DIN Newsletter for November 30, 2017

This article was originally published on this site

Stock Of The Day: Buy or Sell?

Public Storage (PSA) is a Sell

Chart for PSA

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


CHARTS OF THE DAY

DJ-UBS Nickel TR Sub-Idx ETN Ipath [JJN]

Chart for JJN

JJN share price is $13.72, which is 6% below its 21-day moving average of $14.60.

JJN share price is $13.72, which is 1% below its 50-day moving average of $13.89.

JJN share price is $13.72, which is 11% above its 200-day moving average of $12.40.


Fidelity MSCI Materials Index ETF [FMAT]

Chart for FMAT

FMAT share price is $34.36, which is 1% above its 21-day moving average of $33.98.

FMAT share price is $34.36, which is 2% above its 50-day moving average of $33.73.

FMAT share price is $34.36, which is 8% above its 200-day moving average of $31.71.


GSV Capital Corp [GSVC]

Chart for GSVC

GSVC share price is $6.53, which is 6% above its 21-day moving average of $6.17.

GSVC share price is $6.53, which is 12% above its 50-day moving average of $5.83.

GSVC share price is $6.53, which is 33% above its 200-day moving average of $4.91.



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 10.70. This is 31.7% 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.