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 21359.90, -0.07% has the potential to move up towards 21600 mid next week. The rise could be slow but overall near term looks Bullish to me.

DAX at 12691.81, -0.89% has come off sharply and while it trades below the Key resistance 13000, it may re-test to 12500-12400 medium term before possibly stating another leg of an upward rally.

Shanghai at 3128.27, -0.13% is trading lower and may test to 3100 before the next move North. Immediate trend looks Bearish in here.

Nikkei at 19917.73, +0.43% can move towards 20100 in the next 2-3 sessions. Momentum is slow, but a rise is expected while trading above 19700.

Nifty at 9578.05, -0.42% might see support near 9550-9530 Friday, then bounce near term. On a clear break below 9530 will have me change my Bullishness on Nifty.

Have a terrific weekend

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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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