Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: DJIA near term looks Bearish.PE

DJIA at 24083.83, +0.25% and while the index trades below 24500, 23250 and 23200 open targets.

DAX at 12422.30, -1.02% is down, and may come off to 12100 if it does not bounce immediately from 12300.

Note: ear term looks Bearish for DJIA and DAX.

Nikkei at 22333.91, +0.53% is trading within narrow range, it may inch up to 22600 before coming off from there. Near term could be stable to Bullish, but overall the index looks Bearish longer run.

Note: Watch resistance on Nikkei at 22600 for clues.

Shanghai at 3089.18, -0.92% to remain ranged within 3050-3150 for a few more sessions. Range trade could continue near term. Shanghai looks neutral to me.

Nifty at 10570.55, -0.41% is capped at 10600, and cannot to decide direction medium term. While some consolidation may continue, at new trigger could happen early next week.

Have a terrific weekend.

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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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