Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Nothing new. PE

DJIA at 25007.03, -0.68% is trading at Key resistance now. Resistance 25200 on the 3-day candle is holding well and there is room for a fall to 24400-24000 medium term. While DJIA trades below 25500, my view is Bearish towards 24000 in here.

DAX at 12221.03, -1.59% fell in line with expectations, and while trading below 12500, there is risk for a move to 12000-11800 in here.

Nikkei at 21748.30, -1.00% is trading along the resistance line. Trade within 22000-21400 is possible in the next 2 of sessions. A fall below 21400, if seen could push it South to 21200-21000. For now the index is likely stable or see a short corrective dip.

Shanghai at 3294.85, -0.48% looks to be holding below 3350 as mentioned Tuesday. While trading below 3350, see 3250-3200 this week or next.

Nifty at 10426.85, +0.05%, and Sensex 33856.78, -0.18% both tried to move up Tuesday, but came off to close mixed. If the Northside momentum continues, the indices could move to 10500 and 34500, or see a dip to 10380 and 33500 could happen near term.

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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