STATE OF THE MARKETS
Stocks in green amid stronger NFP. US stocks continue their upward trajectory, with Dow (+0.29%), Nasdaq (+0.07%) and S&P (+0.09%) including Russell (+0.23%) closed in green on Monday after stronger than expected NFP last Friday. Dollar spiked past 94.50 minor handle, but retreated and trending lower, below the 94 handle at writing as yields eased with the 10Y at 1.47%
In the commodities market, crude pared earlier losses as OPEC+ reported a stable global demand outlook in its recent meeting. The black gold settled around $81.80/bl as New York closed. Gold surged past $1,820/oz as inflation concerns remain with rising labor costs. Elsewhere, iron ore was little changed around $96.20/tn since last Friday, even though the $1.5 trillion US infrastructure bill was passed on the weekend.
In the FX space, King Dollar lost bids across the board in the last demand territories seen in medium term accounts as Yen seized the reigns alongside Swiss and Euro. Short term traders seemed aggressive as Kiwi and Sterling were flipped to demand overnight. Long term sentiments improved as demand for Swiss and Dollar eased further. Markets look at earnings reports from ADT Corp (ADT), Sysco Corp (SYY), Westrock (WRK) and Wynn Resorts (WYNN) on Tuesday, on top of Producer Price Index to gauge inflation.
Become a provider, earn commission and invest with MFM’s PAMM and CopyTrades features!
G8 CURRENCIES SENTIMENTS
| ST | NZD | GBP | EUR | JPY | AUD | CHF | CAD | USD | ST |
| MT | JPY | CHF | EUR | USD | NZD | CAD | GBP | AUD | MT |
| LT | NZD | AUD | CAD | CHF | GBP | EUR | USD | JPY | 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 |
| PPSI | 10.40 | + 220.00 | 306,817.7K | 195.6K |
| LCID | 45.92 | + 9.86 | 153,961.8K | 33,862.4K |
| F | 20.15 | + 4.46 | 153,210.5K | 67,856.8K |
| AMD | 150.16 | + 10.14 | 141,316.3K | 58,348.4K |
| EDU | 2.11 | + 3.43 | 120,121.8K | 68,953.6K |
| SQQQ | 6.19 | + 0.32 | 100,063.6K | 93,255.2K |
| FCEL | 10.81 | + 20.78 | 88,884.6K | 28,120.7K |
| AMC | 45.06 | + 8.06 | 70,158.9K | 72,787.3K |
| PFE | 48.33 | – 0.58 | 57,391.5K | 32,322.9K |
| TAL | 4.09 | + 5.14 | 56,184.6K | 26,918.5K |
** % Change here refer to price
WALL ST TOP FLOWS
| TICKER | LAST PRICE |
VOLUME |
% CHANGE | FUNDS FLOW $ |
| TSLA | 1,162.94 | 33,351.2K | + 8.99 | 38,785.4M |
| AMD | 150.16 | 141,316.3K | + 149.80 | 21,220.1M |
| NVDA | 308.04 | 50,188.6K | + 53.41 | 15,460.2M |
| AMZN | 3,488.98 | 3,069.8K | – 8.54 | 10,710.5M |
| AAPL | 150.44 | 54,855.5K | – 21.75 | 8,252.5M |
| LCID | 45.92 | 153,961.8K | + 107.00 | 7,069.9M |
| MSFT | 336.99 | 20,882.9K | – 14.27 | 7,037.3M |
| FB | 338.62 | 18,315.1K | – 34.37 | 6,201.9M |
| PYPL | 229.42 | 22,712.9K | + 47.62 | 5,210.8M |
| MRNA | 244.68 | 14,590.9K | + 19.28 | 3,570.1M |
** % change here refers to volume
TOP 5 BLOCK ORDERS
| SYMBOL | PRICE | TYPE | R/VOL | FUNDS FLOW $ |
| PPSI | 10.40 | equities | 187.89 | 3,179.7M |
| VINO | 4.52 | equities | 176.69 | 163.3M |
| GC | 1,828.00 | gold futures | 44 | 8.0M |
| ZF/N | 122.0400 – 131.2050 | bond futures | 11,500 | 144,012.0M |
| CL | 64.55 – 82.10 | crude oil futures | 4,254 | 344.7M |
OUR PICK – Crude Oil
$300m worth of block orders as Saudi’s Aramco increased price. Saudi Arabia’s energy giant Saudi Aramco decided to increase the selling price of its crude oil by $1.40/bl and subsequently a $300m worth of block orders in crude futures took place in CME around 11am central Monday. We see further rally in crude despite Biden’s plan to tap on US strategic oil reserves.
| HORIZON | STRATEGY | SL | TP1 | TP2 |
| Short-Term | Buy | 80.40 | 82.70 | 83.40 |
| Medium-Term | Buy | 80.40 | 83.40 | 84.50 |
| Long-Term | Buy @ 79.70 | 79.40 | 84.50 | 85.80 |
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.
