US Stock Markets Today: Low Open, Choppy Intraday Trend

25 June 2018 (9:07 AM EDT)

European stock markets have increased their losses before the opening bell in U.S. stock markets. Futures of major U.S. indexes have also been trading with deep cuts, indicating a highly negative opening in US stock markets today.

Dow Jones futures are -170 points down at the time of writing, indicating that the index will open somewhere near its support level of 24,400.


This level happens to be near last week’s low mark. so, a negative opening for the week for Dow Jones and broader U.S. stock markets will spell a weak weekly trend and if the index falls below this last week’s low mark, then we can expect a deeper negative trend in it and broader U.S. stock markets.

For other major indexes too, last session’s low levels should be watched for trend indication. If any index finds support nearby and trades above its previous low, then that index/ stock will be range bound within last sessions’ trading range.

However, any stock or index that falls below previous low could see more losses in the session.

Day traders should wait till markets stabilize after initial opening volatility. Then observe if any support is forming near intraday support levels. For major indexes, these levels  are given  on our Pivot Trading page. Individual levels are here:

U.S. stock markets may continue to trade lower through the sessions, since this trend is event-based (trade war between China- U.S.). It remains to be seen if technical supports will hold or if markets will break those support to fall further.

In any case, day traders should wait till markets create a trend after gap down opening, and then trade with that trend.



Posted in U.S. Stock Market | Tagged , , , , | Leave a comment

India Stock Markets Today: Low Opening, Choppy Trend

25 June 2018 (8:34 AM IST)

After a closing hour rally in Indian stock markets last Friday, a negative opening today is not unusual for Indian stock markets.

SGX Nifty is down  by nearly -50 points in early trading, indicating a gap down opening in Nifty and broader Indian stock markets. This was expected since major India indexes had closed near their range resistance  last week.

These markets have bee strictly range bound is last few weeks and major indexes have established  very predictable range support and range resistance levels.

Like other global stock markets, expect Indian stock markets to trade within their current range support and range resistance levels with lots of choppiness.

Nifty has intraday pivot at 10,789. Its support levels are near  10,742- 10,663-10,615 and resistance is expected near 10,869-10,916- 10,995.

Pivot levels for major stock indexes are available on our Pivot Trading page. Separately, check levels for individual indexes here:

Watch these levels and trade with the short term trend, which can remain volatile on global cues.

Posted in Indian Stock Market | Tagged , , , , , , , | Leave a comment

World Stock Markets Today: Lower Opening, Range Bound Trading

25 June 2018 (8:34 AM IST)

24 June 2018 (11:04 PM EDT)

Isn’t it surprising how any negative news comes when stock markets are already near resistance levels, ready to drop, and how some positive news arrives when stock markets are near support levels, ready to bounce back?

World stock markets had closed with some gains in the last session of the previous week and today, the opening of a new week is witnessing a reversal from those resistance levels with highly negative numbers all around. Supposedly because the U.S. President Trump is mulling on new and bigger trade restrictions  against  China.

 

At the time of writing, major Asian stock markets, SGX Nifty, U.S. stock futures and European stock futures- all are trading with considerable negative numbers.

For day traders, or rather technical traders, this negative opening was much expected since global stock markets have been trading in a broad range and keep bouncing off from technical support and resistance levels.

Global stocks are expected to trade within their previous sessions’ trading range, which will be their immediate range. A broader trading range will be between last week’s high and low marks.

U.S. stock futures will lead the global trend once again, which is expected to remain negative through the session.

For day trading, watch the intraday trend in your local index and trade with that trend.

Posted in Global Stock Markets | Tagged , , , , | Leave a comment

US Stock Markets Today: Positive Open, Range Bound Trading

22 June 2018 (8:34 AM EDT)

U.S. stock futures are trading higher at the time of writing, indicating a positive opening in U.S. stock markets today.

We had written in our earlier post about Dow Jones is near its support levels on 5-hours chart. Dow jones futures are trading with 100+ points at this hour, which confirms that technical support.

