

U.S. stock markets have been trading positive since their bounce back from bottom levels last week. Major indexes have now reached their current range resistance levels, especially Dow Jones that has a resistance zone between 24,800- 25,000.

U.S. stock markets have been in a minor uptrend since last week’s bounce back and major indexes have continued to rise after every dip, indicating good support this time.

Major indexes will have to break out of their current range resistance levels to continue this minor uptrend and if that happens, we can hope for these indexes to rise further to higher levels.

We will have to wait and see if today’s session turns out to be a breather for these markets, or the current minor uptrend continues after initial volatility, as has been happening in last few sessions.

The intraday trading pattern has been following a range bound movement where major indexes falls to support levels and then rise to rally. But markets do not behave in a similar manner everyday, so day traders should carefully watch intraday support levels and see what kind of trading pattern develops near those levels. These pivot levels are provided on our Pivot Trading page. Individual levels for different indexes are available here:

U.S. stock markets will continue to trade with choppiness. Day traders should just let markets decide which way they want to trade, then follow that short term trend.

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Indian Stock Markets Today: Volatile, Range bound Trend in Nifty

11 May 2018 (8:47 AM IST)

SGX Nifty is trading  near previous session’s high levels, nearly 50 points up. Nifty has already been trading in a strict range where high openings has seen a lower closing in last few sessions.

That range bound and volatile trend in expected to continue in Indian stock markets. Bank Nifty has a very volatile trading pattern yesterday as nowadays it usually happens on Thursdays, its weekly Options expiration session.

A similar choppy session is expected to dominate these stock markets today where major indexes could trade between this week’s high and low levels.

For Nifty, intraday pivot mark will be at 10,735. Above this mark, the index faces resistance near levels of 10,766-10,816- 10,846 while support is expected near 10,685- 10,655-10,605. Pivot levels for all major Indian stock indexes are provided on our Pivot Trading page. Same are available here:

Watch these levels. Wait for markets to develop an intraday trend, then follow it for short duration trades.

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World Stock Markets Today: Mixed, Volatile IntraDay Trading Trend

11 May 2018 (8:47 AM IST)

10 May 2018 (11:17 PM EDT)

U.S. stock markets rallied in their overnight session after news broke out about President Trump and North Korean leader’s meeting has been decided.

Asian stock markets are mostly trading higher, following that rally. but China markets are lower. SGX Nifty is trading with big gains, but still within its previous range.

U.S. and European stock futures are trading with good gains at this hour, indicating that right now the trend is optimistic.

Still, global stocks are expected to trade mostly on local cues and within their broader range.

That means day traders should watch these support and resistance levels in their local stock index and trade with the short term trend.

Volatility in global stock markets will remain high and the trend may remain mixed in different stock markets.

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US Stock Markets Today: Volatile, Range Bound Near Resistance Levels

10 May 2018 (9:15 AM EDT)

After recent bounces back which triggered a minor uptrend in U.S. stock markets, it seems that today’s session may return to being range bound and volatile as major indexes near their resistance levels.

This is especially relevant for Dow Jones as the index nears its one of the major resistance levels of recent times; 24,600.

So, it is not surprising that Dow Jones futures are trading positive but within a narrow range. That would mean a narrow, range bound trend for this mea index. This would also mean, either a breather after which the index will embark upon another le of its current minor uptrend and try to reach higher levels of 24,800.

Or, a range bound session could mean preparation of the end of current minor uptrend and a possible trend reversal.

Which of of these two scenarios will unfold in U.S. stock markets? That will become clear with only how angora indexes trade through the session and their closing levels.

Intraday support and resistance levels will be good trading tools for anticipating trend start/ reversal points. These levels for major U.S. stock indexes are given on our Pivot Trading page. Take help of those levels, provided here also:

Let markets develop a trading pattern and then trade with that trend. Market volatility may remain high like previous many sessions.

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Indian Stock Markets Today: Mixed Trend in Nifty, Bank Nifty Continues

10 May 2018 (8:52 AM IST)

As we had pointed out yesterday, Indian stock markets are having a mixed trend.  Nifty has turned range bound at current levels but Bank Nifty has been oil ahead with a minor uptrend.

That mixed trend is expected to continue and these markets may continue to see high levels of volatility.


SGX Nity is flat, so it will depend on Nifty how broader markets trade and Bank Nifty is still expected to follow its own trend.

For Nifty, intraday pivot will be at 10,732. Its intraday resistance levels will be near 10,775-10,809- 10,851 and support is expected near 10,698- 10,656-10,622 marks.

Nifty’s previous high and low levels of  10,766 and 10,689 will create its immediate trading range.

