10 January 2020, (8:59 am IST)
09 January 2020, (10:27 pm EST)
Remember, we keep writing that the Dow Jones is heading towards 30,000? In its overnight session, the mega index rallied and almost touched 29,000.
However, the rally in US stock markets has not convinced global stocks that all is well with the Middle East crisis, and world stock markets are trading positive, but with marginal gains.
At this hour, major Asian stock markets are trading positive with slight gains. SGX Nifty is higher by only 12 points. US and European stock markets are positive but the margins are thin.
This happens to be the week’s last trading session, so, it won’t be surprising if world stock markets see some profit booking before the weekend closing.
For day trading, the best strategy will be; follow the minor trend. Market volatility will remain high so small traders should trade less and be more cautious.