Index Support and Resistance for Thursday, 12/3/2015

  The pre-market E-mini futures indicate a slightly down, to maybe even a slightly up, US markets open.

Yesterday we had:

  • Wednesday’s USA economic watch list
  • 8:10 a.m.: Atlanta Fed President Lockhart
  • 8:15 a.m.: ADP employment
  • 8:30 a.m.: Productivity and costs
  • 12:25 p.m.: Fed Chair Janet Yellen at Economic Club of Washington
  • 2:00 p.m.: Beige book
  • 3:40 pm: San Francisco Fed President John Williams on outlook
Thursday
  • 7:45 a.m.: ECB rate decision
  • The European Central Bank (ECB) is extending its QE to March 2017.  Read more here:

ECB to extend QE until at least March 2017, buy regional government bonds

  •   8:30 a.m.: ECB President Draghi news briefing
  • 8:30 a.m.: Cleveland Fed President Mester
  • 8:30 a.m.: Initial claims
  • 9:45 a.m.: Services PMI
  • 10:00 a.m.: Fed Chair Yellen at Joint Economic Committee on Economic Outlook
  • 10:00 a.m.: ISM nonmanufacturing
  • 10:00 a.m.: Factory orders
  • 1:10 p.m.: Fed Vice Chair Fischer on financial stability and shadow banks
I.  Performance of the Indexes from Wednesday, 12/2/2015
             Index chart 20151202
  • Dow Jones    17,729.68  -158.67  (-0.89%)    (chart: blue)
  • Nasdaq             5,123.22   -33.08   (-0.64%)     (chart: gold)
  • S&P 500           2,079.51    -23.12   (-1.10%)     (chart: red)
  • Rus 1k (RUI)  1,153.91   -12.74  (-1.09%)
  • Rus 2k (RUT)  1,191.69   -12.47  (-1.04%)
  • Rus 3k (RUA)  1,232.30   -13.55  (-1.09%)
  • CBOE (TNX)       21.78    +0.23  (+1.07%)
  • Volatility (VIX) 15.91    +1.24  (+8.45%)
  I. a. Select stocks of interest, from Wednesday, 12/2/2015
  • C     54.14  -0.74 (-1.35%)   After Hours: 54.30 +0.16 (0.30%)
  • CHK    5.53  +0.02 (0.36%)   After Hours: 5.52 -0.01 (-0.18%)
  • GE    29.98  -0.18 (-0.60%)   After Hours: 30.04 +0.06 (0.20%)
  • MU    15.82  -0.73 (-4.41%)   After Hours: 15.87 +0.05 (0.32%)
  • VRNG   3.16  -0.03 (-0.94%)
I. b. Sector summary from Wednesday, 12/2/2015
  • Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ………….. -0.47%
  • Technology ………………………. -0.57%
  • Cyclical Cons. Goods ……………… -0.66%
  • Healthcare ………………………. -0.78%
  • Industrials ……………………… -0.89%
  • Telecommunications Srvcs ………….. -1.07%
  • Financials ………………………. -1.16%
  • Basic Materials ………………….. -1.64%
  • Utilities ……………………….. -2.08%
  • Energy ………………………….. -2.43%
 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 12/2/2015
  •   USA  Bonds
  • 3 Month  0.17%  0.00 (0.00%)
  • 6 Month  0.36%  +0.01 (2.86%)
  • 2 Year  0.94%  +0.01 (1.08%)
  • 5 Year  1.64%  0.00 (0.00%)
  • 10 Year  2.18%  0.00 (0.00%)
  • 30 Year  2.91%  0.00 (0.00%)
 III.  Index Support and Resistance for Thursday, 12/3/2015
 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 (VIX) 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.
  • Please Note: ALL projections are for reference only. 
    _______
( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
  •   Closed 12/2 down @ 17729.68
  •   :: Pivot point   17779.82
  •   Support (s1)  17658.06      Support (s2)   17586.44
  •   Resistance (r1)   17851.44   Resistance (r2)   17973.20
  •   Simple Moving Average (Close 50):    17325.62
  •   52 week performance   -0.84%  YTD performance  -0.52%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  •   Closed 12/2 down @ 5123.22
  •   :: Pivot point   5139.05
  •   Support (s1)  5101.32       Support (s2)  5079.43
  •   Resistance (r1)  5160.94    Resistance (r2)  5198.67
  •   Simple Moving Average (Close 50):  4941.74
  •   52 week performance +7.30%  YTD performance  +8.17%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  •   Closed 12/2 down @ 2079.51
  •   :: Pivot point  2086.96
  •   Support (s1)  2069.66        Support (s2)  2059.80
  •   Resistance (r1) 2096.82      Resistance (r2)  2114.12
  •   Simple Moving Average (Close 50):  2038.57
  •   52 week performance  +0.25%  YTD performance  +1.00%
  •   :: Projected High: 2091.89,   Projected Low: 2064.73

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

  •   Closed 12/2 down @ 1153.91
  •   :: Pivot point   1157.97
  •   Support (s1)  1148.55    Support (s2)  1143.18
  •   Resistance (r1)  1163.34  Resistance (r2)  1172.76
  •   Simple Moving Average (Close 50):   1125.00
  •   52 week performance  +1.09%  YTD performance  +0.72%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  •   Closed 12/2 down @ 1191.69
  •   :: Pivot point  1195.87
  •   Support (s1)  1186.67     Support (s2)  1181.64
  •   Resistance (r1) 1200.90   Resistance (r2)  1210.10
  •   Simple Moving Average (Close 50):  1160.79
  •   52 week performance +1.08%  YTD performance  -1.08%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  •   Closed 12/2 down @ 1232.30
  •   :: Pivot point   1236.62
  •   Support (s1) 1226.63   Support (s2)  1220.95
  •   Resistance (r1)  1242.30   Resistance (r2)  1252.29
  •   Simple Moving Average (Close 50):   1207.12
  •   52 week performance +0.39%  YTD performance  +1.76%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  •   Closed 12/2 up @ 21.78
  •   :: Pivot point    21.82
  •   Support (s1)  21.64       Support (s2)  21.51
  •   Resistance (r1)  21.95    Resistance (r2)  22.13
  •   Simple Moving Average (Close 50):  21.54
  •   Simple Moving Average (Close 200)  21.89
  •   :: Close (2 days) above/below (+/-) sma200  -0.114 (-0.522%)  
  •   :: 52 week performance -4.77%  YTD performance  +0.37%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  •   Closed 12/2 up @ 15.91
    :: Pivot point    15.70
    Support (s1)  14.92      Support (s2)  13.92
    Resistance (r1)  16.70    Resistance (r2)  17.48
    Simple Moving Average (Close 50):  17.35
    :: 52 week performance +28.51%  YTD performance  -17.14%

  _______

IV.  Index “projected” Highs and Lows for Thursday, 12/3/2015

 
  • Index,  :: Projected High,  Projected Low
  • Dow Jones,    17,815.63      17,622.25
  • Nasdaq,        5,150.00 5,090.38
  • S&P 500,       2,091.89 2,064.73
  • Russell 1000,  1,160.66 1,145.87
  • Russell 2000,  1,198.39 1,184.16
  • Russell 3000,  1,239.46 1,223.79
  • CBOE TNX,         22.04    21.73
  • Volatility,       17.09    15.31
———— Thursday, 12/3/2015 —————-
 Please read:
 
 
 (4) Chesapeake Energy Corp (NYSE: CHK)
  Have a great day investing, or trading …
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