Smart Investing Today – Your Stock Market Market Digest
Investors keeping powder dry, as macro data and geopolitics drive markets
Investors spent much of late last week digesting Wednesday’s equity market reset in hopes that the Trump trade remains intact. As a result, equity prices barely held on, closing within a fraction of Wednesday’s close. As I have mentioned over the past three weeks, my sense is that the momentum trade that has rifled equity prices higher since early November has dissipated, while equity market gains have stalled.
What’s Making Wall Street Weak?
Last week, US crude oil May futures fell 2.7%, and natural gas April futures rose 4.3%. The broad market S&P 500 Index fell 1.3%.
Frontier’s Burn Last Week: The Story behind the Story
US-based tech firm Frontier Communications (FTR) saw its stock drop 15.4% last week (ended March 24, 2017), after falling 10% on March 22 alone.
Precious Metals Snapshot
- Gold Spot Price: $1,257.00 per ounce
- Silver Spot Price: $18.26 per ounce
- Platinum Spot Price: $959.80 per ounce
- Palladium Spot Price: $793.90 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $119.53, which is 2.6% above its 50-day exponential moving average of $116.51
The RSI is 65.86 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 selling 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 1.1% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 1.1%in 7 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 58%
SPDR Silver Shares (SLV) share price is $17.15, which is 3.6% above its 50-day exponential moving average of $16.56
The RSI is 63.52 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 buying pressure, which is a positive indicator for future bullish 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 0.9% based on the past 10 years of stock performance.
SPDR Silver Shares (SLV) has risen higherby an average 0.9%in 4 of those 10 years over the subsequent 4 week period,corresponding to a historical probability of 40%
Trending Stocks On The Move
BLUEBIRD BIO INC (BLUE) share price is $94.05, which is 5% above its 8-day exponential moving average of $89.61
BLUEBIRD BIO INC (BLUE) share price is $94.05, which is 15.4% above its 50-day exponential moving average of $81.52
According to the MACD, BLUEBIRD BIO INC (BLUE) is currently on a Sell Signal.
ANI PHARMACEUTICALS INC (ANIP) share price is $48.5, which is 3.8% above its 8-day exponential moving average of $46.74
ANI PHARMACEUTICALS INC (ANIP) share price is $48.5, which is 9.8% below its 50-day exponential moving average of $53.75
According to the MACD, ANI PHARMACEUTICALS INC (ANIP) is currently on a Sell Signal.
Acadia Healthcare Company, Inc. (ACHC) share price is $44.04, which is 5.6% above its 8-day exponential moving average of $41.71
Acadia Healthcare Company, Inc. (ACHC) share price is $44.04, which is 7.3% above its 50-day exponential moving average of $41.05
According to the MACD, Acadia Healthcare Company, Inc. (ACHC) is currently on a Sell Signal.
The VIX figure is 12.50. This is 28.7% below the historic median figure of 17.54.
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 1.2926. This is 46.9% 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 69.4% above the historic median figure of 55.84.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
Warranties and Disclosures
Warranties and Disclosures Persons who access this website agree to do so in accordance with applicable laws of Canada. 8901651 Canada Inc doing business under the website name Smart Investing Today produces Content services and website content which, along with its related publications and website (collectively, the “Content”), are Authored and Edited by Independent Contractors (collectively, the “Editors”), Published by Smart Investing Today (collectively, the “Publisher”), and offered to the general public (“Reader”) on a subscription or trial basis. Reader agrees to assume all risk resulting from the application of any of the content provided by Content.
By using this Content, including any applets, software, services, videos, and content contained therein, the Reader agrees that the use of this web site and its content is entirely at Reader’s own risk.
Content Readers will receive the benefit of Editors commentary, analysis, opinions, advice and training. The Content is impersonal and does not provide individualized advice or recommendations for any specific Reader or individual portfolio.
Investing involves substantial risk.
Neither the Editors, the Publisher, nor any of their respective affiliates make any guarantee or other promise as to any results that may be obtained from the Content. While past performance may be analyzed in the Content, past performance should not be considered indicative of future performance. No Reader should make any investment decision without first consulting his or her own personal registered financial or investment adviser and conducting his or her own research and due diligence. To the maximum extent permitted by law, the Editors, the Publisher and their respective affiliates disclaim any and all liability in the event any information, commentary, analysis, opinions, training or recommendations in the Content prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.
The fundamental concept is that Reader should NOT rely solely upon the information or opinions read in Content. Rather, Reader should use content as a starting point for doing independent research on Editors independent analysis and trading methods in Content. Reader must judge for themselves the merits of the content that has been shared in Publications. Reader is solely responsible for deciding if and when to place actual capital at risk after consulting with his or her own personal registered financial or investment adviser. We strongly recommend Reader opens a “virtual” or “paper trading” account with a broker and place any pr all trades in a virtual trading account.
Reader should carefully consider whether trading the markets is appropriate in light of Reader’s experience, objectives, financial resources, and other circumstances. Trading involves substantial risk, and you may lose some if not all of you investment.
This Content is provided for educational and informational purposes only. Content is not intended to provide investment, trading, tax, or legal advice. Reader must consult a professional financial or investment adviser, CPA, broker, or attorney for such advice.
