Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA at 23377.24, +0.12% closed higher, and remains stable in here, 23250-23200 could act as 1st and 2nd supports for the coming sessions, which could then drive DJIA up to 23500-23750.
DAX at 13229.57, +0.09% looks Bullish in here, and could head 13300-13500 near to medium term.
Nikkei at 22324.64, +1.42% gap opened, and is trading higher to test at 22666. Near term looks Bullish to me.
Shanghai at 3398.17, +0.14% tested at 3410, but is trading at lower now. Overall the 3425-3360 area is likely to hold for now. No major movement expected outside that range.
Nifty at 10335.30, -0.27%, looking at the 3-day candles a short correction is expected near term heading to 10200-10000 before resuming the Northside move. In case, the it fails to see a correction and breaks above 10400, could see a test at 10500-10600, but that is the less preferred scenario while trading below 10400.
Latest posts by Paul Ebeling (see all)
- Ferrari (NYSE:RACE) Analyst’s Upgrade - May 23, 2019
- Growth and Trade Concerns Drive Manufacturing Index South - May 23, 2019
- New Home Sales Fall From 11-Yr Highs, Prices Up - May 23, 2019