DIN Newsletter for June 12, 2017

This article was originally published on this site

Stock Of The Day: Buy or Sell?

Johnson Controls (JCI) is a Buy

Chart for JCI

Risk levels may be somewhat lower than normal.


CHARTS OF THE DAY

Kennametal Inc. [KMT]

Chart for KMT

KMT share price is $41.91, which is 8% above its 21-day moving average of $38.84.

KMT share price is $41.91, which is 7% above its 50-day moving average of $39.15.

KMT share price is $41.91, which is 22% above its 200-day moving average of $34.47.


SPDR S&P International Energy Sector ETF [IPW]

Chart for IPW

IPW share price is $18.14, which is 1% below its 21-day moving average of $18.37.

IPW share price is $18.14, which is 1% below its 50-day moving average of $18.24.

IPW share price is $18.14, which is 1% above its 200-day moving average of $18.05.


iShares Microcap ETF [IWC]

Chart for IWC

IWC share price is $87.88, which is 2% above its 21-day moving average of $85.75.

IWC share price is $87.88, which is 3% above its 50-day moving average of $85.56.

IWC share price is $87.88, which is 6% above its 200-day moving average of $82.53.



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 1.3305. This is 50.6% 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.


S&P Earnings Growth

Chart for S&P Earnings Growth

The S&P Earnings Growth is 9.27. This is 0% above the historic median figure of 9.27.

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 10.70. This is 38.8% 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.