Category: Your Money

Opening Bell 02.12.2020

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) +0.69%
CAC(FRA) +1.14%
UKX(GBR) +1.89%
NKY(JPN) -0.12%
SPX(USA) +1.13%
MINTs
JCI(IDN) +0.82%
INMEX(MEX) +3.18%
NGSEINDX(NGA) +0.30%
XU030(TUR) +3.38%
BRICS
IBOV(BRA) +2.30%
SHCOMP(CHN) +0.09%
NIFTY(IND) +1.08%
INDEXCF(RUS) -0.01%
TOP40(ZAF) +0.74%

Commodities

Energy
Natural Gas +0.30%
Ethanol +0.00%
RBOB Gasoline +0.41%
Brent Crude Oil -0.13%
Heating Oil +0.30%
WTI Crude Oil -0.03%
Metals
Copper +0.74%
Gold 100oz +0.00%
Palladium +1.16%
Silver 5000oz +0.84%
Platinum +1.19%

Currencies

USDEUR:-0.07% USDJPY:+0.06%

MINTs
USDIDR(IDN) +0.00%
USDMXN(MEX) +0.05%
USDNGN(NGA) +0.13%
USDTRY(TUR) -0.10%
BRICS
USDBRL(BRA) -2.61%
USDCNY(CHN) -0.28%
USDINR(IND) -0.51%
USDRUB(RUS) +0.22%
USDZAR(ZAF) +0.14%
Agricultural
Cotton +1.14%
Lumber +0.00%
Wheat +0.20%
Cattle +0.00%
Lean Hogs +0.00%
Orange Juice +0.00%
Soybean Meal +0.21%
White Sugar +0.00%
Feeder Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) +0.00%
Coffee (Robusta) +0.00%
Corn +0.99%
Soybeans +0.43%
Sugar #11 +0.00%

Out of 43 world ETFs listed in NYSE that we track, 23 are trading above their 10-day SMA and 43 are trading above their 50-day SMA.

Must Reads

Tata nears deal to buy BigBasket for $1.3 bn
The Tata group is in advanced talks to buy around 80% in BigBasket for around $1.3 billion, valuing India’s largest online grocer at around $1.6 billion, three people with direct knowledge of the development said.

To avoid tech’s anti-trust troubles, India tries a hard 30% cap
From Washington to Beijing, governments are trying to strike the right balance between enabling technology innovation and preventing giants like Google and Facebook Inc. from suffocating rivals.

India can’t make up its mind on PSUs, 30 years after liberalisation
30 years after liberalization, India’s muddled thinking on PSUs continues. This year, things may only get worse. The tension is only likely to increase further in 2020-21 because of the pandemic.

Traders Flee From Treasuries in One of Biggest 2020 Yield Spikes
Investors dumped Treasuries amid a glimmer of hope that the U.S. Congress will reach an economic-stimulus compromise, driving one of the year’s biggest increases in long-term yields.

Rich As I Say, Not As I Do
There’s a bit of an issue I have noticed among personal finance experts. Many of them have gotten wealthy by selling advice to others rather than by using their own advice.

The Match Tycoon Ivar Kreuger: Genius or Crook?
It was Saturday the 12th of March 1932, a sunny but chilly early spring day.

Brexit is a necessary crisis – it reveals Britain’s true place in the world
Who backs Brexit? Agriculture is against it; industry is against it; services are against it. None of them, needless to say, support a no-deal Brexit.

A Quant Pioneer Fights to Save Trend Following in Dismal Decade
Martin Lueck has already watched one systematic trading program reach the end of its shelf life when he was building a pioneering quant hedge fund in the 1980s.

Debenhams set to close putting 12,000 jobs at risk
Debenhams stores are set to close after the failure of last-ditch efforts to rescue the ailing store chain. It means all 12,000 employees are likely to lose their jobs when the chain’s 124 shops cease trading.

Myth of safeguards for corporate banks
9 min read .

Why inflation stands in the way of India’s growth recovery
4 min read . Updated: 30 Nov 2020, 12:47 PM IST Even as growth risks recede, risks to inflation remain.

Investors take a shine to India’s banks, but peer comparison doesn’t flatter
When compared with other emerging market peers, Indian banks may not shine when it comes to key metrics such as capital and asset quality. Moody’s Investor Services Ltd expects Indian banks to report large erosions in capital in calendar 2021.

