Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: DIA broke out continues to look Bullish. PE

DJIA at 25527.07, +0.44% is Bullish while it trades above 25250, near term target is the Psych mark at 26000.

Note: There are strong resistances at 25800 (Key) and 26000 (Psych).

DAX at 12809.23, +1.83% moved up following the rise in DIA, and could test at 12900-13000 in here. We do not expect a break above 13000 in here. unless…

Nikkei at 22635.59, +0.22% saw no major movement Thursday, and will be ranged within 22600-23000 for not. Which ever way it breaks declares the direction medium term. We wait, We watch, Neutral now.

Shanghai at 2889.03, +0.24% has faded from 2900+. As 2900-2950 is Key resistance, while that holds, the index looks Bearish to 2850 to me.

Nifty at 11167.30, +0.32% closed below 11200 Thursday, is likely to range-trade Friday. Will wait out the weekend.

Have a terrific weekend

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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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