Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Nothing New.PE

DJIA at 26439.48, -0.67% is in a strong upward rally, I do not see any immediate resistance to limit further Northside action. DJIA looks Bullish in here to me.

DAX at 13324.48, -0.12% came off to 13300. And while below 13400, it may test 13200 or lower during the coming days.

Nikkei at 23477.26, -0.64% is down from near 23700. The Southside is open to 23250-23000 near to medium term, then see a bounce to current marks after.

Shanghai at 3517.71, -0.15% came down to test support at 3500, while that holds, another up-leg is possible in here. Or, the index if dips below 3500, the decliner could extend to 3475-3450.

Nifty at 11130.40, +0.55%, and Sensex to 36283.25, +0.65% rose Monday, and could be in the last leg of the rally that started on 17 December 2017 from near 10020. A few more sessions of Northside action is possible before the index pauses to refresh.

Stay tuned…

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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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