Index Support and Resistance for Friday, 12/18/2015

  Friday’s “quadruple-witching,” when options on stocks, indexes, futures on indexes and stocks …  all expire on the same day, today, which can, and no doubt will exacerbate volatility.  Thursday, the S&P 500 closed with 13 new 52-week highs vs 24 new lows.  The Nasdaq closed with 46 new highs and 104 new lows.  Do not blame the Fed, yesterday and today is all about 353 million worth of options contracts that will expire.  The key level to watch for on Friday’s last hour of regular trading is S&P 500 at 2025.
I.  Performance of the Indexes from Thursday, 12/17/2015
Index chart 20151217
.DJI, .IXIC, .SPX
  • Dow Jones    17,495.84  -253.25  (-1.43%)  (chart: blue)
  • Nasdaq        5,002.55   -68.58  (-1.35%)  (chart: gold)
  • S&P 500       2,041.89   -31.18  (-1.50%)  (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)  1,130.05  -17.07 (-1.49%)
  • Rus 2k (RUT)  1,135.36  -13.61 (-1.18%)
  • Rus 3k (RUA)  1,204.25  -17.90 (-1.46%)
  • CBOE (TNX)       22.38  -0.49 (-2.14%)
  • Volatility (VIX)  18.94  +1.08 (6.05%)
 I. a. Select stocks of interest, from Thursday, 12/17/2015
  •   MU     14.32  +0.25 (1.78%)   After Hours: 14.26 -0.06 (-0.42%)
 I. b. Sector summary from Thursday, 12/17/2015
  • Sector Change +/-% (best (or least worst) to worst)
  • Utilities ………………………….  -0.13%
  • Non-Cyclical Cons. Goods ……………… -1.00%
  • Healthcare ………………………………….  -1.19%
  • Financials …………………………………..  -1.22%
  • Technology …………………………………  -1.34%
  • Telecommunications Srvcs ……………… -1.48%
  • Industrials ………………………………….  -1.54%
  • Cyclical Cons. Goods ……………………… -1.75%
  • Basic Materials …………………  -2.70%
  • Energy ……………………………  -2.71%
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 12/17/2015
  •   USA  Bonds 
  • 3 Month  0.23%  -0.01 (-4.17%)
  • 6 Month  0.47%  +0.01 (2.17%)
  • 2 Year  0.98%  -0.02 (-2.00%)
  • 5 Year  1.70%  -0.03 (-1.73%)
  • 10 Year  2.22%  -0.03 (-1.33%)
  • 30 Year  2.93%  -0.03 (-1.01%)
  •    Prec Metal,        Last,    Change,  %chg
  •  …………………………………….      
  •  Spot gold          1054.4     3.04     0.29
  •  Spot silver         13.77     0.07     0.51
  •  Spot platinum      843.75     0.08     0.01
  •  Spot palladium      551.8       -2    -0.36
  •  Comex gold         1053.3      3.7     0.35
  •  Comex silver       13.745    0.042     0.31
  • as of approximately 10:30 PM ET Thursday, 12/17/2015
 III.  Index Support and Resistance for Friday, 12/18/2015
 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 12/17 down @ 17495.84
  •   :: Pivot point   17595.37
  •   Support (s1)  17393.97     Support (s2)   17292.11
  •   Resistance (r1)   17697.23   Resistance (r2)   17898.63
  •   Simple Moving Average (Close 50):    17569.88
  •   52 week performance   +0.80%  YTD performance -1.84%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  •   Closed 12/17 down @  5002.55
  •   :: Pivot point   5031.23
  •   Support (s1)  4973.87       Support (s2)  4945.20
  •   Resistance (r1)  5059.90    Resistance (r2)  5117.26
  •   Simple Moving Average (Close 50):  5020.31
  •   52 week performance +5.35%  YTD performance  +5.63%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  •   Closed 12/17 down @ 2041.89
  •   :: Pivot point  2053.31
  •   Support (s1)  2030.24        Support (s2)  2018.60
  •   Resistance (r1) 2064.96      Resistance (r2)  2088.02
  •   Simple Moving Average (Close 50):  2062.52
  •   52 week performance  -0.94%  YTD performance  -0.83%
  •   :: Projected High: 2,059.13,   Projected Low:  2,024.42
( 4) For the Russell 1000 (INDEX RUSSELL: RUI)
  •   Closed 12/17 down @ 1130.05  :: Pivot point   1136.24
  •   Support (s1)  1123.78    Support (s2)  1117.50
  •   Resistance (r1)  1142.52  Resistance (r2)  1154.98
  •   Simple Moving Average (Close 50):   1143.73
  •   52 week performance  +1.07%  YTD performance  -1.25%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  •   Closed 12/17 down @ 1135.36
  •   :: Pivot point  1140.70
  •   Support (s1)  1130.01     Support (s2)  1124.65
  •   Resistance (r1) 1146.06   Resistance (r2)  1156.75
  •   Simple Moving Average (Close 50):  1166.70
  •   52 week performance  -4.76%  YTD performance  -5.76%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  •   Closed 12/17 down @ 1204.25
  •   :: Pivot point   1210.78
  •   Support (s1) 1197.67   Support (s2)  1191.08
  •   Resistance (r1)  1217.37   Resistance (r2)  1230.48
  •   Simple Moving Average (Close 50):   1220.73
  •   52 week performance -1.98%  YTD performance  -1.62%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  •   Closed 12/17 down @ 22.38
  •   :: Pivot point    22.48
  •   Support (s1)  22.21      Support (s2)  22.04
  •   Resistance (r1)  22.65    Resistance (r2)  22.92
  •   Simple Moving Average (Close 50):  21.89
  •   Simple Moving Average (Close 200)  22.00
  •   :: Close ( 4 days) above/below (+/-) sma200  +0.384 (+1.744%)
  •   :: 52 week performance +1.54%  YTD performance  -3.13%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  •   Closed 12/17 up @ 18.94
  •   :: Pivot point    18.04
  •   Support (s1)   17.03      Support (s2)  15.12
  •   Resistance (r1)  19.95    Resistance (r2)  20.96
  •   Simple Moving Average (Close 50):  16.65
  •   :: 52 week performance   +14.86%  YTD performance  -1.35%

