Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Almost all major stock indices look Bullish in here. PE

DJIA at 21384.28, +0.11% has been moving slow but looks Bullish in here, and may see it rise towards 21600 near term.

DAX at 12752.73, +0.48% has been trading within the broad range of 12900-12600 for the past few sessions and will have to break North or South in here to give us clarity on its direction, while 12690 holds, could see a rise to 12900 this week.

Shanghai at 3135.79, +0.40% may test support near 3120 which, if it holds, could then drive it higher towards 3160-3175 this week or next.

Nikkei at 20062.19, +0.60% trades higher and looks Bullish towards 20200-20240 near term.

Nifty at 9588.05, +0.10% has a good chances to bounce back above 9600 within the next 3 sessions. Support near 9550 should hold, and not break on the Southside now. That said, we could see another leg of a sharp rally near to medium term.

Have a terrific week

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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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