Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary:Short term rise is possible in here, but may be capped by 1st resistances. PE

DJIA at 24635.21, +0.90% is ranged within 24250-24800, and while it trades belos 24800, there is room to retest 24000-23750. While DIA trades above 24250 it may break above 24800-25000, this is needed to signal longer term Bullishness.

DAX at 12724.27, +0.95% has enough room to test to 12300-12200 and could be seen medium term on failure to bounce from current marks.

Nikkei at 22458.93, +1.30% is headed to resistance at 22800 and could see rejection there, and a  push back to 22000 or lower over the next few weeks.

Shanghai at 3083.65, +0.28% is stable. While it trades above 3050, there room rise to 3100-3150 and beyond. Or, may see consolidation within 3050-3100 during this week.

Nifty at 10696.20, -0.37% sees resistance at 10850, while that holds, Nifty could trade below 10850, and to 10600-10550. A rise to 10850 is possible in here before a sharp fall comes. We wait, we see.

Have a terrific week.

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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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