Smart Investing Today – Your Stock Market Market Digest
10 things you need to know before the opening bell
Here is what you need to know. The Fed is expected to hike rates. World Interest Rate probability…
A Look at Chevron’s Stock Value This Year
Integrated stocks Chevron’s (CVX) stock has fallen 7% since January 3, 2017. In comparison, peers ExxonMobil (XOM), Royal Dutch Shell (RDS.A), and BP (BP) have fallen 10%, 7%, and 12%,
Three Steps and a Stumble for Stocks? Not This Time.
Stocks are going no place today, and if you’re looking for a reason, look no further than the FOMC meeting this week, where Janet Yellen and team are widely expected to raise interest rates. You might have heard the phrase “three steps and a stumble,” and there’s a reason it exists: A third rate hike has often meant a dip in the stock market. The mindset of the marketplace is currently very different compared to recent decades when the Fed raised interest rates and when the Three Steps and Stumble rule was popularized.
Precious Metals Snapshot
- Gold Spot Price: $1,203.00 per ounce
- Silver Spot Price: $17.00 per ounce
- Platinum Spot Price: $940.10 per ounce
- Palladium Spot Price: $746.50 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $114.12, which is 1.5% below its 50-day exponential moving average of $115.81
The RSI is 35.30 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 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 $15.99, which is 3.2% below its 50-day exponential moving average of $16.52
The RSI is 34.71 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
Clovis Oncology, Inc. (CLVS) share price is $66.95, which is 7.9% above its 8-day exponential moving average of $62.05
Clovis Oncology, Inc. (CLVS) share price is $66.95, which is 16.6% above its 50-day exponential moving average of $57.41
According to the MACD, Clovis Oncology, Inc. (CLVS) is currently on a Sell Signal.
Orthofix International N.V. (OFIX) share price is $38.37, which is 6.7% above its 8-day exponential moving average of $35.98
Orthofix International N.V. (OFIX) share price is $38.37, which is 5.1% above its 50-day exponential moving average of $36.49
According to the MACD, Orthofix International N.V. (OFIX) is currently on a Sell Signal.
Resolute Energy Corporation (REN) share price is $38.19, which is 3.4% below its 8-day exponential moving average of $39.55
Resolute Energy Corporation (REN) share price is $38.19, which is 9.7% below its 50-day exponential moving average of $42.31
According to the MACD, Resolute Energy Corporation (REN) is currently on a Sell 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 1.3079. This is 48.7% 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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