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Days Getting Colder, Nights Getting Hotter

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STATE OF THE MARKETS

Though the days are getting colder, US nights are getting hotter for the US election. Major US indexes rebounded to pare the losses on Friday but still below 5 days losses, as short sellers cashed-out on profit taking. Consequently, the rise in treasury yields, prompted mega buyers to step in with more than $77b in funds for the ultra and 10 year notes.

Crude recovered sharply to $37 on the news that Russia is ready to talk to OPEC+ to delay its production hike while gold received the benefits of the uncertainty in the US election this week, as price hit close to $1,900/oz. This was also reflected in the FX space as CAD, AUD and NZD lead the pack and short-term accounts seek risks. 

Long and medium term accounts continue to ditch the Kiwi, while grabbing back the CAD and keeping Sterling on board. Though overall markets sentiments is in extreme fear, some savvy investors look ready to capitalize on whatever happen in the US election when Swiss was left running on the back foot.

 


G8 CURRENCIES SENTIMENTS

ST CAD AUD NZD USD EUR GBP JPY CHF ST
MT JPY USD CAD GBP NZD AUD CHF EUR MT
LT JPY CAD USD GBP NZD CHF EUR AUD LT
** ST refers to Short-Term which is daily turnover, MT is Medium Term which is 
weekly
and LT refers to Long-Term which is monthly turnover.

WALL ST MOST ACTIVE

TICKER LAST PRICE

% CHANGE

VOLUME 90 DAYS AVG
NIO 33.32 +8.96 265,719.9K 127,820.4K
AAPL 108.77 -0.08 122,866.9K 160,961.8K
GE 7.52 +1.35 108,878.3K 94,772.0K
SQQQ 24.95 -0.32 85,594.6K 52,651.0K
SPY 330.20 +1.12 86,068.3K 71,183.4K
DBVT 1.76 +23.08 74,648.2K 490.1K
XLF 24.31 +1.89 65,136.0K 57,767.9K
F 7.71 -0.26 59,962.9K 64,170.9K
BAC 24.08 +1.60 59,756.4K 60,375.2K
ISIG 1.02 +22.88 55,641.6K 1,649.0K
** % Change here refer to price vs previous day price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
AMZN 3,004.48 7,257.3K +32.98 21,804.4M
AAPL 108.77 122,866.9K -7.31 13,364.2M
TSLA 400.51 29,021.1K -16.61 11,623.2M
NIO 33.32 265,719.8K +105.29 8,853.8M
FB 261.36 27,165.6K +25.73 7,100.0M
MSFT 202.33 30,842.1K +6.19 6,240.3M
GOOG 1,626.03 2,535.4K +34.80 4,122.6M
NVDA 503.23 7,491.3K -11.42 3,769.8M
BABA 310.84 11,857.6K -2.97 3,685.8M
ZM 453.00 8,051.8K -10.56 3,647.4M
** % change here refers to volume vs. 20 days average volume.

TOP 5 BLOCK ORDERS

TICKER PRICE/STRIKE TYPE VOL/OI FUNDS FLOW
PINS 58.38/59.00 stock options/call 163.50 2,126.3M
TEAM 184.29/165.00 stock options/put 86.87 570.6M
ING 7.16/7.00 stock options/call 55.04 39.2M
SI 24.06 silver futures 172 20,7M
UB-ZN 215.11 – 138.08 US bond futures 4,530 77,957.0M

OUR PICK – SILVER

Our “sell limit” on Gold was filled today, and for those who have limited capital; silver can be your alternative as they move in positive correlation. A Blue sweep in the US election would trigger further equities consolidation, rising demand for treasuries and hence the Greenback. Coupled with deflationary concerns this means lower gold. The block order of $20m worth in the silver futures and $77b funds flowing into US treasuries should also help elevate the Greenback. We favor shorting the precious metal. (Read our gold pick here)

HORIZON STRATEGY SL TP1 TP2
Short-Term SELL 25.10 22.50 21.65
Medium-Term SELL 25.10 21.65 20.55
Long-Term FLAT

 

Disclaimer:

This article is for general information purpose only. It is not an investment advice or a solicitation to buy or sell any securities. Opinions expressed are of the authors and not necessarily of MFM Securities Limited or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.