Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

 DJIA at 21753.31, -1.07%) fell in line with my thinking. The effort to rise towards 22000 in the last 4-sessions was halted in 1 session Tuesday, the index may not break below 21675 now and could see some recovery as it has on all dips during The Trump Rally. A break below 21675 would be an indication of more Southside medium term.DAX at 12123.71, +0.18% tested 12200 on the Northside but came off to close at 12123. Note: the 12200-12300 area could be a major resistance that could push the price back towards 12000 or lower near term.

Nikkei at 19312.25, -0.38% is trading lower in here. There is the chance of moving South to 19100-19000 levels in the next few sessions. Near term looks Bearish to me, while the US-Japan 10YR differential (2.05%) is headed lower towards 1.9.

Shanghai at 3366.17, -0.54% could be trading within 3385-3350 for a few sessions in here, continuing to consolidate sideways.

Nifty at 9952.20, +0.40% could be trading within 9850-10050 near term. Unless I see a clear break below 9800-9750, I will remain Bullish 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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