STATE OF THE MARKETS
US election has come to a gridlock on a divided senate. Democrats hope to take control of the senate was crushed when Republican Senator Susan Collins won by a surprise in Maine, leading to a divided congress that could see little or no change to business regulatory environment. The Dow Jones rose 1.34% to end at 27,847.66 points, while the S&P closed 2.20% higher at 3,443.44 points with health care, consumer and technology leading the sectors. Fall in bond prices leading to demand as yield rise to 0.90% for the 10Y notes.
Crude continue to climb for three days to close higher around $39.15 when reports of a lower inventory and jump in the stock markets boost appetite for riskier assets. In the FX space, investors were seen buying Chinese Yuan as the odds for a Democratic President keep rising at the expense of the Greenback that suffer a drop after initially rising on safe haven demand.
Short and medium-term accounts had ditched the GBP on the UK lockdowns and a prospect of additional stimulus from BoE. Long term accounts still see flight to safety as Yen continue to lead with Swiss return to the green.
G8 CURRENCIES SENTIMENTS
| ST | AUD | JPY | CHF | EUR | NZD | CAD | USD | GBP | ST |
| MT | AUD | CAD | NZD | JPY | USD | EUR | CHF | GBP | MT |
| LT | JPY | CAD | NZD | CHF | AUD | GBP | USD | EUR | 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 | 37.71 | +6.23 | 339,385.9K | 132,298.9K |
| AAPL | 114.95 | +4.08 | 138,235.5K | 159,714.1K |
| GE | 7.85 | 0.00 | 126,925.1K | 95,254.2K |
| SPY | 343.54 | +2.23 | 126,959.7K | 70,760.5K |
| SQQQ | 20.48 | -13.51 | 120,059.1K | 54,162.4K |
| UBER | 40.99 | +14.59 | 101,818.2K | 20,135.6K |
| BAC | 23.68 | -4.09 | 88,845.5K | 59,727.3K |
| XLF | 24.56 | -1.17 | 87,397.4K | 56,776.8K |
| SPXS | 5.20 | -6.47 | 87,615.8K | 35,667.8K |
| EEM | 46.91 | +3.14 | 81,110.2K | 41,524.4K |
** % Change here refer to price vs previous day price
WALL ST TOP FLOWS
| TICKER | LAST PRICE |
VOLUME |
% CHANGE | FUNDS FLOW $ |
| AMZN | 3,241.16 | 6,839.0K | +22.69 | 22,166.3M |
| AAPL | 114.95 | 138,235.4K | +4.78 | 15,890.2M |
| TSLA | 420.98 | 32,143.0K | -4.09 | 13,531.6M |
| NIO | 37.71 | 339,385.9K | +125.27 | 12,798.2M |
| FB | 287.38 | 35,364.4K | +59.43 | 10,163.0M |
| MSFT | 216.39 | 42,311.7K | +41.88 | 9,155.8M |
| BABA | 295.71 | 28,791.2K | +92.70 | 8,513.8M |
| GOOG | 1,749.13 | 3,570.9K | +79.18 | 6,245.9M |
| GOOGL | 1,745.85 | 3,567.1K | +67.05 | 6,227.6M |
| NVDA | 551.77 | 10,255.7K | +31.34 | 5,658.8M |
** % change here refers to volume vs. 20 days average volume.
TOP 5 BLOCK ORDERS
| TICKER | PRICE/STRIKE | TYPE | VOL/OI | FUNDS FLOW |
| CXO | 44.18/37.00 | stock options/put | 9.80 | 202.9M |
| TFC | 42.68/37.50 | stock options/call | 8.20 | 222.3M |
| NFLX | 496.95/410.00 | stock options/call | 7.64 | 2,552.9M |
| CL | 38.30 – 39.30 | crude oil futures | 1,379 | 53.5M |
| ZN-ZF | 138.22 – 125.23 | US bond futures | 6,100 | 79,381.0M |
OUR PICK – Flat
Our risk averse accounts remain flat for the US election.
| HORIZON | STRATEGY | SL | TP1 | TP2 |
| Short-Term | Flat | – | – | – |
| Medium-Term | Flat | – | – | – |
| 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.
