Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA 22872.89, +0.18% is trading just at the resistance on the 3-Day candle, at the same time broke resistance on the weekly candle indicating a rise towards 23250, while trading above 22850, 23000-23250 could be tested soon.

DAX at 12970.68, +0.17% is ranged within 13000-12900, and could trade sideways now. And while trading below 13000-13035, it is likely that DAX would come off towards 12850 near term. A break above 13035 would be surprising and could indicate new Bulls coming into the action.

Nikkei at 20978.56, +0.47% has been rallying, and has almost reached target resistance at 21000. This important to watch. A clear break above 21000 could indicate strong Bullish momentum and take Nikkie to 22000+, while a rejection from 21000, could initiate new Bears long term.

Shanghai at 3383.44, -0.14% is stable and could trade within 3400-3375 near term.

Nifty at 9984.80, -0.32% came off sharply Wednesday to below Key support at 10000. In case Nifty fails to bounce above 10000 near term., the dip could continue to 9900.

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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