stock trading pivot points
stock trading pivot points
Stock market abroad may provide a clue the next day on Wall Street?
Its amazing how some foreign indexes can follow the trend in U.S. stock market, for example, the Emerging Markets Index has the same turning points and the S & P 500. But can the day before in the securities markets abroad, listed on Wall Street is closed, provide some clues for the next day in the U.S.?
Sure. I would say that there is some there.But correlation that the correlation may be related to a simple up or down trend, not a total return performance or dollar weighted. I also think say that if there is a huge movement in Europe and has tried to buy the opening, your application can not obtain a U.S. trial price opening. So in U.S. paper Index ABC was from 1000 to 1080, looked like easy money, but if the selling prices of opening is 1080, then only money would have earned if you had bought index previous day. And of course I did not know of euro markets would end.
