Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: The world’s major indices looks Bullish with strong upward momentum in here. PE

DJIA at 22118.86, +0.28% looks Bullish towards 22400 in here, where a pause to refresh may happen. Some resistance is see at 22300, but if the Northside momentum is strong, it could break on the Northside this week.

DAX at 12524.77, +0.40% is headed North 12750-13000 now. While the Northside momentum looks strong , rally is likely to continue near term.

Nikkei at 19869.82, +0.47% is headed towards 20000, 1st resistance now. A break above 20000 if seen near term could take it to 20200 medium term. Near to medium term looks Bullish to me.

Shanghai at 3373.44, -0.18% looks ranges within 3400-3350, 3400 being a Key resistance. While, trading below 3400, look for a dip near term. But if it continues to trade sideways, it may be base building for a sharp spike near term.

Nifty at 10093.05, +0.87% could re-test 10150, the prior high seen on 1 August. If 10150 holds, could see a move South to 10000 or lower, or a rise past 10150 could turn Bullish for the coming sessions. We will see.

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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