Index Support and Resistance for Wednesday, 2/3/2016

  Below you will find the Index Support and Resistance for Wednesday, 2/3/2016 as calculated from the changes in Index points through Tuesday, 2/2/2016’s close.  This February has 29 days.
Another steep drop in the price of oil weighed on global markets Tuesday. Investors remained deeply concerned about the global economy following this week’s disappointing Chinese and U.S. manufacturing data.
  Through the close of regular hours trading on Tuesday:
  The Dow Jones Industrial Average fell 295.64 points, or 1.8 percent, to 16,153.54.  For the week, the DJIA is down 312.76 points, or 1.9 percent.  Year to date, the DJIA is down 1,271.49 points, or 7.3 percent.
  The Standard & Poor’s 500 Index lost 36.35 points, or 1.9 percent, to 1,903.03.  For the week, the S&P 500 has lost 37.21 points, or 1.9 percent.    Year to date, the S&P 500 is down 140.91 points, or 6.9 percent.
  The Nasdaq composite index lost 103.42 points, or 2.2 percent, to 4,516.95.  For the week, the Nasdaq is down 97.01 points, or 2.1 percent.  Year to date, the Nasdaq is down 490.46 points, or 9.8 percent.
                                                            –     –
 Index performance Tuesday, 2/2/2016
Dow Jones    16153.54 (-295.640) (-1.797)   (chart: blue)
Nasdaq           4516.95 (-103.420) (-2.238)   (chart: gold)
S&P 500         1903.03  (-36.350) (-1.874)    (chart: red)
——————————————-
Rus 1k (RUI)   1048.98  (-20.670) (-1.932)
Rus 2k (RUT)  1008.84  (-23.550) (-2.281)
Rus 3k (RUA)   1114.22  (-22.240) (-1.957)
CBOE (TNX)        18.64 (-1.020)  (-5.188)
Volatility(VIX)   21.98  +2.000 +10.010%
     –   –   –   –           –   –   –   –           –   –   –   –
III.  Index Support and Resistance for Wednesday, 2/3/2016
 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 2/2 down @  16153.54 (-295.640) (-1.797)
  •   :: Pivot point   16227.40
  •   Support (s1)  16034.58       Support (s2)   15915.63
  •   Resistance (r1)   16346.35   Resistance (r2)   16539.17
  •   Simple Moving Average (Close 50):    17056.77
  •   52 week performance   -6.96%  YTD performance  -7.30%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed  2/2 down @   4516.95 (-103.420) (-2.238)
  •   :: Pivot point   4536.66
  •   Support (s1)   4483.41      Support (s2)  4536.00
  •   Resistance (r1)  4570.19    Resistance (r2)  4623.44
  •   Simple Moving Average (Close 50):  4867.38
  •   52 week performance  -4.46%  YTD performance  -9.79%

( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 2/2 down @  1903.03  (-36.350) (-1.874)

  •   :: Pivot point  1911.86
  •   Support (s1)  1888.46        Support (s2)  1873.89
  •   Resistance (r1)  1926.43     Resistance (r2)  1949.83
  •   Simple Moving Average (Close 50):  2001.82
  •   52 week performance  -7.17%  YTD performance  -6.89%
  •   :: Projected High: 1919.15,   Projected Low:  1881.18

( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 2/2 down @ 1048.98  (-20.670) (-1.932)

  •   :: Pivot point   1054.57
  •   Support (s1)  1040.28     Support (s2)  1031.59
  •   Resistance (r1)  1063.26  Resistance (r2)  1077.55
  •   Simple Moving Average (Close 50):   1107.66
  •   52 week performance  -6.81%  YTD performance  -7.32%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 2/2 down @  1008.84  (-23.550) (-2.281)
  •   :: Pivot point  1014.93
  •   Support (s1)   999.31       Support (s2)   989.77
  •   Resistance (r1)  1024.47    Resistance (r2)  1040.09
  •   Simple Moving Average (Close 50):  1105.72
  •   52 week performance  -15.72%  YTD performance  -11.19%

( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 2/2 down @ 1114.22  (-22.240) (-1.957%)

  •   :: Pivot point   1120.21
  •   Support (s1)   1104.89     Support (s2)  1095.56
  •   Resistance (r1)   1129.54  Resistance (r2)  1144.86
  •   Simple Moving Average (Close 50):   1182.15
  •   52 week performance    -8.40%  YTD performance  -7.62%

( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 2/2 down @  18.64

  •   :: Pivot point    18.83
  •   Support (s1)   18.43       Support (s2)  18.21
  •   Resistance (r1)  19.05    Resistance (r2)  19.45
  •   Simple Moving Average (Close 50):  21.68
  •   Simple Moving Average (Close 200)  22.20
  •   :: Close (19 days) above/below (+/-) sma200  (-3.559) (-16.031)
  •   :: 52 week performance  +4.72%  YTD performance  -17.85%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 2/2 up @  21.98
  •   :: Pivot point    21.82
  •   Support (s1)    21.22      Support (s2)   20.46
  •   Resistance (r1)  22.58    Resistance (r2)  23.18
  •   Simple Moving Average (Close 50):  20.05
  •   :: 52 week performance   19.91%  YTD performance  20.70%
    –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Wednesday, 2/3/2016
  • Index,  :: Projected High,  Projected Low   
  •   Dow Jones,     16286.88  …  15975.11
  •   Nasdaq,         4553.43  …   4466.65
  •   S&P 500,        1919.15  …   1881.18
  •   Russell 1000,   1058.92  …   1035.94
  •   Russell 2000,   1019.70  …    994.54
  •   Russell 3000,   1124.88  …   1100.23
  •   CBOE TNX,         18.94  …     18.32
  •   Volatility,       22.88  …     21.52
 V.  Index: 52week High,  52week Low, (Close 12/31/2015)
  • Dow Jones    18351.36 15370.33  (17425.03)
  • Nasdaq        5231.94    4292.14   (5007.41)
  • S&P 500       2134.72    1812.29   (2043.94)
  •   ——————————————-
  • Rus 1k (RUI)  1191.59     998.66   (1069.65)
  • Rus 2k (RUT)  1296.00     958.48   (1135.89)
  • Rus 3k (RUA)  1275.89    1060.61   (1206.10)
  • CBOE (TNX)       24.89     17.17    (22.69)
  • Volatility(VIX)  53.29     10.88    (18.21)
—     —     —     —     —     —     —     —     —
——  Monday, 2/1/2016 thru Friday 2/5/2016  ——-

  •  ( 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

 

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Hope the above Index Support and Resistance calculations for Wednesday, 2/3/2016 help your investing and trading today …

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