Smart Investing Today – Your Stock Market Market Digest
Why Mainstream Automakers Are Underperforming in 2Q17
In this series, we’ll see why automakers are underperforming and compare their 1Q17 earnings, sales volumes, revenues, and margins.
Common misconceptions about bond investing
Intuitive isn’t a word that’s typically used to describe fixed income markets. It’s no surprise, then, that misconceptions about bond investing are common, according to a new BlackRock survey of 417 Americans with $50,000 or more in investible …
How Auto Production in Mexico Is Trending amid Trade Fears
Mexico’s auto production rose 3.2% to 278.2 thousand vehicles in April 2017 as compared to April 2016 but decreased as compared to March 2017.
Precious Metals Snapshot
- Gold Spot Price: $1,269.00 per ounce
- Silver Spot Price: $17.47 per ounce
- Platinum Spot Price: $961.90 per ounce
- Palladium Spot Price: $795.60 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $120.54, which is 1.4% above its 50-day exponential moving average of $118.87
The RSI is 59.33 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 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 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 $16.4, which is 0.6% above its 50-day exponential moving average of $16.31
The RSI is 52.87 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 slight buying 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 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
Deckers Outdoor Corp. (DECK) share price is $67.21, which is 11.8% above its 8-day exponential moving average of $60.11
Deckers Outdoor Corp. (DECK) share price is $67.21, which is 14.7% above its 50-day exponential moving average of $58.59
According to the MACD, Deckers Outdoor Corp. (DECK) is currently on a Buy Signal.
Digimarc Corporation (DMRC) share price is $36.1, which is 4.3% above its 8-day exponential moving average of $34.62
Digimarc Corporation (DMRC) share price is $36.1, which is 17.9% above its 50-day exponential moving average of $30.62
According to the MACD, Digimarc Corporation (DMRC) is currently on a Buy Signal.
Mallinckrodt Plc (MNK) share price is $43.28, which is 4.2% above its 8-day exponential moving average of $41.53
Mallinckrodt Plc (MNK) share price is $43.28, which is 108.2% above its 50-day exponential moving average of $20.79
According to the MACD, Mallinckrodt Plc (MNK) is currently on a Buy Signal.
The VIX figure is 9.81. This is 43.9% below the historic median figure of 17.49.
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 1.3193. This is 49.5% 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 55.87.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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