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On November 27th, Guanglian Aviation released its investor relations activity record, highlighting gas turbines as a key new growth driver for the company. Leveraging its technological accumulation in structural component manufacturing and composite material applications, the company has rapidly entered the gas turbine market, achieving a breakthrough across the entire process from rough machining to complete assembly of the gas turbine casing. It can provide integrated solutions from structural design and material selection to assembly and testing. Its products are mainly used in scenarios such as pressurization of oil and gas transportation pipelines, with high value per casing and significant technological barriers. Strategically, the company is targeting the commercial aerospace market, entering core segments of the industry through a dual approach of acquisitions and collaborations. On one hand, it actively connects with commercial aerospace companies, undertaking production tasks for core components such as launch vehicle tanks to seize incremental market share. Simultaneously, it leverages cooperation with professional research institutes and universities in the aerospace field to build a dual-dimensional business matrix of "rocket + satellite," laying the foundation for the companys business development in the commercial aerospace sector.Angolas final plan shows that it will cut oil exports to 966,000 barrels per day in January.British Chancellor of the Exchequer Reeves and the Science Secretary will hold a roundtable meeting with telecommunications industry executives.On November 27th, Russian President Vladimir Putin stated on Thursday that the outline of the draft peace plan discussed between the United States and Ukraine could form the basis for a future agreement to end the conflict in Ukraine, but if not, Russia will continue fighting. Putin said, "Generally speaking, we agree that this can serve as the basis for a future agreement." He added that the version of the plan discussed by the US and Ukraine in Geneva has been submitted to Russia. Putin stated that the US is considering Russias position, but some issues still need to be discussed. He also stated that Russia is willing to provide guarantees of non-aggression if Europe desires them. "The fighting will only stop when the Ukrainian army withdraws from the areas they occupy. If they do not withdraw, we will force them to withdraw. Thats it." Putin also stated that the Russian army is accelerating its advance in Ukraine. Meanwhile, Putin stated that he believes the Ukrainian leadership is illegitimate, therefore a legally improbable agreement with Ukraine is impossible, and any agreement must be recognized by the international community, which must acknowledge Russias achievements in Ukraine. Putin also refuted claims that US Special Envoy Witkov showed favoritism towards Moscow in the Ukrainian peace negotiations, calling them nonsense.The commander-in-chief of the Ukrainian army stated that Russia had to deploy reserves during its operations in Pokrovsk.

S&P 500 Weekly Price Forecast – S&P 500 Defies Gravity Again

Alice Wang

Jan 30, 2023 15:54

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Weekly Technical Analysis for the S&P 500

Although the S&P 500 E-mini contract has gained ground over the last week, I believe the market is now attempting to persuade itself that the Federal Reserve will intervene and rescue it. If there isnt an immediate and big selling, I believe Jerome Powell will do all in his power to dispel this misconception. We have a whole generation of traders and money managers that have never dealt with inflation, so whether or not Wall Street decides to pay heed to them is an entirely other issue.


They only know that "Uncle Jerome" would intervene to rescue them if their losses get too severe.


The size of the candlestick is pretty amazing, and reaching the 4200 level would mean removing the inverted hammer from around two months ago. The fundamentals just do not support the market moving higher, but pricing is the one factor that cannot be contested. That would be a tremendously bullish move.


On the other side, if we were to drop below the candlestick's base, we would put the 3900 level in danger and may even allow for a drop below the 3800 level. Following that, there is the 200-Week EMA, which is located just above the 3700 level and where there is still a lot of support. Alternatively, things may become nasty if we collapse down there. In such case, we would see a highly unfavorable action.

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