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.