Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: DJIA’s Key support held. PE

DJIA at 26149.39, +0.28% was stable Wednesday. Note: that 25700-26000 is Key near term support region which may hold, keeping DJIA range-bound within 26700-25700.

DAX at 13189.48, -0.06% to move down to support at 13100-13000, then a bounce may be expected  medium term.

Nikkei at 23410.66, +1.35% moved up from 23000. There is room on the Southside to 23000-22800, the index may try to move up to 23800-24000 again soon.

Shanghai at 3471.28, -0.27% is headed lower and could target 3450-3400 near term. My view is Bearish in here.

Nifty at 11027.70, -0.20% and is testing interim support 10980. A break below 10980 is needed to confirm a move South to 10900-10800 medium term.

Sensex at 35965.02, -0.19% is trading above support at 35750. A break South could bring move to 35000. 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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