But the intraday trend may remain choppy like previous sessions and day traders should keep an eye on support and resistance levels to see if this opening trend pauses or slips later through the session. These levels, for major U.S. indexes, are given on our Pivot Trading page. Individually, these levels are:

Day traders should also check different time frame charts to understand which way the short term trend is going. U.S. stock indexes have been trading in a mixed manner and it becomes clear in 5-hour charts. Dow Jones has been in a downtrend while S&P 500 has been range bound, making three positive and the three negative candlesticks showing minor up and down trends in last few sessions.

Major indexes are expected to open between their pivot mark and first resistance level. Their immediate trading range could remain between last two sessions’ high and low marks.

After the opening bell, wait to see which way the trend heads after a positive opening. Once an intraday trend becomes clear, then trade with it for as long as the trend line is not broken.

Posted in U.S. Stock Market | Tagged , , , , | Leave a comment

Indian Stock Markets Today: Choppy Near Support Levels

22 June 2018 (9:35 AM IST)

Although Indian stock markets have opened with slightly negative numbers, both Nifty and Bank Nifty are holding onto their current support levels with an iron grip.

Nifty has been trading above 10,700 and refuses to go an inch below this support. Bank Nifty fell but recovered above its own strong support zone of 26,400- 26,300.

If global cues improve, Indian stock markets may also seek to go higher from current levels.

However, if Nifty shows weakness for any reason and falls below 10,700 then that could trigger some bigger losses in Indian stocks.

Nifty’s intraday pivot levels are:

Nifty Pivot- 10,758

Support levels – 10,736- 10,701-10,679

Resistance levels — 10,794-10,817- 10,852.

Watch these levels and wait for a trend to appear. The trade with that trend. It will mostly remain range bound, choppy and between major support and resistance levels.

Posted in Indian Stock Market | Tagged , , , , , , | Leave a comment

World Stock Markets Today: Mixed, Choppy Trend

22 June 2018 (8:45 AM IST)

21 June 2018 (11:15 PM EDT)

Although US stock markets closed highly negative in their overnight session, Dow Jones has reached near its major support in 5-hours chart. If, only if, that support materializes, then bigger markets could see some relief from previous fall.

European and U.S. stock futures are mildly positive in early hours. Asian stock markets are highly volatile and mixed in early trading. Indian stock markets have opened with slightly lower numbers.

the early trading pattern in world stock markets is that of a very mixed and uncertain pattern.

Day traders should prepare themselves for short duration trades and less fewer trades in such choppy conditions. Otherwise, they will only lose their trading capital.

Watch how your local index trades, give markets time to develop a trend and the only trade with that trend for short time period.

Posted in Global Stock Markets | Leave a comment

US Stock Markets Today: Mixed, Choppy Intraday Trend

21 June 2018 (8:56 AM EDT)

European stock markets have resumed their downtrend after a brief pause. U.S. stock futures have also turned negative, hitting at another lower opening in U.S. stocks.

U.S. stock markets had a mixed closing yesterday, where Dow Jones closed negative and other major stock indexes closed with positive numbers.

This mixed pattern and been going on for many sessions and today also, it seems that Dow Jones will open with deeper cuts than other indexes.

Dow Jones has been trading  in an almost identical  range since last two sessions and that range will be its immediate range in this session also. Other indexes will trade within their weekly range.

Volatility levels will remain high and U.S. stock could see more than one trend through the session between support and resistance levels, as we have seen this whole week.

Day traders will do well to watch the individual trend in their chosen index/ stock and focus on its trading pattern. This can be a bounce back from support levels (opportunity to trade long) or drop from resistance levels (short trades). Fibonacci levels will be more important that intraday levels as openings have been quite erratic in U.S. stock markets this week and long term levels are more useful in such trading conditions.

Watch fro this long term fibonacci levels, see if price opens somewhere near those levels. Then wait for a trend to develop and trade with that trend for shorter duration.

