Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Stocks look Bullish in here, but there are major resistances above current marks which may hold and bring down the prices in the medium term and may not. PE

DJIA at 25241.94, +0.79% and DAX 12689.39, +1.12% both are up sharply.

DIA is trying to break above  25250, and turn Bullish on a strong rise above 25250

DAX looks Bullish to resistance at 12900-13000, but is may come off after testing 13000.

Nikkei at 22621.22, +0.49% bounced from support, and could re-test higher at 22800-23000 near term.

Shanghai at 2898.71, -0.24% is stable, and sees near term resistance at 2950, which could be tested this week before coming off.

Nifty at 11134.30, +0.45% rose above 11100 and closed higher Tuesday. Nifty could continue to rise to near term resistance 11200 before seeing a short term dip.

Stay tuned…

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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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