Index Support and Resistance for Thursday, 1/21/2016

Below you will find the Index Support and Resistance for Thursday, 1/21/2016 as calculated from the changes in Index points through Wednesday, 1/20/2016’s close.  The charts are looking  Bearish …. Overly bearish … but technical indicators are serving up contrarian opinions, suggestions, and advice pointing to a  potential January recovery rally.                  Yesterday’s recovery rally, from the intraday lows, was undone by profit taking before the close …  more homework needed.

 

Index chart 20160120

  Index performance Wednesday, 1/20/2016
  • Dow Jones    15,766.74  -249.28  (-1.56%)    (chart: blue)
  • Nasdaq           4,471.69    -5.26  (-0.12%)    (chart: gold)
  • S&P 500          1,859.33   -22.00  (-1.17%)     (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)   1,025.68   -11.73  (-1.13%)
  • Rus 2k (RUT)    999.31    +4.45  (+0.45%)
  • Rus 3k (RUA)  1,090.51   -11.19  (-1.02%)
  • CBOE (TNX)         19.84    -0.51  (-2.51%)
  • Volatility(VIX)     27.59    +1.54  (+5.91%)
 I. a. Select stocks of interest, from Wednesday, 1/20/2016
  • AAPL   96.83  +0.17 (+0.17%)   After Hours: 97.23 +0.40 (+0.42%)
  • C          40.50  -1.45 (-3.46%)   After Hours: 40.75 +0.25 (+0.62%)
  • CHK       3.32  +0.23 (+7.44%)   After Hours:  3.35 +0.03 (+0.90%)
  • GE       27.99  -0.50 (-1.76%)   After Hours: 28.13 +0.14 (+0.50%)
  • JCP        6.30  -0.27 (-4.03%)   After Hours:  6.33 +0.03 (+0.40%)
  • MPC    40.49  -0.71 (-1.72%)    After Hours: 40.44 -0.05 (-0.12%)
  • MU       10.05  -0.75 (-6.94%)   After Hours: 10.17 +0.12 (+1.19%)
  • VRNG     1.73   +0.15 (+9.49%)
  • VZ       44.45  -0.42 (-0.94%)
 I. b. Sector summary from Wednesday, 1/20/2016
Sector Change +/-% (best (or least worst) to worst)
  • Healthcare  ………………………… +0.12% 
  • Technology  ……………………………… -0.54%
  • Basic Materials  ……………………….. -0.98%
  • Industrials  ……………………………….. -1.11%
  • Cyclical Cons. Goods …………………. -1.19%
  • Non-Cyclical Cons. Goods …………. -1.30%
  • Financials  ………………………………… -1.95%
  • Telecommunications Srvcs ……….. -1.97%
  • Utilities  ………………………………. -2.39%
  • Energy  ………………………….. -3.14%
 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 1/20/2016
  II. a.  USA  Bonds
  • 3 Month  0.24%  0.00 (0.00%)
  • 6 Month  0.33%  -0.02 (-5.71%)
  • 2 Year  0.82%  -0.01 (-1.20%)
  • 5 Year  1.41%  -0.02 (-1.40%)
  • 10 Year  1.98%  -0.01 (-0.50%)
  • 30 Year  2.75%  -0.01 (-0.36%)
 II. b.  US Energy Information Administration   (US EIA)

 

 III.  Index Support and Resistance for Thursday, 1/21/2016
 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 1/20 down @ 15766.74
  •   :: Pivot point   15735.58
  •   Support (s1)  15481.72       Support (s2)   15196.69
  •   Resistance (r1)   16020.61   Resistance (r2)   16274.47
  •   Simple Moving Average (Close 50):    17324.62
  •   52 week performance   -9.98%  YTD performance -9.52% 
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  Closed 1/20 down @  4471.69
  •   :: Pivot point   4433.33
  •   Support (s1)  4351.75      Support (s2)  4231.80
  •   Resistance (r1)  4553.28    Resistance (r2)  4634.86
  •   Simple Moving Average (Close 50):  4957.30
  •   52 week performance  -4.19%  YTD performance  -10.70%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  Closed 1/20 down @  1859.33
NOTE:  2d new 52 week low in last 9 days:  1812.29
  •   :: Pivot point  1849.27
  •   Support (s1)  1822.35       Support (s2)  1785.38
  • Resistance (r1)  1886.24     Resistance (r2)  1913.16
  •   Simple Moving Average (Close 50):  2031.32
  •   52 week performance  -8.50%  YTD performance  -9.03%
  •   :: Projected High: 1867.76,   Projected Low:  1803.87
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
  Closed 1/20 down @ 1025.68
NOTE:  4th new 52 week low in last 9 days: 998.66
  •   :: Pivot point   1020.04
  •   Support (s1)  1004.30     Support (s2)  982.92
  •   Resistance (r1)  1041.42  Resistance (r2)  1057.16
  •   Simple Moving Average (Close 50):   1125.13
  •   52 week performance  -8.79%  YTD performance  -9.38%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  Closed 1/20 down @  999.31
   NOTE:  8th new 52 week low in last 9 days: 958.48
  •   :: Pivot point  988.82
  •   Support (s1)  968.67       Support (s2)  938.62
  •   Resistance (r1)  1019.17  Resistance (r2)  1039.02
  •   Simple Moving Average (Close 50):  1132.71
  •   52 week performance  -14.31%  YTD performance  -12.02%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  Closed 1/20 down @ 1090.51
NOTE:  4th new 52 week low in last 9 days: 1060.61
  •   :: Pivot point   1083.79
  •   Support (s1)   1067.33     Support (s2)  1044.15
  •   Resistance (r1)  1106.97   Resistance (r2)  1123.43
  •   Simple Moving Average (Close 50):   1201.46
  •   52 week performance    -11.06%  YTD performance  –9.58%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  Closed 1/20 down @  19.84
  •   :: Pivot point    19.74
  •   Support (s1)  19.49       Support (s2)  19.13
  •   Resistance (r1)  20.10    Resistance (r2)  20.35
  •   Simple Moving Average (Close 50):  22.25
  •   Simple Moving Average (Close 200)  22.16
  •   :: Close (10 days) above/below (+/-) sma200  (-2.324) (-10.485%)
  •   :: 52 week performance  +7.07%  YTD performance  -12.56%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  Closed 1/20 up @ 27.59
  •   :: Pivot point    28.76
  •   Support (s1)   25.42      Support (s2)   23.26
  •   Resistance (r1)  30.92    Resistance (r2)  34.26
  •   Simple Moving Average (Close 50):  19.11
  •   :: 52 week performance   +68.23%  YTD performance  +51.51%
     –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Thursday, 1/21/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     15878.10  …  15339.21
  •   Nasdaq,         4594.07  …   4392.54
  •   S&P 500,        1867.76  …   1803.87
  •   Russell 1000,   1030.73  …    993.61
  •   Russell 2000,   1029.10  …    978.90
  •   Russell 3000,   1095.38  …   1055.74
  •   CBOE TNX,         20.23  …     19.62
  •   Volatility,       29.84  …     24.34
   —     —     —     —     —     —     —     —     —

——  Monday, 1/18/2016 thru Friday 1/22/2016  ——-

  •  ( 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 Thursday, 1/21/2016 help your investing and trading today …

 

 

 

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