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: DJIA broke out Monday, and ran up Tuesday, paused to refresh Wednesday, DAX looks like it want to mark higher but will wait for confirmation. PE

DJIA at 25583.75, -0.18% broke above major resistances and is set to rise near to medium term, currently the Bulls are in pause to refresh mode consolidating the move and may maintain here for few sessions before moving North again. I am Bullish.

Note: The S&P 500 finished Wednesday a bit lower, ending its 4-session winning streak with a quiet, uneventfulperformance. The SPY lost less than 0.1%, staying within 0.5% of its 26 January record high. The NAS Comp ticked higher, adding 0.1%, the DIS came off 0.2%.

DAX at 12633.54, -0.12%, has important support at 12,500 that is holding, and that support can drive it to 12800+ medium term. A clear break below 12500 opens a test to 12300. DAX is paused and do not see any significant action until next week.

Nikkei at 22584.18, -0.27% has been ranges for about 4-weeks without any directional indicators. So, while the resistance holds, it can off to 22000, or it could break out over the Key resistance at 23000 medium term. But, for now seeing that Key resistance holding and causing a near term.

Shanghai at 2792.92, +1.78% has major support on the weekly line, and while that holds, the Southside looks limited near term. See sideways consolidation required before an up-move begins. The Southside looks limited at 2700-2650 for now.

Nifty at 11450, +0.53% is testing at important resistance on the 3-Day candles and weekly lines. While resistance at 11500 holds a fall to support at 11300 is not out of the question.

Stay tuned…

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.