Smart Investing Today – Your Stock Market Market Digest
It’s Splitsville for this ETF; A Bearish Market Signal?
It’s splitsville for a popular ETF that profits from a mild “fear gauge.” If history repeats, then a long-awaited bout of market turmoil could be coming to disrupt this year’s “low-vol” …
The Value of Factors
Many investors are familiar with value investing, whether through Warren Buffet’s investment philosophy or the traditional style-box grid used to guide investment decisions. Value investing is about finding bargains stocks with lower valuations …
The Nasdaq 100 Is Primed for a July Breakout
Valuations may be high, but tech stocks on the Nasdaq 100 have outperformed on earnings this year.
Precious Metals Snapshot
- Gold Spot Price: $1,245.80 per ounce
- Silver Spot Price: $16.65 per ounce
- Platinum Spot Price: $927.00 per ounce
- Palladium Spot Price: $847.00 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $118.32, which is 1% below its 50-day exponential moving average of $119.47
The RSI is 42.29 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 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 1.4% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 1.4%in 8 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 66%
SPDR Silver Shares (SLV) share price is $15.73, which is 2.4% below its 50-day exponential moving average of $16.12
The RSI is 47.91 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 1.9% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has risen higherby an average 1.9%in 8 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 72%
Trending Stocks On The Move
Select Comfort Corporation (SCSS) share price is $35.6, which is 9% above its 8-day exponential moving average of $32.65
Select Comfort Corporation (SCSS) share price is $35.6, which is 16.9% above its 50-day exponential moving average of $30.46
According to the MACD, Select Comfort Corporation (SCSS) is currently on a Buy Signal.
Acuity Brands, Inc. (AYI) share price is $198.52, which is 9.2% above its 8-day exponential moving average of $181.86
Acuity Brands, Inc. (AYI) share price is $198.52, which is 12% above its 50-day exponential moving average of $177.31
According to the MACD, Acuity Brands, Inc. (AYI) is currently on a Buy Signal.
Constellation Bra (STZ) share price is $192.79, which is 4.1% above its 8-day exponential moving average of $185.27
Constellation Bra (STZ) share price is $192.79, which is 7% above its 50-day exponential moving average of $180.21
According to the MACD, Constellation Bra (STZ) is currently on a Buy Signal.
The VIX figure is 11.44. This is 34.4% 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 50.9% 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 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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