Smart Investing Today – Your Stock Market Market Digest
Inside Mexico’s Rising Trade Deficit in March 2017
Mexico recorded a modest trade deficit in March 2017, as compared to its trade surplus in the previous month.
Where Home Depot’s Valuation Multiple Stands Next to Peers
As of April 27, 2017, Home Depot was trading at a forward PE multiple of 21.1x, as compared to 19.9x before the announcement of its 4Q16 earnings.
How Juniper Networks’ Switching Business Performed in 1Q17
Juniper Networks’ (JNPR) Switching revenues rose 38% year-over-year in fiscal 1Q17 to $242.0 million, up from ~$175.4 million in fiscal 1Q16.
Precious Metals Snapshot
- Gold Spot Price: $1,256.30 per ounce
- Silver Spot Price: $17.01 per ounce
- Platinum Spot Price: $935.60 per ounce
- Palladium Spot Price: $817.80 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $119.67, which is 0.5% above its 50-day exponential moving average of $119.13
The RSI is 46.80 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is moderately 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 fallen by 1.1% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has fallen lowerby an average 1.1%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 $15.99, which is 4.9% below its 50-day exponential moving average of $16.81
The RSI is 25.85 which suggests that SPDR Silver Shares (SLV) is technicallyin oversold territory.
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 fallen by 3% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 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
Willdan Group, Inc. (WLDN) share price is $30.31, which is 1.1% above its 8-day exponential moving average of $29.98
Willdan Group, Inc. (WLDN) share price is $30.31, which is 0.8% above its 50-day exponential moving average of $30.07
According to the MACD, Willdan Group, Inc. (WLDN) is currently on a Sell Signal.
Tribune Media Co (TRCO) share price is $38.75, which is 3.7% above its 8-day exponential moving average of $37.36
Tribune Media Co (TRCO) share price is $38.75, which is 5.8% above its 50-day exponential moving average of $36.61
According to the MACD, Tribune Media Co (TRCO) is currently on a Sell Signal.
KMG Chemicals Inc. (KMG) share price is $55.3, which is 10.1% above its 8-day exponential moving average of $50.21
KMG Chemicals Inc. (KMG) share price is $55.3, which is 26.5% above its 50-day exponential moving average of $43.73
According to the MACD, KMG Chemicals Inc. (KMG) is currently on a Buy Signal.
The VIX figure is 10.11. This is 42.3% below the historic median figure of 17.51.
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 1.3085. This is 48.4% 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 69.3% above the historic median figure of 55.87.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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