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 25451.06, -0.30% saw a bit of a  dip, as part of the normal trading pattern within the uptrend that targets 26000+ medium term.

DAX at 12860.40, +0.40% tested resistance at 12900 and looks to consolidate and move to 13000+ medium term, there is room to 13100. Overall DAX looks Bullish to 13100 medium term with some backing and filling.

Nikkei at 22584.47, -0.56% there is room for Nikkei to come off to 22400-22200 in here. But, a clear break above 23000 triggers Bullishness in the longer term, Watch USD/JPY.

Shanghai at 2876.83, +0.11% trades below resistance at 2900-2950, while that holds, see it as Neutral. In the longer term, expect Shanghai to move to 2950 +.

Nifty at 11278.35, +0.99% looks Bullish in here. Need to see if Nifty opens higher and move up Monday also. While Bullishness continues, see a rise to 11400 then a dip.

Have a terrific week

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