Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 24216.05, +0.41% bounced from Psych support at 24000, and while the daily trend support holds, there could be some Northside in DIA to 24750 and beyond. Or, a failure to hold above 24000 and may see 23600 soon.

DAX at 12177.23, -1.39% looks Bearish near term to 11800.

Nikkei at 22194.21, -0.34%, in case it breaks below the Psych support at 22000, it could be vulnerable to 21500 medium term. Watch price action at and around 22000 carefully

Shanghai at 2813.61, +0.96% could break below major support at 2800 and head to 2750 next week. The index looks Bullish with some possibility of a bounce to 2850 now.

Nifty at 10589.10, -0.77%  broke below 10650 as expected, and now it could target 10400 near term. The Nifty is Bearish into next week.

Have a terrific weekend

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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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