Morning Briefing: Major World Equities Market Indexes

Morning Briefing: Major World Equities Market Indexes

Morning Briefing: Major World Equities Market Indexes

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Asia Pacific stocks look Bullish in here as the DIA pausing to refresh.PE

Notes: The S&P 500 held steady Wednesday, finishing finishing flat to unchanged. Investors had several headlines to work through, including criminal convictions of 2 former advisers to President Trump and the resumption of trade talks between the US and China.

As for the other major US stock market averages:  the blue-chip DJIA (DIA) slid 0.3%, the NAS Comp climbed 0.4%, marking its 5th straight advance, and the small-cap Russell 2000 ticked up 0.3%, closing at a new record high for the 2nd day running.

Thursday in Asia

Commentary: Asia-Pac looks Bullish with Nikkei and Nifty targeting pacing, and Shanghai Neutral. DAX is also headed North while DJIA could dip in here followed by a rise in the next week. PE

DJIA at 25733.60, -0.34% dipped a little bit Wednesday. If it fails to rise back above 25750 just now, the DIA could come back into the 25750-25250 zone for a few session, or a rise to 26000+ is possible.

DAX at 12385.70, +0.0098% continued North. While DAX trades above 12300 it could move to 12500-12600 near term. Looks Bullish to me.

Nikkei at 22404.12, +0.19% rose from 22000 this week, is moving to 22800 nicely. A clear break above 22800 in here could validate a Bullish shoulder-head-shoulder formation on our chart. Near term looks Bullish to me too.

Shanghai at 2710.98, -0.13% is Neutral. A clear break above 2750-2800 will trigger new move halting fall below 2650 medium term.

Nifty at 11570.90, +0.17% is Bullish while trading above 11500. A rise to 11600-11800 is seen medium term, 11600 or higher is expected yet 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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