Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA at 21408.52, -0.03% is ranged within 21550-21250, and could possibly continue to remain so for another 2-3 of sessions. A corrective fall towards 21000 is seen medium term.

DAX at 12445.92, +0.46% gaped up but could not move above 12500. Only on a clear break above 12500 will negate a possibility of a fall towards 12300 or lower in here, if not DAX could start moving towards 12600 again in the near term. So, 12500 is a Key mark to watch.

Shanghai at 3203.93, -0.27% is still in the near term up channel. A slight dip towards 3200-3190 is possible before resuming the uptrend. Medium term looks Bullish to me.

Nikkei at 20135.63, +0.27% is rising as expected and could move up towards 20200-20300 near term.

Nifty at 9771.05, +1.09% moved up sharply Monday surprising the market. Monday’s move indicates sharp Bullish momentum in force, so while that holds, could see a rise towards 9850-9900 in a few sessions. Near term looks Bullish to me.

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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