Pivot levels of major Indian stock indexes are given on our Pivot Trading page. Same are available here:

Pre open numbers are indicating a gap up opening in Indian stock markets. For day trading, wait till markets are out of initial volatile phase, then follow the short term trend.



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World Stock Markets Today: Positive Start, Mixed and Range Bound Trend

10 May 2018 (8:52 AM IST)

9 May 2018 (11:22 PM EDT)

As indicated by technical charts, U.S. stock markets rallied after a feeble start and have consolidated their current minor uptrend.

Asian stock markets are following that rally and are trading positive. U.S. and European stock futures are once again trading higher, indicating that more gains are to come in these bigger markets.

Only SGX Nifty is flat, waiting for Indian stock markets to open and decided on their intraday trend.

Global stock markets will continue to trade more on their local factors rather than any global cues because the binding factor of central bank QE have disappeared and rising oil and stronger dollar will ultimately decouple markets from each other.

Day traders should focus more on the trend in their local stock markets are trade accordingly.

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US Stock Markets Today: Support Gets Stronger, Minor Uptrend In Place

9 May 2018 (9:03 AM EDT)

The trading patter in U.S. stock markets is hinting at a minor uptrend.

Major U.S. stock indexes jumped up in the last trading hour yesterday, making a “higher low” signal on technical charts. This pattern usually indicates an uptrend.

On 5-hours chart of Dow Jones, this signal is quite obvious and even on daily charts, the index took a breather in last two sessions by trading in a strict range and today, it seems ready to break out of that range with a gap up opening.

The intraday trading pattern will still remain highly volatile and major indexes may face jitters near support ad resistance levels since this minor uptrend is been created within a broad range.

For Dow Jones, nearby targets are 24,500- 24,600 and above these levels, 24,800. Higher stock futures are indicating a positive opening in U.S. stock markets. If major indexes continue to trade above their previous high mark, then we can hope for more gains in these markets.

However, if, for any reason, major indexes fall back within their previous high and previous closing levels then it will be a return of sideways trading pattern and hit volatility.

Intraday pivot levels for major U.S. stock indexes are provided on our Pivot Trading page. Day traders can take advantage of those levels to plan their trade entry or exit points.

These levels are:

High volatility will continue to dominate U.S. stock markets. The best intraday trading strategy will be to let markets develop a trend and then follow the same.

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Indian Stock Markets Today: Volatile, Mixed Trend Could Continue

9 May 2018 (7:50 AM IST)

In Indian stock markets, major indexes Nifty and Bank Nifty have been shown different trend at different times, even though both indexes have kept climbing higher in a overall short term uptrend.

Bank Nifty has been completely ignoring a fall in Indian rupee and has been bouncing up in last few sessions, while Nifty had fallen, then had one bounce and has now made a “double top” near its current range resistant of 10,750. This is usually a trend reversal signal. So, Nifty will either trade within last session’s range or trade lower within last week’s range.

SGX Nifty has been trading with wilds wins today and remains negative, but the trend in Indian stock markets will depend on how Nifty trades. Bank Nifty may or may not follow the trend in Nifty.

For Intraday trading, Nifty has pivot mark at 10,721. Above this level, 10,754-10,791- 10,823 will act as resistance levels and support is expected near any of  10,685- 10,652-10,616 levels.

Pivot levels of major Indian stock indexes are available on our Pivot Trading page. Watch those levels, check what kind of trading pattern develops near those levels then trade with the short term trend.

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World Stock Markets Today: Mixed And Choppy Trend; Oil, Currency Prices Dominate

9 May 2018 (7:50 AM IST)

8 May 2018 (10:20 PM EDT)

The U.S. President Trump has announced that he will withdraw his country from Iran oil deal. This news has sent Crude and Brent Crude oil prices soaring. The Dollar index has also jumped up.

Different stock markets will react differently to these changes in Oil and currency prices. Emerging  markets could suffer from higher inflation and a all in their currency against dollar, while oil producing  counties will benefit from higher oil prices.

This will also mean a mixed trend in global stock markets, which has been prevail for quite some time now. After the free liquidity squeeze from big central banks, global stock markets are no loner climbing crazily and are slowly returning to trade on their individual economic conditions.

That is why different regions have started trading in a different manners and now, this mixed trend is expected to become a normal phenomena in global stock markets as it used to be before the Federal Reserve started its QE programs and flooded the global markets with free liquidity.

At the time of writing, Asian stock markets are trading mixed. SGX Nifty is highly negative as Indian rupee falls against dollar. U.S. and European stock futures are mildly negative, indicating a cautious trend for these markets.

The overall trend in world stock markets is still within a broad range and different indexes are trading within that range in short term up and down trends.

Day traders should watch the dominating trend in their local markets and indexes and trade with the short term trend.

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