Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 24174.82, -0.54% was shuttered Wednesday for the 4th of July holiday. While support near 24000 holds, DIA could trade sideways within the 24000-24800 for some time.

DAX at 12317.61, -0.26% is trying to move North and could try 12700 near term.

Nikkei at 21680.09, -0.17% could come down to test support at 21500-21200, while that holds, it could bounce to 21800 medium term.

Shanghai at 2763.37, +0.15% could test to 2750-2700 next followed by a bounce.

Nifty at 10769.90% holding well above support from where it has bounced 2X. If the supports stays strong, Nifty could be driven to 10800 yet this week, with some chances of a break to the Northside near term. Watch out for a test at 10800.

Sensex at 35645.40, +0.75% trade in a narrow range within 35750-35250. A clear break on either side is needed to give us direction.

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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