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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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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