Index Support and Resistance for Thursday, 12/17/2015

 Yesterday, the Fed raised rates for the first time since 2006 … and Mr. & Ms. Fickle Markets not only didn’t melt down they rallied.  Fed Chairperson Janet Yellen did a good to great job with both her explanation and her questions and answers.  Now we can focus on a possibility of a Christmas rally … while the rest of the world comes to grips as to how and when they’ll drag themselves up out of the muck.
 Speaking of dragging themselves up out of the muck …  Arab and Muslim nations, countries, and governments are banding together, … finally … to deal with extremists and terrorists that threaten us all:
  Besides Saudi Arabia, the coalition will include Jordan, the United Arab Emirates, Pakistan, Bahrain, Bangladesh, Benin, Turkey, Chad, Togo, Tunisia, Djibouti, Senegal, Sudan, Sierra Leone, Somalia, Gabon, Guinea, the Palestinians, Comoros, Qatar, Cote d’Ivoire, Kuwait, Lebanon, Libya, Maldives, Mali, Malaysia, Egypt, Morocco, Mauritania, Niger, Nigeria and Yemen.
 Better late than never …
I.  Performance of the Indexes from Wednesday, 12/16/2015

      ( DJIA, NAS, S&P500 ) Index chart 20151216

  • Dow Jones    17,749.09  +224.18  (+1.28%)  (chart: blue)
  • Nasdaq        5,071.13   +75.77  (+1.52%)  (chart: gold)
  • S&P 500       2,073.07   +29.66  (+1.45%)  (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)  1,147.11  +16.40 (1.45%)
  • Rus 2k (RUT)  1,148.97  +17.42 (1.54%)
  • Rus 3k (RUA)  1,222.15  +17.55 (1.46%)
  • CBOE (TNX)        22.87  +0.19 (0.84%)
  • Volatility (VIX)  17.86  -3.09 (-14.75%)
 I. a. Select stocks of interest, from Wednesday, 12/16/2015
  • C          53.89  +1.37 (2.61%)   After Hours: 53.97 +0.08 (0.15%)
  • CHK       3.91  +0.15 (3.99%)   After Hours: 3.90 -0.01 (-0.26%)
  • GE       30.98  +0.66 (2.18%)   After Hours: 31.01 +0.03 (0.10%)
  • MU      14.07  -0.11 (-0.78%)   After Hours: 14.07 0.00 (0.00%)
  • VRNG    2.43  +0.07 (2.97%)
 I. b. Sector summary from Wednesday, 12/16/2015
  • Sector Change +/-% (best (or least worst) to worst)
  • Utilities  ……………………………………………. +2.38%
  • Telecommunications Srvcs ………………….. +2.09%
  • Basic Materials  …………………………………. +1.91%
  • Non-Cyclical Cons. Goods ……………………. +1.75%
  • Cyclical Cons. Goods …………………………… +1.72%
  • Industrials   ……………………………………..   +1.67%
  • Financials  ………………………………………… +1.64%
  • Healthcare ………………………………………..  +1.49%
  • Technology ………………………………………  +1.26%
  • Energy ……………………………………………  +0.32%
 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 12/16/2015
  •   USA  Bonds 
  • 3 Month  0.25%  -0.01 (-3.85%)
  • 6 Month  0.48%  -0.03 (-5.88%)
  • 2 Year  1.00%  +0.03 (3.09%)
  • 5 Year  1.75%  +0.03 (1.74%)
  • 10 Year  2.30%  +0.01 (0.44%)
  • 30 Year  3.01%  0.00 (0.00%)
 III.  Index Support and Resistance for Thursday, 12/17/2015
 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 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 12/16 up @ 17749.09
  • :: Pivot point   17672.38
  • Support (s1)  17560.39     Support (s2)   17371.70
  • Resistance (r1)   17861.07   Resistance (r2)   17973.06
  • Simple Moving Average (Close 50):    17560.79
  • 52 week performance   +3.99%  YTD performance -0.42%
  • :: ( DJIA pivot point chart )
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  •   Closed 12/16 up @  5071.13
  • :: Pivot point   5047.58
  • Support (s1)  5016.18       Support (s2)  4961.22
  • Resistance (r1)  5102.54    Resistance (r2)  5133.94
  • Simple Moving Average (Close 50):  5016.08
  • 52 week performance +9.19%  YTD performance  +7.08%
  • :: ( Nasdaq pivot point chart )
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  •   Closed 12/16 up @ 2073.07
  • :: Pivot point  2064.07
  • Support (s1)  2051.43        Support (s2)  2029.78
  • Resistance (r1) 2085.72      Resistance (r2)  2098.36
  • Simple Moving Average (Close 50):  2061.94
  • 52 week performance  +2.99%  YTD performance  +0.69%
  • :: Projected High: 2,092.04,   Projected Low:  2,057.75
  • :: ( S&P500 pivot point chart )
( 4) For the Russell 1000 (INDEX RUSSELL: RUI)
  •   Closed 12/16 up @ 1147.11
  • :: Pivot point   1142.36
  • Support (s1)  1135.66    Support (s2)  1124.20
  • Resistance (r1)  1153.82  Resistance (r2)  1160.52
  • Simple Moving Average (Close 50):   1143.35
  • 52 week performance  +4.71%  YTD performance  +0.24%
  • :: ( Russell 1000 pivot point chart )
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  •   Closed 12/16 up @ 1148.97
  • :: Pivot point  1144.35
  • Support (s1)  1138.44     Support (s2)  1127.90
  • Resistance (r1) 1154.89   Resistance (r2)  1160.80
  • Simple Moving Average (Close 50):  1167.27
  • 52 week performance  -2.20%  YTD performance  -4.63%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  •   Closed 12/16 up @ 1222.15
  • :: Pivot point   1217.18
  • Support (s1) 1210.28   Support (s2)  1198.40
  • Resistance (r1)  1229.06   Resistance (r2)  1235.96
  • Simple Moving Average (Close 50):   1220.00
  • 52 week performance -0.07%  YTD performance  -0.16%
  • :: ( Russell 3000 pivot point chart )
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  •   Closed 12/16 up @ 22.87
  • :: Pivot point    22.90
  • Support (s1)  22.47      Support (s2)  22.08
  • Resistance (r1)  23.29    Resistance (r2)  23.72
  • Simple Moving Average (Close 50):  21.85
  • Simple Moving Average (Close 200)  21.99
  • :: Close ( 3 days) above/below (+/-) sma200  +0.881 (+4.006%)
  • :: 52 week performance +6.47%  YTD performance  -5.39%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  •   Closed 12/16 down @ 17.86
  • :: Pivot point    18.41
  • Support (s1)   16.57      Support (s2)  15.29
  • Resistance (r1)  19.69    Resistance (r2)  21.53
  • Simple Moving Average (Close 50):  16.62
  • :: 52 week performance   +6.25%  YTD performance  -6.98%

___                                                ____

 IV.  Index “projected” Highs and Lows for Thursday, 12/17/2015

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,    17,917.07      17,616.39
  •   Nasdaq,        5,118.24 5,031.88
  •   S&P 500,       2,092.04 2,057.75
  •   Russell 1000,  1,157.17 1,139.01
  •   Russell 2000,  1,157.85 1,141.40
  •   Russell 3000,  1,232.51 1,213.73
  •   CBOE TNX,         23.51    22.69
  •   Volatility,       19.05    15.93
     ———— Thursday, 12/17/2015 —————-
Related pivot point charts for Monday:

( 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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