Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


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

Note: Nearly all major stock market indices seeing 1st resistances, and could either remain stable, crack or break them or dip in here.

DJIA at 24462.94, -0.82% came off Friday but while DJIA trades above 24250 it could rise back to 25000. A break below 24250 could trigger a decliner to 24000 or lower.

DAX at 12540.50, -0.21% is down a bit, and the resistance at 12600-12650 is important while that holds, a dip to 12400 is possible.

Nikkei at 22092.24, -0.32% rose last week, but the Northside is limited at 22500-22550 near term. A dip to 21800 may occur if the resistance at 22550 holds.

Shanghai at 3061.28, -0.33% is ranged within 3050-3150, and may remain stable this week before deciding direction. A break below 3050 could open up a fall to 2900. Watch Key mark at 3050.

Nifty at 10564.05, -0.012% is stable below 10600. Either Nifty stays stable for a few more sessions or come off to test to 10450.

Have a terrific week.

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