By MFM Team STATE OF THE MARKETS
Stocks pause amid Dollar sell-off. US stocks took a breather on Wednesday amid broad Dollar sell-off despite demand in US treasuries. Dow (-0.19%), S&P (-0.63%) and Nasdaq (-1.21%) including Russell (-1.97%) closed in the red while bonds’ demand increased, sending yields lower across the board. The 10Y benchmark fell to 2.36% as the Dollar index closed below the 98 figure, forming a triple top.
In the commodities market, crude climbed higher after news of more than expected inventories reduction. The black gold settled around $106.35/bl as New York closed. Inflation concerns continue to push gold higher, closed above $1,932.45/oz while iron ore settled above $150.60/tn
In the FX space, sentiments among short and medium term accounts seemed more bearish as safe-haven Swiss advanced further in the demand territories alongside Kiwi and Euro. Long term sentiments were unchanged.
On Thursday, markets look for progress in the peace talks while waiting for earnings reports from Walgreens (WBA), nCino (NCNO), BlackBerry (BB), Duck Creek (DCT), Blend Labs (BLND) and Sharecare (SHCR) as well as the latest US jobless claims, productivity and costs figures to assess the health of the US economy.
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G8 CURRENCIES SENTIMENTS
| ST | NZD | CHF | JPY | AUD | CAD | EUR | USD | GBP | ST |
| MT | EUR | CHF | CAD | AUD | NZD | USD | GBP | JPY | MT |
| LT | AUD | NZD | CAD | USD | CHF | EUR | GBP | 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 |
| MULN | 3.03 | + 28.94 | 334,256.6K | 71,066.8K |
| DRCT | 4.14 | + 60.47 | 127,915.6K | 4,867.9K |
| NIO | 22.17 | + 1.33 | 114,462.0K | 62,948.5K |
| HYMC | 2.39 | – 7.72 | 113,431.9K | 28,350.7K |
| AMD | 119.22 | – 3.25 | 99,399.5K | 86,395.2K |
| TLRY | 8.14 | – 2.16 | 95,623.2K | 27,066.7K |
| AMC | 25.68 | – 12.77 | 94,964.3K | 52,033.8K |
| AAPL | 177.77 | – 0.67 | 92,539.3K | 100,525.0K |
| ADGI | 5.02 | + 30.39 | 92,182.2K | 6,827.9K |
| SQQQ | 32.32 | + 3.03 | 87,279.4K | 66,731.3K |
** % Change here refer to price
WALL ST TOP FLOWS
| TICKER | LAST PRICE |
VOLUME |
% CHANGE | FUNDS FLOW $ |
| TSLA | 1,093.99 | 19,913.7K | – 21.95 | 21,785.4M |
| AAPL | 177.77 | 92,539.3K | – 3.33 | 16,450.7M |
| NVDA | 276.90 | 46,280.9K | – 10.30 | 12,815.2M |
| AMD | 119.22 | 99,399.5K | – 3.89 | 11,850.4M |
| AMZN | 3,326.02 | 2,802.7K | – 24.06 | 9,321.8M |
| MSFT | 313.86 | 28,152.4K | – 11.72 | 8,835.9M |
| FB | 227.85 | 25,567.0K | – 21.64 | 5,825.4M |
| MU | 79.16 | 69,996.5K | + 148.81 | 5,540.9M |
| BABA | 116.58 | 28,358.8K | – 47.59 | 3,306.1M |
| LULU | 376.92 | 8,073.5K | + 368.66 | 3,043.1M |
** % change here refers to volume
TOP 5 BLOCK ORDERS
| SYMBOL | PRICE | TYPE | R/VOL | FUNDS FLOW $ |
| AAPL | 177.77 | equities/options | 101.93 | 2,936.6M |
| ET | 11.53 | equities/options | 64.55 | 134.0M |
| AMD | 119.22 | equities/options | 61.10 | 628.6M |
| ZS | 1,664.00 | soybean futures | 58,228 | 96.9M |
| ZC | 738.00 | corn futures | 86,466 | 63.8M |
OUR PICK – No New Pick
We decided to stay on the sideline for now. With VIX hitting support at 20 points, we see risk of rising volatility especially in the midst of continuous flow in the safe-haven Yen.
For high probability picks, please use our Trading Central services. You could also join us at MFM’s TradeCopy.
| 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.
RT NewsWires