Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: DJIA is set up to rally PE

DJIA at 24542.54, +0.75% has closed above 24500, breaking above the near term range. While DIA continues to rise, it could head to 25000 yet this week.

DAX at 12943.06, +0.24% is in an uptrend headed to 13200 near term.

Nikkei at 22440.44, +0.14% is ranged within 22400-22600 region, 1st resistance at 22600 is holding. There are equal chances of the index moving North or South. Wait to see.

Shanghai at 3168.81, +0.31% looks Bullish near term, while trading above 3150 it could test 3200-3250 in here. Near term looks Bullish to me.

Nifty at 10741.70, +0.22% could have room to test at 10800-10850 near term. Support at 10600 is holding.

Sensex at 35319.35, +0.29% is seen move to 35500-35750.

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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