Smart Investing Today – Your Stock Market Market Digest
The Latest Economic Indicators: Signals for Manufacturing
In this series, we’ll take a look at the final manufacturing PMIs for the major developed countries in June 2017.
Momentum may be running out of momentum
Despite diminished expectations for growth and inflation, stocks enjoyed a stellar first half. While the latter half of 2016 was characterized by reflation, higher interest rates and a stronger U.S. dollar, the first half of 2017 witnessed …
Stock Benchmarks March to Different Tunes
What did the market do today? The answer to this simple question has become more difficult in recent weeks, as the typically close relationship between the Dow Jones Industrial Average and the S&P 500 …
Precious Metals Snapshot
- Gold Spot Price: $1,212.40 per ounce
- Silver Spot Price: $15.60 per ounce
- Platinum Spot Price: $896.90 per ounce
- Palladium Spot Price: $842.70 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $115.47, which is 2.8% below its 50-day exponential moving average of $118.78
The RSI is 31.52 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 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 1.1% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 1.1%in 7 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 58%
SPDR Silver Shares (SLV) share price is $14.83, which is 6.8% below its 50-day exponential moving average of $15.91
The RSI is 24.04 which suggests that SPDR Silver Shares (SLV) is technicallyin oversold territory.
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 risen by 2.3% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has risen higherby an average 2.3%in 6 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 54%
Trending Stocks On The Move
National Beverage Corp. (FIZZ) share price is $103.28, which is 7.3% above its 8-day exponential moving average of $96.22
National Beverage Corp. (FIZZ) share price is $103.28, which is 13.6% above its 50-day exponential moving average of $90.93
According to the MACD, National Beverage Corp. (FIZZ) is currently on a Buy Signal.
Agrium Inc. (AGU) share price is $95.68, which is 3.6% above its 8-day exponential moving average of $92.32
Agrium Inc. (AGU) share price is $95.68, which is 3.4% above its 50-day exponential moving average of $92.50
According to the MACD, Agrium Inc. (AGU) is currently on a Sell Signal.
Mazor Robotics Ltd. (MZOR) share price is $40.88, which is 10% above its 8-day exponential moving average of $37.16
Mazor Robotics Ltd. (MZOR) share price is $40.88, which is 54.8% above its 50-day exponential moving average of $26.41
According to the MACD, Mazor Robotics Ltd. (MZOR) is currently on a Buy Signal.
The VIX figure is 11.11. This is 36.3% 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
Chart for Total Market Cap / GDP
The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.3351. This is 50.9% 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 68.5% 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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