Index Support and Resistance for Monday, 1/11/2016

 Below you will find the Index Support and Resistance for Monday, 1/11/2016 as calculated from the changes in Index points through Friday, 1/8/2016’s close.   At the present time, E-mini futures are pointing to another down market open.   The same issues appear to be the culprit.  China’s faltering stock markets, China’s currency manipulation … which will lead to copycat currency moves elsewhere … which will contribute to a stronger US Dollar … which will undermine US companies exports, then there is the issue of global crude supplies undermining crude prices, and the US Energy Sector.
   As it is OUR money, here is a couple of questions, that we ALL should be asking,  for the US Securities and Exchange Commission (US SEC), the US Energy Information Administration (US EIA), the US Department of Energy (US DOE), and maybe the US Department of Justice (US DOJ)
  Is Saudi Arabia, thru its ownership of Aramco, and Aramco’s ownership of refineries across the globe, using that refinery ownership to
  •  (a) import Saudi crude … filling US storage?,
  •  (b) selling US futures against crude in storage?
  •  (c) while striving to put US Exploration and Production companies out of business … so that at some point in the future OPEC can raise prices ??
  •  Hmm!  That sounds like market manipulation to me.   How about you?
Check out the SEC  “MARKET STRUCTURE” website
“Data Visualizations”
  “Explore market metrics designed to shed light on the nature of the billions of quotes and trades that regularly occur across our equity exchanges. Create your own charts, compare and contrast data sets according to a variety of equity security characteristics, zoom to specific date periods, and view data distributions down to the level of one-millionth of a second.
The charts are interactive. To zoom, click on the chart and drag to select a time period. Once zoomed in, click and drag while holding “shift” to pan. Double-click to zoom out.”
( Indexes FRI 1/8 )  Index chart 20160108
  • Dow Jones    16,346.45   -167.65  (-1.02%)  (chart: blue)
  • Nasdaq           4,643.63     -45.79  (-0.98%)   (chart: gold)
  • S&P 500          1,922.03     -21.06  (-1.08%)   (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)    1,063.55  -11.73 (-1.09%)
  • Rus 2k (RUT)  1,046.20  -18.36 (-1.72%)
  • Rus 3k (RUA)    1,131.58  -13.04 (-1.14%)
  • CBOE (TNX)          21.30   -0.23 (-1.07%)
  • Volatility (VIX)     27.01  +2.02 (8.08%)
 I. a. Select stocks of interest, from Friday, 1/8/2016
  • AAPL   96.96  +0.51  (+0.53%)
  • C            46.12  -1.44 (-3.03%)
  • CHK        4.44  +0.03 (+0.68%)
  • GE         28.44  -0.53 (-1.83%)
  • JCP           7.16  -0.10 (-1.31%)
  • MPC      46.19  -1.81 (-3.77%)
  • MU         13.33  -0.33 (-2.42%)
  • VRNG     1.99    0.00 (0.00%)
  • VZ         44.83  -0.44 (-0.97%)
 I. b. Sector summary from Friday, 1/8/2016
  • Sector Change +/-% (best (or least worst) to worst)   
  • Utilities  ………………………………….. -0.03%
  • Telecommunications Srvcs …………… -0.33%
  • Non-Cyclical Cons. Goods ……………. -0.74%
  • Technology ……………………………….  -0.81%
  • Industrials  ……………………………….. -1.06%
  • Energy  …………………………………….. -1.10%
  • Cyclical Cons. Goods ……………………. -1.42%
  • Healthcare  ……………………………….. -1.45%
  • Financials  ………………………………… -1.51%
  • Basic Materials …………………………..  -1.57%

      

 II. Bonds, and/or Currencies, and/or Commodities from Friday, 1/8/2016

  II. a.  USA  Bonds 
  • 3 Month  0.19%  -0.01 (-5.00%)
  • 6 Month  0.44%  -0.03 (-6.38%)
  • 2 Year  0.93%  -0.04 (-4.12%)
  • 5 Year  1.56%  -0.07 (-4.29%)
  • 10 Year  2.12%  -0.06 (-2.75%)
  • 30 Year  2.91%  -0.05 (-1.69%)
 II. b.  US Energy Information Administration   (US EIA)

