Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Stocks look Bullish. PE

DJIA at 25385.80, +0.41% is headed to 25400-25600 as mentioned last week. DJIA look Bullish to me.

DAX 13385.59, +0.13% is trading at major resistance at 13400. In case it holds, DAX could come off to 13200 or lower, or it could move up to 13600. Will wait for confirmation of a break or a rejection from here to get clarity on the direction.

Nikkei at 23796.45, -0.22% is holding below 24000 now. But need a fall to 23500 or lower to negate a rise past 24000 in the coming sessions. Near term looks to be Bearish.

Shanghai at 3428.68, +0.43% is up, and is headed to 3450. A break above 3450 would be Very Bullish medium term. Watch the action near 3450.

Nifty at 10637.00, +0.13%, and Sensex at 34443.19, +0.26% looks Bullish in here, and could be headed to 10750-10800 and 34500-34650 respectively.

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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