11 January 2021 (8:06 am IST)
10 January 2021 (9:35 pm EST)
World stock markets have opened for a new week, and the trend is a mixed one, influenced by regional factors.
US and European stock futures are negative after Twitter and Facebook permanently suspended President Trump’s social media accounts.
In retaliation, 75 million Trump supporters are deleting their own accounts on these platforms, boycotting their services, and planning to dump their stocks. There are rumors that Amazon will cancel hosting “Parler“, the twitter -like site started by Trump supporters. Those supporters have already started canceling their Amazon accounts and Amazon Prime services.
Twitter’s stock was down by 1.6% on Friday and in after hours trading, the stock further declined by more than 2%. It lost more than 4% in that day’s session. It will be interesting to see how the tech index Nasdaq and big tech stocks trade on Monday.
In Asia, major stock markets are ignoring these local cues from US stock futures and trading positive. SGX Nifty is also trading positive, with gains of 82 points. This futures index of India’s Nifty 50 was 114 points up on Friday night, indicating that Indian stock markets will continue their new wave of positive trend after a breakout on Friday.
How To Day Trade:
- World stock markets are showing a mixed trend, so day traders should follow the trend in their local stock markets.
- If your markets are trading positive, such as in Asia, then it will be a better trading strategy to buy on dip.
- For negative trending markets, selling at high will be a good trading strategy.
- Global stock markets will continue to trade with high volatility.
- Day traders must pay attention to money management tactics along with trading techniques.
- For successful day trading, continue to consult the monthly, weekly and daily trends for intraday trading.
World stock markets have started the week with mixed numbers, This indicates more volatile and regional trend in global stocks.