Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: DIA broke out looks Bullish. PE

DJIA at25414.10, +0.68% has broken out above 25250, signaling near term Bullishness. While the momentum is on, DIA should to 26000 or higher near term after a confirm test of the breakout.

DAX at 12579.33, -0.87% in see/saw mode trading within 12800-12500 without directional clarity. While trading above 12500, a rise to 12900-13000 is possible. Or DAX could fall to 12300-12200 medium term.

Nikkei at 22592.23, -0.097% dipped, but could range trade within 22600-23000 for now. Nikkei is trading at important marks and there is no direction yet, Neutral.

Nifty at 11132, -0.021%, and Shanghai at 2892.26, -0.39% are stable seeing no major movement in here. Trade within 11200-11000 in Nifty to continue for now, while Shanghai could test resistance at 2950 then fading.

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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