Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: DJIA looks stable to strong inhere. PE

DJIA at 24190.90, +1.38% may trade within 24500-23000, and try to move above 24500 near term. Note: Support near 23200 on the 3-day, which if it holds, may drove DJIA to Key resistance at 24800 this week.

DAX at 12107.48, -1.25% is down, looking to find support in the 11900-11800 area from where a bounce could happen in the coming sessions.

Nikkei at 21382.62, -2.32% is likely to move up while support at 21000 holds for now. A bounce to 22200 or higher is possible.

Shanghai at 3139.38, +0.30% broke below the channel support on the weekly. While it trades lower, a test of 3000 is seen. A clear break below 3000 could signal a sharper fall near to medium term. Watch price action near 3000.

Nifty at 10454.95, -1.15%, and Sensex at 34005.76, -1.18% holding above 1st support near 10320 and 33500 respectively. While these supports hold a short term bounce is on the cards.

Have a terrific week.

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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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