Looming FAA cuts due to Shutdown

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News in Brief

Bloomberg:

  • China premier says economy to surpass $23.9 trillion in five years.
  • Trump formalize Fentanyl, reciprocal tariff cuts in Xi deal.
  • Supreme Court confronts Trump’s power to disrupt world trade.

MarketWatch:

  • Many flights at major US airports are on the chopping block with looming FAA cuts due to shutdown.
  • Arm steps up its AI investments as it cashes in on another billion-dollar quarter.
  • A cluster of ominous stock-market signals hints at a rocky year ahead for investors.

yahoo! finance:

  • Nvidia’s Huang warns: China ‘will win’ AI race with US.
  • Japan’s ruling party eyes $6.5 billion a year for Chips, AI.

Shutdown updates: Warning of cuts to flight traffic Friday amid speculation that stalemate may end soon.

Global Indexes

S&P 500

Uncertainty remains for the S&P 500 with a high wave candle below its EMA8 line.

DAX

The DAX made an engulfing bull candle, still closing below its EMA8 line.

HANG SENG

The HANG SENG bounced on the trend line while still correcting.

NYSE & NASDAQ Stocks

Micron Technology Inc

MU made a 8.9% bounce after a one day correction to close at a new high.

FedEx Corporation

FDX shrugged off the 5 uncertain candles to continue its positive trend.

JSE Stocks

JSE All Shares

The negative trend of the JSE All Shares stalled on its 50 DMA support.

Woolworths Holdings Ltd

WHL gave a P1 Power signal together with an engulfing bull candle on its trendline support.

Algomodel Strategies, Education & Features

Click on Education or go to the home page to view education posts.

Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.

All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.

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