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Holiday Moods Dominate Thin Markets

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STATE OF THE MARKETS

Holiday moods dominate thin markets. US equities traded lower in thin markets that are dominated by holiday moods as traders and investors gearing up to close their book for the year end. All three major indexes, Dow (-0.2%), S&P500 (-0.2%) and Nasdaq (-0.4%) retreated after previous rally of record high when the fiscal stimulus finally signed into law. Bond yields remain relatively unchanged as the US senate need to vote for the $2,000 stimulus check.

Crude closed higher, above $48.10/bl, as markets expect a bullish report on the US oil inventories Wednesday. 2.1 million barrels are expected to be reduced from the Cushing inventories as demand returns post vaccine news. The yellow metal gold, closed higher as well, almost $1,878/oz, as investors weighed the inflation effects of the new stimulus bill which weigh heavy on the Greenback.

Dollar index (DXY) lost the 90 handle support and traded lower to the benefits of commodity currencies Aussie and Kiwi. Short-term traders still seemed concerned as the safe-haven Swiss remains in demand to hedge any unpleasant surprises as the year come to close. Recent CFTC positioning revealed that speculators remain bearish on the Greenback and Aussie; while turned bullish on Loonie.


G8 CURRENCIES SENTIMENTS

ST NZD CHF AUD EUR GBP CAD JPY USD ST
MT NZD AUD GBP EUR CAD CHF JPY USD MT
LT AUD EUR CHF NZD GBP CAD JPY 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
BNGO 1.33 + 50.42 287,232.2K 7,661.4K
TENX 1.98 + 85.05 231,530.8K 195.8K
NIO 46.14 + 4.72 120,689.9K 156,523.8K
AAPL 134.87 – 1.33 121,047.3K 140,738.5K
INTC 49.39 + 4.93 84,531.4K 34,747.2K
OXBR 2.05 + 19.18 77,335.3K 2,808.0K
BABA 236.26 + 6.25 69,715.9K 18,782.4K
GEVO 4.62 – 4.15 64,548.3K 40,474.1K
UVXY 11.28 + 5.52 55,958.5K 41,673.7K
GE 10.56 – 0.75 53,035.9K 104,391.1K
** % Change here refer to price vs previous day price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
BABA 236.26 69,715.9K + 175.14 16,471.1M
AAPL 134.87 121,047.3K + 13.78 16,325.6M
AMZN 3,322.00 4,872.9K + 36.47 16,187.8M
TSLA 665.99 22,910.8K – 58.51 15,258.4M
NIO 46.14 120,689.9K  – 16.22 5,568.6M
FB 276.78 16,382.9K  – 3.42 4,534.5M
PDD 166.19 25,217.3K + 215.89 4,190.9M
INTC 49.39 84,531.4K + 106.71 4,175.0M
MSFT 224.15 17,403.2K – 37.10 3,900.9M
SQ 214.00 15,453.0K + 69.40 3,306.9M
** % change here refers to volume vs. 20 days average volume.

TOP 5 BLOCK ORDERS

TICKER PRICE/STRIKE TYPE VOL/OI FUNDS FLOW
SNAP 51.23/57.00 stock options/call 102.83 2,559.8M
KSS 39.89/40.00 stock options/call 96.07 155.4M
PBI 6.41/7.00 stock options/call 38.90 136.3M
GC 1,881.00 gold futures 100 18.8M
CL 48.00 – 48.50 crude oil futures 5,400 260.0M

OUR PICK – No New Pick

No new pick for the year end due to thin markets. Year end is the time to reflect upon our performances and what have we done well and what could have been better. How good have we been in following our processes and procedures in the trading plan. Have we able to achieve our yearly goals with the plan. How has the markets changed for the past 12 months and how well we navigated those changes. Anything new that need to be incorporated into the plan if markets dynamics have changed. These are all questions we have for ourselves and we believe you should ask yourselves too. Happy holidays and may the coming New Year bring you greater joy and fulfillment.

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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