  _______

 IV.  Index “projected” Highs and Lows for Friday, 12/18/2015 

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,    17,646.30      17,343.04
  •   Nasdaq,        5,045.57 4,959.54
  •   S&P 500,       2,059.13 2,024.42  12/17
  •   Russell 1000,  1,139.38 1,120.64
  •   Russell 2000,  1,143.38 1,127.33
  •   Russell 3000,  1,214.08 1,194.38
  •   CBOE TNX,         22.57    22.13
  •   Volatility,       20.46    17.54
———— Friday, 12/18/2015 —————-

( 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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One thought on “Index Support and Resistance for Friday, 12/18/2015

  1. I. Performance of the Indexes from Friday, 12/18/2015

    Dow Jones 17,128.55 -367.29 (-2.10%) (chart: blue)
    Nasdaq 4,923.08 -79.47 (-1.59%) (chart: gold)
    S&P 500 2,005.55 -36.34 (-1.78%) (chart: red)
    ——————————————-
    Rus 1k (RUI) 1,110.74 -19.31 (-1.71%)
    Rus 2k (RUT) 1,121.02 -14.34 (-1.26%)
    Rus 3k (RUA) 1,184.08 -20.17 (-1.67%)
    CBOE (TNX) 21.99 -0.39 (-1.74%)
    Volatility (VIX) 20.70 +1.76 (9.29%)

    I. a. Select stocks of interest, from Friday, 12/18/2015

    C 51.20 -1.64 (-3.10%)
    CHK 4.03 +0.31 (+8.33%)
    GE 30.31 -0.24 (-0.80%)
    MU 14.36 +0.04 (+0.28%)
    VRNG 2.56 +0.06 (+2.40%)

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