Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA at 22841.01, -0.14% may have a chance to testing at 23000-23250 near term.

DAX at 12982.89, +0.09% may continue to trade sideways and spend some frames without any actual definitive movement.

Nikkei at 21003.50, +0.23% has made a multi-year high after breaking above Key resistance at 21000. While the Northside momentum continues could see a test of 22000 soon. We resume the exhaustion mark for Nikkei on the Northside is nearing and could soon see a reversal of trend longer term.

Shanghai at 3388.76, +0.08% expect to rise towards 3400-3420 near term. There could be some sideways consolidation within 3400-3360 before the price rises to 3400 or higher.

Nifty at 10096.40, +1.12% recovered Thursday keeping the Northside momentum intact. 9950-9980 is immediate support area, while that holds, a test at 10200 is possible.

Have a terrific weekend

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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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