Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Seeing more Northside coming for DJIA after trading lower to sideways for the past several weeks. PE

DJIA at 24573.04, +0.87% Monday broke above Key resistance at 24500, if that holds, a move to 25000-25200 or higher is seen in here. Near term is Bullish, as long as DJIA trades above 24500.

DAX at 12391.41, -0.41% dipped from 1st at 12500. Unless DAX breaks North may see some consolidation while it comes off to re-test to 12200.

Nikkei at 21837.39, +0.0085% has been flat around 21800 for 3-sessions running. If the index holds above 21800, a rise in the weeks ahead is possible. Price action at these marks is Key to keep an eye pealed.

Shanghai at 3109.01, -0.051% cannot hold its rise from 3100 and should test support at 3080/3070. If that support holds, some more consolidation in the 3200-3080 is possible or a sharp break below 3080 could turn Bearish near to medium term.

Nifty to 10528.35, +0.46% and Sensex at 34305.43, +0.33% moved up sharply. Nifty seeing resistance at 10550.

Note: Sensex has has room to test at 34500-34750 near term, those are Key marks to watch for the Indian equity index.

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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