Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Global stocks are all stable now. PE

DJIA at 25574.73, +0.81% and upside may not be over. A test of 25200-25000 is possible before again moving to 25400-25600  medium term. Overall DJIA is in an uptrend and is likely to continue. Remember, the trend is your friend.

DAX at 13202.90, -0.59% was almost stable Thursday, and while the resistance near 13400 holds, DAX is likely to come off to 13000 near term.

Nikkei at 23697.46, -0.05% came off  to test 23600. Near term looks Bearish with enough room on the Southside to 23200 and lower.

Shanghai at 3429.21, +0.11% is stable. Northside possibility of testing 3440 is open near term.

Nifty at 10651.20, +0.18% is testing Key support at 10600, while that holds, it is likely to see another run to 10700-10750 near term.

Sensex at 34503.49, +0.20% has support at 34250, while that holds, the index looks positive to 34750.

Have a terrific weekend

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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