Index Support and Resistance for Thursday, 2/18/2016

  Below you will find the Index Support and Resistance for Thursday, 2/18/2016 as calculated from the changes in Index points through Wednesday, 2/17/2016’s close.    Note:   Tomorrow is third Friday of the  month  options expiration.   Financial market movements can be erratic on days when options and futures contracts expire. This is especially true on triple witching hour days (or quadruple witching hour end-of-quarter days). It is therefore suggested that you consider not trading on the 3rd Friday of each month. 

 

 Index performance Wednesday, 2/17/2016

• Dow Jones    16,453.83  +257.42  (+1.59%)    (chart: blue)
• Nasdaq  …      4,534.06   +98.11  (+2.21%)    (chart: gold)
• S&P 500  …     1,926.82   +31.24  (+1.65%)    (chart:  red)
•   ——————————————-
• Rus 1k (RUI)  1,061.05   +17.70  (+1.70%)
• Rus 2k (RUT)  1,011.13   +15.33  (+1.54%)
• Rus 3k (RUA)  1,126.28   +18.66  (+1.68%)
• CBOE (TNX)       18.19    +0.41  (+2.31%)
• Volatility(VIX)  22.31    -1.80  (-7.47%)

 I. a. Select stocks of interest, from Wednesday, 2/17/2016

• AAPL    98.12  +1.48 (+1.53%)   After Hours: 98.28 +0.16 (0.16%)
• C  ….    39.78  +0.89 (+2.29%)   After Hours: 39.91 +0.13 (0.33%)
• CHK  ..   1.88  +0.01 (+0.81%)
• GE  ..   29.29  +0.43 (+1.49%)   After Hours: 29.35 +0.06 (0.20%)
• JCP  …   7.83  +0.41 (+5.53%)
• MPC     32.96  +0.42 (+1.29%)   After Hours: 33.11 +0.15 (0.46%)
• MU        11.43  +0.62 (+5.74%)   After Hours: 11.45 +0.02 (0.17%)
• VRNG     1.39   0.00 (+0.00%)
• VZ        50.30  +0.06 (+0.12%)   After Hours: 50.34 +0.04 (0.08%)

 I. b. Sector summary from Wednesday, 2/17/2016

Sector Change +/-% (best (or least worst) to worst) 

• Energy ………………………… +3.70% 
• Basic Materials ………………… +2.52% 
• Technology …………………….. +2.27%    
• Cyclical Cons. Goods ……………. +1.92% 
• Industrials ……………………. +1.66%  
• Financials …………………….. +1.62% 
• Healthcare …………………….. +1.42% 
• Telecommunications Srvcs ………… +1.22% 
• Non-Cyclical Cons. Goods ………… +0.96%    
• Utilities ……………………… +0.35% 

 
 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 2/17/2016

  II. a.  USA  Bonds

• 3 Month  0.29%  +0.01 (3.57%)
• 6 Month  0.41%  +0.02 (5.13%)
• 2 Year  0.75%  +0.01 (1.35%)
• 5 Year  1.26%  0.00 (0.00%)
• 10 Year  1.82%  +0.01 (0.55%)
• 30 Year  2.67%  +0.02 (0.75%)

 II. b.  US Energy Information Administration   (US EIA)

• Petroleum & Other Liquids
• Weekly Supply Estimates
• This Week in Petroleum
• Crude oil storage and capacity have increased in Cushing, Oklahoma and U.S. Gulf Coast

For both Bulls and Bears:

Reuters current XLE quote and more

SELECT SECTOR SPDR ENERGY FUND (XLE) (d-w-m) (p2)

 Related previous XLE analysis:

   SELECT SECTOR SPDR ENERGY FUND (XLE) d/w/m

     –   –   –   –           –   –   –   –           –   –   –   –

III.  Index Support and Resistance for Thursday, 2/18/2016

  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 2/17 up @  16,453.83  +257.42  (+1.59%)

