Index Support and Resistance for Tuesday, 11/17/2015

 

 

 

Sympathies to France and the families of those lost and wounded.

 

The trials and tribulations in Paris, France are certain to be reflected in tomorrow’s press coverage and USA Markets early on … taking the majority of stocks, on a wild ride. Sadly, that was the terrorists goal, wreak havoc, and keep the fearful hiding in their homes, under their beds. We need to show them that we will not be hiding in our homes, under our beds … not yesterday, not today, and not tomorrow.  Stable global markets, or even a rally, would send the terrorists a message that they will not win.

Despite Paris, and the global stock markets reaction, the USA stock market indexes and all 10 S&P 500 sectors closed higher on Monday, led by gains in energy companies as the price of oil turned higher after a recent pullback. Defense contractors rose while travel and airlines companies fell as traders responded to the terrorist attacks in Paris.

  I.  Performance of the Indexes, and select stocks of interest, from Monday, 11/16/2015

  • The Dow Jones industrial average rose 237.77 points, or 1.4 percent, to 17,483.01.
  • The Standard & Poor’s 500 index gained 30.15 points, or 1.5 percent, to 2,053.19.
  • The Nasdaq composite index added 56.73 points, or 1.2 percent, to 4,984.62.
  • Rus 1k (RUI) 1,138.61   +16.17  (1.44%)
  • Rus 2k (RUT) 1,156.08    +9.53  (0.83%)
  • Rus 3k (RUA) 1,214.36   +16.69  (1.39%)
  • CBOE (TNX)      22.73    -0.07 (-0.31%)
  • Volatility (VIX)  18.16  -1.92 (-9.56%)
  • Year to date, the Dow is down 340.06 points, or 1.9 percent.
  • Year to date, the S&P is down 5.71 points, or 0.3 percent.
  • Year to date, the Nasdaq is up 248.56 points, or 5.3 percent.

Citigroup (C)    53.69  +0.52 (0.98%)

Gen Electric (GE)   30.36  +0.08 (0.26%)   After Hours: 30.55 +0.19 (0.63%)

Micron Tech (MU)    14.89  -0.11 (-0.73%)   After Hours: 14.94 +0.05 (0.34%)

 (c) Sector summary from  Monday, (11/16/2015)

Sector Change +/-% (best (or least worst) to worst) 

  • Energy ………………… +2.99%
  • Telecommunications Srvcs … +1.81%
  • Utilities ……………… +1.75%
  • Technology …………….. +1.39%
  • Non-Cyclical Cons. Goods … +1.34%
  • Industrials ……………. +1.18%
  • Financials …………….. +1.17%
  • Cyclical Cons. Goods ……. +1.10%
  • Basic Materials ………… +0.93%
  • Healthcare …………….. +0.81%

II. Bonds, and/or Currencies, and/or Commodities from Monday, (11/16/2015)

  •  USA   Bonds
  • 3 Month  0.10%  -0.02 (-16.67%)
  • 6 Month  0.25%  0.00 (0.00%)
  • 2 Year  0.83%  0.00 (0.00%)
  • 5 Year  1.65%  +0.01 (0.61%)
  • 10 Year  2.28%  +0.02 (0.88%)
  • 30 Year  3.07%  +0.02 (0.66%)

 

III.  Index Support and Resistance for Tuesday, 11/17/2015

Below you will find the 52 week performance, and the Year-to-Date (YTD) performance to the selected indexes.  I added the 200 day simple moving average (SMA) calculations to those of the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX).  For tracking the day’s action, here are the Pivot Points, Support points, Resistance points, and the 50 day simple moving averages (sma),  for the DJIA, the NasdaqComp, the S&P 500, the Russells 1000, 2000, 3000 and the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX).

If the related index, or stock, is above the pivot point, the pivot point is both support, and an indication that Mr. & Ms. Fickle Markets are Bullish.  If the related Index, or stock, is below the pivot point, then the pivot point represents resistance, as well as an indication that Mr. & Ms. Fickle Markets are Bearish.

