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.