Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Global equity indices look Bearish in here. PE

DJIA at 25090.48, -0.34% could test psych support at 25000 in here, a clear break below 25000 would be Bearish medium term. If 25000 holds, see another run at 25500.

DAX at 13010.55, -0.74% came off from the close of 13107 seen Thursday. Failure to see fast rise above 13100 indicates medium term Bearishness to 12800 or lower.

Nikkei at 22662.68, -0.83% has come off sharply, while the fall continues, a test to 22400-22200 looks possible.

Shanghai at 3021.90, -0.73% is stable in here, and needs to dip below 3000 to signal medium term Bearishness. Am watching the price in here for direction.

Nifty at 10817.70, +0.089% wants to break above 10850 to move to 10950. While 1st resistance holds at 10850, we could see a fall to 10650.

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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