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

DJIA at 24448.69, -0.058% finished  higher after marking a low at 24324 Monday. The 21-Day MAat 24300 looks like good near term support, which could drive DJIA to 24600-24700. Overall see Dow ranged within 24700-24300 in here.

DAX 12572.39, +0.25% not able to break above 12650, while that holds, sideways trade within 12650-12400 is seen. A break above 12650 is needed drive DAX North medium term.

Nikkei at 22229.68, +0.64%, the Key resistance at 22,500 which could be tested in a few sessions. Then a fall to 22000 or lower is on the cards.

Shanghai at 3124.06, +1.83% rose from support at 3050 instead of breaking lower. If this holds, the index could move to 3150 or higher in here.

Nifty at 10584.70, +0.20% was stable Monday, and is set up to spend some time ranged within 10650-10500.

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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