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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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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