STATE OF THE MARKETS
Though the days are getting colder, US nights are getting hotter for the US election. Major US indexes rebounded to pare the losses on Friday but still below 5 days losses, as short sellers cashed-out on profit taking. Consequently, the rise in treasury yields, prompted mega buyers to step in with more than $77b in funds for the ultra and 10 year notes.
Crude recovered sharply to $37 on the news that Russia is ready to talk to OPEC+ to delay its production hike while gold received the benefits of the uncertainty in the US election this week, as price hit close to $1,900/oz. This was also reflected in the FX space as CAD, AUD and NZD lead the pack and short-term accounts seek risks.
Long and medium term accounts continue to ditch the Kiwi, while grabbing back the CAD and keeping Sterling on board. Though overall markets sentiments is in extreme fear, some savvy investors look ready to capitalize on whatever happen in the US election when Swiss was left running on the back foot.
G8 CURRENCIES SENTIMENTS
| ST | CAD | AUD | NZD | USD | EUR | GBP | JPY | CHF | ST |
| MT | JPY | USD | CAD | GBP | NZD | AUD | CHF | EUR | MT |
| LT | JPY | CAD | USD | GBP | NZD | CHF | EUR | AUD | 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 |
| NIO | 33.32 | +8.96 | 265,719.9K | 127,820.4K |
| AAPL | 108.77 | -0.08 | 122,866.9K | 160,961.8K |
| GE | 7.52 | +1.35 | 108,878.3K | 94,772.0K |
| SQQQ | 24.95 | -0.32 | 85,594.6K | 52,651.0K |
| SPY | 330.20 | +1.12 | 86,068.3K | 71,183.4K |
| DBVT | 1.76 | +23.08 | 74,648.2K | 490.1K |
| XLF | 24.31 | +1.89 | 65,136.0K | 57,767.9K |
| F | 7.71 | -0.26 | 59,962.9K | 64,170.9K |
| BAC | 24.08 | +1.60 | 59,756.4K | 60,375.2K |
| ISIG | 1.02 | +22.88 | 55,641.6K | 1,649.0K |
** % Change here refer to price vs previous day price
WALL ST TOP FLOWS
| TICKER | LAST PRICE |
VOLUME |
% CHANGE | FUNDS FLOW $ |
| AMZN | 3,004.48 | 7,257.3K | +32.98 | 21,804.4M |
| AAPL | 108.77 | 122,866.9K | -7.31 | 13,364.2M |
| TSLA | 400.51 | 29,021.1K | -16.61 | 11,623.2M |
| NIO | 33.32 | 265,719.8K | +105.29 | 8,853.8M |
| FB | 261.36 | 27,165.6K | +25.73 | 7,100.0M |
| MSFT | 202.33 | 30,842.1K | +6.19 | 6,240.3M |
| GOOG | 1,626.03 | 2,535.4K | +34.80 | 4,122.6M |
| NVDA | 503.23 | 7,491.3K | -11.42 | 3,769.8M |
| BABA | 310.84 | 11,857.6K | -2.97 | 3,685.8M |
| ZM | 453.00 | 8,051.8K | -10.56 | 3,647.4M |
** % change here refers to volume vs. 20 days average volume.
TOP 5 BLOCK ORDERS
| TICKER | PRICE/STRIKE | TYPE | VOL/OI | FUNDS FLOW |
| PINS | 58.38/59.00 | stock options/call | 163.50 | 2,126.3M |
| TEAM | 184.29/165.00 | stock options/put | 86.87 | 570.6M |
| ING | 7.16/7.00 | stock options/call | 55.04 | 39.2M |
| SI | 24.06 | silver futures | 172 | 20,7M |
| UB-ZN | 215.11 – 138.08 | US bond futures | 4,530 | 77,957.0M |
OUR PICK – SILVER
Our “sell limit” on Gold was filled today, and for those who have limited capital; silver can be your alternative as they move in positive correlation. A Blue sweep in the US election would trigger further equities consolidation, rising demand for treasuries and hence the Greenback. Coupled with deflationary concerns this means lower gold. The block order of $20m worth in the silver futures and $77b funds flowing into US treasuries should also help elevate the Greenback. We favor shorting the precious metal. (Read our gold pick here)
| HORIZON | STRATEGY | SL | TP1 | TP2 |
| Short-Term | SELL | 25.10 | 22.50 | 21.65 |
| Medium-Term | SELL | 25.10 | 21.65 | 20.55 |
| 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.
