Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary:Major indices are mixed. DIA and Nikkei have room to rise in here while DAX, Nifty and Shanghai looks Bearish. PE

DJIA at 25322.31, +0.023% and DAX at 12842.91, +0.60% moved up a bit. DJIA could rise further to 25750 while DAX sees 1st resistance at 12900, need a clear break to move to 13100. Overall, North for DAX may be capped at 13100 then a corrective dip may happen.

Nikkei at 22867.41, +0.28%, and Shanghai at 3054.48, +0.055% are up Tuesday.

Nikkei broke above  resistance and if the rise holds, the index could test 23500 in here. Or, a fall to 22000 may happen.

Shanghai is likely to break below 3050 near term, opening up chances to see 2950.

Nifty at 10786.95, +0.18% tested 1st resistance at 10850 Monday but could close above 10800. While this resistance holds, the Nifty could come off to 10650 in here. A break above 10850 turn it Bullish medium term.

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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