Index Support and Resistance for Wednesday, 1/20/2016

 Below you will find the Index Support and Resistance for Wednesday, 1/20/2016 as calculated from the changes in Index points through Tuesday, 1/19/2016’s close.
  The Russell 2000 (INDEX RUSSELL: RUT) has been repeated daily  cause for concern, now  with the 6th successive new 52 week low, now at 999.62 points.  As of yesterday’s close, the Russell 3000 (INDEX RUSSELL: RUA) has its 2d new 52 week low  … now at: 1101.41 points.   Also as of yesterday’s close, the Russell 1000 (INDEX RUSSELL: RUI) has its 2d new 52 week low  … now at:  1036.74 points.
  On a crazy day like this, when Mr. & Ms. Fickle Markets rallied through and above Resistance (r1) and (r2) at the market open, the seesaw battle between the Bulls and the Bears is visible in the charts.  The Bears are selling every rally, striving to force prices lower, and they were successfully hammering away at the Bulls until just before 3 PM ET, when the Bulls made a concerted effort with a recovery rally into the ten minutes before the regular hours trading close.  Ten minutes before the close looks like profit taking Bulls took over, taking the market indexes, sadly, disappointingly,  to flat line.  I am holding other analyses as drafts to see how the markets close the week, and then update them as appropriate before posting them here.
  “Tom Porcelli, chief U.S. economist at RBC Capital Markets, noted that polls of investors showed investors were more bearish on Wall Street than at any time since mid-1987.  “Perhaps characterizing the recent bout of negativity as being ‘pervasive’ is an understatement,” he wrote in a note.  Tom Porcelli, chief U.S. economist at RBC Capital Markets, noted that polls of investors showed investors were more bearish on Wall Street than at any time since mid-1987.”
  U.S. crude wallowed at its lowest since 2003 after the world’s energy watchdog warned the market could “drown in oversupply”. U.S. crude futures CLc1 shed 53 cents to $27.93, while Brent crude LCOc1 lost 24 cents to $28.52 a barrel.
   Index chart 20160119

Index performance Tuesday, 1/19/2016

  • Dow Jones    16,016.02  +27.94  (+0.17%)   (chart: blue)
  • Nasdaq        4,476.95  -11.47  (-0.26%)    (chart: gold)
  • S&P 500       1,881.33   +1.00  (+0.05%)     (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)  1,037.41   -0.62  (-0.06%)
  • Rus 2k (RUT)    994.87  -12.86  (-1.28%)
  • Rus 3k (RUA)  1,101.69   -1.65  (-0.15%)
  • CBOE (TNX)       20.35   +0.02  (+0.10%)
  • Volatility(VIX)  26.05   -0.97  (-3.59%)
 I. a. Select stocks of interest, from Tuesday, 1/19/2016
  • AAPL   96.66  -0.47 (-0.48%)   After Hours: 96.50 -0.16 (-0.17%)
  • C           41.95  -0.52 (-1.22%)   After Hours: 41.82 -0.13 (-0.31%)
  • CHK       3.09  -0.47 (-13.20%)   After Hours: 3.08 -0.01 (-0.32%)
  • GE        28.48  -0.01 (-0.04%)   After Hours: 28.41 -0.07 (-0.25%)
  • JCP         6.57  -0.44 (-6.28%)   After Hours: 6.55 -0.02 (-0.30%)
  • MPC      41.21  -0.21  (-0.51%)
  • MU       10.80  -0.28 (-2.53%)   After Hours: 10.85 +0.05 (0.46%)
  • VRNG     1.58   -0.17 (-9.71%)   After Hours: 1.57 -0.01 (-0.63%)
  • VZ        44.87  +0.44 (+0.99%)
 I. b. Sector summary from Tuesday, 1/19/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ……. ….. +1.12%
  • Telecommunications Srvcs …… …. +1.10%
  • Utilities  …………………………….. …… +1.04%
  • Cyclical Cons. Goods ………….. …… +0.26%
  • Industrials  ………………………………. +0.23%
  • Healthcare  ………………………………. +0.12%
  • Technology  …………………………….. +0.08%
  • Financials  ……………………… -0.20%
  • Basic Materials ……………….. -1.30% 
  • Energy  …………………………… -1.81% 
 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 1/19/2016
  II. a.  USA  Bonds
  • 3 Month  0.23%  0.00 (0.00%)
  • 6 Month  0.37%  -0.01 (-2.63%)
  • 2 Year  0.87%  0.00 (0.00%)
  • 5 Year  1.48%  0.00 (0.00%)
  • 10 Year  2.06%  0.00 (0.00%)
  • 30 Year  2.83%  -0.01 (-0.35%)
 II. b.  US Energy Information Administration   (US EIA)

