DIN Newsletter for December 1, 2017

This article was originally published on this site

Stock Of The Day: Buy or Sell?

Phillips 66 (PSX) is a Buy

Chart for PSX

Risk levels may be somewhat lower than normal.


CHARTS OF THE DAY

Abercrombie [ANF]

Chart for ANF

ANF share price is $17.36, which is 22% above its 21-day moving average of $14.17.

ANF share price is $17.36, which is 24% above its 50-day moving average of $14.04.

ANF share price is $17.36, which is 41% above its 200-day moving average of $12.33.


Wheaton Precious Metals [WPM]

Chart for WPM

WPM share price is $20.88, which is 0% above its 21-day moving average of $20.80.

WPM share price is $20.88, which is 3% above its 50-day moving average of $20.33.

WPM share price is $20.88, which is 3% above its 200-day moving average of $20.18.


Eli Lilly [LLY]

Chart for LLY

LLY share price is $84.64, which is 1% above its 21-day moving average of $83.56.

LLY share price is $84.64, which is 0% below its 50-day moving average of $84.68.

LLY share price is $84.64, which is 2% above its 200-day moving average of $82.68.



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 0.0014. This is 99.8% below 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 11.28. This is 28% below the historic median figure of 15.67.

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.