Reported 8 months ago
Distributed by Uni-Futures, compiled by Huang Yan-Hong on June 25, 2024, at 4:10 pm. Nvidia's stock plummeted by a significant 6.7% on Monday, causing the TAIEX futures to weaken initially on the 25th. However, with the emergence of low bargain-hunting in mainstream stocks later, the midday TAIEX futures quickly narrowed their fall to less than 100 points with the closing point dropping 11 points to 22,743, showing a large swinging trend. Foreign open interest in futures increased by 1,966 contracts to 23,113, with a sustained negative bias in chip positioning. Overall, futures chips are skewed to the negative side. In examining options fund flows, foreign investors leaned towards long positions by 40 million NT dollars, while proprietary traders favored short positions by 145 million NT dollars. Although foreign investors slightly increased their long positions to 122 million NT dollars, proprietary traders significantly increased their short positions to 223 million NT dollars, slightly flipping the overall chip outlook to negative neutral. The TAIEX futures on the 25th experienced a drop followed by a rise, closing slightly above the 10-day moving average; the 5-day moving average will be on the decline for two days starting the 26th. If subsequent re-testing of the 5-day moving average encounters resistance, there is a possibility of re-testing the monthly moving average. In terms of chips, corporate spot trading remains slightly bearish, with futures chips significantly skewed to the negative side, and option chips shifting from neutral to slightly negative. Despite a significant rebound during trading, no major bullish short-term chip positioning was observed, indicating a continued weak and volatile market trend.
Source: YAHOO