Index Support and Resistance for Tuesday, 1/26/2016

  Below you will find the Index Support and Resistance for Tuesday, 1/26/2016  as calculated from the changes in Index points through Monday, 1/25/2016’s close.
  Yesterday, thanks to the drop in crude prices, the Energy sector was the worst performing sector … down 3.63 percent.   In the Energy sector, 77 percent of companies  were down by more than 2 percent, another 4 percent were down between 0 to 2 percent.  on the flip side 14 percent of Energy sector companies were up between 0 to 2 percent and 5 percent were up more than 2 percent.  This adversely affected the rest of the markets.
  Thanks to crude, Asia stock markets took a hit while most of us are sleeping, and the US E-mini futures point to a negative open for the US markets this Tuesday morning.    Fundamentally, way too many companies that are earning money, have positive cash flow, and more … are getting trashed, indiscriminately, with the companies that are losing money.   I am nibbling at Apple, MU,  and GE.   I am also giving myself a headache,  doing a company by company analysis, of approximately 500 Energy Sector, and ES related Industries.   I don’t know if you saw my charts, but  my support, resistance, pivot points, et cetera, “suggested” I take profits, and close long positions Friday.    Clearly, the “What are you going to do for me in the next 20 seconds?” crowd are in control.   I worry about the people  that, like those that bailed in 1987,  will be scared out of the markets, never to return ….

Index chart 20160125

  •   Index performance Monday, 1/25/2016
  • Dow Jones    15,885.22  -208.29  (-1.29%)   (chart: blue)
  • Nasdaq           4,518.49   -72.69  (-1.58%)   (chart: gold)
  • S&P 500          1,877.08   -29.82  (-1.56%)     (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)     1,035.16  -16.98 (-1.61%)
  • Rus 2k (RUT)     997.37  -23.29 (-2.28%)
  • Rus 3k (RUA)  1,099.68  -18.60 (-1.66%)
  • CBOE (TNX)         20.22   -0.26 (-1.27%)
  • Volatility(VIX)      24.15   +1.81 (+8.10%)
 I. a. Select stocks of interest, from Monday, 1/25/2016
  • AAPL    99.44  -1.98 (-1.95%)   Pre-market: 98.59 -0.85 (-0.85%)
  • C           39.55  -1.51 (-3.68%)
  • CHK       2.96  -0.55 (-15.67%)
  • GE        28.05  -0.19 (-0.67%)
  • JCP         6.65  -0.10 (-1.48%)   After Hours: 6.66 +0.01 (0.15%)
  • MPC     40.77  -2.06 (-4.81%)   After Hours: 40.77 0.00 (0.00%)
  • MU       10.48  -0.59 (-5.37%)   Pre-market: 10.25 -0.23 (-2.15%)
  • VRNG     1.80  -0.06 (-3.23%)   After Hours: 1.75 -0.05 (-2.78%)
  • VZ        47.04   0.00 (0.00%)
 I. b. Sector summary from Monday, 1/25/2016
  • Sector Change +/-% (best (or least worst) to worst)
  • Healthcare …………………… -0.86%
  • Non-Cyclical Cons. Goods ………. -0.93%
  • Telecommunications Srvcs ………. -1.00%
  • Industrials ………………….. -1.12%
  • Technology …………………… -1.22%
  • Utilities  …………………… -1.36%
  • Cyclical Cons. Goods ………….. -1.65%
  • Financials …………………… -2.45%
  • Basic Materials ………………. -2.74%
  • Energy  …………………… -3.63%
 I. c. Select Energy Sector companies  Monday, 1/25/2016
Gainers (% price change),  Last Trade,  Change, %Chng, Mkt Cap
SunCoke Energy Inc  (SXC)  2.46  +0.11 (4.68%)  149.77M
Williams Partners L.P.    22.14  +0.73 (3.41%)  12.83B
Daqo New Energy Corp  (DQ)  13.38  +0.15 (1.13%)  138.28M

Losers (% price change)   Last Trade,  Change, %Chng, Mkt Cap
Stone Energy Corp  (SGY)  2.08  -0.42 (-16.80%)  139.38M
Oasis Petroleum Inc.  (OAS)  4.68  -0.83 (-14.97%)  767.93M
Encana Corp (USA ECA)  3.60  -0.49 (-11.98%)  3.49B
Clean Energy Fuels Corp  (CLNE)  2.51  -0.29 (-10.36%)  253.60M
Nabors Industries Ltd.  (NBR)  5.67  -0.63 (-10.00%)  2.08B

