Smart Investing Today – Your Stock Market Market Digest
Undead Again — How ObamaCare Became The Law That Wouldn’t Die
It’s the terrifying tale of how the Congressional Republicans repeatedly try to kill it, but by some occult science, the beast just keeps living.
Follow The Charts, Not The Earnings
I often caution investors not to change their investment plan during panic selloffs. I also try to educate them to avoid buying when everyone else is buying and not to sell when nervous investors are selling. So what should investors or traders do with their stocks before they report earnings?
Why Volatility Dropped 15% Last Week
The CBOE Volatility Index (VXX), which is a measure of market volatility, remained subdued last week.
Precious Metals Snapshot
- Gold Spot Price: $1,244.90 per ounce
- Silver Spot Price: $16.39 per ounce
- Platinum Spot Price: $929.60 per ounce
- Palladium Spot Price: $874.70 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $118.11, which is 0.2% below its 50-day exponential moving average of $118.33
The RSI is 52.82 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is relatively stagnant and GLD is experiencing slight buying 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 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 $15.38, which is 2.3% below its 50-day exponential moving average of $15.74
The RSI is 43.42 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is relatively stagnant 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
Restoration Hardware Holdings, Inc. (RH) share price is $75.02, which is 10.2% above its 8-day exponential moving average of $68.10
Restoration Hardware Holdings, Inc. (RH) share price is $75.02, which is 27.5% above its 50-day exponential moving average of $58.85
According to the MACD, Restoration Hardware Holdings, Inc. (RH) is currently on a Buy Signal.
Puma Biotechnology, Inc. (PBYI) share price is $93.45, which is 4.9% above its 8-day exponential moving average of $89.08
Puma Biotechnology, Inc. (PBYI) share price is $93.45, which is 22.2% above its 50-day exponential moving average of $76.50
According to the MACD, Puma Biotechnology, Inc. (PBYI) is currently on a Buy Signal.
Littelfuse Inc. (LFUS) share price is $183.37, which is 6% above its 8-day exponential moving average of $172.92
Littelfuse Inc. (LFUS) share price is $183.37, which is 28.1% above its 50-day exponential moving average of $143.11
According to the MACD, Littelfuse Inc. (LFUS) is currently on a Buy Signal.
The VIX figure is 9.89. 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 50.8% 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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