Index Support and Resistance for Friday, 2/12/2016

  Below you will find the Index Support and Resistance for Friday, 2/12/2016 as calculated from the changes in Index points through Thursday, 2/11/2016’s close.  Sorry,  I am, belatedly,  posting these from my drafts, in date order, to preserve the timeline information for reference purposes.
  U.S. West Texas Intermediate (WTI) futures were trading at $27.57 per barrel, up 5.19 percent or $1.36 from the previous day’s settlement after hitting lows not seen since 2003 in the previous session.  Traders think that the jump in WTI prices could have been a result of U.S. producers unwinding hedges they had previously locked in at higher prices in order to generate needed cash to service debt and costs.
  Despite higher Brent and WTI, analysts said they saw little chance of OPEC and non-OPEC producers agreeing on a common policy and that low prices as a result of oversupply would likely persist.  “Comments from the UAE energy minister that OPEC was willing to cooperate on production cuts had little impact. We view this as further jawboning, with the likelihood of a coordinated response on supply cuts very low,” a commenter from ANZ bank said on Friday.
  Oil prices have tumbled over 70 percent since mid-2014 as producers allegdly pump 1 to 2 million barrels of crude every day in excess of demand just as global economic growth stalls, led by China’s slowdown.  In a global economy using an estimated 90+ million barrels of various grades of crude per day, it takes 45+ days to add ONE day of additional global supply.   CAUTION:  OPEC may be deliberately overstating production, first, to get Mr. & Ms.  Global Markets to assist in trashing and bankrupting non-OPEC, “high cost”,  exploration and production companies, and second, to give OPEC members  a “no cut” cushion on actual  production to agree to … while the non-OPEC E&P companies shoulder the burden of actual cuts.
    Index chart 20160211
 Index performance Thursday, 2/11/2016
  • Dow Jones    15,660.18  -254.56  (-1.60%)    (chart: blue)
  • Nasdaq        4,266.84   -16.75  (-0.39%)    (chart: gold)
  • S&P 500       1,829.08   -22.78  (-1.23%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,005.89   -12.88  (-1.26%)
  • Rus 2k (RUT)    953.72    -9.77  (-1.01%)
  • Rus 3k (RUA)  1,067.34   -13.47  (-1.25%)
  • CBOE (TNX)       16.44    -0.61  (-3.58%)
  • Volatility(VIX)  28.14    +1.85  (+7.04%)
 I. a. Select stocks of interest, from Thursday, 2/11/2016
  • AAPL   93.70  -0.57 (-0.60%)   After Hours: 93.52 -0.18 (-0.19%)
  • C           34.96  -2.45 (-6.55%)
  • CHK        1.76  +0.06 (+3.82%)
  • GE        27.44  -0.86 (-3.04%)   After Hours: 27.56 +0.12 (0.44%)
  • JCP         6.97  -0.51 (-6.88%)
  • MPC    30.82  -0.85 (-2.68%)   After Hours: 30.83 +0.01 (0.03%)
  • MU        9.69  -0.21 (-2.12%)   After Hours: 9.75 +0.06 (0.62%)
  • VRNG    1.48  -0.04 (-2.63%)
  • VZ        49.41  -0.57 (-1.14%)
 I. b. Sector summary from Thursday, 2/11/2016
Sector Change +/-% (best (or least worst) to worst)
  • Technology  ………………… -0.15%
  • Cyclical Cons. Goods ………… -0.70%
  • Telecommunications Srvcs …….. -0.81%
  • Energy …………………….. -0.82%
  • Non-Cyclical Cons. Goods …….. -1.00%
  • Basic Materials …………….. -1.18%
  • Healthcare …………………. -1.44%
  • Industrials ………………… -1.60%
  • Utilities ………………….. -1.87%
  • Financials …………………. -2.65%
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 2/11/2016
  II. a.  USA  Bonds
  • 3 Month  0.28%  +0.01 (3.70%)
  • 6 Month  0.37%  +0.01 (2.78%)
  • 2 Year  0.64%  +0.02 (3.23%)
  • 5 Year  1.13%  +0.09 (8.65%)
  • 10 Year  1.66%  +0.08 (5.06%)
  • 30 Year  2.50%  +0.07 (2.88%)
–   –   –   –           –   –   –   –           –   –   –   –
 III.  Index Support and Resistance for Thursday, 2/11/2016
 Below you will find the 52 week performance, and the Year-to-Date (YTD) performance to the selected indexes.  See Section V.  Index: 52week High,  52week Low, (Close 12/31/2015) to track changes in this info.  See the 200 day simple moving average (SMA) calculations added 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 2/11 down @  15,660.18  -254.56  (-1.60%)

