Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Monday’s futures are saying the market likes the US-China trade dealings. PE

DJIA at 24715.09, +0.0045% has been ranged within 24700 recently. Resistance at 25200 has been holding well in here. There might be test to 24400 medium to long term while 25200 holds, on the other hand a clear break there targets 25,710 and then 26,591.

DAX at 13077.72, -0.28% remains within the near term uptrend. 13000 is 1st support, which could push the DAX to 13200-13400 in here.

Nikkei at 23037.90, +0.47% is trading along the channel support line. A rise to 23400 or higher looks possible medium term.

Shanghai at 3214.04, +0.65% rose Monday and is trading above 3200. If the index manages to hold the  rise, we may see the index targeting 3250 in here.

Nifty at 10596.40, -0.81% came down a bit Friday and could continue to move down Monday, the target is 10500-10000.

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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