Smart Investing Today – Your Stock Market Market Digest
Will Stable Weekly Unemployment Claims Drive the US Economy?
The number of weekly unemployment claims represents a true picture of employment conditions in the US economy.
War and Peace’ on the Beach
Summer reflections on complacency, humility and diversification. In the northern hemisphere, it’s that time of year when we head to the countryside, the mountains and the beaches. We let the batteries on our cellphones run down, we put our feet up …
Bill Gross: Central Bank Policy Distorts Capitalism
Bill Gross said in his July 2017 Investment Outlook that central banks in major developed nations maintained an ultra-low monetary policy for nearly a decade.
Precious Metals Snapshot
- Gold Spot Price: $1,253.40 per ounce
- Silver Spot Price: $16.45 per ounce
- Platinum Spot Price: $929.50 per ounce
- Palladium Spot Price: $863.50 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $119.31, which is 0.8% above its 50-day exponential moving average of $118.39
The RSI is 59.98 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 slight selling 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 $15.58, which is 0.8% below its 50-day exponential moving average of $15.70
The RSI is 53.85 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is relatively stagnant and SLV is experiencing slight selling pressure.
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 0.7% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 0.7%in 4 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 36%
Trending Stocks On The Move
Scientific Games Corporation (SGMS) share price is $34.15, which is 21.7% above its 8-day exponential moving average of $28.06
Scientific Games Corporation (SGMS) share price is $34.15, which is 34.1% above its 50-day exponential moving average of $25.47
According to the MACD, Scientific Games Corporation (SGMS) is currently on a Buy Signal.
Silicom Ltd (SILC) share price is $55.39, which is 8.9% above its 8-day exponential moving average of $50.85
Silicom Ltd (SILC) share price is $55.39, which is 25.9% above its 50-day exponential moving average of $43.99
According to the MACD, Silicom Ltd (SILC) is currently on a Buy Signal.
Ionis Pharmaceuticals (IONS) share price is $59.56, which is 7.4% above its 8-day exponential moving average of $55.47
Ionis Pharmaceuticals (IONS) share price is $59.56, which is 16.4% above its 50-day exponential moving average of $51.19
According to the MACD, Ionis Pharmaceuticals (IONS) is currently on a Buy Signal.
The VIX figure is 9.43. This is 45.9% below the historic median figure of 17.44.
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 1.3351. This is 50.8% above the historic median figure of 0.89.
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 68.5% above the historic median figure of 56.14.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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