Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Trade worries between US and China fade, earnings the focus. PE

Note: Some dips seen in the stock indices Thursday. Overall the indices look Bullish long term to me.

DJIA at 24924.89, +0.91%, and DAX at 12492.97, +0.61% rose sharply Thursday

Notes: DIA could test 25250 in here (looks Bullish), while DAX sees interim resistance at 12500-12600, which if holds could push it down a bit near term before driving it to 12800-12900.

Nikkei at 22483.13, +1.33% is headed to resistance at 22800. What happens at 22800 on Nikkei tells us the direction medium term. A rejection at 22800 then sees it down to 21400-21200.

Shanghai at 2825.98, -0.44% may rise to 2900-2950 medium term while trading above 2700. Medium term looks Bullish to me.

Nifty at 11023.20, +0.68% rose Thursday. The near term target is 11200 then a bit of a dip. 11200 is important resistance.

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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