Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Still see more Northside coming for DJIA after a pause to refresh. PE

DJIA at 24748.07,-0.16% looks like it has paused in here. But, it will likely test at 25000-25500 medium term while it holds above Key support at 24500 support. Overall medium term looks Bullish for DJIA to me.

DAX at 12590.83, +0.042% is looking Bullish to me. If DAX holds its rise above 12600, it may then target 12800 this week or next.

Nikkei at 22309.15, +0.68% has moved North for the last few sessions, and now could move further North to 23000. This could pull up USD/JPY and may keep the rate above 107.00.

Shanghai at 3115.42, +0.78% paused near 3100, and if it does not bounce back immediately, it could fall to 3000 and then fall to 2900-2800.

Nifty at 10526.20, -0.21% tested important near term resistance 10600, while that holds, a pull back is possible to 10450.

Sensex at 34331.68, -0.18% tested at important resistance and 34600 and could come off to 34000 near term.

Note: Overall, both of the  Indian equity indexes could face some back and filling in here.

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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