Smart Investing Today – Your Stock Market Market Digest
What Could Impact J.M. Smucker’s Sales in Fiscal 2018?
J.M. Smucker (SJM) has posted a sales decline in all four quarters of fiscal 2017, and the first half of 2018 might not be any different.
Play These Inverse ETFs if Markets Turn Rocky
With several analysts adopting a cautious stance on the stock market, investors may short key U.S. indices via ETFs.
Could GoPro’s Profit Margins Improve in Fiscal 2017?
In 1Q17, US-based (SPY), consumer tech (QQQ) company GoPro (GPRO) reduced its channel inventory by 13% QoQ (quarter-over-quarter). GoPro expects this trend to continue, as it has reduced the price
Precious Metals Snapshot
- Gold Spot Price: $1,246.50 per ounce
- Silver Spot Price: $16.86 per ounce
- Platinum Spot Price: $920.60 per ounce
- Palladium Spot Price: $866.80 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $118.9, which is 0.5% below its 50-day exponential moving average of $119.52
The RSI is 45.87 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 $15.92, which is 1.3% below its 50-day exponential moving average of $16.13
The RSI is 43.34 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 buying pressure, which is a positive indicator for future bullish 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
The Spectranetics Corporation (SPNC) share price is $38.35, which is 20.1% above its 8-day exponential moving average of $31.93
The Spectranetics Corporation (SPNC) share price is $38.35, which is 33% above its 50-day exponential moving average of $28.83
According to the MACD, The Spectranetics Corporation (SPNC) is currently on a Buy Signal.
FARO Technologies Inc. (FARO) share price is $39.3, which is 5.8% above its 8-day exponential moving average of $37.16
FARO Technologies Inc. (FARO) share price is $39.3, which is 8.8% above its 50-day exponential moving average of $36.13
According to the MACD, FARO Technologies Inc. (FARO) is currently on a Buy Signal.
Cardiovascular Systems Inc. (CSII) share price is $32.89, which is 4.9% above its 8-day exponential moving average of $31.35
Cardiovascular Systems Inc. (CSII) share price is $32.89, which is 7.1% above its 50-day exponential moving average of $30.71
According to the MACD, Cardiovascular Systems Inc. (CSII) is currently on a Buy Signal.
The VIX figure is 10.03. This is 42.5% 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 1.3223. This is 49.5% 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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