Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

Note: DJIA rebounded Wednesday, reclaiming about 50% Tuesday losses.

DJIA at 24768.93, 0.25% marked a low 24629 Wednesday after fading from the 1st  resistance, and could continue to 24250 or move up to test at 25,000 in the next few sessions.

DAX at 12996.33, 0.20% move up Wednesday after closing at 12916 Tuesday. DAX could come down to 12950-12900, and rise again. Our medium term outlook for DAX is Bullish.

Nikkei at 22817.88, 0.44% saw support at 22700 Wednesday and rose to 22800+, seeing 23000+ in the days ahead.

Shanghai at 3159.88, -0.31% is dipping from resistance at 3180-3200 and looks Bearish towards 3100 near to medium term to me.

Nifty at 10741.10, -0.56% as broken 1st support marking a low at 10699 Wednesday. If this break continues, may see Nifty coming off to 10600 near term.

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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