Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Bears came out again Tuesday, and overdid it. PE

DJIA at 24667.78, +1.26% there is the possibility that DIA does not mark 24250, and move North to 25000 +, this action will validate a triangle formation indicating medium term Bullishness triggerig a fresh up-move. Or, DIA could fall from 25000 and range for a while longer.

DAX at 12783.76, +0.93% moved up instead of down, and although an up-move may happen in here, the Southside is open medium term while DAX trades below 12900.

Nikkei at 22148.01, +0.59% attempted to rise a bit. The 1st resistance is at 22400, if it holds could push Nikkei lower in here.

Shanghai at 3064.35, +0.75% bounced from 3045, if it holds, the index could head to 3100-3150 near term.

Nifty at 10614.35, -0.18% may see 10500, but while the run continues, the Nifty could head to 10700 or higher next week, on test to 10500.

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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