  •   :: Pivot point   15687.00
  •   Support (s1)  15476.19       Support (s2)   15292.19
  •   Resistance (r1)   15871.00   Resistance (r2)   16081.81
  •   Simple Moving Average (Close 50):    16818.40
  •   52 week performance   -12.33%  YTD performance  -10.13%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 2/11 down @   4,266.84   -16.75  (-0.39%)
  •   :: Pivot point   4256.61
  •   Support (s1)  4219.99      Support (s2)  4173.15
  •   Resistance (r1)  4303.45    Resistance (r2)  4340.07
  •   Simple Moving Average (Close 50):  4762.25
  •   52 week performance  -12.16%  YTD performance  -14.79%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 2/11 down @  1,829.08   -22.78  (-1.23%)
  •   :: Pivot point  1828.73
  •   Support (s1)  1810.45       Support (s2)  1791.83
  •   Resistance (r1)  1847.35     Resistance (r2)  1865.63
  •   Simple Moving Average (Close 50):  1971.60
  •   52 week performance  -12.42%  YTD performance  -10.51%
  •   :: Projected High: 1838.04,   Projected Low:  1801.14
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 2/11 down @ 1,005.89   -12.88  (-1.26%)
  •   :: Pivot point   1005.88
  •   Support (s1)   995.56     Support (s2)   985.22
  •   Resistance (r1)  1016.22  Resistance (r2)  1026.54
  •   Simple Moving Average (Close 50):   1089.81
  •   52 week performance  -12.73%  YTD performance  -11.13%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 2/11 down @    953.72    -9.77  (-1.01%)
  •   :: Pivot point   951.90
  •   Support (s1)   944.92       Support (s2)   936.11
  •   Resistance (r1)   960.71    Resistance (r2)   967.69
  •   Simple Moving Average (Close 50):  1076.75
  •   52 week performance  -21.59%  YTD performance  -16.04%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 2/11 down @ 1,067.34   -13.47  (-1.25%)
  •   :: Pivot point   1067.29
  •   Support (s1)   1056.50     Support (s2)  1045.65
  •   Resistance (r1)  1078.14   Resistance (r2)  1088.93
  •   Simple Moving Average (Close 50):   1163.10
  •   52 week performance    -14.60%  YTD performance  -11.50%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 2/11 down @  16.44
  •   :: Pivot point    16.20
  •   Support (s1)   15.91       Support (s2)  15.38
  •   Resistance (r1)  16.73     Resistance (r2)  17.02
  •   Simple Moving Average (Close 50):  21.03
  •   Simple Moving Average (Close 200)  22.15
  •   :: Close (26 days) above/below (+/-) sma200  (-5.712) (-25.784)
  •   :: 52 week performance  -17.22%  YTD performance  -27.55%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 2/11 up @ 28.14
  •   :: Pivot point    28.57
  •   Support (s1)    26.24      Support (s2)   24.34
  •   Resistance (r1)  30.47    Resistance (r2)  32.80
  •   Simple Moving Average (Close 50):  21.39
  •   :: 52 week performance   91.56%  YTD performance  54.53%
    –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 2/12/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     15779.00  …  15384.19
  •   Nasdaq,         4321.76  …   4238.30
  •   S&P 500,        1838.04  …   1801.14
  •   Russell 1000,   1011.05  …    990.39
  •   Russell 2000,    956.31  …    940.52
  •   Russell 3000,   1072.72  …   1051.08
  •   CBOE TNX,         16.88  …     16.06
  •   Volatility,       29.52  …     25.29
 V.  Index: 52week High,  52week Low, (Close 12/31/2015)
  • Dow Jones    18351.36    15370.33  (17425.03)
  • Nasdaq           5231.94     4209.76*  (5007.41)
  • S&P 500         2134.72       1810.10*  (2043.94)
  •   ——————————————-
  • Rus 1k (RUI)     1191.59     995.55*  (1069.65)
  • Rus 2k (RUT)  1296.00     943.10*  (1135.89)
  • Rus 3k (RUA)  1275.89    1056.45*  (1206.10)
  • CBOE (TNX)       24.89     15.67    (22.69)
  • Volatility(VIX)  53.29     10.88    (18.21)
 *52wk Low  

 

——  Monday, 2/8/2016 thru Friday 2/12/2016  ——-

 

  •  ( 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:

 
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Hope the above Index Support and Resistance calculations for Friday, 2/12/2016 help your investing and trading today …

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