Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Nothing New.PE

DJIA at 26616.71, +0.85% is moving North, headed to 27000 or higher near term. DJIA looks Bullish to me.

DAX at 13340.17, +0.31% came off sharply, and, while below 1340, Southside is open to 13000.

Nikkei at 23749.33, +0.50% is stable in here. But USD/JPY may test support at 108.80 or lower and could bounce to 109-110 this week. That seen, may prove to be Bullish for Nikkei to 24000-24200. We wait, we watch for confirmation.

Shanghai at 3552.05, -0.17% came off from 3588 and may trade within 3600-3525 now. Near term looks ranged to me

Nifty at 11069.65, -0.15%, and Sensex at 36050.44, -0.31% were stable Thursday, last week. We need to see if the indices are able to move above the recent highs, or moves sideways and dip this week. Prefer a  dip to 10900 on Nifty and 35750 on Sensex.

Have a terrific week

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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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