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Stocks Mixed As Investors Digest NFP

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STATE OF THE MARKETS

Stocks mixed as investors digest NFP. US major indexes, Dow (-0.76%) and S&P (-0.34%) closed lower on Tuesday, while Nasdaq (+0.07%) made another record high, in a cautious trading following the three day Labor Day holiday weekend. Mixed sentiments were evident as treasuries were lower, sending yields higher, with the 10Y benchmark approaching the 140 basis points.

In the commodities market, crude slid lower on concerns of further delta spreads that could ruin economic recovery. The black gold settled around $68.45/bl as New York closed. Rising yields sent gold lower, as investors digested employment figures that might not change Fed’s decision to taper sometime in Q4. The precious metal finished below $1,800/oz after advancing for four weeks.

In the FX space, King Dollar regained demand in the short and long term accounts, while ousting the Loonie, as sentiments remained in mixed territory. Aussie and Kiwi, however, retained the bids in medium to long term accounts while Swiss and Yen were on offer. It seems that markets are still digesting last week’s NFP figures.


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G8 CURRENCIES SENTIMENTS

ST USD EUR NZD JPY GBP CHF AUD CAD ST
MT AUD NZD EUR GBP USD JPY CAD CHF MT
LT NZD EUR AUD USD JPY CHF CAD GBP LT
** ST refers to Short-Term daily turnover, MT is Medium Term weekly 
and LT refers to Long-Term monthly turnover.

WALL ST MOST ACTIVE

TICKER LAST PRICE

% CHANGE

VOLUME 90 DAYS AVG
CLOV 10.80 + 22.17 175,897.2K 45,628.5K
BBIG 9.66 + 21.05 154,654.2K 26,560.9K
AMC 47.83 + 8.66 102,133.7K 148,074.2K
AAPL 156.69 + 1.55 82,278.2K 79,680.5K
EDU 2.43 + 2.97 79,814.6K 67,631.0K
SQQQ 7.19 – 0.55 65,494.0K 76,969.5K
ZIOP 2.20 + 33.33 64,572.6K 1,804.6K
F 12.95 + 0.47 64,008.9K 74,895.9K
TAL 5.73 + 11.91 54,055.3K 27,678.4K
SPY 451.46 – 0.36 51,671.5K 64,315.3K
** % Change here refer to price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 752.92 20,039.8K + 22.27 15,088.4M
AAPL 156.69 82,278.2K + 15.77 12,892.2M
AMZN 3,509.29 2,741.1K – 5.20 9,619.3M
MRNA 436.39 15,995.0K – 15.94 6,980.1M
MSFT 300.18 17,184.0K – 16.50 5,158.3M
AMC 47.83 102,133.7K + 8.29 4,885.1M
NVDA 226.62 19,810.7K – 33.95 4,489.5M
BABA 175.16 24,608.4K – 25.68 4,310.4M
FB 382.18 10,798.9K + 5.81 4,127.1M
NFLX 606.71 5,830.9K + 86.55 3,537.7M
** % change here refers to volume

TOP 5 BLOCK ORDERS

SYMBOL PRICE / STRIKE TYPE VOL/OI FUNDS FLOW $
AMC 47.83 / 46.00 stock options/put 97.45 4,885.1M
TWTR 64.98 / 58.00 stock options/put 81.33 464.6M
DKNG 63.58 / 63.00 stock options/call 56.53 1,076.3M
ZN – TN 133.0650 – 147.0050 US bond futures 8,400 116,665.6M
CL 67.79 – 68.38 crude oil futures 3,750 255.4M

OUR PICK – No New Stock Pick.

No new stock picks as we are at maximum equities exposure. Currently we are holding 8 stocks – 7 longs and 1 short – and have approached maximum equities exposure. We are long AUY with dividends yielding 2.80%, T at 7.59% yields and COG yielding 2.48%.

CLVS is currently 12% overvalued with -7.19 z-score but trading central projects a rebound towards 5.62-5.87 where we will most likely close our positions.

We remain bullish with VIPS (33% undervalued with 5.59 z-score), GT (47% undervalued with 1.28 z-score) and CRON (16% undervalued with 9.18 z-score) while bearish GE (26% overvalued with 1.36 z-score).

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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.