Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Overall, global stock market indexes are mixed. DIA looks Bullish on a successful attempt to break out above 25250. DAX is stable near term. PE

DJIA at 25241.41, +0.38% marked an intra-day high at 25326 and faded. This rise could turn Bullish for DIA to 25750-26000 near term.

DAX at 12811.05, -0.15% does not look Very Bullish now. There is a chance for a move to 13000-13100 but see Bearish possibilities too for a move to 12600-12500 or lower.

Nikkei at 22787.42, -0.16% tested resistance at 22800. If it holds, may see a rejection, pushing the index to 22000. But, if  Nikkei breaks above 22800-23000, it could turn Bullish medium term.

Shanghai at 3077.65, -1.02% dipped from 3150, is headed to 3050. Near term it will be ranged within 3050-3150.

Nifty at 10768.35, +0.78% looks ranged within 10850-10600 for now. A clear break on either side will give us the direction, till then Neutral Nifty.

Have a terrific weekend

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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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