Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: DJIA, DAX and Nikkei look Bullish to me, while Shanghai may trade sideways attempting to move up eventually. Nifty trades below the all time high of 10140. Need to watch price action in here. PE

DJIA at 22158.18, +0.18% is rising as expected and could re-test 22200 seen in August. The upward momentum looks strong, and DJIA ma break above 22200 to new highs near term.

DAX at 12553.57, +0.23% is headed North like DJIA, and could target at 12750-13000 medium term.

Note: there could be a pause near 12675 before resuming the rise to 12750+.

Nikkei at 19876.42, +0.05% could head to 20500 in here from the looks of the weekly candle, the 1st target is 20200, where a pause makes sense. My long term target is 20500.

Shanghai at 3386.15, +0.06% trades below 3400. A break above 3400 is possible in a few sessions. But, trade within 3400-3360 looks more likely. A break above 3400 could drive it higher to 3420-3440 long term.

Nifty at 10079.30, -0.14% is ready to test at 10140 from where a dip is possible to 10000. If not a sharp fall, Nifty could trade sideways within 10140-10050 to gather force for a sharp move North. For now Nifty looks Bullish towards 10140.

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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