Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Bears came out again Tuesday, and may have overdone it, we will see. PE

DJIA at 24361.45, -1.58% broke South Tuesday to indicate further Bearishness to 23750. Near term resistance on the weeklies have held, and now the view is Bearish for now.

DAX at 12666.51, -1.53% broke its uptrend last week, and may see 12200-12000 in the coming sessions.

Nikkei 21972.53, -1.73% broke below the 22400 showing the 1st signs of Bearishness. Nikkei may be headed to 21600.

Shanghai at 3064.94, -1.78% has moved below 3100 to test 3050. A bounce from 3050, if not seen could turn the index Bearish medium to long term. Watch the action at 3050.

Nifty at 10633.30, -0.52% will likely see a fall in Wednesday’s session targeting 10550 or lower. Near term looks Bearish Nifty.

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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