Why active will continue to underperform
Twice a year, every year, the SPIVA (S&P Indices Versus Active Funds) scorecards across the world show the same long-term results: most active equity managers under-perform, most of the time. For example, the most recent mid-year scorecard for the UK, showed that 69.

How property-hungry Chinese millennials and shadow banking could fuel a financial crisis
China’s household debt has surged again after the Covid-10 pandemic was brought under control in May, driven by bets on property prices rising. By the end of 2020, household debt could reach 150 per cent of disposable income. Moreover, the debt seems to be concentrated among millennials.

The Best Case Scenario For Bitcoin
When I first learned about bitcoin in 2015-ish it made my head hurt. It didn’t make sense and there was no one in the space with the ability to explain it in a way that made sense.

Check out our Global Macro Dashboard for currency, commodity, bonds and credit charts.

Good luck!

Options Daily 02.12.2020

NIFTY Summary:

  1. Dec 13600 calls added 2,51,850 contracts.
  2. Dec 12900 calls shed 14,400.
  3. Dec 13000 puts added 2,77,200.
  4. Dec 11000 puts shed 2,925.

Our trend model indicates a SHORT on the NIFTY and SHORT on the BANKNIFTY.

Avg. True Range

NIFTY.50 NIFTY.BANK
3 177.41 572.48
5 178.16 645.99
10 175.81 698.36
20 175.63 721.62

NIFTY 50 NIFTY BANK
TrueRange 165.60 408.75
TrueHigh 13128.40 29919.75
TrueLow 12962.80 29511.00
Avg. True Range

NIFTY.50 NIFTY.BANK
3 177.41 572.48
5 178.16 645.99
10 175.81 698.36
20 175.63 721.62

NIFTY 50 NIFTY BANK
TrueRange 165.60 408.75
TrueHigh 13128.40 29919.75
TrueLow 12962.80 29511.00

Nifty 50 Returns Density Plot

NIFTY 50 kernel density plot

DEC NIFTY OI

DEC NIFTY OI chart

DEC BANKNIFTY OI

DEC BANKNIFTY OI chart

NIFTY Weighted Avg. Open Interest

NIFTY Weighted Avg. Open Interest chart

DEC NIFTY Volatility

DEC NIFTY Volatility chart

DEC BANKNIFTY Volatility

DEC BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

VIX Density Plot

VIX kernel density plot

Marketwide OI

market wide position limit chart

Opening Bell 01.12.2020

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) -0.33%
CAC(FRA) -1.42%
UKX(GBR) -1.59%
NKY(JPN) +1.48%
SPX(USA) -0.46%
MINTs
JCI(IDN) +1.64%
INMEX(MEX) +0.11%
NGSEINDX(NGA) +0.45%
XU030(TUR) -3.74%
BRICS
IBOV(BRA) -1.52%
SHCOMP(CHN) +1.04%
NIFTY(IND) -0.14%
INDEXCF(RUS) -0.01%
TOP40(ZAF) -1.22%

Commodities

Energy
Ethanol +0.00%
WTI Crude Oil -0.03%
Natural Gas +0.30%
Brent Crude Oil -0.13%
Heating Oil +0.30%
RBOB Gasoline +0.41%
Metals
Silver 5000oz +0.84%
Copper +0.74%
Palladium +1.16%
Platinum +1.19%
Gold 100oz +0.00%

Currencies

USDEUR:-0.27% USDJPY:+0.11%

MINTs
USDIDR(IDN) +0.11%
USDMXN(MEX) -0.29%
USDNGN(NGA) +0.30%
USDTRY(TUR) +0.09%
BRICS
USDBRL(BRA) +0.40%
USDCNY(CHN) +0.02%
USDINR(IND) +0.22%
USDRUB(RUS) -0.10%
USDZAR(ZAF) -0.31%
Agricultural
Lumber +0.00%
Soybean Meal +0.21%
Soybeans +0.43%
Coffee (Arabica) +0.00%
Coffee (Robusta) +0.00%
Corn +0.99%
Orange Juice +0.00%
Cattle +0.00%
Feeder Cattle +0.00%
Wheat +0.20%
White Sugar +0.00%
Cocoa +0.00%
Cotton +1.14%
Lean Hogs +0.00%
Sugar #11 +0.00%

Out of 43 world ETFs listed in NYSE that we track, 21 are trading above their 10-day SMA and 43 are trading above their 50-day SMA.

