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Markets At A Juncture

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STATE OF THE MARKETS

Markets at a juncture. US stocks closed sharply lower on Tuesday, with Dow (-1.63%) and Nasdaq (-2.83%) to S&P (-2.04%) and Russell (-2.25%) lost bids after US economic reports pointed to slower recovery. US bond yields of various maturities spiked up as Fed’s chair Powell and Treasury secretary Yellen testimonies sent jitters to the markets. Dollar index (DXY) was fast approaching 93.80 mark and climbing to the 94 handle at writing as demand for cash was elevated.

In the commodities market, Dollar demand and strength on yields spike sent both crude and gold lower as markets repositioned towards the final quarter. Crude settled below $75.30/bl while gold below $1,733.70/oz as New York closed. Elsewhere, iron ore was at a juncture, waiting for the catalyst in the next move.

In the FX space, King Dollar was seen advancing in demand with the Euro in the short and medium term accounts while ousting Aussie, Kiwi and Sterling. Long term accounts were little changed other than the sell-off in Sterling. Markets will continue to watch Fed’s and Treasury testimonies to congress on Wednesday.


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G8 CURRENCIES SENTIMENTS

ST USD EUR CHF CAD JPY AUD NZD GBP ST
MT CAD AUD USD EUR CHF GBP NZD JPY MT
LT USD CAD AUD NZD EUR JPY CHF 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
CEI 3.22 + 18.38 761,080.4K 59,555.9K
SQQQ 8.49 + 8.43 160,339.0K 79,050.9K
SPY 433.72 – 2.02 130,436.3K 64,143.4K
AAPL 141.91 – 2.38 108,972.3K 78,090.1K
F 14.31 + 1.06 107,090.9K 74,287.5K
QQQ 359.87 – 2.83 97,701.6K 35,632.0K
XLF 38.10 – 1.65 96,152.7K 50,036.8K
UVXY 23.93 + 15.38 88,316.8K 27,408.9K
DBGI 3.52 + 19.32 83,673.3K 3,279.8K
VXX 27.41 + 10.44 76,194.0K 27,886.0K
** % Change here refer to price


WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 777.56 25,381.4K + 36.40 19,735.6M
AAPL 141.91 108,972.3K + 26.66 15,464.3M
AMZN 3,315.96 4,430.8K + 44.12 14,692.4M
MSFT 283.52 43,186.2K + 83.57 12,244.2M
AMD 101.52 74,468.9K + 84.64 7,560.1M
FB 340.65 21,710.2K + 35.91 7,395.6M
NVDA 206.99 34,306.8K + 42.35 7,101.2M
GOOGL 2,716.60 2,288.6K + 68.14 6,217.2M
MRNA 384.21 15,935.9K + 16.03 6,122.7M
GOOG 2,723.68 2,109.4K + 79.39 5,745.3M
** % change here refers to volume


TOP 5 BLOCK ORDERS

SYMBOL PRICE / STRIKE TYPE VOL/OI FUNDS FLOW $
HYZN 6.63 / 10.00 stock options/call 53.45 112.8M
AMZN 3,315.96 / 3,320.00 stock options/call 52.57 14,692.4M
GC 1,732.00 – 1,738.70 gold futures 140 24.3M
ZF – TN 122.1800 – 145.0700 US bond futures 18,040 239,511.6M
CL 67.50 – 75.46 crude oil futures 1,900 132.3M


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. We are long AUY (21% undervalued) with dividends yielding 2.96%, T (15% undervalued) at 7.64% yields and COG (14% undervalued) yielding 2.02%. CLVS is currently 21% 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 (46% undervalued with 5.59 z-score), GT (47% undervalued with 1.28 z-score) and CRON (15% undervalued with 9.18 z-score) while bearish GE (26% overvalued with 1.36 z-score).

For high probability picks, please use our 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.