Smart Investing Today – Your Stock Market Market Digest
How Activision Plans to Grow Its eSports Segment
According to Newzoo, advertisers spent $325 million on eSports in 2016, a rise of 49% year-over-year.
Fake News And The Truth About This Bull Market
There’s fake news permeating the current market narrative: this bull market is over eight years old. For whatever reason, people are willing to regurgitate this inaccuracy over and over again until many market participants believe it’s true. Yes, …
Tesla Inc (TSLA) Stock Is About to Pop Again
The more time that passes without another downturn, the more it looks like the June 9 smack in the Nasdaq Composite was a mere one-hit wonder. Some big winners have come roaring back, such as Tesla Inc (NASDAQ:TSLA), Nvidia Corporation (NASDAQ:NVDA), Amazon.com, Inc. (NASDAQ:AMZN) and Tesla Inc (NASDAQ:TSLA). Tesla shares have obviously been strong for months now, but that doesn’t make its recent rebound any less impressive.
Precious Metals Snapshot
- Gold Spot Price: $1,259.30 per ounce
- Silver Spot Price: $16.85 per ounce
- Platinum Spot Price: $931.30 per ounce
- Palladium Spot Price: $890.00 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $118.92, which is 92.9% above its 50-day exponential moving average of $61.65
The RSI is 41.41 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and GLD is experiencing slight buying pressure.
According to the MACD, SPDR Gold Shares (GLD) is currently on a Buy Signal.
Over the next 4 weeks, SPDR Gold Shares (GLD) has on average historically risen by 0.8% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.8%in 9 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 75%
SPDR Silver Shares (SLV) share price is $15.68, which is 90% above its 50-day exponential moving average of $8.25
The RSI is 31.83 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and SLV is experiencing slight selling pressure.
According to the MACD, SPDR Silver Shares (SLV) is currently on a Buy Signal.
Over the next 4 weeks, SPDR Silver Shares (SLV) has on average historically risen by 0.3% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has risen higherby an average 0.3%in 7 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 63%
Trending Stocks On The Move
Oracle (ORCL) share price is $50.3, which is 9.1% above its 8-day exponential moving average of $46.12
Oracle (ORCL) share price is $50.3, which is 114% above its 50-day exponential moving average of $23.50
According to the MACD, Oracle (ORCL) is currently on a Buy Signal.
Puma Biotechnology, Inc. (PBYI) share price is $86.45, which is 7.9% above its 8-day exponential moving average of $80.12
Puma Biotechnology, Inc. (PBYI) share price is $86.45, which is 110% above its 50-day exponential moving average of $41.17
According to the MACD, Puma Biotechnology, Inc. (PBYI) is currently on a Buy Signal.
CIRCOR International, Inc. (CIR) share price is $58.2, which is 5.5% below its 8-day exponential moving average of $61.56
CIRCOR International, Inc. (CIR) share price is $58.2, which is 75.5% above its 50-day exponential moving average of $33.17
According to the MACD, CIRCOR International, Inc. (CIR) is currently on a Buy Signal.
The VIX figure is 10.48. This is 40% below the historic median figure of 17.46.
The CBOE Volatility Index® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Historically, VIX levels above 50 correlate closely with periods of stock market panic while VIX levels below 20 are more typical during relatively calm periods in the market.
The 10,000 Foot Economic View
Total Market Cap / GDP
The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.3280. This is 50.2% above the historic median figure of 0.88.
The higher the Market Cap/GDP figure is relative to its median level, the higher the perceived risk in the market. Markets can remain overvalued for extended time periods.
The S&P Earnings is 94.59. This is 68.9% above the historic median figure of 56.01.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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