Index Support and Resistance for Wednesday, 12/23/2015

  It looks like last Thursday and Friday’s Quadruple Witching Expiration cleared out year end tax selling too.  Monday’s rallies pushed indexes above their respective pivot points and the S&P 500’s (.SPX) Golden Cross laid the groundwork for Tuesday’s continuation, whereby all ten sectors closed the day in the green.  The DJIA, the Nasdaq, the S&P500, the Russell 1000, Russell 2000, Russell 3000 …   all closed above both r1 and r2 resistance which is Mr. & Ms. Fickle Markets bullish!  Looking for more of the same for Wednesday, the last full trading day before Christmas, with an early close on Thursday.  So far E-mini futures, last night and this morning indicate a positive, green, open for USA markets.
  • S&P 500 (.SPX) pivot point “Buy” signal on yesterday’s close.
  •  Russell 3000 (RUA) pivot point “Buy” signal on yesterday’s close.
  GLTA
     –   –   –   –           –   –   –   –           –   –   –   –
I.  Performance of the Indexes from Tuesday, 12/22/2015
      Index chart 20151222
  • Dow Jones    17,417.27  +165.65  (+0.96%)  (chart: blue)
  • Nasdaq        5,001.11   +32.19  (+0.65%)  (chart: gold)
  • S&P 500       2,038.97   +17.82  (+0.88%)  (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)  1,128.75    +9.76  (0.87%)
  • Rus 2k (RUT)  1,137.69    +9.94  (0.88%)
  • Rus 3k (RUA)  1,203.17   +10.42  (0.87%)
  • CBOE (TNX)       22.39    +0.42  (1.91%)
  • Volatility (VIX) 16.60    -2.10 (-11.23%)
 I. a. Select stocks of interest, from Tuesday, 12/22/2015
  • C      52.03  +0.24 (+0.46%)   After Hours: 52.13 +0.10 (+0.19%)
  • CHK*     3.98  -0.08 (-1.85%)   After Hours: 4.05 +0.07 (1.63%)
  • GE     30.50  +0.10 (+0.33%)   After Hours: 30.49 -0.01 (-0.03%)
  • MU     14.61  -0.16 (-1.08%)   After Hours: 13.76 -0.85 (-5.82%)
  • VRNG    2.40  -0.02 (-0.83%)   After Hours: 2.23 -0.17 (-7.08%)
     –   –   –   –           –   –   –   –           –   –   –   –
 I. b. Sector summary from Tuesday, 12/22/2015
  • Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials ……………………. +1.60%
  • Energy  ……………………………….+1.18%
  • Industrials …………………………. +1.06%
  • Non-Cyclical Cons. Goods ………. +1.04%
  • Utilities ……………………………… +0.95%
  • Cyclical Cons. Goods …………….. +0.80%
  • Financials ………………………….. +0.70%
  • Technology …………………………. +0.58%
  • Telecommunications Srvcs ……… +0.55%
  • Healthcare  …………………………. +0.49%
 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 12/22/2015
  •   USA  Bonds
  • 3 Month  0.20%  -0.02 (-9.09%)
  • 6 Month  0.45%  -0.01 (-2.17%)
  • 2 Year  0.97%  0.00 (0.00%)
  • 5 Year  1.70%  +0.01 (0.59%)
  • 10 Year  2.24%  +0.02 (0.90%)
  • 30 Year  2.96%  +0.02 (0.68%)
 III.  Index Support and Resistance for Wednesday, 12/23/2015
  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 12/22 up @ 17417.27
  •   :: Pivot point   17370.41
  •   Support (s1)  17289.72     Support (s2)   17162.16
  •   Resistance (r1)   17497.97   Resistance (r2)   17578.66
  •   Simple Moving Average (Close 50):    17580.06
  •   52 week performance   -3.02%  YTD performance -2.28%
  •   :: ( DJIA pivot point chart )
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  Closed 12/22 up @  5001.11
  •   :: Pivot point   4990.99
  •   Support (s1)  4974.20       Support (s2)  4947.30
  •   Resistance (r1)  5017.89    Resistance (r2)  5034.68
  •   Simple Moving Average (Close 50):  5028.57
  •   52 week performance +4.95%  YTD performance  +5.60%
  •   :: ( Nasdaq pivot point chart )
( 3) For the S&P 500 (INDEX SPX: .INX) (ETF: SPY)
  Closed 12/22 up @ 2038.97
  •   :: Pivot point  2034.07
  •   Support (s1)  2025.39        Support (s2)  2011.82
  •   Resistance (r1) 2047.64      Resistance (r2)  2056.32
  •   Simple Moving Average (Close 50):  2063.12
  •   52 week performance  -2.07%  YTD performance  -0.97%
  •   :: Projected High: 2,051.98,   Projected Low:  2,029.73
  •   :: ( S&P500 pivot point chart )

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

  •   Closed 12/22 up @ 1128.75
  •   :: Pivot point   1126.12
  •   Support (s1)  1121.30    Support (s2)  1113.85
  •   Resistance (r1)  1133.57  Resistance (r2)  1138.39
  •   Simple Moving Average (Close 50):   1143.61
  •   52 week performance  -2.17%  YTD performance  -1.36%
  •   :: ( Russell 1000 pivot point chart )
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  Closed 12/22 up @ 1137.69
  •   :: Pivot point  1133.34
  •   Support (s1)  1128.02     Support (s2)  1118.36
  •   Resistance (r1) 1143.00   Resistance (r2)  1148.32
  •   Simple Moving Average (Close 50):  1164.84
  •   52 week performance  -5.38%  YTD performance  -5.56%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  Closed 12/22 up @ 1203.17
  •   :: Pivot point   1200.22
  •   Support (s1) 1195.05   Support (s2)  1186.93
  •   Resistance (r1)  1208.34   Resistance (r2)  1213.51
  •   Simple Moving Average (Close 50):   1220.50
  •   52 week performance -2.65%  YTD performance  -1.71%
  •   :: ( Russell 3000 pivot point chart )
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  Closed 12/22 up @ 22.39
  •   :: Pivot point    22.25
  •   Support (s1)  22.11      Support (s2)  21.83
  •   Resistance (r1)  22.53    Resistance (r2)  22.67
  •   Simple Moving Average (Close 50):  21.96
  •   Simple Moving Average (Close 200)  22.00
  •   :: Close ( 1 days) above/below (+/-) sma200  +0.391 (+1.78%)
  •   :: 52 week performance -0.80%  YTD performance  +3.18%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  Closed 12/22 down @ 16.60
  •   :: Pivot point    17.14
  •   Support (s1)   16.06      Support (s2)  15.52
  •   Resistance (r1)  17.68    Resistance (r2)  18.76
  •   Simple Moving Average (Close 50):  16.76
  •   :: 52 week performance   +15.52%  YTD performance  -13.54%
     –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Wednesday, 12/23/2015
Index,  :: Projected High,  Projected Low
Dow Jones,    17,538.32      17,330.07
Nasdaq,        5,026.29 4,982.60
S&P 500,       2,051.98 2,029.73
Russell 1000,  1,135.98 1,123.71
Russell 2000,  1,145.66 1,130.68
Russell 3000,  1,210.93 1,197.64
CBOE TNX,         22.60    22.18
Volatility,       17.41    15.79
     ———— Wednesday, 12/23/2015  —————-
( x)   All Links can be opened in a new tab or new window …

( 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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