Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Stocks look Bullish to Neutral near term. Be cautious Nifty, Shanghai and DAX, as there are some important resistances near term. PE

DJIA at 22412.59, +0.19% is strongly Bullish and is rising fast to my target at 22500-22600, 1st rejection could be seen near 22600.

DAX at 12569.17, +0.06% is stable near 12600. A move to 12680 cannot be negated now.

Nikkei at 20479.88, +0.83% trades higher and has almost marked my target at 20500. A break above 20500 can drive it North towards 20800-20900 medium term. Near term looks Bullish to me.

Shanghai at 3369.56, +0.11% is ranged within 3390-3350, and could trade within this zone for some time. Sideways consolidation for another week may be ahead.

Nifty at 10141.15, -0.06% paused below 10200, as expected and could spend the next few sessions within 10200-10100. There could be a chance of a rise to 10300 longer term, the index could stay stable or dip in here, we wait, we see.

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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