Index Support and Resistance for Tuesday, 12/29/2015

Below you will find the Index Support and Resistance for Tuesday, 12/29/2015 as calculated from the changes in Index points through Monday’s close.  We are down to the last week of 2015 with only one full trading day, Wednesday,  and an early  Thursday close, again at 1 PM. ET.

Last night, crude oil futures stabilized after both Brent and U.S. crude prices dropped more than 3 percent on Monday. Brent edged up 0.1 percent a barrel to $36.67, though it was still not far from an 11-year low of $35.98 struck last week, while U.S. crude also added about 0.1 percent to $36.85.  Spot gold rose 0.3 percent to $1,074.40 an ounce after falling overnight in line with crude.

I.  Performance of the Indexes from Monday, 12/28/2015
 ( Indexes ) Index chart 20151228
  • Dow Jones    17,528.27  -23.90  (-0.14%)  (chart: blue)
  • Nasdaq        5,040.98   -7.51  (-0.15%)  (chart: gold)
  • S&P 500       2,056.50   -4.49  (-0.22%)  (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)  1,138.79   -2.66  (-0.23%)
  • Rus 2k (RUT)  1,148.21   -6.54  (-0.57%)
  • Rus 3k (RUA)  1,213.90   -3.15  (-0.26%)
  • CBOE (TNX)       22.25   -0.18  (-0.80%)
  • Volatility (VIX) 16.91   +1.17  (+7.43%)
 I. a. Select stocks of interest, from Monday, 12/28/2015
  • AAPL  106.82  -1.21 (-1.12%)   After Hours: 106.83 +0.01 (0.01%)
  • C      52.37  -0.34 (-0.65%)
  • CHK     4.06  -0.38 (-8.56%)   After Hours: 4.07 +0.01 (0.25%)
  • GE     30.90  +0.08 (+0.26%)   After Hours: 30.91 +0.01 (0.03%)
  • JCP     6.91  -0.05 (-0.72%)   After Hours: 6.91 0.00 (0.00%)
  • MPC    51.60  -1.04 (-1.98%)   After Hours: 51.60 0.00 (0.00%)
  • MU     14.19  -0.29 (-2.00%)   After Hours: 14.25 +0.06 (0.42%)
  • VRNG    2.71  +0.01 (+0.37%)   After Hours: 2.24 -0.47 (-17.34%)
  • VZ     46.76  +0.05 (+0.11%)

 I. b. Sector summary from Monday, 12/28/2015

  • Sector Change +/-% (best (or least worst) to worst)
  • Technology  ………………………………….. +0.06% 
  • Utilities ……………………………………….  +0.02%   
  • Non-Cyclical Cons. Goods …………….. -0.02%
  • Cyclical Cons. Goods ……………………. -0.11%
  • Industrials ………………………………..  -0.21%
  • Financials …………………………………  -0.28%
  • Telecommunications Srvcs ……………. -0.35%
  • Healthcare ………………………………..  -0.41%
  • Basic Materials …………………………..  -1.08%
  • Energy ……………………………………..  -1.96%
 II. Bonds, and/or Currencies, and/or Commodities from Monday, 12/28/2015
  •   II. a.  USA  Bonds
  • 3 Month  0.19%  -0.02 (-9.52%)
  • 6 Month  0.48%  -0.05 (-9.43%)
  • 2 Year  1.01%  -0.01 (-0.98%)
  • 5 Year  1.72%  -0.01 (-0.58%)
  • 10 Year  2.23%  0.00 (0.00%)
  • 30 Year  2.94%  -0.01 (-0.34%)
  II. b.   US Energy Information Administration   
–   –   –   –           –   –   –   –           –   –   –   –
 III.  Index Support and Resistance for Tuesday, 12/29/2015
 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 as they can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.

    –   –   –   –           –   –   –   –           –   –   –   –

( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
  Closed 12/28 down @  17528.27
  •   :: Pivot point   17500.84
  •   Support (s1)  17464.77     Support (s2)   17401.28
  •   Resistance (r1)   17564.33   Resistance (r2)   17600.40
  •   Simple Moving Average (Close 50):    17608.65
  •   52 week performance   -2.91%  YTD performance -1.65%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  Closed 12/28 down @  5040.99
  •   :: Pivot point   5027.11
  •   Support (s1)  5012.95       Support (s2)  4984.91
  •   Resistance (r1)  5055.15    Resistance (r2)  5069.31
  •   Simple Moving Average (Close 50):  5042.29
  •   52 week performance +4.87%  YTD performance  +6.44%
( 3) For the S&P 500 (INDEX SP: .INX. .SPX) (ETF: SPY)
  Closed 12/28 down @ 2056.50
  •   :: Pivot point  2052.82
  •   Support (s1)  2047.88        Support (s2)  2039.25
  •   Resistance (r1) 2061.45      Resistance (r2)  2066.39
  •   Simple Moving Average (Close 50):  2065.79
  •   52 week performance  -1.63%  YTD performance  -0.12%
  •   :: Projected High: 2,057.14,   Projected Low:  2,043.57
( 4) For the Russell 1000 (INDEX RUSSELL: RUI)
  Closed 12/28 down @ 1138.79
  •   :: Pivot point   1137.13
  •   Support (s1)  1133.47    Support (s2)  1128.16
  •   Resistance (r1)  1142.44  Resistance (r2)  1146.10
  •   Simple Moving Average (Close 50):   1145.10
  •   52 week performance  -1.84%  YTD performance  -0.49%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  Closed 12/28 down @ 1148.21
  •   :: Pivot point  1147.41
  •   Support (s1)  1140.82     Support (s2)  1133.44
  •   Resistance (r1) 1154.79   Resistance (r2)  1161.38
  •   Simple Moving Average (Close 50):  1164.71
  •   52 week performance  -5.82%  YTD performance  -4.69%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  Closed 12/28 down @ 1213.90
  •   :: Pivot point   1212.20
  •   Support (s1) 1208.08   Support (s2)  1202.25
  •   Resistance (r1)  1218.03   Resistance (r2)  1222.15
  •   Simple Moving Average (Close 50):   1221.77
  •   52 week performance -1.80%  YTD performance  -0.83%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  Closed 12/28 down @ 22.25
  •   :: Pivot point    22.28
  •   Support (s1)  22.10      Support (s2)  21.96
  •   Resistance (r1)  22.42    Resistance (r2)  22.60
  •   Simple Moving Average (Close 50):  22.10  (Golden Cross 12/24/15)
  •   Simple Moving Average (Close 200)  22.02
  •   :: Close ( 4 days) above/below (+/-) sma200  +0.234 (+1.065%)
  •   :: 52 week performance +0.82%  YTD performance  +2.53%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  Closed 12/28 up @ 16.91
  •   :: Pivot point    17.31
  •   Support (s1)   16.48      Support (s2)  16.06
  •   Resistance (r1)  17.73    Resistance (r2)  18.56
  •   Simple Moving Average (Close 50):  16.74
  •   :: 52 week performance   +6.22%  YTD performance  -11.93%
     –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Tuesday, 12/29/2015
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,    17,579.26 17,516.87
  •   Nasdaq,        5,062.23 5,020.03  12/29
  •   S&P 500,       2,057.14 2,043.57
  •   Russell 1000,  1,139.79 1,130.82
  •   Russell 2000,  1,151.10 1,137.13
  •   Russell 3000,  1,215.12 1,205.17
  •   CBOE TNX,         22.35    22.03
  •   Volatility,       17.52    16.27
—     —     —     —     —     —     —     —     —
 Hope the above Index Support and Resistance calculations for Tuesday, 12/29/2015 help your investing and trading today …
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s