Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
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
Latest posts by Paul Ebeling (see all)
- Ferrari’s (NYSE:RACE) Classic 250 GTO’s Are the World’s Most Expensive Cars - June 19, 2018
- The Trump Effect: China’s Stock Markets Feeling ‘Extreme Pain’ - June 19, 2018
- A Trump Win in 2020 Spells End of This Democratic Party - June 19, 2018