Morning Briefing Global Stocks

Morning Briefing Global Stocks

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.

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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