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

  • Globally all of the major stock indices look Bullish near term.

Commentary: Overall global stock market indexes look Bullish in here, except Shanghai and DAX which could see some Neutral range trading during this week. PE

Notes: Wall Street extended Friday’s drive into record territory Monday, with the S&P 500 (+0.8%) registering its 2nd straight record close. The NAS Comp (+0.9%) and the small-cap Russell 2000 (+0.2%) also posted new records, while DJIA (+1.0%) finished about 2.0% below its 26  January all-time high.

News of a trade deal between the US and Mexico helped underpin Monday’s broad based advance, removing some of the trade uncertainty that’s plagued the market at times this year. With a US-Mexico deal in place, Canada will now come to the negotiating table on Wednesday, as the 3 nations look to shred and fully replace their 3-way NAFTA deal.

In Asia Tuesday

DJIA at 26049.64, +1.01%, and DAX at 12538.31, +1.16% both moved up sharply Monday. And they look Bullish near term. DIA could rise to 26300, and DAX to its near-term resistance at12650.

Nikkei at 22934.68, +0.59% has moved above 1st resistance 22800 and if this rise holds could validate the shaping Shoulder-Head-Shoulder pattern indicating further Bullishness near term. While Nikkei trades above 22800-22850 it is Bullish to 23500. This could also mean Bullishness in USD/JPY near term.

Shanghai at 2783.95, +0.11% is also up risen, while the Chinese benchmark trades above 2750, it is seen a Bullish near term to 2800-2850 in here.

Nifty at 11691.95, +1.17% is Bullish to 11800 while trading above 1st support 11600. But there is also resistance here .

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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