Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Most world stock indices look Bearish near term. PE

DJIA at 24283.11, +0.12% moved up a bit Tuesday. Psych support to watch is 24000 and next Key at 23600 which if hold may bring in another move North medium term, or DIA could remain Bearish for the next 6 or more weeks, Summer, Yes?

DAX at 12234.34, -0.29% dipped again Tuesday signalling a move to 12000 near term. My view is Bearish for this week and next.

Nikkei at 22225.44, -0.52%, now sees 21800 in the coming sessions before a bounce.

Shanghai at 2849.65, +0.18% is looking stable now without any major movement seen. But, there is a chance of a teat to 2750 medium term.

Sensex at 35490.04, +0.056%, and Nifty 10769.15, +0.062% may look Bullish, but are Bullish only as long as they trade above 35250 and 10650 respectively.

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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