Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 25058.12, -0.025% is hanging below 1st resistance 25250 while that holds, see a dip near term to 24750.

DAX 12561.42, -0.98% saw a fall from 12800 instead of rising to 13000. Support marks 12400 could produce a bounce in here, driving DAX to 12800-13000.

Nikkei at 22403.45, -1.30% was unable to rise above 23000, and has come off in line with the movement in the other world stock indices. While, 1st support 22400 holds, Nikkei may bounce back near term. Range trade within 22400-23000 is possible this week.

Shanghai at 2836.02, +0.24% rose from 2750, while the rise sustains, the index needs to break above 2850 to turn Bullish near to medium term. A break above 2850, would open up move to 2900-2950 medium term.

Nifty at 11010.20, +0.48% was ranged within 11100-10900 last week. A clear break on either side this week confirm direction on the Nifty. A rise to 11150-11200 is likely, while above 10900-10950.

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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