Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Bears came out Thursday, might come for food today too, we will see. PE

DJIA at 24811.76, -0.30% down a little. DIA has to breaks its range of 24600-25100 to give us clues for direction.

The DAX at 12855.09, -0.94%, a close below 12800 Friday would confirm the break of uptrend since 11710, but rise above 13100 negates the Bearishness.

Nikkei at 22443, 0.03% trades in the Green, the Shanghai at 3152, -0.09% could break below 3150. Both could dip to 21900 and 3125-00 respectively.

Nifty at 10513.85, +83.50, +0.80% recovered, but it needs to rise above 10600-700 to be seen as Bullish. Or, it needs to break below 10400 to to be seen at Bearish.

Sensex at 34663 might come down if it is unable to rise above 34750.

Have a terrific Memorial Day 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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