Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

 Commentary: Stocks are stable and could either stay ranged or move North near term. PE

DJIA at 21374.56, +0.22% is moving in line with expectation, and could head towards our target at 21600 in the next 4-5 sessions.

DAX at 12805.95, +0.32% marked an intra-day high at 12798 Wednesday, and came off sharply, 13000 is a important near term resistance which if holds could push back the index towards 12400. A confirmed break above 13000, will become more Bullish DAX.

Shanghai  at 3132.56, +0.06% closed near 3130 in line with expectations. A bounce back towards 3170 is seen near term.

Nikkei  at 19797.46, -0.43% bounced from immediate support near 19755, while that mark holds, the index could rise to 20100 near term.

Nifty at 9618.15, +0.12% came down to support near 9570, and bounced back above 9600, and while 9570-9550 holds, there is room for a  move to 9700.

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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