30 September 2020 (8:51 am IST)
29 September 2020 (11:21 pm EDT)
World stock markets are swinging wildly after the first US presidential election debate 2020 ended. During the debate, US stock futures were showing healthy positive numbers. But after the debate, these numbers dropped in the negative territory.
Right now, US stock futures are declining steadily. Dow Jones futures, that were more than 100 points higher earlier, are now 83 points down.
Major Asian stock markets are trading mixed. SGX Nifty is only 20 points higher.
All these indicate a sideways trend in world stock markets with highly volatile trend. Markets have created a new, small range after the last week’s drop and this week’s earlier rally.
How To Day Trade:
- A sideways trend is choppy by nature and day trading in such market conditions demand caution and patience.
- Day traders should watch their local trend, as a global trend is absent at this hour, and trade with the trendline in their markets.
- However, if US stock futures drop further and their losses increase, then global trend will also become negative.
- Day traders should stay ready for that possibility.
World stock markets are trading mixed in the early session. The trend is range bound and will see high volatility. For day trading, the most suitable strategy will be to cut down in numbers of trades and be content with small profits.
30 September 2020 (7:44 am IST)
29 September 2020 (10:13 pm EDT)
The first US presidential election debate 2020 is on between President Trump and Vice President Biden.
We will wait till the debate is over, then watch how markets react. That will be our cue for day trading in this session.