Smart Investing Today – Your Stock Market Market Digest
Oil, data in the spotlight on Wall Street
U.S. stock index futures pointed to a relatively flat to slightly lower open on Thursday, as investors geared up for a cluster of data releases.
Energy Snapshot: Crude Oil Prices Fell on June 12 16, 2017
On June 16, 2017, US crude oil (USO) (OIIL) August futures settled at $44.97 per barrel. On June 9 16, 2017, US crude oil August futures fell 2.4%.
Lower US Inflation Could Impact the S&P 500 Index
According to data provided by the U.S. Bureau of Labor Statistics, the US consumer price index, or inflation index, fell 0.1% in May 2017.
Precious Metals Snapshot
- Gold Spot Price: $1,254.90 per ounce
- Silver Spot Price: $16.69 per ounce
- Platinum Spot Price: $934.50 per ounce
- Palladium Spot Price: $894.20 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $118.52, which is 99.8% above its 50-day exponential moving average of $59.32
The RSI is 41.41 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is moderately 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 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 $15.54, which is 95.5% above its 50-day exponential moving average of $7.95
The RSI is 32.87 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is moderately bullish and SLV is experiencing slight selling 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 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
La-Z-Boy Inc. (LZB) share price is $32, which is 15% above its 8-day exponential moving average of $27.83
La-Z-Boy Inc. (LZB) share price is $32, which is 135.5% above its 50-day exponential moving average of $13.59
According to the MACD, La-Z-Boy Inc. (LZB) is currently on a Buy Signal.
ESPERION THERAPEUTICS (ESPR) share price is $41.02, which is 15.4% above its 8-day exponential moving average of $35.55
ESPERION THERAPEUTICS (ESPR) share price is $41.02, which is 137.2% above its 50-day exponential moving average of $17.30
According to the MACD, ESPERION THERAPEUTICS (ESPR) is currently on a Buy Signal.
Winnebago Industries Inc. (WGO) share price is $33.45, which is 13.2% above its 8-day exponential moving average of $29.55
Winnebago Industries Inc. (WGO) share price is $33.45, which is 139% above its 50-day exponential moving average of $14.00
According to the MACD, Winnebago Industries Inc. (WGO) is currently on a Buy Signal.
The VIX figure is 10.75. This is 38.4% 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
Chart for Total Market Cap / GDP
The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.3293. 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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