2 January 2018 (8:49 AM IST)
1 January 2018 (10:20 PM EST)
Trading has started in global stock markets after a long New Year holiday. It looks like 2018 has brought a rocky start stock traders indicated by volatile, negative movements during day trading on the closing session of 2017 and the opening session of 2018.
U.S. stock markets had fallen with substantially negative numbers last Friday, which was the last session of 2017, and Indian markets fell with a thud on Monday, which was the first trading session of 2018.
Today, Asian markets have opened for the first trading session of this new year, but stock markets in Japan, Russia, New Zealand and Switzerland are still closed for trading .
At the time of writing, Asian stock markets are reading mostly positive. U.S. Stock futures are also showing marginal positive number, but European stock futures are showing a negative trend.
SGX Nifty is also trading down, which is quite natural after a fall in Indian market yesterday.
Expect Global stock markets to trade on their local cues in the absence of any particular global cues. The Federal Reserve’s meeting minutes will be released this week, which can make a stock market turn volatile in the middle of the week.
Watch the support and resistance levels of your local stock market and trade using pivot trading rules. Global stocks are still trading within a broad range and day traders will benefit by using pivot levels. Check those levels for major market on our pivot trading page.
Read our our weekly US Stock Markets Trend Analysis