Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Japan is off  it’s holidays, and back in the action. PE

DJIA at 24262.51, +1.39% moved up from support at 23500, while that holds, there is room for DIA to rise to 24400 now. The overall range is within 24400-23500, and expect it to hold medium term.

DAX at 12819.60, +1.02% moved up, and could run to 12900-13000 near term. I am Bullish while DAX trades above 12700.

Nikkei at 22372.14, -0.45% seen to respect the resistance here, and head to 22200 or lower this week. But, on a clear break above 22600, expect a run to 23000, or is likely to continue in a Bearish mode.

Shanghai at 3116.66, +0.83% must break above 3150 now to be able to move to 3200 or above, while trading below 3150, the index is ranged within 3150-3050.

Nifty at 10618.25, -0.57% came off from 10800 as expected, while that holds, the fall may target 10500 near term.

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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