Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN

Commentary: Watch the FOMC meeting results Wednesday. The Market Bulls seems to have paused to refresh, and may trade sideways or see another dip in here. PE

DJIA at 26076.89, -1.37% has come off from near 26700 as expected. While trading below 26700, it could test interim support over 25700 over Wednesday and Thursday.

DAX at 13197.71, -0.95% came off to test 13200 as expected and could be headed to 13000 in here. Near term looks Bearish for DAX, while trading below 13400. A bounce from support at 13000 is expected medium term.

Nikkei at 23267.22, -0.11% paused near 23200. The Big Q: will it come down to test 23000 or trade sideways in here.

Shanghai at 3468.82, -0.55% falling sharply from just below 3600. This is Key resistance as seen on the 3-Day candles, while that holds, Southside path to 3400 is clear.

Nifty at 11049.65, -0.73% is trading at support near 11040, a break below this mark could indicate that the Bull run may be over for now and the index may start to come off to 10980.

Sensex at 36033.73, -0.69% looks to test to 35750 in here. Near term looks Bearish to me.

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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