Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Global equity indices still look Bearish in here.PE

DJIA at 24700.21, -1.15% closed below the daily trendline support at 24750, and has opened the path  to 24000-23600 now. Unless we see an immediate bounce back above 24750 medium term is Bearish.

DAX at 12677.97, -1.22% tested to 12600. If 12700 acts as major resistance, then DAX could fall to 12400. Or, we may see a bounce back to 12800-12900 in here.

Nikkei at 22287.42, +0.040% fell as expected and looks Bearish to 21800.

Shanghai at 2881.21, -0.92% dove on tensions over US-China trade relations and the index could test to 2800-2750, which may provide some near term support.

Nifty at 10710.45, -0.83% may see support within 10700-10650. Near term looks Bearish in here, but the Southside may cap at 10650.

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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