 ( 1)  For the DJIA  (INDEX DJX: .DJI) (ETF: DIA) Closed 11/16 up @ 17,483.01

  • Pivot point   17392.15
  •   Support (s1)  17301.29   Support (s2)   17119.57
  •   Resistance (r1)   17573.87   Resistance (r2)   17664.73
  •   Simple Moving Average (Close 50):    17031.12
  •   52 week performance  -0.86%  YTD performance  -1.91%

( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ) Closed 11/16 up @ 4984.62

  • Pivot point  4959.40 
  •   Support (s1)  4933.88       Support (s2) 4883.15
  •   Resistance (r1)  5010.13    Resistance (r2)  5035.65
  •   Simple Moving Average (Close 50):  4879.99
  •   52 week performance +3.71%  YTD performance  +5.25%

( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY) Closed 11/16 up @ 2053.19

  • Pivot point  2041.93 
  •   Support (s1)  2030.65        Support (s2)  2008.10
  •   Resistance (r1) 2064.48      Resistance (r2)  2075.76
  •   Simple Moving Average (Close 50):  2011.16
  •   52 week performance +0.58%  YTD performance  -0.28%         
  •   :: Projected High: 2070.12, Projected Low: 2036.29

( 4) For the Russell 1000 (INDEX RUSSELL: RUT) Closed 11/16 up @ 1138.61

  • Pivot point   1132.53
  •   Support (s1)  1126.45    Support (s2)  1114.29
  •  Resistance (r1)  1144.69  Resistance (r2)  1150.77
  •   Simple Moving Average (Close 50):   1111.15
  •   52 week performance -0.94%  YTD performance  -2.10%

( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM) Closed 11/16 up @ 1156.08

  • Pivot point  1151.02  
  •   Support (s1)  1145.82     Support (s2)  1135.56
  •   Resistance (r1) 1161.28   Resistance (r2)  1166.48
  •   Simple Moving Average (Close 50):  1154.90
  •   52 week performance -0.70%  YTD performance  -4.04%      

( 6) For the Russell 3000 (INDEX RUSSELL: RUA) Closed 11/16 up @ 1214.36

  • Pivot point   1208.06 
  •   Support (s1) 1201.77    Support (s2)  1189.17
  •   Resistance (r1)  1220.66   Resistance (r2)  1226.95
  •   Simple Moving Average (Close 50):   1193.92
  •   52 week performance -0.23%  YTD performance  -2.17%

( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX) Closed 11/16 down @ 22.73

  • Pivot point    22.63 
  •  Support (s1)  22.53      Support (s2)  22.33
  •  Resistance (r1)  22.83    Resistance (r2)  22.93
  •  Simple Moving Average (Close 50):  21.44
  •  Simple Moving Average (Close 200)  21.72
  •    Close (13 days) above/below (+/-) sma200  +1.010 (+4.648%)
  •  :: 52 week performance -2.86%  YTD performance  +4.75%

( 8) For the Volatility S&P500 (INDEX CBOE: VIX) Closed 11/16 down @ 18.16

  • Pivot point    18.65 
  •  Support (s1)  16.76      Support (s2)  15.35
  •  Resistance (r1)  20.06    Resistance (r2)  21.95
  •  Simple Moving Average (Close 50):  18.85
  •  :: 52 week performance +31.02%  YTD performance  +5.42%

—————————- for Tuesday, 11/17/2015

Please read:

(1) Research and Investing Disclaimer
 
(2) Investing and Trading
Have a great day investing, or trading …

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2 thoughts on “Index Support and Resistance for Tuesday, 11/17/2015

  1. General Electric (GE) ($30.40 +0.04 +0.16% vol: 110,452,483 at approximately 10:25 AM ET) announced the final results of its exchange offer for shares of Synchrony Financial (SYF), saying it was 3.2 times oversubscribed. The exchange completes the exit of GE from the consumer finance company.

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  2. Performance of the Indexes, and select stocks of interest, from Tuesday, 11/17/2015

    Dow Jones (.DJI) 17,489.50 +6.49 (0.04%)

    S&P 500 (.SPX) 2,050.44 -2.75 (-0.13%)

    Nasdaq Comp 4,986.02 +1.40 (0.03%)

    Rus 1k (RUI) 1,137.02 -1.59 (-0.14%)

    Rus 2k (RUT) 1,153.21 -2.87 (-0.25%)

    Rus 3k (RUA) 1,212.56 -1.80 (-0.15%)

    CBOE (TNX) 22.61 -0.12 (-0.53%)

    Volatility S&P500 (VIX) 18.84 +0.68 (3.74%)

    Select Stocks of interest

    C 53.49 -0.20 (-0.37%)

    GE 30.31 -0.05 (-0.16%)

    MU 15.28 +0.39 (2.62%) After Hours: 15.36 +0.08 (0.52%)

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