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Equities Stalled in Waiting for Stimulus

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STATE OF THE MARKETS

Equities stalled in waiting for stimulus. Global equities were stalled Thursday as markets await for the $1.9 trillion stimulus release from the US senate. S&P (+0.17%) and FTSE (+0.07%) edged higher, while the Nikkei (-0.29%) drifted lower in Asian trading on Friday. Demand for US treasuries remain stable with more than $130 billion flows into the benchmark 10Y bond yielding 1.16% as investors continue to rotate assets and hedge positions.

Crude slid lower below $58.25/bl with gap down on Friday as investors took profit after warning form OPEC and EIA that renewed lockdowns and new virus strains might hamper economic recovery. Gold fell to close below $1825.50 after demand for Dollar, from yield seeking investors, continue to cap the yellow metal upside.

Demand for the greenback edged higher in the long term accounts while remain stable in the short and medium term. The Comdolls, except the Loonie, returned to demand as investors remain optimistic on the stimulus and economy. Euro overtook Sterling in short and medium term as more capital flows into Europe than the UK. Outlook remain bullish as overall demand for Swiss and Yen retreated.


G8 CURRENCIES SENTIMENTS

ST AUD NZD EUR USD CHF CAD JPY GBP ST
MT AUD CHF EUR NZD CAD GBP JPY USD MT
LT GBP NZD CAD USD AUD CHF EUR JPY 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
CTRM 1.73 + 45.38 605,006.6K 102,241.3K
NAKD 1.56 + 2.63 477,125.5K 181,597.4K
TLRY 32.16 – 49.68 216,130.2K 28,331.9K
ZOM 2.66 + 4.31 204,473.7K 127,118.0K
NAK 1.00 + 6.37 150,136.7K 28,308.0K
SOS 6.32 + 59.19 149,205.0K 8,210.0K
DNN 1.06 + 8.60 148,692.3K 3,763.1K
OGI 3.67 – 38.83 137,509.1K 13,875.4K
OCGN 10.99 + 7.22 124,470.8K 57,162.7K
TNXP 2.00 + 22.70 127,962.7K 25,055.2K
** % Change here refer to price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 811.66 21,622.7K – 15.27 17,550.3M
AAPL 135.13 64,280.0K – 38.00 8,686.2M
AMZN 3,262.13 2,301.4K – 41.78 7,507.5M
TLRY 32.16 216,130.1K + 243.18 6,950.7M
NVDA 610.03 11,270.6K + 60.18 6,875.4M
PYPL 285.03 21,371.1K + 110.81 6,091.4M
SNDL 2.38 2,147,000.0K + 150.89 5,109.9M
BABA 268.93 15,295.7K – 20.54 4,113.5M
MSFT 244.49 15,751.0K – 51.35 3,851.0M
MPWR 384.67 10,003.5K + 1,003.12 3,848.0M
** % change here refers to volume

TOP 5 BLOCK ORDERS

SYMBOL PRICE/STRIKE TYPE VOL/OI FUNDS FLOW $
BK 42.13/43.50 stock options/call 244.45 460.0M
SOS 6.32/5.00 stock options/call 174.44 942.976M
SI 27.04 silver futures 200 27.0M
ZN – TN 137.005 – 153.09 US bond futures 9,085 130,727.7M
CL 58.40 – 58.50 crude oil futures 5,925 346.6M

OUR PICK – No New Pick

No new pick going into weekend.  Our pick on Gold was stopped out on loss at $1,820 as we updated the stop on 29/1. CRON short on medium term was stopped out on breakeven but long term buy has hit target. PFE slid lower than $35.50 as the company experience setbacks in vaccine deliveries and our buy stop was not triggered. T was stopped out at $28.40 after reached TP1. EUR/JPY was stopped out at 125.70 after reached medium term TP1. CLVS reached all targets.

Silver day trade reached target, short term buy stop was cancelled and medium term buy reached all target. USD/JPY worked as expected and we are flat. AUY and KR remain active. We are long USD/CHF while waiting for short term sell limit @ 0.8920 to be filled. We may go flat on USD/CHF for the weekend but AUY and KR will remain open. Have a great weekend and Happy New Year to our Chinese friends.

HORIZON STRATEGY SL TP1 TP2
Short-Term
Medium-Term
Long-Term

 

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.