Smart Investing Today – Your Stock Market Market Digest
Fed’s Meeting: Will Crude Oil Prices Collapse?
US crude oil (XOP) (UCO) (XLE) futures contracts for July delivery rose 0.6% and closed at $46.08 per barrel on June 12, 2017.
Here’s How To Trade 9 Global Equity Averages, 5 In The U.S., Japan, China, India And Germany
The nine major averages around the globe have been amazingly resilient. All have positive weekly charts, with six overbought. Here’s how to trade them now.
Can the S&P 500 Sustain above 2,400 amid the Tech Rout?
The S&P 500 index (SPY) managed to close with minimal losses last week, closing at 2,431.77 compared to 2,433.79 the week before.
Precious Metals Snapshot
- Gold Spot Price: $1,267.80 per ounce
- Silver Spot Price: $17.02 per ounce
- Platinum Spot Price: $928.00 per ounce
- Palladium Spot Price: $876.10 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $120.48, which is 179.2% above its 50-day exponential moving average of $43.15
The RSI is 51.69 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 buying pressure.
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 fallen by 0.7% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has fallen lowerby an average 0.7%in 3 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 25%
SPDR Silver Shares (SLV) share price is $15.95, which is 173.1% above its 50-day exponential moving average of $5.84
The RSI is 42.80 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is moderately bullish and SLV is experiencing slight buying pressure.
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 1.6% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 1.6%in 3 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 27%
Trending Stocks On The Move
ULTRAGENYX PHARMA (RARE) share price is $58.67, which is 10.4% above its 8-day exponential moving average of $53.15
ULTRAGENYX PHARMA (RARE) share price is $58.67, which is 193.1% above its 50-day exponential moving average of $20.02
According to the MACD, ULTRAGENYX PHARMA (RARE) is currently on a Buy Signal.
Scotts Miracle-Gro Co. (SMG) share price is $89.83, which is 11.7% above its 8-day exponential moving average of $80.42
Scotts Miracle-Gro Co. (SMG) share price is $89.83, which is 193.9% above its 50-day exponential moving average of $30.56
According to the MACD, Scotts Miracle-Gro Co. (SMG) is currently on a Buy Signal.
Middlesex Water Co. (MSEX) share price is $40.7, which is 14.2% above its 8-day exponential moving average of $35.62
Middlesex Water Co. (MSEX) share price is $40.7, which is 208.3% above its 50-day exponential moving average of $13.20
According to the MACD, Middlesex Water Co. (MSEX) is currently on a Buy Signal.
The VIX figure is 10.42. This is 40.4% below the historic median figure of 17.47.
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 1.3282. 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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