Index Support and Resistance for Tuesday, 11/24/2015

Russia is upset with Turkey for shooting down one of its SU-24 Bombers which allegedly violated Turkey airspace.  Russia has been repeatedly warned about violating Turkey’s  airspace and this Russian SU-24 Bomber was a reasonably presumably armed military aircraft.   If Russia was targeting ISIS, it wouldn’t be risking flying “presumably armed”, military aircraft, into, or even near, Turkey’s airspace.  To Russia, STOP targeting the pro-Turkey, Turkey supported, rebels battling the regime of Syrian President Bashar Al-Assad.
To Russia, we haven’t forgotten the Malaysian civilian airliner shot down by the Russian advisors to Crimea/Ukrainian separatists with a Russian ground to air missile launcher and missiles.  Russia and Putin … meet “Karma.”

I.  Performance of the Indexes from Monday, 11/23/2015

  • Dow Jones   17,792.68  -31.13  (-0.17%)
  • S&P 500      2,086.59  -2.58  (-0.12%)
  • Nasdaq       5,102.48  -2.44  (-0.05%)
  • Rus 1k (RUI) 1,157.15  -1.04 (-0.09%)
  • Rus 2k (RUT) 1,180.36  +5.21 (0.44%)
  • Rus 3k (RUA) 1,234.57  -0.60 (-0.05%)
  • CBOE (TNX)      22.50  -0.12 (-0.53%)
  • Volatility (VIX)  15.62  +0.15 (0.97%)

 I. a. Select stocks of interest, from Monday, 11/23/2015

  • C    54.28  -0.47 (-0.86%)
  • CHK   5.14  +0.07 (1.28%)
  • GE   30.54  -0.12 (-0.39%)
  • MU    15.32  -0.11 (-0.71%)
  • VRNG   0.362  +0.036 (11.15%)

 I. b. Sector summary from Monday, 11/23/2015
Sector Change +/-% (best (or least worst) to worst)

  • Non-Cyclical Cons. Goods …………….. +0.60%
  • Energy …………………………….. +0.19%
  • Cyclical Cons. Goods ………………… +0.17%
  • Healthcare …………………………. -0.28%
  • Industrials ………………………… -0.32%
  • Technology …………………………. -0.36%
  • Financials …………………………. -0.44%
  • Basic Materials …………………….. -0.76%
  • Telecommunications Srvcs …………….. -0.96%
  • Utilities  …………………………. -0.96%

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 11/23/2015

  •  USA   Bonds
  • 3 Month  0.11%  +0.01 (10.00%)
  • 6 Month  0.26%  -0.01 (-3.70%)
  • 2 Year  0.90%  -0.03 (-3.23%)
  • 5 Year  1.67%  -0.04 (-2.34%)
  • 10 Year  2.24%  -0.04 (-1.75%)
  • 30 Year  3.00%  -0.02 (-0.66%)

 III.  Index Support and Resistance for Tuesday, 11/24/2015

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 Russell’s 1000, 2000, 3000,  the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX), as well as the Volatility Index  for the S&P500.

  •  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.
  •   ALL projections are for reference  only. 

 

( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)

Closed 11/23 down @ 17792.68

  • Pivot point   17804.13
  •   Support (s1)  17740.08       Support (s2)   17687.48
  •   Resistance (r1)   17856.73   Resistance (r2)   17920.78
  •   Simple Moving Average (Close 50):    17165.57
  •   52 week performance   -0.10%  YTD performance  -0.17%

( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)

Closed 11/23 down @ 5102.48

  • Pivot point   5105.14
  •   Support (s1)  5082.19       Support (s2)  5061.91
  •   Resistance (r1)  5125.42    Resistance (r2)  5148.37
  •   Simple Moving Average (Close 50):  4905.51
  •   52 week performance +7.31%  YTD performance  +7.74%

( 3) For the S&P 500 (INDEX SPX: .SPX) (ETF: SPY)

Closed 11/23 down @ 2086.59

  • Pivot point  2087.86
  •   Support (s1)  2080.12        Support (s2)  2073.64
  •   Resistance (r1) 2094.34      Resistance (r2)  2102.08
  •   Simple Moving Average (Close 50):  2023.49
  •   52 week performance  +0.83%  YTD performance  +1.34%
  •   :: Projected High: 2091.10,     Projected Low: 2076.88

( 4) For the Russell 1000 (INDEX RUSSELL: RUI)

Closed 11/23 down @ 1157.15

  • Pivot point   1157.82
  •   Support (s1)  1153.67    Support (s2)  1150.18
  •   Resistance (r1)  1161.31  Resistance (r2)  1165.46
  •   Simple Moving Average (Close 50):   1117.42
  •   52 week performance  +0.98%  YTD performance  +0.87%

( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)

Closed 11/23 up @ 1180.36

  • Pivot point  1179.51
  •   Support (s1)  1174.60     Support (s2)  1168.85
  •   Resistance (r1) 1185.26   Resistance (r2)  1190.17
  •   Simple Moving Average (Close 50):  1156.30
  •   52 week performance  -0.55%  YTD performance  -2.02%

( 6) For the Russell 3000 (INDEX RUSSELL: RUA)

Closed 11/23 down @ 1234.57

  • Pivot point   1235.18
  •   Support (s1) 1230.98    Support (s2)  1227.38
  •   Resistance (r1)  1238.78   Resistance (r2)  1242.98
  •   Simple Moving Average (Close 50):   1199.68
  •   52 week performance +0.58%  YTD performance  +0.91%

( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX) Closed 11/23 down @ 22.50

  • Pivot point    22.62
  •  Support (s1)  22.27      Support (s2)  22.03
  •  Resistance (r1)  22.86    Resistance (r2)  23.21
  •  Simple Moving Average (Close 50):  21.52
  •  Simple Moving Average (Close 200)  21.84
  •    Close (18 days) above/below (+/-) sma200  +0.665 (+3.043%) 
  •  :: 52 week performance -2.60%  YTD performance  +3.69%

( 8) For the Volatility S&P500 (INDEX CBOE: VIX)

Closed 11/23 up @ 15.62

  • Pivot point    15.91
  •  Support (s1)  15.09      Support (s2)  14.55
  •  Resistance (r1)  16.45    Resistance (r2)  17.27
  •  Simple Moving Average (Close 50):  18.10
  •  :: 52 week performance +27.51%  YTD performance  -18.65%

 

IV.  Index “projected” Highs and Lows

Index, :: Projected High,  Projected Low for Tuesday, 11/24/2015

  • Dow Jones,   17,830.43  17,713.78
  • S&P 500,      2,091.10   2,076.88
  • Nasdaq,       5,115.28   5,072.05
  • Russell 1000,  1,159.57   1,151.93
  • Russell 2000,  1,187.72   1,177.06
  • Russell 3000,  1,236.98   1,229.18
  • CBOE TNX,         22.74      22.15
  • Volatility,       16.18      14.82

—————————- Tuesday, 11/24/2015

 Please read:

(1) Research and Investing Disclaimer

 (2) Investing and Trading

 

[ Blogs ]
Have a great day investing, or trading … 

DJIA, DIA, NASDAQ COMP, QQQ, SPX, SPY, RUI, RUT, RUA, IWM, TNX, C, CHK, CMCSA, CUR, DHT, FB, GST, HPQ, IBM, INTC, JCP, KGC, LOR, MPC, MSFT, MVPI, MU, NCR, SSE, SDRL, TDC, TWC, VRNG, WDDD, XLF, FAS, FAZ, HGY, JNK, AAPL

 

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