Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: On the DJIA, rise is possible but, it be capped by 1st resistances. PE

DJIA at 24813.69, +0.72% move up to resistances at 24800-25000.

Note: a clear break above or rejection here will be Key to drive the next direction.

A break above 25000 will be Very Bullish medium term targeting 25500-25750, a rejection at 25000 could push DIA to 24000 again.

DAX at 12770.75, +0.37% finished in the Red. DAX could be ranged within 12900-12500 for this week. Important resistance is at 13000-13050, and could hold medium term to push DAX to 12500.

Nikkei at 22482.85, +0.031% is headed to resistance at 22800. But, overall long term looks Bearish to me.

Shanghai at 3083.82, -0.24% looks stable now. Some range-trade within the 3050-3100 zone is possible near term. A clear break above 3150 or below 3050 will determine the direction. But for now the index is in consolidation mode.

Nifty at 10628.50, -0.63% as expected. Some more Southside to 10500 is possible then a pause.

Sensex at 35011.89, -0.61% came off, and could test 1st support at 34750.The index could trade lower Tuesday and then see a bounce at the end of this week.

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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