Morning Briefing Global Stocks

Morning Briefing Global Stocks

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.

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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