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 24657.80, -0.17% closed below 24700 Wednesday, if DIA fails to rise above 24700 again, the index could turn Bearish for a test to 24250-23750.

DAX at 12695.16, +0.14% if DAX moves above 12700 near term, it could run back to 13000. Or, if we see a fall to 12600, then focus it on the Southside.

Nikkei at 22681.38, +0.56% bounced from 22200, while that holds, the index could to resistance at 22800, while that holds some ranged action within 22800-22200 is seen.

Shanghai at 2927.70, +0.41% is holding above 2850, and could test 3000 before seeing another fall. Near term rise to 3000 is likely within a longer term Bearish outlook.

Nifty at 10772.05, +0.58% trades within 10650-10850 with no clarity medium term. A sharp falling move is needed to push it to 10600.

Sensex at 35547.33, +0.74% is trading within 35250-35750, and could soon come out of the range in the next week, up or down is the Big Q.

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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