US Markets Today: Choppy, Range Bound Session

27 February 2017 (9:03 AM EST)

U.S. markets are expected to be as mixed up today as was the Best Picture Oscar award announcement.

U.S. stock futures are pointing to a slightly negative opening today, but the overall trend in U.S. markets had been positive and major indexes may keep returning to the green territory even if markets fall in early session; as we saw on Friday last.

U.S. markets are waiting for President Trump’s speech to a joint session of Congress on Tuesday to see if he makes any reference to his promised tax cut plans. As U.S. markets cling on hopes of a Trump stimulus, the trend becomes range bound and separate from other global markets that are witnessing some correction.

Dow Jones is just 200 points away from 21,000 and if Trump says even a few words about his expected stimulus, this index may touch that milestone within this week.

For today, the trading range in U.S. markets is expected to remain within last session’s high and low levels. If major indexes trade above previous high, then obviously the uptrend will continue and these indexes will keep on making new highs.

Watch the early trading pattern and let it become clear whether markets are going up or turning range bound. After that, follow that pattern and trade accordingly.

Good luck, enjoy the session!

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Indian Markets Today: Volatile Session, Range Bound Pattern

27 Feb, 2017 (9:08AM  IST)

Although SGX Nifty is trading with slightly negative numbers, the trading pattern in Indian markets may depend more on how Nifty trades.

NSE Nifty had made small but steady upticks last week in every session. However, the intra day trading pattern has been quite volatile with the index bouncing back between support and resistance levels.

That pattern is expected to continue and Nifty may trade within its last session’s high and low levels today.

8,949 will act as intra day pivot for Nifty. Above this level, the index may try to recapture upper levels of 8,971- 90024 or 9,026.

In case Nifty falls below its pivot mark and stay low, then support will come near 8,917- 8,895 or 8,862 levels.

Give markets some time to settle, then watch those numbers and trade with the trend within those levels.

Good luck, enjoy the session!

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World Markets Today: Volatile, Mostly Negative Session

27 Feb, 2017 (8:57AM IST)

26 February 2017 (10:27 PM EST)

Global stock markets have started the new week with red numbers. All Asian markets are trading negative and SGX Nifty is also down, indicating a lower opening in Indian markets today.

U.S. markets are continuing with their Trump rally so it is not surprising that U.S. stock futures are slightly positive. European stock futures are also showing mildly positive numbers but their big fall on last Friday is indicative of a trend under pressure. European markets may open with some recovery but the geopolitical and currency turbulence will keep those markets volatile.

Expect global markets to trade with choppiness and remain under pressure. Central banks are back in focus and except for U.S. markets, other markets are worried about rate hike from the Fed.

Watch how your local index trades and follow the trend which can be either range bound or negative.

Good luck, enjoy the session!

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US Markets Today: Correcting with European Markets

24 February 2017 (9:10 AM EST)

Just as we had discussed in our previous post; European markets and U.S. stock futures are sliding hugely as central banks policies come back in the focus.

Dow Jones futures are down nearly -90 points, after a long time. Futures of S&P 500 and Nasdaq are also bleeding heavily indicating a big gap down opening in U.S. markets today.

European markets are also running downhill with DAX (Germany) heading the pack with a loss of more than -200 points.

Now the questions remains, will U.S. markets continue downhill or bounce back to turn range bound after the opening bell?

Also, the closing levels in major indexes will indicate how the trend turns next week.

Give markets some time to settle after a gap down opening, then trade with the trend.

Good luck, enjoy the session!

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World Markets Today: Under Pressure, Volatile Session

24 Feb, 2017, (8:28 AM IST)

23 February 2017 (9:59 PM EST)

The wave in global stock markets has slowly turned to negative, after being positive then mixed.

U.S. markets, where all major indexes have been trading positive recently, saw a mixed closing overnight. European markets went one step further and closed negative. And now, Asia has started with a fully negative session.

At the start of this week’s last session, all Asian markets, U.S. and European index futures and SGX Nifty (futures of India benchmark Nifty) are trading in the red.

Markets are expected to now turn their attention to all big central bank meetings in March.

Yesterday, the German Bundsbank president Jens Weidmann said that he did not support more stimulus from the European Central Bank.

As the FOMC meeting minutes released this week also indicated that the Fed is considering quicker rate hikes, this statement from German central bank chief makes things rather negative for stimulus junkie markets.

In U.S. markets, tech index Nasdaq closed with considerably negative numbers. Leading European index DAX (Germany) also closed nearly half a percentage point down. And today’s start is all negative in global markets. It may be due to profit booking, or, U.S. markets may coming to pause in their relentless rally of tax-cut hopes.

Expect global markets to trade under pressure today and remain volatile within this week’s range. European markets may dominate the trend in the middle part of the session. Indian markets are closed to day for a religious festival and will open on Monday after a long weekend.

Trades in other markets can take advantage of a mostly negative to mixed trading pattern.

Good luck, enjoy the session!

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US Markets Today: Another Carrot, Trump Stimulus Rally Continues

23 February 2017 (9:04 AM EST)

U.S. stock futures had been dwindling in the negative through earlier session. But then, the new Treasury Secretary Steve Mnuchin made a comment to CNBC that the Trump administration “wants to see significant tax reforms passed before Congress’ August recess.” That is six months away but still, U.S. stock futures started rallying again.

