Smart Investing Today – Your Stock Market Market Digest
Inside Einhorn’s Greenlight Capital’s Top Holdings
Billionaire hedge fund manager David Einhorn is well known for his investment strategy, having advised long and short bets during different market scenarios.
IBM Q2 Revenues Disappoint Again: ETFs to Watch
While IBM continued its streak of earnings beat for the eleventh consecutive quarter, it once again missed on revenues.
Traders Bail On This Leveraged ETF As Earnings Roll In
The S&P 500 is up 10 percent this year and with the benefit of 1.4 percent gain over the past week, the benchmark U.S. equity index continues pushing to record highs. Sounds like a recipe for trouble for …
Precious Metals Snapshot
- Gold Spot Price: $1,251.60 per ounce
- Silver Spot Price: $16.56 per ounce
- Platinum Spot Price: $938.30 per ounce
- Palladium Spot Price: $854.80 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $118.24, which is 0.1% below its 50-day exponential moving average of $118.32
The RSI is 53.69 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is relatively stagnant and GLD is experiencing slight buying pressure.
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 $15.42, which is 1.9% below its 50-day exponential moving average of $15.71
The RSI is 48.35 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is relatively stagnant and SLV is experiencing slight buying pressure.
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
Avista Corp. (AVA) share price is $52.28, which is 17% above its 8-day exponential moving average of $44.70
Avista Corp. (AVA) share price is $52.28, which is 22.2% above its 50-day exponential moving average of $42.80
According to the MACD, Avista Corp. (AVA) is currently on a Buy Signal.
Galapagos (GLPG) share price is $80.85, which is 4.3% above its 8-day exponential moving average of $77.53
Galapagos (GLPG) share price is $80.85, which is 2.1% above its 50-day exponential moving average of $79.17
According to the MACD, Galapagos (GLPG) is currently on a Sell Signal.
Blackhawk Network Holdings, Inc. (HAWK) share price is $46.1, which is 5% above its 8-day exponential moving average of $43.91
Blackhawk Network Holdings, Inc. (HAWK) share price is $46.1, which is 21.6% above its 50-day exponential moving average of $37.92
According to the MACD, Blackhawk Network Holdings, Inc. (HAWK) is currently on a Buy Signal.
The VIX figure is 9.58. This is 45.1% 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
Chart for 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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