Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Trade worries between US and China fade, earnings the focus. PE
Note: Almost all these indexes screened are now Bullish near to medium term. See the Bull running in global stocks now, how far, how fast, tune in.
DJIA at 24776.59, +1.31% moved up sharply and seeing 25250 the 1st resistance. A clear break above 25250 take it to 25600, or a move back to 24500 could happen. I am Bullish in here.
DAX at 12543.89, +0.38% moved up sharply and looks Bullish near to medium term to the Psych mark at 13000. The support is 12200, see it holding well in here.
Nikkei at 22278.51, +1.03% moved up, and the Bulls could take it to 22800-23000 in here. 22800-23000 could act as Key resistance, a move North or South would be the signal for long term direction of Nikkei.
Shanghai at 2817.44, +0.083% bounced, but a clear break above 2850 is needed to negate a fall below 2800 near to medium term. While trading below 2850, chances of re-testing to 2750-2700 is on the cards.. Near term could be Bullish.
Nifty at 10852.90, +0.74% broke above 10800, if it holds it will signal Bullishness to 10950.