Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 24713.98, -0.22% is stable in here, and trading below the daily resistance. While that holds, a fall to 24380 is possible. Near term looks Bearish to me.

DAX at 13114.61, +0.91% moved up nicely, and while above 12900 expect DAX to move to 13200-13300 in the days ahead.

Nikkei at 22895.49, +0.25% looks strong on the daily, while the channel uptrend holds, Nikkei could move to 23200-23400 near term. So, my view is Bullish Nikkei near to medium term.

Shanghai at 3163.27, +0.28% is coming off from resistance near 3200, and could re-test 3100 or lower next week.

Nifty at 10682.70, -0.54% came down Thursday as expected and could target 10600 now. While it trades below 10800-10700, it could to come off to 10400 medium term.

Have a terrific weekend

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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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