Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Trade worries between US and China continue, China will likely fade, but Asia/Pac could be trading weak near term. PE

DJIA at 24356.74, +0.75% moved higher Thursday. While DIA trades above 24000 it looks Bullish to 24750-25000.

DAX at 12464.29, +1.19% is up, while support at 12100 holds, DAX could move to 12600-12800 sooner not later. Near term looks Bullish to me.

Asia/Pac looks weak in here

Nikkei at 21696.49, +0.69%, and Shanghai at 2713.43, -0.75% continue to fall and look bearish for now. Nikkei could head to 21200; Shanghai can test to 2700-2650 before bouncing higher.

Nifty at 10749.75, -0.19% is holding below Key resistance at 10800 now. Unless we see a rejection here there is the chance that the index will breaks above 10800 and run higher. Watch price action at 10800-10850.

Have a terrific weekend

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