Posted in U.S. Stock Market | Tagged , , , , , | Leave a comment

Indian Stock Markets Today: Choppy, Range Bound Trend on Global Cues

21 June 2018 (8:41 AM IST)

SGX Nifty is trading with high volatility on change global cues, and Indian stock markets may follow a similar choppy trading pattern.

Nifty and Bank Nifty found technical support yesterday, and closed higher. But on charts, RSI dived down with equal force which shows a diversion and is considered a negative signal in uptrend markets.

For the time being Nifty and Bank Nifty are safe above their respective strong range supports of 10,700 and 26,300.

Today happens to be Bank Nifty’s weekly Options expiration session and next week Indian stocks will see their monthly Futures & Options expiration. That is expected to increase volatility in these stock markets and day trader should be cautious and trade with strict stop losses.

Nifty’s intraday pivot will be at 10,759, which can also act as a support/ resistance level. Intraday support levels will bee near 10,736- 10,701-10,679 and resistance is expected near  10,794-10,817- 10,852.

Overall, Indian stock markets are expected to trade within their weekly range and roam between major support and resistance levels.

These levels are provided on our Pivot Trading page. Individual levels are given here:

Let markets settle after initial volatility, create a clear trend pattern, then trade with that trend for short durations.

Posted in Indian Stock Market | Tagged , , , , , , , | Leave a comment

World Stock Markets Today: Highly Volatile, Range Bound Intraday Trend

21 June 2018 (8:41 AM IST)

20 June 2018 (11:11 PM EDT)

World stock markets have opened a new session in Asia with extremely volatile trading.

U.S. stock futures are swinging wildly and so are Asian indexes. Major Asian stock markets have opened with a mixed trend with some negative and some positive numbers. SGX Nifty, futures of Indian index Nifty, was down by -25 points. Then suddenly, Dow Jones futures sprang up and gained 100 points within minutes.

With that, Asian indexes and SGX Nifty also shot up and turned positive.

Then, Dow futures dropped slightly and other indexes followed that drop.

This all happened within few minutes and shows an extremely volatility in world stock market as was seen in the later half of previous session.

For day traders, this is a challenging situation where they will have to watch markets like a hawk, as long as they have any position open, and trade for short durations with quick exits. Profits will be shorter but that kind of trading will be a safe bet in such highly volatile conditions.

European stock futures and U.S. stock futures are trading considerably higher at the time of writing but the intraday trend in these bigger markets will remain very choppy and within the weekly range.

Day traders should watch the trend in their local index and follow that trend carefully.

Posted in Global Stock Markets | Tagged , , , , | Leave a comment

US Stock Markets Today: Range Bound, Volatile Intraday Trend

20 June 2018 (8:38 AM EDT)

During Asia session, Dow Jones futures had tumbled down by -300 points. Then the index changed trend and went up by 100 points’ lead. That is a 400 points movement within few hours and indicated high level of volatility.

U.S. stock futures have turned positive after a lower start and we can expect a positive, but volatile intraday trend in U.s. stock markets today.

Major U.S. stock indexes have been showing a mixed trading pattern. Dow Jones has been falling with big margins this week but other major indexes have show a “low opening, high closing” trend. This is clearly visible on charts where Nasdaq has been continuously making green candlesticks even though the numbers are red with negative margins.

Yesterday’s trading pattern showed similar green candlesticks for S&P 500 and Nasdaq, even though the closing numbers were negative/ red for these stock indexes. Russell 2000 got fed up of falling down with Dow Jones and kept climbing up through the session to close with minor gains.

Dow Jones is back in its previous trading range and has fallen below previous major resistance of 24,800. It still has support near 24,600.

The immediate trading range will bee between yesterday’s high and low levels. For other indexes, weekly range could apply but for Dow Jones, it seems difficult to cross above previous high and this mea index could remain range bound with a choppy trading pattern.

In last few sessions, U.S. stock markets have been opening low and then trading higher. So today’s high opening could very well turn into low trading in the second half. Day traders should wait till the opening volatility cools down and markets start making a clear trend-pattern. After that, follow that short term trend for intraday trading.

Posted in U.S. Stock Market | Tagged , , , , | Leave a comment