Smart Investing Today – Your Stock Market Market Digest
US Dollar Is near a 5-Month Low: Can It Support Crude Oil Bulls?
The US Dollar Index fell 1% to 98.9 for the week ending April 28, 2017. The dollar hit a high of 103.8 on January 3, 2017 the highest level in 14 years.
S&P 500 ETFs Gain In April And Have Risen Every Month Since Trump Win
A strong earnings season for the first quarter so far seemed to have offset mounting investors' worries about Trump's ability to deliver on promised tax reform, lower regulation and infrastructure spending.
How Juniper Networks’ Switching Business Performed in 1Q17
Juniper Networks’ (JNPR) Switching revenues rose 38% year-over-year in fiscal 1Q17 to $242.0 million, up from ~$175.4 million in fiscal 1Q16.
Precious Metals Snapshot
- Gold Spot Price: $1,265.40 per ounce
- Silver Spot Price: $17.22 per ounce
- Platinum Spot Price: $943.60 per ounce
- Palladium Spot Price: $829.10 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $120.77, which is 1.4% above its 50-day exponential moving average of $119.11
The RSI is 53.60 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is moderately 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 fallen by 1.1% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has fallen lowerby an average 1.1%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 $16.3, which is 3.3% below its 50-day exponential moving average of $16.85
The RSI is 30.83 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 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 fallen by 3% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 3%in 7 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 63%
Trending Stocks On The Move
Silicon Motion Technology Corporation (SIMO) share price is $48.55, which is 6.2% above its 8-day exponential moving average of $45.71
Silicon Motion Technology Corporation (SIMO) share price is $48.55, which is 8.6% above its 50-day exponential moving average of $44.72
According to the MACD, Silicon Motion Technology Corporation (SIMO) is currently on a Buy Signal.
LPL Financial Holdings Inc. (LPLA) share price is $42.04, which is 5.9% above its 8-day exponential moving average of $39.69
LPL Financial Holdings Inc. (LPLA) share price is $42.04, which is 7.1% above its 50-day exponential moving average of $39.25
According to the MACD, LPL Financial Holdings Inc. (LPLA) is currently on a Sell Signal.
Trimble Navigation Limited (TRMB) share price is $35.43, which is 8.4% above its 8-day exponential moving average of $32.69
Trimble Navigation Limited (TRMB) share price is $35.43, which is 12.6% above its 50-day exponential moving average of $31.46
According to the MACD, Trimble Navigation Limited (TRMB) is currently on a Buy Signal.
The VIX figure is 10.82. This is 38.2% 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 1.3123. This is 48.8% 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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