Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: DJIA looks stable to strong inhere. PE
DJIA at 24601.27, +1.38% could trade within 24800-23000 region and try to move above 24,800 near term with 25,200 in sight.
Note: Support 23,563 on the 3-Day, if it holds may take it higher towards 25,500 in the coming sessions.
The tentative turn to the Northside late on Friday may be tested in here, but even if sentiment stabilizes, there are challenges ahead.
Gold, Silver and the Aussie (AUD) are the best performers as yields push higher alongside risk appetite.
The Key event is Wednesday’s release of US CPI and retail sales.
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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.