Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Stock indices are all traded higher Tuesday, an continue to look Bullish. PE

DJIA at 23590.83, +0.69% rose as expected to near 23600. There is room on the Northside to 24000 and higher on the weekly candles, the 3-day and dailies suggest little room on the Northside with resistances coming at  23750-23800.

Note: the earlier resistance near 23600 has now risen by 150-200 points. Near term looks Bullish to me.

DAX at 13167.54, +0.83% moved up above 13100 contrary to expectations of a sideways consolidation. While trading above 13100, DAX looks Bullish at 13200-13300 or higher now. The horizontal support on the daily candle, and the 21-Day MA support on the 3-day line seem to be holding now.

Nikkei 22590.27, +0.78% is moving to 22800 which could act as major resistance near term. A clear break above 22800 turns the focus on a test at 23200-23400 medium term. My view remains Bullish.

Shanghai at 3435.41, +0.73% is moving up, while the upward momentum continues, the rise could continue to 3440-3460 in here.

Nifty at 10326.90, +0.27% has risen to Tuesday, and it could be headed towards 10400-10500 with some interim dips.

Have a Happy Thanksgiving

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