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Stocks Retreated in Holiday Mood

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STATE OF THE MARKETS

Optimism continue but market retreated amid holiday mood. US Equities that rallied, took a breather Wednesday in the middle of Thanksgiving holiday mood coming Thursday. Stocks and bonds markets will be closed Thursday and half day on Friday for the holiday weekend, though the OTC FX markets will remain open. $2b flows into bond options with traders betting yield are going to continue rising as price falling.

Crude continues to climb higher, as high as $46.26, before closing the day for $45.71 when traders bet on put for price to strike $35 in Feb 2021. Gold remains unchanged, trading around $1,800/oz mark for the first time in 18 weeks.

In the FX space, the greenback continues to be bid lower, breaking the 92 mark to test September low around 91.75, though Loonie and Yen are seen to support the reserve currency in the short and medium term accounts. Swiss and Sterling gained traction in the short term, against the commodity Aussie and Loonie as traders revert to safe-haven for the coming holidays.

 


G8 CURRENCIES SENTIMENTS

ST NZD CHF EUR GBP JPY AUD USD CAD ST
MT NZD GBP AUD EUR CAD CHF USD JPY MT
LT NZD AUD GBP CAD EUR JPY CHF USD 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
PLTR 29.05 +21.96 202,563.7K 53,813.8K
NIO 53.69 +0.34 204,508.5K 140,883.5K
MTC 2.01 +67.50 142,220.7K 1,008.9K
WORK 40.70 +37.59 141,248.9K 13,646.6K
FCEL 8.84 +15.25 121,607.5K 29,817.4K
GE 10.50 +0.48 109,872.9K 102,949.2K
AAL 14.94 +0.81 101,052.5K 67,055.4K
F 9.08 -3.92 95,217.8K 63,291.8K
IDEX 2.71 -13.97 87,585.7K 16,697.1K
AAPL 116.03 +0.75 76,499.2K 156,732.3K
** % Change here refer to price vs previous day price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 574.00 48,930.1K +30.93 28,085.9M
AMZN 3,185.07 3,790.4K -23.71 12,072.7M
NIO 53.69 204,508.5K -24.43 10,980.0M
AAPL 116.03 76,499.2K -31.82 8,876.2M
CRM 246.82 26,394.9K +282.75 6,514.8M
PLTR 29.05 202,563.7K +199.65 5,884.5M
WORK 40.70 141,248.9K +743.80 5,748.8M
MSFT 213.87 21,012.8K -29.29 4,494.0M
BABA 277.72 15,229.3K -46.70 4,229.5M
BA 217.61 19,254.1K -27.38 4,189.9M
** % change here refers to volume vs. 20 days average volume.

TOP 5 BLOCK ORDERS

TICKER PRICE/STRIKE TYPE VOL/OI FUNDS FLOW
WORK 40.70/40.00 stock options/call 540.63 5,748.8M
GPS 21.60/23.50 stocks options/call 113.48 1,165.0M
LO 45.87/35.00 crude oil options/put 1,000 0.4M
RY 124.24 FX futures/euroyen 1,125 134.0M
OZ /140.00 US bond options/call 10,000 2,000.0M

OUR PICK – Flat, No New Pick

We have no new pick for the holidays due to thin markets. After all, our long USD/CHF idea is in the making. Look forward to be filled in the 0.9050/20 area. There will be no new analytics for Thursday as US markets is closed, though G8 FX sentiments and market commentary remain as usual. Happy Thanksgiving to traders in the Norfolk Island, Brazil and the US.

HORIZON STRATEGY SL TP1 TP2
Short-Term Flat
Medium-Term Flat
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.

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