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Stocks Mixed Amid Rising Yields

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STATE OF THE MARKETS

Stocks mixed amid rising yields. US stocks closed mixed on Monday as markets continue to digest Fed’s tapering, new infrastructure bill and debt ceiling. Dow (+0.21%) and Russell (+1.46%) climbed higher, while Nasdaq (-0.52%) and S&P (-0.28%) edged lower as bond markets braced higher yields. The 10Y benchmark topped 1.51% as the Dollar index climbed to the 93.50 handle.

In the commodities market, crude advanced further, breaking the $76/bl barrier after OPEC+ reported growing deficit in global supplies. Gold was trapped in a choppy trading between the $1740/50 as yields continue to attract investors to the Dollar.

In the FX space, long term investors were positioned to long Dollar with the Comdolls, while offering Sterling, Euro, Yen and Swiss. Short and medium term traders were seen synching Dollar, Euro and Yen as the month and quarter come to an end this week. Markets look forward to seeing better consumer confidence and Fed’s Powell testimony on Tuesday.


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G8 CURRENCIES SENTIMENTS

ST AUD GBP CAD NZD USD CHF EUR JPY ST
MT CAD GBP AUD CHF USD NZD EUR JPY MT
LT USD NZD CAD AUD GBP EUR JPY CHF 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
CEI 2.72 + 33.33 353,965.1K 55,638.8K
RCAT 3.60 + 50.00 237,279.6K 2,511.9K
BBIG 6.98 + 10.44 82,231.4K 39,522.6K
SQQQ 7.83 + 2.49 81,434.5K 79,382.4K
AAPL 145.37 – 1.05 74,118.1K 78,295.2K
F 14.16 + 2.76 68,769.6K 74,303.6K
BBD 3.88 + 2.11 61,769.7K 26,165.7K
SPY 442.64 – 0.29 61,371.1K 64,644.5K
XLF 38.74 + 1.36 58,794.5K 50,089.9K
VALE 14.54 + 0.35 55,514.9K 28,360.4K
** % Change here refer to price


WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 791.36 28,048.3K + 53.53 22,196.3M
AMZN 3,405.80 3,633.6K + 20.62 12,375.3M
AAPL 145.37 74,118.1K – 12.94 10,774.5M
MSFT 294.17 23,565.5K + 6.23 6,932.3M
AMD 108.16 51,918.4K + 31.73 5,615.5M
MRNA 408.84 13,339.2K – 2.73 5,453.6M
FB 353.58 15,202.8K – 2.33 5,375.4M
NVDA 216.60 24,510.3K + 3.43 5,308.9M
BABA 150.18 24,287.4K + 2.32 3,647.5M
GOOGL 2,821.44 1,093.6K – 16.38 3,085.5M
** % change here refers to volume


TOP 5 BLOCK ORDERS

SYMBOL PRICE / STRIKE TYPE VOL/OI FUNDS FLOW $
CRM 279.68 / 290.00 stock options/call 98.04 1,661.6M
GGPI 10.45 / 12.50 stock options/call 77.40 453.7M
TSLA 791.36 / 785.00 stock options/put 61.74 22,196.3M
LAUR 17.74 / 20.00 stock options/call 51.45 85.2M
CL 74.85 – 75.50 crude oil futures 3,547 267.0M


OUR PICK – No New FX/commodities Pick

No new FX/commodities picks as we have achieved profit objectives. We have achieved our profit objectives for the month and will be resting. For high probability picks, please use MFM’s Trading Central services.

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.