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: 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

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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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