By MFM Team STATE OF THE MARKETS
Equities mixed amid improved sentiments. Global equities closed mixed on the first trading day of 2022, with all major global index in the green except UK FTSE100 (-0.25%). Dow (+0.68%), S&P (+0.64%), Nasdaq (+1.20%) and Nikkei (+0.81%) stroked overbought as sentiments improved evident in the rising yields. The 10Y benchmark spiked up to 1.64% while the 30Y hit 2.04% as the Dollar (DXY) climbed back to the 96.20 barrier.
In the commodities market, crude remained supported at $75.80/bl after reports that OPEC+ decided to maintain its production output. Rising yields sent gold lower, but still fixed above the key handle $1,800/oz. Elsewhere, iron ore spiked to $120.40/tn after news hit the wires that China rebar inventory is down 0.7% signaling higher consumption.
In the FX space, bullish sentiments are evident as Sterling, Aussie, Loonie and Dollar seized the helm of demand from Swiss across all horizons. Short term traders seemed to buy into the oversold Yen. On Tuesday, markets look forward to seeing the latest earnings report from Miller Knoll (MLKN) and SMART Global (SGH) as well as the US manufacturing index and jobs opening.
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G8 CURRENCIES SENTIMENTS
| ST | USD | GBP | JPY | NZD | CHF | EUR | CAD | AUD | ST |
| MT | CAD | GBP | USD | CHF | EUR | NZD | AUD | JPY | MT |
| LT | GBP | AUD | CHF | CAD | EUR | USD | NZD | 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 |
| GNPX | 3.50 | + 167.18 | 248,553.2K | 3,170.9K |
| IMMX | 5.78 | + 62.36 | 149,080.5K | 13,576.9K |
| SQQQ | 5.74 | – 3.37 | 132,716.6K | 125,741.1K |
| F | 21.77 | + 4.81 | 110,964.6K | 83,618.6K |
| AAPL | 182.01 | + 2.50 | 104,701.2K | 87,624.4K |
| SPY | 477.71 | + 0.58 | 72,668.2K | 75,927.4K |
| NIO | 33.47 | + 5.65 | 64,409.5K | 42,795.6K |
| CELZ | 3.20 | + 44.80 | 64,281.2K | 1,230.9K |
| AMD | 150.24 | + 4.41 | 59,477.6K | 51,378.8K |
| BAC | 46.18 | + 3.80 | 58,630.0K | 46,024.7K |
** % Change here refer to price
WALL ST TOP FLOWS
| TICKER | LAST PRICE |
VOLUME |
% CHANGE | FUNDS FLOW $ |
| TSLA | 1,199.78 | 34,895.3K | + 49.40 | 41,866.7M |
| AAPL | 182.01 | 104,701.2K | – 2.29 | 19,056.7M |
| NVDA | 301.21 | 39,240.2K | – 21.14 | 11,819.5M |
| AMZN | 3,408.09 | 3,193.4K | + 12.88 | 10,883.4M |
| MSFT | 334.75 | 28,918.0K | + 5.36 | 9,680.3M |
| AMD | 150.24 | 59,477.6K | + 13.41 | 8,935.9M |
| FB | 338.54 | 14,562.8K | – 21.41 | 4,930.1M |
| GOOGL | 2,899.83 | 1,433.9K | + 5.32 | 4,158.1M |
| GOOG | 2,901.49 | 1,261.2K | + 17.85 | 3,659.4M |
| PFE | 56.65 | 57,253.1K | + 17.12 | 3,243.4M |
** % change here refers to volume
TOP 5 BLOCK ORDERS
| SYMBOL | PRICE | TYPE | R/VOL | FUNDS FLOW $ |
| DIS | 156.76 | equities | 6.9M | 1,081.6M |
| PLUG | 28.79 | equities | 6.2M | 178.5M |
| HOOD | 18.44 | equities | 14.5M | 267.4M |
| UB – ZF | 192.0200 – 120.1525 | US bond futures | 8,000 | 117,682.3M |
| CL | 75.75 – 76.35 | crude oil futures | 2,548 | 193.9M |
OUR PICK – No New Picks
No new picks until after NFP. The US payroll is expected to expand this Friday with the non-farm to add 400k more jobs than 210k previously, with higher average hourly earnings (0.3% to 0.4%) and lower unemployment rate (4.2% to 4.1%) which may provide the catalysts for the market’s rally. Any deviation from the figures may send equities and the Dollar lower in our view.
For high probability picks, please use our Trading Central services.
| HORIZON | STRATEGY | SL | TP1 | TP2 |
| Short-Term | – | – | – | – |
| Medium-Term | – | – | – | – |
| Long-Term | – | – | – | – |
Risk Disclaimer:
This article is for general information purpose only. It is not an investment advice or a solicitation to buy or sell any securities/oz. 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.
Abdul H. Jaffar