Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Global stock indices see more Northside in the coming sessions after trading lower to sideways. PE

DJIA at 24483.05, +1.21%, and DAX at 12415.01, +0.98% have moved up, and now have important resistances just above current marks. At this writing the futures are flat to unchanged.

Note: Watch price action carefully. If DJIA and DAX make a clear break above their respective important resistances, near term could see a strong to 25000 and 12900 respectively.

Nikkei at 21771.69, +0.51% looks stable, and can move to  22200-22400 near term before coming off from some.

Shanghai at 3170.10, -0.28, -0.25% is trading below 3200 now, it may test to 3150 then try to move to 3200. Near term looks Bearish to me.

Nifty at 10458.65, +0.40% rose nicely Thursday, it run on to test at 10500-10550. The a dip is possible to 10400 or lower.

Sensex at 34101.13, +0.47% room to test at 34500 if the Northside momentum continues.

Have a terrific weekend

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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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