 III.  Index Support and Resistance for Wednesday, 1/20/2016
 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 1/19 up @ 16016.02
  •   :: Pivot point   16029.41
  •   Support (s1)  15886.86       Support (s2)   15757.70
  •   Resistance (r1)   16158.57   Resistance (r2)   16301.12
  •   Simple Moving Average (Close 50):    17366.55
  •   52 week performance   -8.54%  YTD performance -8.09%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  Closed 1/19 down @  4476.95
  •   :: Pivot point   4486.10
  •   Support (s1)  4421.62      Support (s2)  4366.30
  •   Resistance (r1)  4541.42    Resistance (r2)  4605.90
  •   Simple Moving Average (Close 50):  4970.42
  •   52 week performance  -3.82%  YTD performance  -10.59%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  Closed 1/19 up @  1881.33
  •   :: Pivot point  1882.46
  •   Support (s1)  1863.47       Support (s2)  1845.62
  •   Resistance (r1)  1900.31     Resistance (r2)  1919.30
  •   Simple Moving Average (Close 50):  2036.14
  •   52 week performance  -6.98%  YTD performance  -7.96%
  •   :: Projected High: 1891.39,   Projected Low:  1854.55
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
  Closed 1/19 down @ 1037.41
NOTE:  3d new 52 week low (1/15/16) in last 8 days: 1025.08
  •   :: Pivot point   1,038.31
  •   Support (s1)  1027.41     Support (s2)  1017.40
  •   Resistance (r1)  1048.32  Resistance (r2)  1059.22
  •   Simple Moving Average (Close 50):   1127.92
  •   52 week performance  -7.63%  YTD performance  -8.35%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  Closed 1/19 down @ 994.87
NOTE:  7th new 52 week low (1/15/16) in last 8 days: 983.98
  •   :: Pivot point  999.31
  •   Support (s1)  980.78       Support (s2)  966.70
  •   Resistance (r1)  1013.39  Resistance (r2)  1031.92
  •   Simple Moving Average (Close 50):  1136.80
  •   52 week performance  -14.99%  YTD performance  -12.41%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  Closed 1/19 down @ 1101.69
NOTE:  3d new 52 week low (1/15/16) in last 8 days: 1088.67
  •   :: Pivot point   1102.94
  •   Support (s1)   1090.74     Support (s2)  1079.80
  •   Resistance (r1)  1113.88   Resistance (r2)  1126.08
  •   Simple Moving Average (Close 50):   1204.38
  •   52 week performance    -8.72%  YTD performance  -8.66%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  Closed 1/19 up @ 20.35
  •   :: Pivot point    20.41
  •   Support (s1)  20.15       Support (s2)  19.94
  •   Resistance (r1)  20.62    Resistance (r2)  20.88
  •   Simple Moving Average (Close 50):  22.30
  •   Simple Moving Average (Close 200)  22.16
  •   :: Close ( 9 days) above/below (+/-) sma200  (-1.809) (-8.165)
  •   :: 52 week performance  +12.62%  YTD performance  -10.31%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  Closed 1/19 down @ 26.05
  •   :: Pivot point    26.28
  •   Support (s1)   24.98      Support (s2)   23.90
  •   Resistance (r1)  27.36    Resistance (r2)  28.66
  •   Simple Moving Average (Close 50):  18.84
  •   :: 52 week performance   +38.20%  YTD performance  +43.05%
     –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Wednesday, 1/20/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     16229.85  …  15958.14
  •   Nasdaq,         4513.76  …   4393.96
  •   S&P 500,        1891.39  …   1854.55
  •   Russell 1000,   1043.32  …   1022.41
  •   Russell 2000,   1006.35  …    973.74
  •   Russell 3000,   1108.41  …   1085.27
  •   CBOE TNX,         20.52  …     20.05
  •   Volatility,       28.01  …     25.63
   —     —     —     —     —     —     —     —     —

——  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 Wednesday, 1/20/2016 help your investing and trading today …

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