Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: DJIA broke out of Psych resistance at 25000 and held on the highsPE

Note: Major world stock indexes looking Bullish in here to me.

DJIA at 25146.39, +1.40% broken above 25000, and sees next mark at 25250. This run, should the momentum gather and continue drives DIA to 26000 sooner rather than later.

DAX at 12830.07, +0.34% has some more room and may test Psych resistance at 13000, DAX need to move up and hold. While it trades below 12900, DAX could fade to 12600 medium term.

Nikkei at 22834.40, +0.92% moved up and is trading below 1st resistance. If the resistance holds, the index could be pushed back to 22400 again. Or a break North will be Bullish medium term, dragging USD/JPY up with it.

Shanghai at 3121.58, +0.21% headed to 3150 in here. A clear break North is Bullish, or see else a dip to 3050.

Nifty at 10684.65, +0.86% bounced from support at 10550, while that holds, see test at 10750-10800. Then watch for a clear break on either side for the long term direction.

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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