Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Almost all major stock indices look stable to Bullish in here. PE

DJIA at 21467.14, -0.29% tested Key long term resistance near 21500 which could hold strong a few weeks. But, a upward extension could take it to 21600, but this could form a near term Top for now, and Southside dip towards 21300 is possible near term.

DAX at 12814.79, -0.58% came off sharply from 13000. Note: 13000 is a Key medium term resistance and could possibly keep the index below 13000 for now. But if 13000 holds, we could see some movement South to 12700.

Shanghai at 3143.45, +0.11% is stable while above 3120. Movement within 3120 and 3180 may continue in here before it starts to move up. For now see a sideways consolidation.

Nikkei at 20183.90, -0.23% gaped up, if it  break above 20300, it could move up to 20500-20600 quickly

Nifty at 9657.55, +0.72% was stable Tuesday but looks Bullish near term while trading above 9600. A re-test at 9700-9710 is possible near 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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