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Rising Yields Buoyed Dollar

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STATE OF THE MARKETS

Rising yields buoyed Dollar. Democrat control of the senate was embraced by the markets as investors chasing riskier assets forcing the 10Y yields to rise past 100 basis points. Fixed income investors were seen bidding US treasuries as the equities markets rose higher, forcing sellers to offer higher as the Dollar index closed above the 89.80 level. Equities sectors all finished in green, led by technology, except consumer staples and utilities that took a pullback.

On buoyed sentiments, crude continued its upward trajectory to close above $50.80/bl for the first time in 10 months while the anti-inflationary asset gold edged lower, closing below $1,912.50, as investors gauge the effects of additional stimulus package by Democrat controlled senate.

Heavy bidding in the fixed income markets forced Dollar supports to penetrate the medium term accounts and gained below Kiwi and Euro. Aussie short term accounts were seen in net short as medium term investors retreated on profit taking. Sterling rebound in the short-term might be used by medium term investors to cash in and booked their profits, while some short-term sellers might initiate fresh offers.


G8 CURRENCIES SENTIMENTS

ST USD CAD GBP NZD AUD EUR JPY CHF ST
MT EUR NZD USD AUD CAD CHF JPY GBP MT
LT AUD NZD EUR GBP CAD CHF 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
FTFT 5.75 + 242.26 295,348.5K 705.2K
DDD 22.96 + 104.27 193,566.7K 3,779.6K
MARA 22.36 + 31.84 118,963.6K 20,606.0K
NIO 54.28 + 7.49 119,429.2K 154,543.2K
JAGX 2.68 + 33.33 115,273.3K 34,296.7K
AAPL 130.92 + 3.41 109,578.2K 133,757.4K
SOS 3.07 + 78.49 101,060.2K 691.4K
FCEL 14.99 + 21.87 98,521.7K 46,770.0K
IDEX 2.98 + 36.07 103,883.4K 25,140.8K
PLUG 47.29 + 35.11 98,454.3K 31,134.4K
** % Change here refer to price vs previous day price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 816.04 51,498.9K – 5.79 42,025.2M
AAPL 130.92 109,578.1K – 4.11 14,346.0M
BABA 226.90 49,361.8K + 53.81 11,200.2M
AMZN 3,162.16 3,514.5K – 3.76 11,113.4M
NIO 54.28 119,429.2K – 7.28 6,482.6M
NVDA 533.76 11,537.0K  + 65.69 6,158.0M
MSFT 218.29 27,694.4K – 2.28 6,045.4M
SNOW 304.20 16,546.6K + 153.89 5,033.5M
PLUG 47.29 98,454.3K + 177.79 4,655.9M
DDD 22.96 193,566.7K + 1,329.60 4,444.3M
** % change here refers to volume vs. 20 days average volume.

TOP 5 BLOCK ORDERS

TICKER PRICE/STRIKE TYPE VOL/OI FUNDS FLOW
XP 38.27/30.00 stock options/put 23.81 50.2M
PGR 94.74/60.00 stock options/call 15.33 255.6M
6E 1.2286 FX futures/EURUSD 215 26.4M
GC 1,916.00 – 1,929.60 gold futures 1,538 295.6M
CL 46.75 – 50.80 crude oil futures 3,100 154.8M

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.

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MFM Team