Index Support and Resistance for Friday, 1/22/2016

  Below you will find the Index Support and Resistance for Friday, 1/22/2016 as calculated from the changes in Index points through Thursday, 1/21/2016’s close.
  January has not been kind to the Russell indexes.  The Russell 2000 (INDEX RUSSELL: RUT) has been a repeat daily  cause for concern,  posting eight 52 week new lows in last 13 days, now at 958.48 points as of (1/20/2016).  As of yesterday’s close, the Russell 3000 (INDEX RUSSELL: RUA)  also had its fourth new 52 week low on (1/20/2016) … now at: 1060.61 points.   Also as of yesterday’s close, the Russell 1000 (INDEX RUSSELL: RUI) has its fourth new 52 week low, also on  (1/20/2016) … now at:  998.66  points.
  The S&P 500 posted its second  52 week low in 13 days:  1812.29 as of  (1/20/2016).
Index performance Thursday, 1/21/2016
  • Dow Jones    15882.68  +115.940 +0.735%    (chart: blue)
  • Nasdaq           4472.06    +0.370  +0.008%   (chart: gold)
  • S&P 500          1868.99    +9.660 +0.520%    (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)    1030.56    +4.880   +0.476%
  • Rus 2k (RUT)    997.34   (-1.970) (-0.197%)
  • Rus 3k (RUA)    1095.15    +4.640   +0.425%
  • CBOE (TNX)          20.19    +0.350   +1.764%
  • Volatility(VIX)     26.69   (-0.900) (-3.262%)
 II. b.   US Energy Information Administration   (US EIA)

 III.  Index Support and Resistance for Friday, 1/22/2016
 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 1/21 up @  15882.68
  •   :: Pivot point   15875.31
  •   Support (s1)  15712.03       Support (s2)   15541.38
  •   Resistance (r1)   16045.96   Resistance (r2)   16209.24
  •   Simple Moving Average (Close 50):    17284.07
  •   52 week performance   -9.52%  YTD performance -8.85% 

 

( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  Closed 1/21 up @   4472.06
  •   :: Pivot point   4480.41
  •   Support (s1)  4423.67      Support (s2)  4375.28
  •   Resistance (r1)  4528.80    Resistance (r2)  4585.54
  •   Simple Moving Average (Close 50):  4943.80
  •   52 week performance  -5.86%  YTD performance  -10.69%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  Closed 1/21 up @  1868.99
NOTE:  2d 52 week low in 13 days:  1812.29  (1/20/2016)
  •   :: Pivot point  1869.27
  •   Support (s1)  1848.70       Support (s2)  1828.40
  •   Resistance (r1)  1889.57     Resistance (r2)  1910.14
  •   Simple Moving Average (Close 50):  2026.72
  •   52 week performance  -9.41%  YTD performance  –8.56%
  •   :: Projected High: 1899.86,   Projected Low:  1858.99
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
  Closed 1/21 up @ 1030.56
NOTE:  4th 52 week low in last 13 days: 998.66  (1/20/2016)
  •   :: Pivot point   1030.97
  •   Support (s1)  1019.59     Support (s2)  1008.62
  •   Resistance (r1)  1041.94  Resistance (r2)  1053.32
  •   Simple Moving Average (Close 50):   1122.44
  •   52 week performance  -8.80%  YTD performance  -8.95%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  Closed 1/21 down @  997.34
NOTE:  8th 52 week low in last 13 days: 958.48  (1/20/2016)
  •   :: Pivot point  1001.32
  •   Support (s1)  988.14       Support (s2)  978.94
  •   Resistance (r1)  1010.52  Resistance (r2)  1023.70
  •   Simple Moving Average (Close 50):  1128.89
  •   52 week performance  -16.22%  YTD performance  -12.20% 
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  Closed 1/21 up @ 1095.15
NOTE:  4th new 52 week low in last 13 days: 1060.61  (1/20/2016)
  •   :: Pivot point   1095.89
  •   Support (s1)   1083.64     Support (s2)  1072.13
  •   Resistance (r1)  1107.40   Resistance (r2)  1119.65
  •   Simple Moving Average (Close 50):   1198.35
  •   52 week performance    -10.25%  YTD performance  -9.20%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  Closed 1/21 up @  20.19
  •   :: Pivot point    20.04
  •   Support (s1)  19.73       Support (s2)  19.27
  •   Resistance (r1)  20.50    Resistance (r2)  20.81
  •   Simple Moving Average (Close 50):  22.17            (Crossover watch)
  •   Simple Moving Average (Close 200)  22.17
  •   :: Close (11 days) above/below (+/-) sma200  (-1.980) (-8.931%)
  •   :: 52 week performance  +6.49%  YTD performance  -11.02%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  Closed 1/21 down @ 26.69
  •   :: Pivot point    26.71
  •   Support (s1)   24.99      Support (s2)   23.29
  •   Resistance (r1)  28.41    Resistance (r2)  30.13
  •   Simple Moving Average (Close 50):  19.32
  •   :: 52 week performance   +60.20%  YTD performance  +46.57%
     –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 1/22/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     16127.60   …   15793.67
  •   Nasdaq,            4504.61    …   4399.48
  •   S&P 500,          1899.86    …   1858.99
  •   Russell 1000,   1047.63     …   1025.28
  •   Russell 2000,   1005.92     …    983.54
  •   Russell 3000,   1113.53      …   1089.77
  •   CBOE TNX,         20.66  …     19.89
  •   Volatility,            27.56  …     24.14
   —     —     —     —     —     —     —     —     —

——  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 Friday, 1/22/2016 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