Smart Investing Today – Your Stock Market Market Digest
S&P 500 Index: What Goldman Sachs Expects by the End of 2017
According to Goldman Sachs, the S&P 500 Index could stay below 2,400 by the end of 2017. It will be marginally down from the 2,400 level.
Rising Tide Of Rates Is A Booster Rocket For Japanese Stocks
With the Bank of Japan fighting a tide of upward pressure on yields with unlimited QE, it should serve as a booster rocket for Japanese stocks,
Banks and consumers What you need to know in markets on Friday
Friday will be all about the U.S. consumer, whether it's from economic data or America's biggest banks.
Precious Metals Snapshot
- Gold Spot Price: $1,237.30 per ounce
- Silver Spot Price: $16.23 per ounce
- Platinum Spot Price: $932.40 per ounce
- Palladium Spot Price: $867.90 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $116.77, which is 1.4% below its 50-day exponential moving average of $118.38
The RSI is 43.48 which suggests that SPDR Gold Shares (GLD) 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 GLD is experiencing selling pressure, which indicates risk of future bearish 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 0.1% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.1%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 $15.08, which is 4.4% below its 50-day exponential moving average of $15.77
The RSI is 32.34 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 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 risen by 0.2% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has risen higherby an average 0.2%in 6 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 54%
Trending Stocks On The Move
YY Inc. (YY) share price is $63.79, which is 7.4% above its 8-day exponential moving average of $59.41
YY Inc. (YY) share price is $63.79, which is 12.7% above its 50-day exponential moving average of $56.58
According to the MACD, YY Inc. (YY) is currently on a Buy Signal.
BIOTELEMETRY INC (BEAT) share price is $34.4, which is 5.2% above its 8-day exponential moving average of $32.70
BIOTELEMETRY INC (BEAT) share price is $34.4, which is 27.4% above its 50-day exponential moving average of $27.01
According to the MACD, BIOTELEMETRY INC (BEAT) is currently on a Buy Signal.
Global Brass and Copper Holdings, Inc. (BRSS) share price is $32.4, which is 4.3% above its 8-day exponential moving average of $31.06
Global Brass and Copper Holdings, Inc. (BRSS) share price is $32.4, which is 3.9% above its 50-day exponential moving average of $31.18
According to the MACD, Global Brass and Copper Holdings, Inc. (BRSS) is currently on a Buy Signal.
The VIX figure is 9.51. This is 45.5% below the historic median figure of 17.45.
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 1.3351. 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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