Index Support and Resistance for Wednesday, 12/16/2015

    Top officials at the Federal Reserve began a two-day policy meeting on Tuesday that is expected to end with the first U.S. interest rate increase since 2006.  The meeting began Tuesday at approximately 1 PM ET. The Fed is due to issue a statement at the conclusion of the meeting today, at approximately 2 PM ET.  There are good to great arguments, globally and USA domestically,  both to raise Fed rates … and to not raise Fed rates.  Flip a coin.
  However, Mr. & Ms. Fickle Markets seem to be favoring a raise in the Fed funds rate, as all 10 sectors closed up.  PLUS ….
  •  Last night, at the close we got: 
  •   a pivot point long entry signal for the DJIA (.DJI)
  •   a pivot point long entry signal for the Nasdaq (.IXIC)
  •   a pivot point long entry signal for the S&P 500 (.SPX) 
  •   a pivot point long entry signal for the Russell 1000 (.RUI) 
  •   a pivot point long entry signal for the Russell 3000 (.RUA)
      —  GLTA   —
 I.  Performance of the Indexes from Tuesday, 12/15/2015
Index chart 20151215
.DJI, .IXIC, .SPX thru 12/15/2015
  • Dow Jones    17,524.91  +156.41  (+0.90%)  (chart: blue)
  • Nasdaq        4,995.36   +43.13  (+0.87%)  (chart: gold)
  • S&P 500       2,043.41   +21.47  (+1.06%)  (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)  1,130.71   +12.08  (+1.08%)
  • Rus 2k (RUT)  1,131.55   +15.69  (+1.41%)
  • Rus 3k (RUA)  1,204.60   +13.16  (+1.10%)
  • CBOE (TNX)       22.68    +0.43  (+1.93%)
  • Volatility (VIX)  20.95  -1.78 (-7.83%)
I. a. Select stocks of interest, from Tuesday, 12/15/2015
  • C      52.51  +1.41 (+2.76%)   After Hours: 52.65 +0.14 (0.27%)
  • CHK     3.76  -0.24 (-6.12%)   After Hours: 3.80 +0.04 (1.20%)
  • GE     30.32  +0.06 (+0.20%)
  • MU     14.18  +0.52 (+3.81%)   After Hours: 14.20 +0.02 (0.14%)
  • VRNG    2.36  +0.15 (+6.79%)
 I. b. Sector summary from Tuesday, 12/15/2015
  • Sector Change +/-% (best (or least worst) to worst)
  • Energy  ……………………….. +2.41%
  • Financials …………………….  +1.88%
  • Healthcare ……………………  +1.51%
  • Utilities ……………………….  +1.01%
  • Telecommunications Srvcs ……… +0.82%
  • Basic Materials  ……………………   +0.76%
  • Non-Cyclical Cons. Goods ……….. +0.68%
  • Cyclical Cons. Goods ………………. +0.61%
  • Technology …………………………..  +0.44%
  • Industrials ……………………………  +0.35%

 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 12/15/2015

  •   USA  Bonds 
  • 3 Month  0.25%  -0.01 (-3.85%)
  • 6 Month  0.52%  -0.01 (-1.89%)
  • 2 Year  0.97%  -0.02 (-2.02%)
  • 5 Year  1.69%  -0.01 (-0.59%)
  • 10 Year  2.27%  -0.01 (-0.44%)
  • 30 Year  2.99%  -0.02 (-0.66%)
 III.  Index Support and Resistance for Wednesday, 12/16/2015
 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 12/15 up @ 17524.91
  •   :: Pivot point   17497.91
  •   Support (s1)  17368.18     Support (s2)   17211.46
  •   Resistance (r1)   17654.63   Resistance (r2)   17784.36
  •   Simple Moving Average (Close 50):    17543.72
  •   52 week performance   +2.00%  YTD performance -1.67%
  •   :: ( DJIA pivot point chart )
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  •   Closed 12/15 up @ 4995.36
  •   :: Pivot point   5002.96
  •   Support (s1)  4979.39       Support (s2)  4963.41
  •   Resistance (r1)  5018.94    Resistance (r2)  5042.51
  •   Simple Moving Average (Close 50):  5009.63
  •   52 week performance +9.84%  YTD performance  +5.48%
  •   :: ( Nasdaq pivot point chart )
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  •   Closed 12/15 up @ 2043.41
  •   :: Pivot point  2040.94
  •   Support (s1)  2028.02        Support (s2)  2012.6
  •   Resistance (r1) 2056.34      Resistance (r2)  2069.26
  •   Simple Moving Average (Close 50):  2060.36
  •   52 week performance  +3.58%  YTD performance  -0.75%
  •   :: Projected High: 2,062.80,   Projected Low:  2,034.48
  •   :: ( S&P500 pivot point chart )
( 4) For the Russell 1000 (INDEX RUSSELL: RUI)
  •   Closed 12/15 up @ 1130.71
  •   :: Pivot point   1128.64
  •   Support (s1)  1121.17    Support (s2)  1111.63
  •   Resistance (r1)  1138.18  Resistance (r2)  1145.65
  •   Simple Moving Average (Close 50):   1142.44
  •   52 week performance  +2.36%  YTD performance  -1.19%
  •   :: ( Russell 3000 pivot point chart )
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  •   Closed 12/15 up @ 1131.55
  •   :: Pivot point  1127.30
  •   Support (s1)  1121.27     Support (s2)  1111.00
  •   Resistance (r1) 1137.57   Resistance (r2)  1143.60
  •   Simple Moving Average (Close 50):  1167.34
  •   52 week performance  -0.69%  YTD performance  -6.07%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  •   Closed 12/15 up @ 1204.60
  •   :: Pivot point   1202.18
  •   Support (s1) 1194.42   Support (s2)  1184.23
  •   Resistance (r1)  1212.37   Resistance (r2)  1220.13
  •   Simple Moving Average (Close 50):   1219.40
  •   52 week performance +0.74%  YTD performance  -1.59%
  •   :: ( Russell 1000 pivot point chart )
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  •   Closed 12/15 up @ 22.68
  •   :: Pivot point    22.65
  •   Support (s1)  22.41      Support (s2)  22.14
  •   Resistance (r1)  22.92    Resistance (r2)  23.16
  •   Simple Moving Average (Close 50):  21.80
  •   Simple Moving Average (Close 200)  21.98
  •   :: Close ( 2 day) above/below (+/-) sma200  +0.701 (+3.19%)
  •   :: 52 week performance +9.51%  YTD performance  -4.52%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  •   Closed 12/15 down @ 20.95
  •   :: Pivot point    20.86
  •   Support (s1)   20.11      Support (s2)  19.26
  •   Resistance (r1)  21.71    Resistance (r2)  22.46
  •   Simple Moving Average (Close 50):  16.63
  •   :: 52 week performance   +7.77%  YTD performance  +9.11%
 _______ 

 

IV.  Index “projected” Highs and Lows for Wednesday, 12/16/2015

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,    17,719.50      17,433.05
  •   Nasdaq,        5,030.73 4,991.18
  •   S&P 500,       2,062.80 2,034.48
  •   Russell 1000,  1,141.92 1,124.91
  •   Russell 2000,  1,140.59 1,124.29
  •   Russell 3000,  1,216.25 1,198.30
  •   CBOE TNX,         23.04    22.53
  •   Volatility,       22.09    20.49
———— Wednesday, 12/16/2015 —————-

( xi ) I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

 

 Please read:
 [ Blogs ]
 (4) Chesapeake Energy Corp (NYSE: CHK)
  Have a great day investing, or trading … 
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