Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: DJIA is set up to rally PE

DJIA at 24899.41, +0.27% tested at 24994 intra-day, came off some. While the Key resistance on the daily holds, DIA may dip to 24750-24700 before taking another run at 25000, then higher.

DAX at 12977.71, -0.18% may test 12900 before moving to 13200-13300 near term. Overall trend is up and DAX looks Bullish to me.

Nikkei at 22862.79, -0.013% looks strong in here and 22600 is strong support. While the Northside momentum continues, there are chances of testing 23200+ medium term.

Shanghai at 3168.60, -0.16% is stable and may find it difficult to break above 3200 in here. The next 2-sessions could be stable below 3200, then see either a sharp fall to 3100 or a break above 3200.

Nifty 10806.60, +0.10 looks Bullish while it trades above 10750, Nifty could move to 10900 yet this week.

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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