Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 24271.41, +0.23% has risen, while the daily trend support at 24000 holds, the DIA could move up towards 25000. Near term looks Bullish to me.

DAX at 12306, +1.06% is ranged within 12400-12100 now. A clear break below 12100 could take it to support near 11800.

Nikkei at 22288.67, -0.071% is stable while trading above 22000 and could move to 22600-22800’ish. Overall broad movement in the 22000-22800 zone likely medium term.

Shanghai at 2823.43, -0.84% bounced a bit, and while it above 2750, there is chance that the benchmark could trade sideways within 2750-2850. Or, a clear break below 2750 medium term could open up a fall to 2700 soon.

Nifty at 10714.30, +1.18% bounced from 10550 and set to test at 10850. A clear break above 10850 indicates Bullishness going froward, thus negating a correction now.

Have a terrific week.

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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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