Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA 22830.68, +0.31% could face rejection from resistance zone of 22800-22850 levels and could possibly see a corrective dip in the next few sessions. Only on a break above 22850, we would look at higher levels of 23000.

DAX 12949.25, -0.21% is trading below major resistance near 13000-13035, and while that holds, the DAX could trade sideways below 13000 or come off towards 12900-12850 near term. Directional view is Bearish for now.

Nikkei at 20878.13, +0.26% is up and is ready to test Key long term resistance near 21000 soon, A sharp correction from 21000 is the preferred action.

Shanghai at 3387.31, +0.13% bounced from 3360, also the 21-Day MA, contrary to expectations of a test to 3325. While trading above 3360, the price could rise to 3400-3425 near term.

Nifty at 10016.95, +0.28%, while it trades above that support, could see an up move to 10100 soon. Only on a fall below 10000, negate the chances of an immediate move to the Northside.

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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