Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Trade worries between US and China fade, earnings the focus. PE
Note: Overall the indices look Bullish long term to me.
DJIA at 25019.41, +0.38%, and DAX at 12540.73, +0.38% have risen almost 0.40% and looks Bullish now with Northside targets of 25250 and 12800 respectively.
Nikkei at 22597.35, +1.85% trades below major resistance 22800, while that holds, Nikkei could come off to 22200 this week. A clear break above 22800 will indicate Bullishness near term.
Shanghai at 2808.79, -0.79% has been quiet, but a cleat break above 2850 would drive it to 2900 and higher. But, while it remains below 2850 the chances of re-testing 2750 is on the cards.
Nifty at 11018.90, -0.039% dipped Friday below 11100. Important resistance at 1115 may hold near term, pushing the index back to 10900. But, see the upside limited at 11150-11200.
Have a terrific week
Latest posts by Paul Ebeling (see all)
- The 5 Safest Cities in the World - October 13, 2019
- Box Office: ‘Joker’ Laughs with another $55-M in North America - October 13, 2019
- US Q-3 Earnings, Here They Come - October 13, 2019