Smart Investing Today – Your Stock Market Market Digest
How Devon Energy Stock Is Performing in 2017
So far in 2017, crude oil and natural gas producer Devon Energy’s (DVN) stock price has widely underperformed crude oil prices. DVN stock has fallen from $45.60 to $36.90 year-to-date.
10 things you need to know today
Here is what you need to know. The Trump administration gave Wall Street some great news….
The Stock Market’s 15 Minutes Of Fame
In the past month the S&P 500 has gained about 30 points. It gained a total of 90 points on the open on 5 days. What does that peculiar pattern mean?
Precious Metals Snapshot
- Gold Spot Price: $1,259.80 per ounce
- Silver Spot Price: $17.13 per ounce
- Platinum Spot Price: $943.20 per ounce
- Palladium Spot Price: $761.90 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $119.4, which is 0.7% above its 50-day exponential moving average of $118.55
The RSI is 54.49 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 buying pressure, which is a positive indicator for future bullish movement.
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 0.4% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.4%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 $15.94, which is 2.3% below its 50-day exponential moving average of $16.32
The RSI is 39.40 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 fallen by 0.6% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 0.6%in 6 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 54%
Trending Stocks On The Move
Autodesk (ADSK) share price is $109.91, which is 11.4% above its 8-day exponential moving average of $98.67
Autodesk (ADSK) share price is $109.91, which is 20.5% above its 50-day exponential moving average of $91.24
According to the MACD, Autodesk (ADSK) is currently on a Buy Signal.
McKesson (MCK) share price is $153.01, which is 34.6% above its 8-day exponential moving average of $113.71
McKesson (MCK) share price is $153.01, which is 393% above its 50-day exponential moving average of $31.03
According to the MACD, McKesson (MCK) is currently on a Buy Signal.
ProShares Short VIX Short Term Futures ETF (SVXY) share price is $142.4, which is 1.4% below its 8-day exponential moving average of $144.38
ProShares Short VIX Short Term Futures ETF (SVXY) share price is $142.4, which is 2.2% above its 50-day exponential moving average of $139.38
According to the MACD, ProShares Short VIX Short Term Futures ETF (SVXY) is currently on a Buy Signal.
The VIX figure is 12.04. This is 31.2% below the historic median figure of 17.50.
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 1.2938. This is 46.6% 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 55.87.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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