Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

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

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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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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