Smart Investing Today – Your Stock Market Market Digest
How Much Could Nokia’s Settlement with Apple Impact Revenue?
In May 2017, Nokia and Apple settled a dispute in which the former had accused latter of patent infringement in 11 countries including the US and Germany.
Long Term Outlook for Australia: Less Rosy
After 25 years of steady economic growth, Australia is on the verge of wresting bragging rights from the Netherlands for the longest period on record without a recession. The future may not be as rosy. After 25 years of steady economic growth, …
Follow The Charts, Not The Earnings
I often caution investors not to change their investment plan during panic selloffs. I also try to educate them to avoid buying when everyone else is buying and not to sell when nervous investors are selling. So what should investors or traders do with their stocks before they report earnings?
Precious Metals Snapshot
- Gold Spot Price: $1,241.80 per ounce
- Silver Spot Price: $16.30 per ounce
- Platinum Spot Price: $934.60 per ounce
- Palladium Spot Price: $872.50 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $117.29, which is 0.9% below its 50-day exponential moving average of $118.34
The RSI is 47.35 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and GLD is experiencing selling pressure, which indicates risk of future bearish movement.
According to the MACD, SPDR Gold Shares (GLD) is currently on a Sell Signal.
Over the next 4 weeks, SPDR Gold Shares (GLD) has on average historically risen by 0.1% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.1%in 6 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 50%
SPDR Silver Shares (SLV) share price is $15.22, which is 3.4% below its 50-day exponential moving average of $15.75
The RSI is 39.26 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and SLV is experiencing selling pressure, which indicates risk of future bearish movement.
According to the MACD, SPDR Silver Shares (SLV) is currently on a Sell Signal.
Over the next 4 weeks, SPDR Silver Shares (SLV) has on average historically risen by 0.2% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has risen higherby an average 0.2%in 6 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 54%
Trending Stocks On The Move
Quidel Corp. (QDEL) share price is $34.12, which is 18.7% above its 8-day exponential moving average of $28.74
Quidel Corp. (QDEL) share price is $34.12, which is 46.9% above its 50-day exponential moving average of $23.23
According to the MACD, Quidel Corp. (QDEL) is currently on a Buy Signal.
Fonar Corporation (FONR) share price is $31.05, which is 7.3% above its 8-day exponential moving average of $28.94
Fonar Corporation (FONR) share price is $31.05, which is 17.4% above its 50-day exponential moving average of $26.45
According to the MACD, Fonar Corporation (FONR) is currently on a Sell Signal.
CaesarStone Sdot-Yam Ltd. (CSTE) share price is $37.3, which is 4.5% above its 8-day exponential moving average of $35.71
CaesarStone Sdot-Yam Ltd. (CSTE) share price is $37.3, which is 18.6% above its 50-day exponential moving average of $31.45
According to the MACD, CaesarStone Sdot-Yam Ltd. (CSTE) is currently on a Sell Signal.
The VIX figure is 9.82. This is 43.7% below the historic median figure of 17.45.
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 1.3351. This is 50.8% above the historic median figure of 0.89.
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 68.5% above the historic median figure of 56.14.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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