Must Reads

The millions whom nobody seems to care much about
As the covid pandemic continues, the Narendra Modi government has spent trillions of rupees to aid the poor. And, of course, it should have done that.

Banks: Governance, not ownership, is key
One sentence from a recent internal committee report of Reserve Bank of India — “large corporate/industrial houses may be allowed as promoters of banks” — has generated an intense debate.

Norway’s electric car subsidies: A lot of money for not a lot of gain
Like many countries in the West, Norway, an oil exporter, wanted to clean up its act. The centrepiece of that effort was the mass rollout of electric vehicles and the results have been spectacular – some 60 per cent of new car sales are EVs.

McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses
Court filings reveal consultants’ talk of a records purge during the opioid crisis, and shed new light on sales advice given to the billionaire Sackler family and their drug company, Purdue Pharma.

Why Is Scientific Illiteracy So Acceptable?
In the mid-1980s, when I taught a Physics for Poets class at Yale University, I was dumbstruck when I gave the students a quiz problem to estimate the total amount of water flushed in all the toilets in the US in one 24-hour period and I started to grade the quiz.

China turns cautious on lending to Africa amid default crisis fears
In the past two decades, China has poured billions of dollars into the construction of ports, railways, highways and hydropower dams in Africa.

Black Friday traffic in stores craters 52% during pandemic as e-commerce sales explode
Traffic at stores on Black Friday fell by 52.1% compared with last year, as Americans by and large eschewed heading to malls and queuing up in lines for shopping online, according to preliminary data from Sensormatic Solutions.

China to tap elderly population in bid to tackle looming demographic crisis, boost economy
China wants to see more seniors contributing to its US$13 trillion dollar economy, as the world’s most populous country braces for the effects of a rapidly ageing population and shrinking workforce after more than three decades of the one-child policy.

A semiconductor startup ecosystem finally seems to emerge
4 min read .

Banking must expand rapidly to support India’s economic goals
There are four broad themes that run in the Reserve Bank of India’s working group report reviewing the ownership and structure of private banks in the country. The first is the creation of a holding structure for overall governance.

Could Roger Federer be as successful playing badminton?
In late January, Roger Federer won his sixth Australian Open title. His tally of Grand Slam championships now numbers 20—an incredible feat. As tennis’s biggest star, he is well compensated for his efforts: Forbes magazine estimates that he took home $64 million last year.

Check out our Global Macro Dashboard for currency, commodity, bonds and credit charts.

Good luck!

Options Daily 01.12.2020

NIFTY Summary:

  1. Dec 13000 calls added 1,21,050 contracts.
  2. Dec 12700 calls shed 18,375.
  3. Dec 12400 puts added 1,37,025.
  4. Dec 13300 puts shed 75.

Our trend model indicates a SHORT on the NIFTY and SHORT on the BANKNIFTY.

Avg. True Range

NIFTY.50 NIFTY.BANK
3 183.31 654.35
5 181.25 705.12
10 176.05 726.09
20 174.24 726.48

NIFTY 50 NIFTY BANK
TrueRange 121.00 348.15
TrueHigh 13035.30 29716.85
TrueLow 12914.30 29368.70
Avg. True Range

NIFTY.50 NIFTY.BANK
3 183.31 654.35
5 181.25 705.12
10 176.05 726.09
20 174.24 726.48

NIFTY 50 NIFTY BANK
TrueRange 121.00 348.15
TrueHigh 13035.30 29716.85
TrueLow 12914.30 29368.70
Avg. True Range

NIFTY.50 NIFTY.BANK
3 183.31 654.35
5 181.25 705.12
10 176.05 726.09
20 174.24 726.48

NIFTY 50 NIFTY BANK
TrueRange 121.00 348.15
TrueHigh 13035.30 29716.85
TrueLow 12914.30 29368.70

Nifty 50 Returns Density Plot

NIFTY 50 kernel density plot

DEC NIFTY OI

DEC NIFTY OI chart

DEC BANKNIFTY OI

DEC BANKNIFTY OI chart

NIFTY Weighted Avg. Open Interest

NIFTY Weighted Avg. Open Interest chart

DEC NIFTY Volatility

DEC NIFTY Volatility chart

DEC BANKNIFTY Volatility

DEC BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

VIX Density Plot

VIX kernel density plot

Marketwide OI

market wide position limit chart