Smart Investing Today – Your Stock Market Market Digest
Understanding Cliffs’ New Estimates: Why Are Iron Ore Analysts Second-Guessing?
Most of Cliffs Natural Resources’ (CLF) revenues and earnings are derived from its US steel division. This makes its drivers unique among peers.
Fed news, politics, data set the agenda on Wall Street; oil eyed
U.S. stock index futures pointed to a flat open Wednesday, as investors geared up for more data, while keeping a close eye on what's happening politically.
Trader’s Daily Notebook: Small-Caps Fit the Market Moment
Tech momentum names don’t put on much of a show.
Precious Metals Snapshot
- Gold Spot Price: $1,264.70 per ounce
- Silver Spot Price: $17.31 per ounce
- Platinum Spot Price: $930.30 per ounce
- Palladium Spot Price: $837.00 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $120.72, which is 785.8% above its 50-day exponential moving average of $13.63
The RSI is 59.54 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish 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 Buy 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 8 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 66%
SPDR Silver Shares (SLV) share price is $16.38, which is 782.5% above its 50-day exponential moving average of $1.86
The RSI is 55.89 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish 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 Buy Signal.
Over the next 4 weeks, SPDR Silver Shares (SLV) has on average historically fallen by 2.7% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 2.7%in 5 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 45%
Trending Stocks On The Move
Signet Jewelers Ltd. (SIG) share price is $52.41, which is 98.5% above its 8-day exponential moving average of $26.40
Signet Jewelers Ltd. (SIG) share price is $52.41, which is 835.8% above its 50-day exponential moving average of $5.60
According to the MACD, Signet Jewelers Ltd. (SIG) is currently on a Buy Signal.
Natus Medical Inc. (BABY) share price is $36.45, which is 96.4% above its 8-day exponential moving average of $18.56
Natus Medical Inc. (BABY) share price is $36.45, which is 824% above its 50-day exponential moving average of $3.94
According to the MACD, Natus Medical Inc. (BABY) is currently on a Buy Signal.
Fabrinet (FN) share price is $37.87, which is 95.7% above its 8-day exponential moving average of $19.35
Fabrinet (FN) share price is $37.87, which is 819.7% above its 50-day exponential moving average of $4.12
According to the MACD, Fabrinet (FN) is currently on a Buy Signal.
The VIX figure is 9.89. This is 43.4% below the historic median figure of 17.47.
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 1.3162. This is 49.1% 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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