Most Actives (dollar volume)  Last Trade,  Change, %Chng,  Mkt Cap
Schlumberger Ltd  (SLB)  63.32  -1.88 (-2.88%)  81.93B
Kinder Morgan Inc  (KMI)  14.19  -1.15 (-7.50%)  34.14B
Valero Energy Corp  (VLO)  65.07  -2.79 (-4.11%)  32.50B
EOG Resources Inc  (EOG)  61.59  -4.43 (-6.71%)  36.22B
BP plc (ADR)  (BP)  29.47  -0.88 (-2.90%)  92.04B

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 1/25/2016
  •   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%)
     –   –   –   –           –   –   –   –           –   –   –   –
 III.  Index Support and Resistance for Tuesday, 1/26/2016
 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 1/25 down @   15885.22
  •   :: Pivot point   15950.61
  •   Support (s1)  15814.76       Support (s2)   15744.30
  •   Resistance (r1)   16021.07   Resistance (r2)   16156.92
  •   Simple Moving Average (Close 50):    17213.87
  •   52 week performance   -10.11%  YTD performance  -8.84% 
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
  Closed 1/25 down @   4518.49
  •   :: Pivot point   4541.24
  •   Support (s1)  4492.03      Support (s2)  4465.58
  •   Resistance (r1)  4567.69    Resistance (r2)  4616.90
  •   Simple Moving Average (Close 50):  4922.42
  •   52 week performance  -5.31%  YTD performance  -9.76%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
  Closed 1/25 down @  1877.08
NOTE:  2d 52 week low of last 15 days:  1812.29  (1/20/2016)
  •   :: Pivot point  1886.44
  •   Support (s1)  1866.61       Support (s2)  1856.13
  •   Resistance (r1)  1896.92     Resistance (r2)  1916.75
  •   Simple Moving Average (Close 50):  2019.19
  •   52 week performance  -8.75%  YTD performance  -8.16%
  •   :: Projected High: 1891.68,   Projected Low:  1861.37
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
  Closed 1/25 down @ 1035.16
NOTE:  4th 52 week low in last 15 days: 998.66  (1/20/2016)
  •   :: Pivot point   1040.53
  •   Support (s1)  1029.19     Support (s2)  1023.23
  •   Resistance (r1)  1046.49  Resistance (r2)  1057.83
  •   Simple Moving Average (Close 50):   1118.02
  •   52 week performance  -9.33%  YTD performance  -8.55%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
  Closed 1/25 down @   997.37
NOTE:  8th 52 week low in last 15 days: 958.48  (1/20/2016)
  •   :: Pivot point  1004.28
  •   Support (s1)   989.13       Support (s2)   980.89
  •   Resistance (r1)  1012.52    Resistance (r2)  1027.67
  •   Simple Moving Average (Close 50):  1121.79
  •   52 week performance  -16.94%  YTD performance  -12.19%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  Closed 1/25 up @  997.37
NOTE:  4th new 52 week low of last 15 days: 1060.61  (1/20/2016)
  •   :: Pivot point   1105.52
  •   Support (s1)   1093.15     Support (s2)  1086.62
  •   Resistance (r1)  1112.05   Resistance (r2)  1124.42
  •   Simple Moving Average (Close 50):   1193.27
  •   52 week performance    -9.16%  YTD performance  -8.82%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
  Closed 1/25 down @  20.22
Note death cross: SMA50 closed below SMA200 (1/22/2016)
  •   :: Pivot point    20.26
  •   Support (s1)  20.11       Support (s2)  20.00
  •   Resistance (r1)  20.37    Resistance (r2)  20.52
  •   Simple Moving Average (Close 50):  22.06
  •   Simple Moving Average (Close 200)  22.18
  •   :: Close (13 days) above/below (+/) sma200  (-1.964) (-8.852%)
  •   :: 52 week performance  +10.61%  YTD performance  -10.89%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
  Closed 1/25 up @ 24.15
  •   :: Pivot point    23.61
  •   Support (s1)   22.92      Support (s2)   21.68
  •   Resistance (r1)  24.85    Resistance (r2)  25.54
  •   Simple Moving Average (Close 50):  19.63
  •   :: 52 week performance   +40.24%  YTD performance  +32.62%
     –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Tuesday, 1/26/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     15985.84  …  15779.53
  •   Nasdaq,         4554.47  …   4478.81
  •   S&P 500,        1891.68  …   1861.37
  •   Russell 1000,   1043.51  …   1026.21
  •   Russell 2000,   1008.40  …    985.01
  •   Russell 3000,   1108.79  …   1089.89
  •   CBOE TNX,         20.32  …     20.06
  •   Volatility,       25.20  …     23.27
—     —     —     —     —     —     —     —     —

——  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)
 
 
                     [ Blogs ]

Hope the above Index Support and Resistance calculations for Tuesday, 1/26/2016 help your investing and trading today …

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