26 November 2019 ( 8:47 am IST)
25 November 2019 (10:17 pm EST)
Yesterday, world stock markets enjoyed a huge rally. Today, global stocks are continuing with that rally.
At the time of writing, all major Asian stock markets are trading with positive numbers. SGX Nifty is also trading with 30 points’ gains after yesterday’s huge rally. US and European stock futures are also trading positive.
US stock markets have been in a new uptrend ever since Dow Jones broke out of its yearly range. Only a negative news about the US-China trade deal can bring this index down now, otherwise we expect Dow Jones to reach 30,000 in 2020, or before.
We had written earlier also, world stock markets are in an uptrend, and in-between, the trend will keep turning range bound when markets pause for a breath. For day trading, remember this pattern and trade with the technical signals for a positive trend or a sideways trend based on how markets behave in the short term.
Right now, markets are rising again after taking a breather last week. That means, it will be ‘buy on dips’ trading strategy for day trading.