Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Japan is on Holiday. PE

DJIA at 23930.15, +0.022% came down to test Key support 23500 and bounced sharply to close at 23930, there is buying pressure 23500-23750 levels. The narrow range of 23500-24000 may continue Friday before a sharp breakout on either side if the formed up triangle’s tip is expected next week.

DAX at 12690.15, -0.88% is stable within 12600-12800, a clear break above 12600 is needed drive DAX to 13000.

Shanghai at 3096.71, -0.13% is likely to see  sharp movement next week either breaking below 3050 or above 3150 to decide direction.

Nifty at 10679.65, -0.36% may remain below 10800 near term and head South to 10600-10500. A fall from these marks indicate a Bearish Nifty next week.

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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