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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