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: Some dips seen in the stock indices Thursday. Overall the indices look Bullish long term to me.

DJIA 24700.45, -0.88% came off from the Psych mark at 25000, while 25000 holds, DIA could test 24500 before another run at 25000-25250 in here.

DAX at 12417.13, -1.53% came off from 12650 and could bounce from 12400 in here. Overall, my view remains Bullish with some dips on the way North.

Nikkei at 22174.92, +1.11% may trade within 21600-22800 in here. A break on North or South side will indicate direction longer run. We will see.

Shanghai at 2816.94, +1.41% may range trade within 2750-2850 now. A fall to 2700-2650 is possible medium term before it can start to rise again.

Nifty at 10948.30, +0.0096% marked a fresh high Wednesday and could pause at 11000 now. Or it could move to 11100-11200 medium term. Pay attention.

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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