Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Asian and EU markets are open. PE

DJIA at 24099.05, -0.27% seeing strong bids near 23750 and while that continues, DIA could drive 24750-25000. Overall, near term looks neutral to Bullish while trading above 23750.

DAX at 12612.11, +0.25% moved up as expected, and re-test major resistance at 12650.

Note: Watch price action now and if there is a clear break above 12650 DAX could turn Bullish targeting 12800 in her or, a rejection at 12650 would push it back to 12300-12200.

Nikkei at 22436.46, -0.32% dipped from 1st resistance at 22600, while that holds see 22200-22000 near term. If the Nikkei breaks above 22600, it could test 23000 medium term.

Note: Afall from here could be in line with a fall from 110 on USD/JPY.

Shanghai 3073.72, -0.28% seeing buying at 3050, while that holds a bounce to 3125-3150 may occur. Broad trade within 3150-3050 is possible near term. A break on either side of 3050-3150 indicates the market direction.

Nifty at 10739.35, +0.44% sees no intimidate resistance in here, if Nifty breaks above 10800, it may move to 11000 medium term.

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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