Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 24117.59, -0.68% rose above 24500, came off and closed lower. DIA near 24000 is psych support which could hold then drive prices North. A clear break below 24000, then targets testing to 23600-23500.

DAX at 12348.61, +0.93% is seeing its support hold, what it does DAX could target
13000 medium term.

Nikkei at 22177.58, -0.42% is moving lower, could pause now at or near psych support at 22000. Failure to bounce from 22000 sees it to 21800-21500.

Shanghai at 2814.45, +0.045% sees the psych support at 2800, if it holds may rise to 2850-2900. But 2800 may not act as a strong support and an a break below 2800 is seen.

Nifty at 10671.40, -0.91% came off Wednesday marking an intra-day low at 10652. A clear break below 10650 will trigger a medium term fall to 10400 or lower yet this week.

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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