Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA at 22761.07, -0.06% could trade below the resistance near 22800-22850, and may have been exhausted after the recent rally in the last few weeks. A pause could be expected where DJIA may trade sideways in the 22500-22800. A test of 22500 could happen for the coming sessions. Only on a clear break above 22850, look for 23000 ahead.

DAX at 12976.40, +0.16% has marked 12996 almost reaching the target at 13000. Let’s see if DAX pauses here or heads higher to break above 13000.Note: the important resistance zone is 13000-13050.

Nikkei at 20770.99, +0.39% broke above medium term resistance at 20750, while it trades above this mark, there could be a test of the Key resistance near 20900-21000 near to medium term. Near term looks Bullish to me..

Shanghai at 3359.87, -0.43% fell in the last 2-sessions from 3410. The current decline may extend to 3330-3325 before bouncing back to 3375 and higher.

Nifty at 9988.75, +0.09% was stable Monday. A rise above 10000 is necessary to take Nifty to 10050-10100 in the next few sessions, or else Nifty could continue to trade in the 10000-9900 region this week.

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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