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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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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