Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 21830.31, +0.15% continues to rise and looks somewhat Bullish near term, 1st resistance is 22000 in here.

DAX at 12162.70, -0.40% is testing support now, and while that holds, the index has a chance of moving up towards 12750-13000. Only a clear break of the support, if seen could force me to focus on lower marks.

Shanghai at 3262.86, +0.30% resumed its rally and is heading to 3280 in here before facing some rejection there. Near term looks Bullish to me.

Nikkei at 19946.32, -0.07% could be ranged or move down near term while USD/JPY is headed to 110-109. Although the index itself looks somewhat Bullish the strength in JPY is preventing an immediate rise in Nikkei. Near term trade expected within 19800-20200.

Nifty at 10014.50, -0.06% trades within its near term up channel and could remain in the 10200-9900 region for the next few sessions. The trend is North but we could expect some corrections while the index rises.

Have a terrific week.

 

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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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