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 25064.36, +0.18% and DAX at 12561.02, +0.16% continue to trade higher. DIA is near resistance at 25250 on the daily’s whereas DAX is stable with 12500-12700 looks unable to move up sharply in here.

Nikkei at 22724.46, +0.56% may see rejection 22800, if so look for a move South to 22400-22200 medium term. On a clear break above Key resistance at 22800 see Bullishness for Nikkei going forward.

Shanghai at 2787.01, -0.96% has come off  from 2850. It could re-test 2750-2700 in here, while trading below 2850.

Nifty at 10936.85, -0.74% came off Monday, the support is in the 10900-10850, which could bounce Nifty to 11100-11200 medium term.

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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