DIN Newsletter for October 3, 2017

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Stock Of The Day: Buy or Sell?

National Oilwell (NOV) is a Buy

Chart for NOV

Risk levels may be somewhat lower than normal.


CHARTS OF THE DAY

Seneca Foods Corp. [SENEA]

Chart for SENEA

SENEA share price is $34.50, which is 10% above its 21-day moving average of $31.45.

SENEA share price is $34.50, which is 15% above its 50-day moving average of $30.01.

SENEA share price is $34.50, which is 1% above its 200-day moving average of $34.07.


NN Inc. [NNBR]

Chart for NNBR

NNBR share price is $29.15, which is 7% above its 21-day moving average of $27.27.

NNBR share price is $29.15, which is 9% above its 50-day moving average of $26.71.

NNBR share price is $29.15, which is 17% above its 200-day moving average of $24.93.


EV Tax Adv Global Dividend [ETG]

Chart for ETG

ETG share price is $17.18, which is 2% above its 21-day moving average of $16.92.

ETG share price is $17.18, which is 1% above its 50-day moving average of $16.97.

ETG share price is $17.18, which is 6% above its 200-day moving average of $16.16.



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 1.3582. This is 52.7% 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 16.02. This is 58.2% above the historic median figure of 10.13.

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 9.45. This is 40% below the historic median figure of 15.75.

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.