Dow Jones futures are currently 43 points higher and if these numbers are followed after the opening bell, then we may see Dow Jones opening at or above 20,800 mark.

This mega index has been gathering almost 100 points or more in every session and after taking nearly a month for breaking above 20,000, now there is no stopping Dow Jones.

If U.S. markets continue to show this enthusiasm every time some one from the Trump team mentions tax cuts, then we are surly going to see a rally till August in these markets.

Notwithstanding the fact that a few days ago, President Trump had said that he will unveil a tax cut plan in a few week’s time. Now the Treasury Secretary is saying it will happen after six months. At this speed, the time line will keep getting pushed farther, markets will continue to rally and this will go on for the full four- year term of the 45th President.

For traders, it is the best strategy to follow the trend and keep their eyes, nose, ears closed to any other rhyme or reason.

Do that today also. In a trending market, Moving Averages are best indicators for trade entry and exit points. So use a combination of short term and slightly longer term (13 day weighted MA + 21 day Exponential MA) to check such points and trade along with the trend line.

This is supposing that U.S. stock futures will remain high till the opening bell and major indexes will see a gap up opening.

Another possibility is that markets will open flat and trade range bound. In that case, watch the previous session’s range for immediate and this week’s range for broader support, resistance levels. Trade within those levels with the short term trend.

Good luck, enjoy the session!

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Indian Markets Today: Volatile on F&O Expiry, Global Cues

23 February 2017 (8.38 AM IST)

Indian markets may trade with high volatility today as it is monthly Futures & Options contracts expiration session.

Bank Nifty will have both its weekly and monthly Options expiration, adding to the volatility.

On such days, markets can move in any direction, may take a trend or trade with choppiness. Traders should watch their trades like a hawk and exit as soon as there are any indication of markets changing direction.

Nifty has had two narrow-range sessions previously. As per those sessions, for intra day trading today, the index has its pivot mark at 8,930. Above this level, Nifty may try to reach 8,956 - 8,986 or 9012 levels.

If Nifty trades below its pivot mark of 8,930, then support will come near 8,901- 8,875 or 8,845 levels.

Watch these levels and trade with the short term trend.

Good luck, enjoy the session!

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World Markets Today: Volatile after Fed, No Sign of Trump Plan

23 February 2017 (7.38 AM IST)

22 February 2017 (9:06 PM EST)

U.S. markets traded in a small range with high volatility overnight, after the Fed’s meeting minutes revealed a rate hike coming soon. Although the meeting minutes did not hint at a March rate hike.

Another disappointing news for U.S. markets came from President Trump who said that his tax cut plans will come only after an Affordable Care Act repeal has been completed. 

So, for rallying U.S. markets, it is a case like the candy in hand is about to be snatched but the promised next candy is nowhere in sight.

As a result of these disappointments, Asian session has started with negative numbers. All major Asian markets are trading negative, European stock futures are negative, U.S. stock futures are mixed and SGX Nifty is flat.

Global markets are expected to trade with subdued numbers as traders, investors digest these two developments. Local factors will dominate stock markets. European markets may trade with high volatility and their trend may dominate global trend later in the day.

Good luck, enjoy the session!




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US Markets Today: Slow Paced, Waiting for Fed Meeting Minutes

22 February 2017 (9:14 AM EST)

U.S. stock futures are slightly negative while European markets are very narrowly range bound, all waiting for the Fed’s meeting minutes later today.

At 2 PM EST, the U.S. Federal Open Market Committee (FOMC) meeting minutes from earlier this month will be released. Traders, investors will look for any direct hint of a rate hike from the Fed. Markets are expecting only two rate hikes this year from the Fed, even though the central bank has declared three rate hikes in 2017.

If there is a hint of the Fed’s lending rate increase in March, U.S. and other global markets may react with down turn. If there is no clear hint when the central bank will next increase its lending rates, then U.S. markets may resume their quick uptrend.

In recent few sessions, U.S. markets have been climbing up speedily. Especially Dow Jones seems to be in a hurry to reach 21,000. Even though there has been no definite plan from the Trump Administration, U.S. markets are pricing in a hefty corporate tax cut in coming weeks.

Today, markets will postpone that rally till the Fed’s meeting minutes are out. After that, U.S. markets will either trade in previous session’s range with a trend reversal or resume their rally- all depending on what the FOMC meeting minutes divulge.

Till than, in U.S. markets the trend today may remain slow paced and volatile .

Good luck, enjoy the session!

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Indian Markets Today: Choppy, Range Bound on Global Cues

22 Feb, 2017 (8:09AM IST)

Nifty had once again staged a small breakout yesterday from its range of two earlier sessions. The index also remained in a small range. However, Bank Nifty traded within its range.

Today, it will be interesting to see if Bank Nifty will follow Nifty and go higher, or if Nifty will follow Bank Nifty and turn range bound.

SGX Nifty is trading some 12 points higher at this moment. If Nifty also opens with a similar gain, it will open near yesterday’s high mark (8,820). If the index trades above its previous high, then obviously it will be a strong, positive signal.

For intra day trading, Nifty has pivot at 8,896. Above this point, Nifty has chances of going higher and touching 8,932 or 8,956 levels. If Nifty trades below its pivot mark of 8,896, then the index will find support near 8,872- 8,836 or 8,812.

Watch these Nifty levels and trade with the trend.

Good luck, enjoy the session!

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