Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Most indices gained according to my expectations, and the Bulls are in charge PE

DJIA at 22775.39, +0.50% broke above all resistances, and the Bulls are in control now. While the Northside momentum is intact, see a rise towards 23000-23250 soon.

DAX at 12968.05, -0.02% is stable Friday, and poised for another shot at Key resistance near 13000-13050 from where a corrective dip may come. DAX could close the week on a positive note. Next week is another story.

Nikkei at 20679.18, +0.25% trading just below major resistance at 20700-20745, while that holds any further move North looks limited. The index could remain stable and possibly enter into a sideways consolidation if not see a sharp fall towards 20600-20500 near term.

Nifty at 9888.70, -0.26% could trade within 9950-9850 for a few sessions before coming down to 9800.

Shanghai is closed this week for the National Holidays, movement resumes Monday after the week-long holiday.

Have a terrific weekend.

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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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