Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: DJIA is set up to rally PE

DJIA at 24831.17, +0.37% is rising and could test 25000-25200 in here. But, 25200 may act as 1st resistance as I see it on the daily. A break above 25200 indicates more Bullishness medium term.

DAX at 13001.24, -0.17% looks Bullish near term. While DAX holds above 13300, it could head to 13600 medium term.

Nikkei at 22810.87, +0.23% could see 23400 or higher looking at the 3-Day chart, as the recent break above 22600 indicates strong Bullishness ahead.

Shanghai at 3182.88, +0.62% should test resistance at 3200, then may come off. The Northside momentum could take it to 3200 +, followed by a sharp fall towards 3150 or lower medium term.

Nifty at 10806.50, +0.84% has room to move up while the support at 10600 holds. Today if the index remains above 10800, it may move to 10850. Near term looks Bullish to me.

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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