Morning Briefing Global Stocks

Morning Briefing Global Stocks
Morning Briefing Global Stocks


Commentary: DJIA setting up for a rally? PE

DJIA at 24360.21, +0.012% is stable trading just below 1st resistance at 24500. While that holds, DIA could  come off to 23750-23500, but a clear break above 24500 indicates Bullishness medium term.

DAX at 12912.21, -0.28% looks Bullish in here, and could target 13200-13400 medium term. Near term the trend is North.

Nikkei at 22400.50, -0.48% has been ranged for the last 4-5 sessions unable to decide which direction to move, the 1st resistance at 22600. It it tests there and rejected then see 22000 and lower. But, a a clear break above 22600, turns Nikkei Bullish medium term.

Shanghai at 3154.06, -0.24% moved up and may test at 3200 near term. The near term trend is North.

Nifty at 10717.80, +0.021% is trading below 10800, if it is able to break above 10800 that is a positive, but a rejection at 10800 could push in down to 10600-10500 again. On the other hand a clear break above 10800 is Bullish for the weeks ahead.

Stay tuned…

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