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 the indexes I screened are now Bullish near to medium term. See the Bull running in global stocks now, how far, how fast, tune in.

DJIA at 24919.66, +0.58% moved up and could test at 25250. Or see a rejection at 25000 (here) and see a dip to 24750 or lower before it moves up again.

DAX at 12609.85, +0.53% wants to test at 12800-13000 in here. Near term looks Bullish to me.

Nikkei at 21891.55, -1.38% gap opened down to test 21800. While support at 21600 holds, the index has room to move to 22600-22800. A clear break below 21600 would be Bearish to 21000.

Shanghai at 2784.02, -1.54% can test to 2700-2650. Near term is Bearish. But we do not expect a fall below 2650 in the near future.

Nifty at 10947.25, +0.87% closed at 10947. If the rise holds, the index could gather momentum and rally towards 11000-11200 in here. Or, it could dip back to test 10850 this week before resuming its move North. Overall, the break of 10850 could trigger a medium term rally.

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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