Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: The world’s major stock indices have Bullish look, but need to prove their strength near term, as the FOMC dovish minutes, sent the Bears away late in the day Wednesday. PE

DJIA at 24886.81, +52.40, +0.21% marked a low at 24667 early Wednesday closing higher as the FOMC Minutes lowered the chances of 3 rate hikes this year. Technically, .DIA needs to breaks out of the range at 24600-25100 to show us direction. Meantime, sidelined.

DAX at 12975.36, -194.56 dipped below Key support at 13000. Thursday’s action is important to see if there is follow-through selling or not.

Nikkei at 22510, -0.79% is trading lower Thursday too, after breaking below the Psych support at 23000 Wednesday.

Shanghai at 3168.96, -1.41% fell Wednesday and could become Bearish on a clear break below major support at 3150.

Nifty at 10430.35, -106.35, -1.01% fell below 10440, so seeing near-term test of major support at 10250, and next at 10100.

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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