The Content’s commentary, analysis, opinions, advice and recommendations represent the personal and subjective views of the Editors, and are subject to change at any time without notice. From time to time, Editors and/or Publisher may either personally, or through funds that they manage for others, own positions in options and/or the underlying stocks that are discussed in Content services. The publication by the Editors of a “target price” or “stop loss” for a particular security does not necessarily represent the price at which an Editor intends to sell or will sell any such securities that the Editors may directly or indirectly own. All trades in Editors skill based Model Portfolios are made in virtual, or ‘paper trading’ accounts and is not actual capital. These positions are held in a ‘paper trading’ or ‘virtual trading’ account. These Model Portfolios are for training and demonstration purposes only, and supplement the academic training.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
The information provided in the Content is obtained from sources that the Editors believe to be reliable. However, the Editors have not independently verified or otherwise investigated all such information. Neither the Editors, the Publisher, nor any of their respective affiliates guarantees the accuracy or completeness of any such information. All information contained herein should be independently verified and confirmed by Reader. The Editors, Publisher, and/or any of their respective affiliates do not accept any liability for any loss or damage whatsoever caused in reliance upon such information in Content. Reader of the Content and content herein agrees to indemnify and hold harmless Publishers from and against any damages, costs and expenses, including any legal fees, potentially resulting from the application of any of the education or information provided by Publishers and its independent contractors. This disclaimer applies to any damages or injury caused by any failure of performance, error, omission, act of God, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction or unauthorized access to, or use of record, whether for breach of contract, tort, negligence, or under any other cause of action.
The Content is not a solicitation or offer to buy or sell any securities. Publisher makes no guarantee that you will make money trading any market or security. Past performance is not an indication of future results in Content and results are not typical. Reader’s virtual trading results will most likely differ. Reader acknowledges that trades made in a virtual account can result in fills that would not typically occur in a funded brokerage account.
Editors and Publisher strongly recommend the advice of a competent legal, tax, accounting, financial, investment or other professional should be sought prior to investing in stocks, options, or any financial product or service. Prior to trading options, Readers are strongly encouraged to study and comprehend the document entitled “Characteristics and Risks of Standardized Options” which can be downloaded from the Options Clearing Corporation website here: Characteristics and Risks of Standardized Options
The Editors and Publisher do not warrant the performance, effectiveness or applicability of any sites listed or linked to and/or from this website, including brokerage partners and other financial websites.
All links in Content are for educational and informational purposes only and are not warranted for content, accuracy or any other implied or explicit purpose.
All Content, products, and services are © copyrighted by Publishers. No part may be copied, or changed in any format, sold, or used in any way other than what is outlined here under any circumstances.
Editors affiliated with Publishers are Independent Contractors and are not employed by the Publisher. All opinions expressed by Editors in this Content are solely their opinions and do not reflect the opinions of Publishers or affiliates. Reader should not treat any opinion expressed by Authors as a specific inducement to make a particular investment or follow a particular strategy or tactic, but only as an expression of their opinion. Author’s opinions are based upon information they consider reliable, but neither Publishers nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Editors, Publishers, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Editor’s statements and opinions are subject to change without notice.
Readers may submit questions to the Editors by e-mail toour admin email address. However, because the Content is impersonal and does not provide individualized advice for specific Readers, the Editors can only answer questions of a general nature about the markets or specific securities. The Editors make every effort to answer subscriber questions on our website in a timely manner, or in the pages of an upcoming issue of the Content.
Neither the Editors, the Publisher, nor any of their respective affiliates is responsible for any errors or omissions in any Content. The information contained herein has been compiled from sources deemed reliable and it is accurate to the best of Editors knowledge and belief; however, the Editors, the Publisher, nor any of their respective affiliates cannot guarantee as to its accuracy, completeness and validity and cannot be held liable for any errors or omissions. Changes are periodically made to this website and may be made at any time.
Any subscriber who would like documentation or further information may contact our company writing to 8369 NW 66 ST #7516 Miami FL, 33166 ATTN: Smart Investing Today
Compensation and Affiliate Affidavit
Use of Endorsements and Testimonials in Advertising – the purpose of this section is to establish the possible compensatory affiliation with Publishers and any Testimonials or Endorsers found on the pages of this Content or marketing materials.
Any or all endorsements from Testimonials used in our promotional materials MAY be affiliated with Publishers as Marketing Affiliates and therefore might have an established connection with Publishers in the form of Commissions paid on sales resulting from Referrals from those Testimonials that might lead some readers to believe that the testimonial reviews on the pages of Publishers might be biased. However, the reviews and comments on the pages of this site are to the best of Publisher’s knowledge the true statements and beliefs of the Endorsement givers and any claims made on the pages of this site can be substantiated on request to email@example.com Some of the testimonials whose Endorsements were used in promotion of Publishers have received complimentary training materials for the purposes of reviewing and to help generate Endorsement type Testimonials. Results have not been independently verified. Results may not be typical and individual results may vary.
The website and Content uses affiliate programs for monetization, which means when you click on ads or links to various sites, this can result in an affiliate commission that is credited to our company.
Powered by WPeMatico