Smart Investing Today – Your Stock Market Market Digest
Trump is already creating jobs: trader
Yesterday’s ADP jobs report, the first for the Trump administration, showed the Trump effect 298,000 versus estimates of 187,000. There is always a chance of a surprise with the headline number from the government Friday.
Why J.P. Morgan Believes the Market Rally Could Pause
Various US indexes such as the S&P 500 Index (SPY), the Dow Jones Industrial Average (DIA), and the NASDAQ Composite have performed well since the US election.
Markets Are Asking The Real Donald Trump To Stand Up
Stock markets have actually tracked my perception of the Trump persona on display quite well. To rally, this market really needs the POTUS who delivered the State of the Union and this market is at risk if exposed to long periods of the ‘other’ Trump that seems fixated on perceived slights.
Precious Metals Snapshot
- Gold Spot Price: $1,200.50 per ounce
- Silver Spot Price: $17.00 per ounce
- Platinum Spot Price: $944.10 per ounce
- Palladium Spot Price: $746.90 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $114.47, which is 1.3% below its 50-day exponential moving average of $115.98
The RSI is 36.27 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 fallen by 0.8% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has fallen lowerby an average 0.8%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 $16.06, which is 3.1% below its 50-day exponential moving average of $16.57
The RSI is 34.85 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 fallen by 1.3% based on the past 10 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 1.3%in 4 of those 10 years over the subsequent 4 week period,corresponding to a historical probability of 40%
Trending Stocks On The Move
National Beverage Corp. (FIZZ) share price is $66.33, which is 8.3% above its 8-day exponential moving average of $61.22
National Beverage Corp. (FIZZ) share price is $66.33, which is 20% above its 50-day exponential moving average of $55.26
According to the MACD, National Beverage Corp. (FIZZ) is currently on a Buy Signal.
Canadian Natural Resources Ltd. (CNQ) share price is $32.05, which is 5.2% above its 8-day exponential moving average of $30.47
Canadian Natural Resources Ltd. (CNQ) share price is $32.05, which is 4.9% above its 50-day exponential moving average of $30.55
According to the MACD, Canadian Natural Resources Ltd. (CNQ) is currently on a Buy Signal.
ACCELERON PHARMA INC (XLRN) share price is $30.07, which is 5.4% above its 8-day exponential moving average of $28.53
ACCELERON PHARMA INC (XLRN) share price is $30.07, which is 10.5% above its 50-day exponential moving average of $27.22
According to the MACD, ACCELERON PHARMA INC (XLRN) is currently on a Buy Signal.
The VIX figure is 12.30. This is 29.9% 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 1.3026. This is 48.2% 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.
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