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 25199.29, +0.32% is moving to test 1st resistance at 25250. DIA looks Bullish in here with 4-sessions up. If DIA breaks above 25250, will likely continue to rally to 25600 medium term.

DAX at 12765.94, +0.82% is targeting 13000 in here.

Note: 13000 is Psych resistance and may hold medium term pushing DAX back to 12400-12200.

Nikkei at 22870.47, +0.33% is stable, there is enough room on the Northside while trading above 22800 and it may soon move to 23000-23200. Our view is Bullish while trading above 22800.

Shanghai at 2791.21, +0.14% looks ranged within 2850-2750. A re-test of 2750 is likely before bouncing to 2850.

Nifty at 10980.45, -0.25% sees 1st support at 10950 . While it holds, Nifty may see a bounce to 11100-11200 near term. A clear break below 10950 makes it vulnerable for a fall to 10850-10800 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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