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