DIN Newsletter for December 7, 2017

This article was originally published on this site

Stock Of The Day: Buy or Sell?

Pioneer Natural (PXD) is a Sell

Chart for PXD

Risk levels may be somewhat higher than normal and additional caution is warranted.


CHARTS OF THE DAY

Planet Fitness [PLNT]

Chart for PLNT

PLNT share price is $31.67, which is 3% above its 21-day moving average of $30.67.

PLNT share price is $31.67, which is 12% above its 50-day moving average of $28.22.

PLNT share price is $31.67, which is 34% above its 200-day moving average of $23.66.


Nuveen Municipal Credit Income [NZF]

Chart for NZF

NZF share price is $15.43, which is 1% above its 21-day moving average of $15.22.

NZF share price is $15.43, which is 2% above its 50-day moving average of $15.18.

NZF share price is $15.43, which is 3% above its 200-day moving average of $14.94.


Algoma Central [ALC.TO]

Chart for ALC.TO

ALC.TO share price is $14.37, which is 1% above its 21-day moving average of $14.17.

ALC.TO share price is $14.37, which is 9% above its 50-day moving average of $13.15.

ALC.TO share price is $14.37, which is 14% above its 200-day moving average of $12.66.



Economic Indicators

Total Market Cap / GDP

Chart for Total Market Cap / GDP

The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.3990. This is 56.7% 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.


S&P Earnings Growth

Chart for S&P Earnings Growth

The S&P Earnings Growth is 19.67. This is 79.1% above the historic median figure of 10.98.

When the S&P Earnings Growth trends higher, the stock market is perceived to have lower risk.


Sentiment

VIX

Chart for VIX

The VIX figure is 11.02. This is 29.6% below the historic median figure of 15.65.

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.

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