Smart Investing Today – Your Stock Market Market Digest
The Unknowns in Facebook’s Video Push
Facebook Spotlight, a dedicated video tab that was scheduled to debut in early 2017, may be delayed until later this year.
The state of Illinois: A crisis of politics, not economics
Chad Farrington, CFA, Head of Municipal Bond Credit Research and Senior Portfolio Manager Illinois is seen as a credit risk hot spot, but it hasn’t reached the point of no return. Not all Illinois municipal bonds pose the same amount of risk. …
Yellen's Testimony Welcomed by Capitol Hill, White House
Commentary parsers are already betting that Yellen will help keep rates lower for longer, and now we see the Dow up roughly 100 points.
Precious Metals Snapshot
- Gold Spot Price: $1,224.10 per ounce
- Silver Spot Price: $15.85 per ounce
- Platinum Spot Price: $914.60 per ounce
- Palladium Spot Price: $870.60 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $115.82, which is 2.2% below its 50-day exponential moving average of $118.45
The RSI is 35.45 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 slight selling pressure.
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 $14.87, which is 5.9% below its 50-day exponential moving average of $15.80
The RSI is 35.56 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 selling pressure, which indicates risk of future bearish 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
Yandex N.V. (YNDX) share price is $31.68, which is 14.2% above its 8-day exponential moving average of $27.74
Yandex N.V. (YNDX) share price is $31.68, which is 18.7% above its 50-day exponential moving average of $26.69
According to the MACD, Yandex N.V. (YNDX) is currently on a Buy Signal.
Avis Budget Group, Inc. (CAR) share price is $31.55, which is 9.5% above its 8-day exponential moving average of $28.80
Avis Budget Group, Inc. (CAR) share price is $31.55, which is 45.4% above its 50-day exponential moving average of $21.71
According to the MACD, Avis Budget Group, Inc. (CAR) is currently on a Buy Signal.
Dillard’s Inc. (DDS) share price is $59.89, which is 5.2% above its 8-day exponential moving average of $56.91
Dillard’s Inc. (DDS) share price is $59.89, which is 26% above its 50-day exponential moving average of $47.55
According to the MACD, Dillard’s Inc. (DDS) is currently on a Buy Signal.
The VIX figure is 9.90. This is 43.3% 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 0.89.
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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