Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA at 22997.44, +0.18% has marked my target at 23000, the Bullish momentum looks strong for the coming sessions which could drive DJIA to 23250 realsoon.
DAX at 12995.06, -0.07% is trading along the Key resistance at 13000-13050, and could remain sideways for a few more sessions. The dip could extend to 12850-12800 in case the rejection at 13050 medium term.
Nikkei at 21354.56, +0.09% is stable below 21400, and could face difficulty in attempting a rise above 21400 now. While the resistance at 21400 holds, could see a fall to 21200 or lower near term.
Shanghai at 3378.77, +0.20%)could re-test at 3400-3410, while trading above 3360. Near term looks sideways to Bullish in here to me.
Nifty at 10234.55, +0.04% upside could be limited to 10300-10320 near term before we see a dip from there. Wednesday is last trading session of the week, the Indian Markets are closed for the next 2-days for Diwali.
Latest posts by Paul Ebeling (see all)
- Wall Street’s Key Stock Analysts Research Report - February 20, 2020
- Gold Prices Drive North - February 20, 2020
- Ferrari Ownership: “You Do Not Choose Ferrari, Ferrari Chooses You” - February 19, 2020