Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Nothing new. PE

DJIA at 25178.61, -0.62% dipped instead of moving higher to 25500. Trade within 25000-25500 is likely to be seen in here.

DAX at 12418.39, +0.58% moved up in line with expectation, but may pause in the 12400-12550 zone now. If no rejection is seen at 12500, DAX could signal medium term Bullishness. Watch the action near 12500-12550.

Nikkei 21789.57, -0.16% is trading along the resistance line, and while it holds, a rejection to 21400-21000 is possible near term. On a clear break above current marks, we may negate an immediate fall towards 21000 and expect some Bullishness near term.

Shanghai 3323.47, -0.10% is stable with no major movement now, but while the medium term resistance at 3350 holds, a fall to 3250-3200 is on the cards.

Nifty 10421.40, +1.9% rose above 10400, and if it holds, the index could move higher to 10500-10620 in the sessions ahead.

Sensex 33917.94, +1.83% is at the interim resistance mark and if it manages to break to the Northside, it could test 34500, or to a rejection from here, and could indicate a corrective fall in here.

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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