  •      –   –   –   –           –   –   –   –           –   –   –   –
 III.  Index Support and Resistance for Monday, 1/11/2016
 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 1/8 down @ 16346.45
  •   :: Pivot point   16437.64
  •   Support (s1)  16223.38       Support (s2)   16100.32
  •   Resistance (r1)   16560.70   Resistance (r2)   16774.96
  •   Simple Moving Average (Close 50):    17549.23
  •   52 week performance   -8.72%  YTD performance -6.19%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  Closed 1/8 down @  4643.63
  •   :: Pivot point   4674.68
  •   Support (s1)  4606.80       Support (s2)  4569.96
  •   Resistance (r1)  4711.52    Resistance (r2)  4779.40
  •   Simple Moving Average (Close 50):  5034.58
  •   52 week performance  -1.28%  YTD performance  -7.26%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  Closed 1/8 down @  1922.03
  •   :: Pivot point  1933.63
  •   Support (s1)  1906.86        Support (s2)  1891.69
  •   Resistance (r1)  1948.80     Resistance (r2)  1975.57
  •   Simple Moving Average (Close 50):  2058.28
  •   52 week performance  -6.00%  YTD performance  -5.96%
  •   :: Projected High: 1,941.22,   Projected Low:  1,899.28
( 4) For the Russell 1000 (INDEX RUSSELL: RUI)
  Closed 1/8 down @ 1063.55
  •   :: Pivot point   1070.02
  •   Support (s1)  1055.27     Support (s2)  1046.99
  •   Resistance (r1)  1078.30  Resistance (r2)  1093.05
  •   Simple Moving Average (Close 50):   1141.15
  •   52 week performance  -7.21%  YTD performance  -6.04%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  Closed 1/8 down @ 1046.20
NOTE:  second new 52 week low: 1045.11
  •   :: Pivot point  1054.47
  •   Support (s1)  1036.84     Support (s2)  1027.49
  •   Resistance (r1) 1063.82   Resistance (r2)  1081.45
  •   Simple Moving Average (Close 50):  1156.42
  •   52 week performance  -11.76%  YTD performance  -7.90%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  Closed 1/8 down @ 1131.58
  •   :: Pivot point   1138.60
  •   Support (s1)   1122.70     Support (s2)  1113.81
  •   Resistance (r1)  1147.49   Resistance (r2)  1163.33
  •   Simple Moving Average (Close 50):   1218.57
  •   52 week performance   -6.17%  YTD performance  -6.18%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  Closed 1/8 down @ 21.30
  •   :: Pivot point    21.54
  •   Support (s1)  20.95       Support (s2)  20.59
  •   Resistance (r1)  21.90    Resistance (r2)  22.49
  •   Simple Moving Average (Close 50):  22.39
  •   Simple Moving Average (Close 200)  22.11
  • :: Close ( 3 days) above/below (+/-) sma200  -0.810 (-3.664%)
  •   :: 52 week performance  +8.07%  YTD performance  -6.13%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  Closed 1/8 up @ 27.01
  •   :: Pivot point    25.52
  • Support (s1)   23.97      Support (s2)  20.92
  • Resistance (r1)  28.57    Resistance (r2)  30.12
  • Simple Moving Average (Close 50):  17.61
  •   :: 52 week performance   +37.81%  YTD performance  +48.33%
     –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Monday, 1/11/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,    16,499.17  …  16,161.85
  •   Nasdaq,        4,693.10  …   4,588.38
  •   S&P 500,       1,941.22  …   1,899.28
  •   Russell 1000,  1,074.16  …   1,051.13
  •   Russell 2000,  1,059.15  …   1,032.17
  •   Russell 3000,  1,143.05  …   1,118.26
  •   CBOE TNX,         21.72  …      20.77
  •   Volatility,       29.35  …      24.75
—     —     —     —     —     —     —     —     —

——  Monday, 1/11/2016 thru Friday 1/15/2016  ——-

  •  ( 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:

 (4)  Chesapeake Energy Corp (NYSE: CHK)
  [ Blogs ]

Hope the above Index Support and Resistance calculations for Monday, 1/11/2016 help your investing and trading today …

   —     —     —     —     —     —     —     —     —

 

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3 thoughts on “Index Support and Resistance for Monday, 1/11/2016

  1. ( Index performance MON 1/11 )

    Dow Jones 16,398.57 +52.12 (+0.32%) (chart: blue)
    Nasdaq 4,637.99 -5.64 (-0.12%) (chart: gold)
    S&P 500 1,923.67 +1.64 (+0.09%) (chart: red)
    ——————————————-
    Rus 1k (RUI) 1,063.64 +0.09 (+0.01%)
    Rus 2k (RUT) 1,041.90 -4.31 (-0.41%)
    Rus 3k (RUA) 1,131.32 -0.26 (-0.02%)
    CBOE (TNX) 21.58 +0.28 (+1.31%)
    Volatility (VIX) 24.30 -2.71 (-10.03%)

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  2. Sector Change +/-% (best (or least worst) to worst)
    Cyclical Cons. Goods ……………… +0.74%
    Non-Cyclical Cons. Goods ………….. +0.61%
    Technology ……………………… +0.60%
    Telecommunications Srvcs ………….. +0.36%
    Utilities ………………………. +0.35%
    Financials ………………………. +0.25%
    Industrials …………………….. +0.01%
    Healthcare ……………….. -1.24%
    Basic Materials …………… -1.53%
    Energy …………………… -2.10%

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  3. II. Bonds, and/or Currencies, and/or Commodities from Monday, 1/11/2016

    II. a. USA Bonds
    3 Month 0.18% -0.02 (-10.00%)
    6 Month 0.42% -0.02 (-4.55%)
    2 Year 0.93% -0.02 (-2.11%)
    5 Year 1.59% +0.00 (+0.00%)
    10 Year 2.17% +0.01 (+0.46%)
    30 Year 2.97% +0.01 (+0.34%)

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