Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA at 23400.86, +0.31% stable above 23250, and will attempt a rise to 23750, longer term, 23750-24000  could be an immediate top for DJIA, but maybe not. Do not call  tops.

DAX at 13133.28, +1.39% breaking above 13100, possibly inviting The Bulls to take it up near term. While DAX trades above 13100, look for a 100-300 pts rally in the coming sessions with some corrective dips. I am Bullish now.

Nikkei at 21952.35, +0.98% maintaining its Northside rally could test 22250 in here. Target for the next 3 wks at 22666. Some rejection is possible at 22250. Near to medium term looks Bullish to me.

Shanghai at 3419.67, +0.36% tested at my 3420 target and could continue to move up in the near term. A dip is possible from 3425 before resuming the rally to 3450 medium term.

Nifty at 10343.80, +0.47% tested major resistance at 10345, which if holds could bring the Nifty down to 10250-10200 in here. But in case Nifty rises more Friday, it could test at 10400.

Have a terrific weekend.

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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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