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US Equities Mixed Amid Political Turmoil

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STATE OF THE MARKETS

US Equities mixed amid political turmoil. US equities closed mixed with Dow up 438 points (+1.44%) and S&P500 up 21 points (+0.57%), while the tech heavy Nasdaq down 78 points (-0.61%) in the midst of clash between protesters and law enforcement officers in Capitol Hill as news hit the wires that Republican had lost both senate seats in Georgia. The benchmark US10Y yield rose above 1% for the first time since March as falling prices saw more than $71b flows into the coffers of US treasury.

Crude continue to climb higher, closed above $50.45/bl, after OPEC+ finally agreed for a supply cut and the Cushing inventories showed more reduction than expected. Gold traded lower, closed below $1,919/oz as players booked their profits while bargain hunters look for more upside as Democrat control of the Senate would send more stimulus to the economy.

In the FX space, Dollar staged a rebound on short-covering, mostly at the expense of Sterling as the Queen’s currency faced another lockdown on Covid. Aussie and Kiwi continue to lead in demand in all three horizons while Loonie edged lower in the short-term. Euro seems to stage a rebound in the short and medium term while Swiss switch place with Yen on the safe-haven flows.


G8 CURRENCIES SENTIMENTS

ST NZD AUD EUR CHF USD CAD GBP JPY ST
MT AUD NZD CAD CHF EUR USD JPY GBP MT
LT AUD NZD GBP EUR CHF 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
ISR 1.42 + 167.67 259,100.0K 1,516.3K
AIKI 1.04 + 21.99 188,532.9K 3,167.6K
NIO 50.50 – 5.08 176,397.7K 154,803.8K
BNGO 4.77 – 3.64 170,457.3K 33,695.9K
AAPL 126.60 – 3.37 155,087.9K 133,762.6K
NMTR 1.37 + 28.04 145,564.8K 3,809.8K
GE 11.36 + 5.48 131,584.6K 103,967.2K
UVXY 11.35 – 1.05 132,643.5K 43,649.0K
BAC 32.15 + 6.25 107,002.8K 57,233.3K
SQQQ 16.09 + 4.14 102,854.4K 68,542.5K
** % Change here refer to price vs previous day price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 755.98 44,699.9K – 19.17 33,792.2M
AAPL 126.60 155,087.9K + 37.35 19,634.1M
AMZN 3,138.38 4,394.8K + 20.72 13,792.6M
NIO 50.50 176,397.7K + 37.14 8,908.1M
BABA 227.61 37,146.0K  + 23.42 8,454.8M
MSFT 212.25 35,930.6K  + 27.78 7,626.3M
NVDA 504.58 14,510.5K + 115.74 7,321.7M
ENPH 203.38 33,331.8K + 644.64 6,779.0M
FB 263.31 24,354.1K + 43.96 6,412.7M
AMD 90.33 51,911.6K + 38.63 4,689.2M
** % change here refers to volume vs. 20 days average volume.

TOP 5 BLOCK ORDERS

TICKER PRICE/STRIKE TYPE VOL/OI FUNDS FLOW
MUR 14.69/15.00 stock options/call 277.81 176.3M
BAC 32.15/32.50 stock options/put 169.19 3,440.1M
ZT-UB 110.1413 – 208.29 US bond futures 5,819 71,452.4M
GC 1,948.00 gold futures 300 58.4M
CL 48.50 – 50.40 crude oil futures 2,835 141.7M

OUR PICK – No New Pick

No new pick for first week of the new year due to thin markets. First week of the new year is the usual time to rebalance the portfolio and readjust our trading system and strategies to reflect new market dynamics. We will wait until after the release of US employment figure for December before making any new pick.

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.