Smart Investing Today – Your Stock Market Market Digest
Is Alibaba Harming US Businesses?
Alibaba’s (BABA) war on fake goods on its marketplaces has been widely criticized as being weak or lacking direction.
Deeper Pullbacks Possible
Most investors are not properly positioned for likely retracements
How Ericsson Aims to Drive Long-Term Growth
Ericsson intends to penetrate the 5G market, and it’s in the process of building and testing 5G infrastructure in collaboration with telecom heavyweights.
Precious Metals Snapshot
- Gold Spot Price: $1,206.50 per ounce
- Silver Spot Price: $17.06 per ounce
- Platinum Spot Price: $942.70 per ounce
- Palladium Spot Price: $748.20 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $114.74, which is 1% below its 50-day exponential moving average of $115.88
The RSI is 38.36 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 0.2% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.2%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 $16.07, which is 2.8% below its 50-day exponential moving average of $16.54
The RSI is 36.03 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 0.4% based on the past 10 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 0.4%in 4 of those 10 years over the subsequent 4 week period,corresponding to a historical probability of 40%
Trending Stocks On The Move
Mobileye NV (MBLY) share price is $60.62, which is 21.9% above its 8-day exponential moving average of $49.74
Mobileye NV (MBLY) share price is $60.62, which is 36.1% above its 50-day exponential moving average of $44.53
According to the MACD, Mobileye NV (MBLY) is currently on a Buy Signal.
Puma Biotechnology, Inc. (PBYI) share price is $44.8, which is 14.2% above its 8-day exponential moving average of $39.22
Puma Biotechnology, Inc. (PBYI) share price is $44.8, which is 22.5% above its 50-day exponential moving average of $36.56
According to the MACD, Puma Biotechnology, Inc. (PBYI) is currently on a Buy Signal.
Straight Path Communications In (STRP) share price is $33, which is 1.2% above its 8-day exponential moving average of $32.62
Straight Path Communications In (STRP) share price is $33, which is 0.8% below its 50-day exponential moving average of $33.27
According to the MACD, Straight Path Communications In (STRP) is currently on a Sell Signal.
The VIX figure is 11.35. This is 35.3% 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
Chart for Total Market Cap / GDP
The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.3066. This is 48.6% 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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