Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Trade worries between US and China continue, China will likely fade, but Asia/Pac could be trading weak near term. PE

DJIA at 24456.48, +0.41% moved up, and while psych support 24000 holds see sideways trade within 24000-24750 before the DIA moves higher. Near term looks Bullish to me.

DAX at 12496.17, +0.26% moved up and looks Bullish in here targeting 12800-13000.

Nikkei at 22063.74, +1.26% broke above 22000, and if the index holds above 22000, it could target 22400-22600 medium term.

Shanghai at 2789.08, +1.52% can see 2700-2650 in here, do not expect a fall below 2650 long term, and the a rising back to 2800+ and higher long term.

Nifty at 10772.65, +0.21% sees Key resistance at 10800. While Nifty trades below 10800, Bearishness will hold. A clear break above 10800 trigger medium term Bullishness.

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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