Index Support and Resistance for Friday, 1/29/2016

   Below you will find the Index Support and Resistance for Friday, 1/29/2016 as calculated from the changes in Index points through Thursday, 1/28/2016’s close.    Friday is the last trading day of January 2016.  Do you see the Head and shoulders in the chart below?
       Index chart 20160128
   Index performance Thursday, 1/28/2016
  • Dow Jones    16,069.64  +125.18  (+0.79%)   (chart: blue)
  • Nasdaq           4,506.68   +38.51  (+0.86%)    (chart: gold)
  • S&P 500           1,893.36   +10.41  (+0.55%)     (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)  1,043.34  +4.50 (+0.43%)
  • Rus 2k (RUT)  1,003.27  +0.53 (+0.05%)
  • Rus 3k (RUA)  1,108.22  +4.47 (+0.40%)
  • CBOE (TNX)       19.85  -0.16 (-0.80%)
  • Volatility(VIX)  22.42  -0.69 (-2.99%)
 I. a. Select stocks of interest, from Thursday, 1/28/2016
  • AAPL    94.09  +0.67 (+0.72%)   After Hours: 93.65 -0.44 (-0.47%)
  • C            40.38  -0.13 (-0.32%)
  • CHK          3.17  -0.11 (-3.35%)   After Hours: 3.16 -0.01 (-0.32%)
  • GE          28.21  +0.21 (+0.75%)   After Hours: 28.17 -0.04 (-0.14%)
  • JCP          6.82  -0.11 (-1.52%)   After Hours: 6.85 +0.03 (0.37%)
  • MPC      40.22  +0.36 (+0.90%)   After Hours: 40.22 0.00 (0.00%)
  • MU         9.89  -0.51 (-4.86%)   After Hours: 9.88 -0.01 (-0.05%)
  • VRNG     1.69  -0.05 (-2.87%)
  • VZ         49.01  -0.02 (-0.04%)
 I. b. Sector summary from Thursday, 1/28/2016
Sector Change +/-% (best (or least worst) to worst)
  • Energy ……………………………… +2.86%
  • Utilities ……………………..……… +1.77%
  • Technology …………..…………… +0.97%
  • Non-Cyclical Cons. Goods ….. +0.86%
  • Basic Materials ……………………… +0.63%
  • Telecommunications Srvcs …….. +0.51%
  • Industrials ……………………… +0.32%
  • Cyclical Cons. Goods ………. +0.23%
  • Financials ……………………… +0.05%
  • Healthcare ……………………… -2.22%
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 1/28/2016
II. a.  USA  Bonds
  • 3 Month  0.30%  +0.01 (3.45%)
  • 6 Month  0.40%  +0.02 (5.26%)
  • 2 Year  0.82%  -0.01 (-1.20%)
  • 5 Year  1.39%  -0.02 (-1.42%)
  • 10 Year  1.98%  -0.02 (-1.00%)
  • 30 Year  2.79%  +0.01 (0.36%)
     –   –   –   –           –   –   –   –           –   –   –   –
 III.  Index Support and Resistance for Friday, 1/29/2016
  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 1/28 up @  16,069.64
  •   :: Pivot point   16011.83
  •   Support (s1)  15921.53       Support (s2)   15773.41
  •   Resistance (r1)   16159.95   Resistance (r2)   16250.25
  •   Simple Moving Average (Close 50):    17129.58
  •   52 week performance   -6.52%  YTD performance  -7.78%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  Closed 1/28 up @   4,506.68
  •   :: Pivot point   4496.00
  •   Support (s1)  4458.18      Support (s2)  4409.69
  •   Resistance (r1)  4544.49    Resistance (r2)  4582.31
  •   Simple Moving Average (Close 50):  4893.27
  •   52 week performance  -3.77%  YTD performance  -10.00%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  Closed 1/28 up @  1,043.34
NOTE:  2d 52 week low of last 18 days:  1812.29  (1/20/2016)
  •   :: Pivot point  1889.99
  •   Support (s1)  1877.02       Support (s2)  1860.68
  •   Resistance (r1)  1906.33     Resistance (r2)  1919.30
  •   Simple Moving Average (Close 50):  2009.91
  •   52 week performance  -6.33%  YTD performance  -7.37%
  •   :: Projected High: 1912.82,   Projected Low:  1883.51
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
  Closed 1/28 up @ 1,043.34
NOTE:  4th 52 week low of last 18 days: 998.66  (1/20/2016)
  •   :: Pivot point   1042.01
  •   Support (s1)  1034.52     Support (s2)  1025.70
  •   Resistance (r1)  1050.83  Resistance (r2)  1058.32
  •   Simple Moving Average (Close 50):   1112.51
  •   52 week performance  -6.52%  YTD performance  -7.82%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  Closed 1/28 up @  1,003.27
NOTE:  8th 52 week low of last 18 days: 958.48  (1/20/2016)
  •   :: Pivot point  1006.04
  •   Support (s1)   997.61       Support (s2)  991.94
  •   Resistance (r1)  1011.71    Resistance (r2)  1020.14
  •   Simple Moving Average (Close 50):  1112.95
  •   52 week performance  -15.70%  YTD performance  -11.68%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  Closed 1/28 up @ 1,108.22
NOTE:  4th 52 week low of last 18 days: 1060.61  (1/20/2016)
  •   :: Pivot point   1107.11
  •   Support (s1)   1099.10     Support (s2)  1089.98
  •   Resistance (r1)  1116.23   Resistance (r2)  1124.24
  •   Simple Moving Average (Close 50):   1186.85
  •   52 week performance    -6.79%  YTD performance  -8.12%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  Closed 1/28 down @  19.85
Note death cross: SMA50 closed below SMA200 (1/22/2016)
  •   :: Pivot point    19.99
  •   Support (s1)   19.59       Support (s2)  19.34
  •   Resistance (r1)  20.24    Resistance (r2)  20.64
  •   Simple Moving Average (Close 50):  21.88
  •   Simple Moving Average (Close 200)  22.19
  •   :: Close (16 days) above/below (+/-) sma200  (-2.345) (-10.565%)
  •   :: 52 week performance  +13.36%  YTD performance  -12.52%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  Closed 1/28 down @ 22.42
  •   :: Pivot point    22.71
  •   Support (s1)    21.61      Support (s2)   20.80
  •   Resistance (r1)  23.52    Resistance (r2)  24.62
  •   Simple Moving Average (Close 50):  19.86
  • :: 52 week performance   +6.91%  YTD performance  +23.12%
     –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 1/29/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     16205.10  …  15966.68
  •   Nasdaq,            4520.25  …   4433.94
  •   S&P 500,           1912.82  …   1883.51
  •   Russell 1000,    1054.58  …   1038.27
  •   Russell 2000,   1008.88  …    994.78
  •   Russell 3000,    1120.24  …   1103.11
  •   CBOE TNX,           20.12  …     19.47
  •   Volatility,            24.07  …     22.16
   —     —     —     —     —     —     —     —     —
——  Monday, 1/25/2016 thru Friday 1/29/2016  ——-

  •  ( 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)
 
 
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Hope the above Index Support and Resistance calculations for Friday, 1/29/2016  help your investing and trading today …

 

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