Smart Investing Today – Your Stock Market Market Digest
Are Bonds And Commodities Signaling Deflation Forever?
Which chart is right? The commodities chart is arguing deflation forever. Stocks are saying reflation.
The Bulls Continue To Control The 9 Major Global Equity Averages, But New Highs Are Limited
The Dow Jones Industrial Average and the German DAX are the only two major averages around the globe to set new all-time intraday highs last week.
How Could Equity Markets React to the Fed’s Optimism?
On June 15, the day after the FOMC statement, most global markets traded with a negative tone.
Precious Metals Snapshot
- Gold Spot Price: $1,248.70 per ounce
- Silver Spot Price: $16.65 per ounce
- Platinum Spot Price: $930.40 per ounce
- Palladium Spot Price: $866.60 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $118.43, which is 117.7% above its 50-day exponential moving average of $54.40
The RSI is 39.95 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is moderately 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 0.8% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.8%in 9 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 75%
SPDR Silver Shares (SLV) share price is $15.61, which is 113.5% above its 50-day exponential moving average of $7.31
The RSI is 37.07 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 risen by 0.3% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has risen higherby an average 0.3%in 7 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 63%
Trending Stocks On The Move
PerkinElmer (PKI) share price is $67.73, which is 9.8% above its 8-day exponential moving average of $61.66
PerkinElmer (PKI) share price is $67.73, which is 175.2% above its 50-day exponential moving average of $24.61
According to the MACD, PerkinElmer (PKI) is currently on a Buy Signal.
FOUNDATION MEDICINE INC (FMI) share price is $40, which is 3% above its 8-day exponential moving average of $38.84
FOUNDATION MEDICINE INC (FMI) share price is $40, which is 121.9% above its 50-day exponential moving average of $18.03
According to the MACD, FOUNDATION MEDICINE INC (FMI) is currently on a Buy Signal.
Pacira Pharmaceuticals Inc. (PCRX) share price is $44.65, which is 4.5% above its 8-day exponential moving average of $42.71
Pacira Pharmaceuticals Inc. (PCRX) share price is $44.65, which is 125.3% above its 50-day exponential moving average of $19.82
According to the MACD, Pacira Pharmaceuticals Inc. (PCRX) is currently on a Buy Signal.
The VIX figure is 10.37. This is 40.6% below the historic median figure of 17.46.
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 1.3284. This is 50.3% 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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