Smart Investing Today – Your Stock Market Market Digest
US Crude Oil Prices Are Near a 2-Week Low
US crude oil prices fell in post-settlement trade on April 18, 2017, after the API’s (American Petroleum Institute) crude oil inventory report.
Trump Trade Threats Cannot Stop The Emerging Markets Bull
American investors have poured $10 billion into EM funds in 2017. Here why’s emerging markets are beating the Dow and S&P, and which country funds are on top.
Why Canada’s Manufacturing PMI Improved Strongly in March
Canada’s manufacturing PMI (purchasing managers’ index) stood at 55.5 in March 2017 compared to 54.7 in February, which meets the market estimate.
Precious Metals Snapshot
- Gold Spot Price: $1,286.10 per ounce
- Silver Spot Price: $18.33 per ounce
- Platinum Spot Price: $982.30 per ounce
- Palladium Spot Price: $777.40 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $122.82, which is 3.8% above its 50-day exponential moving average of $118.31
The RSI is 73.50 which suggests that SPDR Gold Shares (GLD) is technicallyin overbought territory.
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 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 $17.34, which is 2.7% above its 50-day exponential moving average of $16.89
The RSI is 58.56 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is moderately bullish and SLV is experiencing slight buying pressure.
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 3.6% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 3.6%in 7 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 63%
Trending Stocks On The Move
Core-Mark Holding Company, Inc. (CORE) share price is $34.87, which is 9.5% above its 8-day exponential moving average of $31.83
Core-Mark Holding Company, Inc. (CORE) share price is $34.87, which is 7.1% above its 50-day exponential moving average of $32.55
According to the MACD, Core-Mark Holding Company, Inc. (CORE) is currently on a Sell Signal.
Cabela’s Inc. (CAB) share price is $57.53, which is 6.4% above its 8-day exponential moving average of $54.05
Cabela’s Inc. (CAB) share price is $57.53, which is 12% above its 50-day exponential moving average of $51.38
According to the MACD, Cabela’s Inc. (CAB) is currently on a Buy Signal.
MOELIS & CO (MC) share price is $37.7, which is 3.8% above its 8-day exponential moving average of $36.33
MOELIS & CO (MC) share price is $37.7, which is 3.4% above its 50-day exponential moving average of $36.44
According to the MACD, MOELIS & CO (MC) is currently on a Sell Signal.
The VIX figure is 14.42. This is 17.7% below the historic median figure of 17.52.
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 1.2965. This is 47.1% 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 69.3% above the historic median figure of 55.86.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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