Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN

DJIA at 25410.03, -1.16%, and DAX at 12490.73, -0.29% dipped Tuesday Vs my expectation of further gainers.

DAX could test 12400 while below 12600 as mentioned yesterday while DJIA could re-test 25000 near term.

Nikkei at 22309.05, -0.36% has come off, and and see a move to 22200 or lower in coming sessions before it attempts to move up again. Near term looks Bearish to me.

Shanghai at 3252.80, -1.19% dipped as the resistance on the 3-Day line held. The index could come off towards 3250 near term. My view is Bearish for now.

Nifty at 10554.30, -0.27%, and Sensex at 34346.39, -0.29% are stable, sideways consolidation is possible in the coming sessions within 10620-10380 on Nifty and 34500-33750 on the Sensex.

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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