Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 21711.01, +0.45% rose above 21700 Wednesday indicating resumption of the long term uptrend (Trump Rally), and has enough room on the upside towards 21800 in the coming sessions. Near term likely to remain Bullish, as I see it.

DAX at 1235.11, +0.33% may test 12400-12450 in the coming sessions before seeing another leg South

Shanghai at 3221.92, -0.79% came off sharply as expected and could fall to 3200 before bouncing to 3240-3260 next.

Nikkei at 20093.41, +0.22% is stable over the past 7 weeks and could continue to trade within 19705-20000 for the next 2 of weeks.

Nifty at 10020.65, +0.56% moved up Wednesday to close above 10000, 1st resistance is seen near 10050-10100 from where a sharp pullback is possible medium 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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