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 and a overall Bullish outlook.PE

DJIA at 25119.89, +0.22% looks to test at 25250 and then to 25600 longer term. Overall near to medium term looks Bullish with  a dip from 25250 before resuming the uptrend.

DAX at 12661.54, +0.80% moved up in here, DAX looks Bullish near term with a Northside target of 12800-13000.

Nikkei at 22901.07, +0.90% broke above 22800, flashing Bullish signals medium term. 22800 is now major support and while Nikkei trades higher, it could mark 23000+ in here.

Shanghai at 2810.10, +0.43% is stable above 2750, and will hold below 2850 in here, then see an attempt a break above 2850 medium term.

Nifty at 11008.05, +0.65% bounced from 10900 to resume its uptrend. While the support at 10850-10900 hold Nifty could test at 11100 in here. Northside target at 11200 stays 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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