Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Again the major indexes have risen near term, there are resistances medium term. Be cautious at these marks. PE

DJIA at 25415.19, +0.43% has risen and needs to sustain  above 25250. Sideways movement or fall to 25250 could weaken the Bullish momentum. We wait to see.

DAX at 12805.50, +0.057% may rise to 13000-13100 before fading. For now DAX looks Bullish to me.

Nikkei 22674.32, +0.53% is trading below Psych resistance at 23000, while it holds, the Nikkei could continue ranged. A break above 23000 to halt Bearishness medium term.

Shanghai 2873.57, -0.099% is expected to come off to 2800  medium term, as 2900-2950 is Key resistance.

Nifty 11356.50, +0.33% rose Tuesday and heads to the long term resistance at 11400-11500. This is Key; if holds could bring on a correction in August. Or, a rise above 11500 means continuation the rally medium term.

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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