Index Support and Resistance for Monday, 12/7/2015

  The Energy Sector, after OPEC’s decision to continue down the market share path, without any regard to potentially lower crude prices,  was the only down sector on Friday.  Approximately 53% of Energy Sector companies were down more than 2 percent with an additional 22 percent down between zero to 2 percent.   On the plus side, eighteen percent of the Energy Sector  companies were up between zero and two percent, while approximately seven percent of Energy Sector companies were up more than two percent.
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I.  Performance of the Indexes from Friday, 12/4/2015

Index chart 20151204

  • Dow Jones   17,847.63  +369.96  (2.12%)  (chart: blue)
  • Nasdaq       5,142.27  +104.74  (2.08%)  (chart: gold)
  • S&P 500      2,091.69   +42.07  (2.05%)   (chart: red)
  • Rus 1k (RUI)  1,159.27  +22.09 (1.94%)
  • Rus 2k (RUT)  1,183.40  +12.83 (1.10%)
  • Rus 3k (RUA)  1,236.90  +22.78 (1.88%)
  • CBOE (TNX)       22.75  -0.55 (-2.36%)
  • Volatility (VIX) 14.81  -3.30 (-18.22%)
 I. a. Select stocks of interest, from Friday, 12/4/2015
  • C    55.09  +1.58 (2.95%)   After Hours: 55.15 +0.06 (0.11%)
  • CHK   4.55  -0.32 (-6.67%)
  • GE   30.48  +0.45 (1.50%)
  • MU   15.50  -0.11 (-0.70%)   After Hours: 15.45 -0.05 (-0.32%)
  • VRNG  3.21  +0.05 (1.58%)
 I. b. Sector summary from Friday, 12/4/2015
  • Sector Change +/-% (best (or least worst) to worst)
  • Healthcare ………………………………….. +2.04%
  • Technology …………………………… +1.92%
  • Financials …………………………….. +1.91%
  • Non-Cyclical Cons. Goods …………. +1.83%
  • Cyclical Cons. Goods ………………… +1.66%
  • Telecommunications Srvcs ………… +1.27%
  • Industrials …………………………….. +1.20%
  • Basic Materials ……………………….. +1.19%
  • Utilities ………………………………… +0.70%
  • Energy  …. ( down ) …………………….      -1.37%
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 12/3/2015
  •   USA  Bonds
  • 3 Month  0.21%  0.00 (0.00%)
  • 6 Month  0.43%  +0.03 (7.50%)
  • 2 Year  0.94%  +0.01 (1.08%)
  • 5 Year  1.72%  0.00 (0.00%)
  • 10 Year  2.27%  -0.03 (-1.30%)
  • 30 Year  3.01%  -0.06 (-1.95%)
 III.  Index Support and Resistance for Monday, 12/7/2015
 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 12/4 up @ 17847.63
  • :: Pivot point   17732.26
  • Support (s1)  17598.05     Support (s2)   17348.47
  • Resistance (r1)   17981.84   Resistance (r2)   18116.05
  • Simple Moving Average (Close 50):    17382.95
  • 52 week performance   -0.29%  YTD performance  +0.14%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  •   Closed 12/4 up @ 5142.27
  • :: Pivot point   5110.92
  • Support (s1)  5074.84       Support (s2)  5007.41
  • Resistance (r1)  5178.35    Resistance (r2)  5214.43
  • Simple Moving Average (Close 50):  4956.32
  • 52 week performance +7.56%  YTD performance  +8.58%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  •   Closed 12/4 up @ 2091.69
  • :: Pivot point  2078.92
  • Support (s1)  2064.01        Support (s2)  2036.32
  • Resistance (r1) 2106.61      Resistance (r2)  2121.52
  • Simple Moving Average (Close 50):  2044.24
  • 52 week performance  +0.79%  YTD performance  +1.59%
  • :: Projected High: 2,067.31,   Projected Low: 2,024.66

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

  • Closed 12/4 up @ 1159.27
  • :: Pivot point   1152.42
  • Support (s1)  1144.44    Support (s2)  1129.61
  • Resistance (r1)  1167.25  Resistance (r2)  1175.23
  • Simple Moving Average (Close 50):   1127.74
  • 52 week performance  +0.77%  YTD performance  +1.30%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  •   Closed 12/4 up @ 1183.40
  • :: Pivot point  1179.24
  • Support (s1)  1174.65     Support (s2)  1165.91
  • Resistance (r1) 1187.98   Resistance (r2)  1192.57
  • Simple Moving Average (Close 50):  1162.70
  • 52 week performance +0.08%  YTD performance  -1.77%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  •   Closed 12/4 up @ 1236.90
  • :: Pivot point   1229.83
  • Support (s1) 1221.60   Support (s2)  1206.31
  • Resistance (r1)  1245.12   Resistance (r2)  1253.35
  • Simple Moving Average (Close 50):   1209.92
  • 52 week performance +1.34%  YTD performance  +1.04%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  •   Closed 12/4 down @ 22.75
  • :: Pivot point    22.97
  • Support (s1)  22.39      Support (s2)  22.02
  • Resistance (r1)  23.34    Resistance (r2)  23.92
  • Simple Moving Average (Close 50):  21.58
  • Simple Moving Average (Close 200)  21.92
  • :: Close ( 2 days) above/below (+/-) sma200  +0.834 (+3.803%) 
  • :: 52 week performance -1.39%  YTD performance  +4.84%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  •   Closed 12/4 down @ 14.81
  • :: Pivot point    15.72
  • Support (s1)  13.78      Support (s2)  12.76
  • Resistance (r1)  16.74    Resistance (r2)  18.68
  • Simple Moving Average (Close 50):  17.06
  • :: 52 week performance +4.22%  YTD performance  -22.86%

  _______

IV.  Index “projected” Highs and Lows for Monday, 12/7/2015

 
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,    18,048.95      17,665.16
  •   Nasdaq,             5,196.39        5,092.88
  •   S&P 500,           2,114.07        2,071.47
  •   Russell 1000,   1,171.24         1,148.43
  •   Russell 2000,  1,190.28         1,176.95
  •   Russell 3000,  1,249.24         1,225.72
  •   CBOE TNX,         23.16    22.21
  •   Volatility,           16.23    13.27
     ———— Monday, 12/7/2015 —————-
 Please read:
 (4) Chesapeake Energy Corp (NYSE: CHK)
  Have a great day investing, or trading …
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