By MFM Team STATE OF THE MARKETS
Equities boosted as infrastructure bills see new light. Global equities received a boost after White House announced that the infrastructure spending package has received some bipartisan support. S&P ( +0.58%) and Nasdaq (+0.69%) climbed to an all time high, while Dow (+0.95%), FTSE UK (+0.51%) and Nikkei (+0.83%) climbed higher on the news. The improved risk sentiments sent the 10Y yield back to 1.50% as Dollar (DXY) was on firm support around the 91.85 mark.
Crude holds steady above the $73.30/bl as reports show that demand accelerated from increased economic activity in Europe and North America, after vaccinations rate improved. Gold continued its tug of war around the $1,780/oz mark after repositioning was noted among long term accounts to reflect Fed’s recent news.
In the FX space, King Dollar lost its appeal among short and medium term accounts as Kiwi, Aussie, Loonie and Yen took the top three demand spots. Sterling and Yen were also sent to offers in the short and medium term accounts. Long term accounts remain relatively unchanged since Wednesday.
Become a provider, earn commission and invest with MFM’s PAMM and CopyTrades features!
G8 CURRENCIES SENTIMENTS
| ST | NZD | AUD | JPY | CHF | EUR | USD | CAD | GBP | ST |
| MT | NZD | AUD | CAD | EUR | USD | GBP | CHF | JPY | MT |
| LT | USD | GBP | CAD | JPY | AUD | CHF | EUR | NZD | 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 |
| MRIN | 3.51 | + 105.26 | 196,092.7K | 938.4K |
| WISH | 14.39 | + 5.73 | 173,796.5K | 30,940.7K |
| TRCH | 4.75 | – 3.46 | 123,082.4K | 29,279.3K |
| SNDL | 1.00 | 0.00 | 110,020.3K | 258,168.8K |
| CLOV | 13.79 | – 0.29 | 101,645.2K | 42,584.4K |
| AMC | 56.70 | – 2.74 | 80,155.4K | 151,683.5K |
| F | 15.26 | – 1.04 | 79,818.0K | 78,112.3K |
| DBGI | 5.36 | + 31.05 | 73,779.8K | 3,297.8K |
| SQQQ | 9.52 | – 1.86 | 70,305.7K | 89,831.5K |
| AAPL | 133.41 | – 0.22 | 68,615.1K | 95,323.1K |
** % Change here refer to price
WALL ST TOP FLOWS
| TICKER | LAST PRICE |
VOLUME |
% CHANGE | FUNDS FLOW $ |
| TSLA | 679.82 | 45,860.9K | + 91.70 | 31,177.2M |
| AMZN | 3,449.08 | 3,827.5K | + 25.06 | 13,201.4M |
| AAPL | 133.41 | 68,615.1K | – 9.22 | 9,153.9M |
| NVDA | 768.22 | 8,012.2K | – 36.10 | 6,155.1M |
| MSFT | 266.69 | 21,435.3K | – 7.70 | 5,716.6M |
| AMC | 56.70 | 80,155.4K | – 75.66 | 4,544.8M |
| FB | 343.18 | 12,318.4K | – 17.06 | 4,227.4M |
| AMD | 86.10 | 42,196.6K | + 18.21 | 3,633.1M |
| BA | 250.57 | 13,731.3K | + 16.25 | 3,440.7M |
| BABA | 218.38 | 13,478.9K | + 9.69 | 2,943.5M |
** % change here refers to volume
TOP 5 BLOCK ORDERS
| SYMBOL | PRICE / STRIKE | TYPE | VOL/OI | FUNDS FLOW $ |
| VIPS | 19.85 / 22.00 | stock options/call | 158.04 | 396.4M |
| GME | 212.31 / 12.50 | stock options/put | 90.03 | 819.3M |
| TSLA | 679.82 / 675.00 | stock options/put | 72.14 | 31,229.5M |
| ZF | 123.0900 | US bond futures | 9,000 | 110,781.0M |
| CL | 59.37 – 72.60 | crude oil futures | 600 | 42.2M |
OUR PICK – No New Pick
Money back into equities. After several months of reported net capital outflows from equities, Wednesday marked the first time more than $12 billion US funds flowed into equities. A little over $10 billion flowed into domestic equities while close to $2 billion flowed into foreign markets. This is a good sign for US stocks, but whether this is a one time or a continuing trend is something we are yet to see. With Feds conflicting itself, inflation and employment numbers will be keys in interest rate decisions moving forward. Have a wonderful weekend!
Trades updates: We will continue to accumulate AUY as the stock now pays dividends yielding 2.41% at current price, we remain bullish T and will accumulate as dividends yields now at 7.22%, we remain bearish AUD/NZD, we have closed USD/JPY longs, we remain bullish CLVS, we may close AUD/USD short-term long going into weekend, we remain short GPRO and EUR/JPY.
Join us at MFM’s TradeCopy
| 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.
Abdul H. Jaffar