Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Bears came out again Thursday. PE

DJIA at 24415.84, -1.02%, now unless DIA breaks above 25000 it will be difficult to see any Bullishness medium term. While the psych resistance holds at 25000, DIA could be pushed down to 24000 again. Failure to move up and break above 25000 could the index into consolidative mode next week.

DAX at 12604.89, -1.40% can now test to 12470/60  near term, then a bounce back to 12600 or higher.

Nikkei at 22281.54, +0.36% bounced from 22000 while the mover North continues, it could test at 22500. Near term looks Bullish to me.

Shanghai at 3100.31, +0.16% trades higher, and may move to 3150 before coming off . Overall movement within 3050-3150 is possible near to medium term.

Nifty at 10736.15, +1.15%moved up Thursday signaling that the Bears are not strong in here. Some ranged movement within 10850-10400 is seen before the index decides which way, up or down. For now, it may dip and recover its rally again next week. Seeing the Northside capped within 10850-10900.

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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