Smart Investing Today – Your Stock Market Market Digest
Stocks Give Up Ground Amid Slowing Job Growth
A weekly technical summary of the major U.S. indexes.
Stocks pare losses while gold and bonds surge after Syrian air strike and miss on jobs report
Stocks (^DJI, ^GSPC, ^IXIC) are roughly flat at the midday mark despite the US air strike on Syria and a disappointing headline payrolls number in the jobs report. The consumer staples sector (XLY) is the most in the green, while financials (XLF) are the most in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.
Trade of the Week, Short Nasdaq; Parsing the FOMC Comments: Doug Kass’ Views
Doug Kass shares his thoughts on Apple, Facebook and Google.
Precious Metals Snapshot
- Gold Spot Price: $1,251.90 per ounce
- Silver Spot Price: $17.93 per ounce
- Platinum Spot Price: $946.80 per ounce
- Palladium Spot Price: $791.00 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $119.46, which is 1.8% above its 50-day exponential moving average of $117.35
The RSI is 60.37 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 selling pressure, which indicates risk of future bearish movement.
According to the MACD, SPDR Gold Shares (GLD) is currently on a Buy Signal.
Over the next 4 weeks, SPDR Gold Shares (GLD) has on average historically risen by 0.9% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.9%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 $17.03, which is 1.6% above its 50-day exponential moving average of $16.76
The RSI is 53.63 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is moderately bullish 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 Buy Signal.
Over the next 4 weeks, SPDR Silver Shares (SLV) has on average historically fallen by 1.9% based on the past 10 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 1.9%in 6 of those 10 years over the subsequent 4 week period,corresponding to a historical probability of 60%
Trending Stocks On The Move
Loxo Oncology, Inc. (LOXO) share price is $47.8, which is 6.9% above its 8-day exponential moving average of $44.73
Loxo Oncology, Inc. (LOXO) share price is $47.8, which is 13.2% above its 50-day exponential moving average of $42.24
According to the MACD, Loxo Oncology, Inc. (LOXO) is currently on a Buy Signal.
Medidata Solutions, Inc. (MDSO) share price is $63.69, which is 7.7% above its 8-day exponential moving average of $59.13
Medidata Solutions, Inc. (MDSO) share price is $63.69, which is 13.6% above its 50-day exponential moving average of $56.05
According to the MACD, Medidata Solutions, Inc. (MDSO) is currently on a Buy Signal.
NV5 Holdings, Inc. (NVEE) share price is $39.95, which is 6.2% above its 8-day exponential moving average of $37.60
NV5 Holdings, Inc. (NVEE) share price is $39.95, which is 7.1% above its 50-day exponential moving average of $37.29
According to the MACD, NV5 Holdings, Inc. (NVEE) is currently on a Sell Signal.
The VIX figure is 12.87. This is 26.6% below the historic median figure of 17.53.
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 1.3007. This is 47.7% 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 69.3% above the historic median figure of 55.86.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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