•   :: Pivot point   16385.98
•   Support (s1)  16285.83       Support (s2)   16117.84
•   Resistance (r1)   16553.97   Resistance (r2)   16654.12
•   Simple Moving Average (Close 50):    16728.97
•   52 week performance   -8.83%  YTD performance  -5.57%

( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 2/17 up @    4,534.06   +98.11  (+2.21%)

•   :: Pivot point   4512.78
•   Support (s1)  4484.79      Support (s2)  4435.51
•   Resistance (r1)  4562.06    Resistance (r2)  4590.05
•   Simple Moving Average (Close 50):  4722.06
•   52 week performance  -7.59%  YTD performance  -9.45%

( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 2/17 up @  1,926.82   +31.24  (+1.65%)

•   :: Pivot point  1918.77
•   Support (s1)  1906.85       Support (s2)  1886.89
•   Resistance (r1)  1938.73     Resistance (r2)  1950.65
•   Simple Moving Average (Close 50):  1960.71
•   52 week performance  -8.23%  YTD performance  -5.73%
•   :: Projected High: 1944.69,   Projected Low:  1912.81

( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 2/17 up @ 1,061.05   +17.70  (+1.70%)

•   :: Pivot point   1056.33
•   Support (s1)  1049.48     Support (s2)  1037.92
•   Resistance (r1)  1067.89  Resistance (r2)  1074.74
•   Simple Moving Average (Close 50):   1083.26
•   52 week performance  -9.36%  YTD performance  -6.26%

( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 2/17 up @  1,011.13   +15.33  (+1.54%)

•   :: Pivot point  1008.41
•   Support (s1)  1000.55       Support (s2)   989.96
•   Resistance (r1)  1019.00    Resistance (r2)  1026.86
•   Simple Moving Average (Close 50):  1065.00
•   52 week performance  -17.66%  YTD performance  -10.98%

( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 2/17 up @ 1,126.28   +18.66  (+1.68%)

•   :: Pivot point   1121.38
•   Support (s1)   1114.12     Support (s2)  1101.95
•   Resistance (r1)  1133.55   Resistance (r2)  1140.81
•   Simple Moving Average (Close 50):   1154.16
•   52 week performance    -9.97%  YTD performance  -6.62%

( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 2/17 up @  18.19    +0.41  (+2.31%)

•   :: Pivot point    18.21
•   Support (s1)   17.95       Support (s2)  17.71
•   Resistance (r1)  18.45     Resistance (r2)  18.71
•   Simple Moving Average (Close 50):  20.76
•   Simple Moving Average (Close 200)  22.11
•   :: Close (29 days) above/below (+/-) sma200  (-3.923) (-17.741%)
•   :: 52 week performance  -11.96%  YTD performance  -19.83% 

( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 2/17 down @ 22.31    -1.80  (-7.47%)

•   :: Pivot point    22.77
•   Support (s1)    21.37      Support (s2)   20.44
•   Resistance (r1)  23.70    Resistance (r2)  25.10
•   Simple Moving Average (Close 50):  21.86
•   :: 52 week performance   45.91%  YTD performance  22.52%

    –   –   –   –           –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Thursday, 2/18/2016

Index,  :: Projected High,  Projected Low

•   Dow Jones,     16604.05  …  16335.91
•   Nasdaq,         4576.06  …   4498.79
•   S&P 500,        1944.69  …   1912.81
•   Russell 1000,   1071.32  …   1052.91
•   Russell 2000,   1022.93  …   1004.48
•   Russell 3000,   1137.18  …   1117.75
•   CBOE TNX,         18.58  …     18.08
•   Volatility,       23.24  …     20.91

 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)

——  Monday, 2/15/2016 thru Friday 2/19/2016  ——-

• Index Support and Resistance for Friday, 2/12/2016
• Index Support and Resistance for Monday, 2/15/2016
• Index Support and Resistance for Tuesday, 2/16/2016
• Index Support and Resistance for Wednesday, 2/17/2016

 

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Hope the above Index Support and Resistance calculations for Thursday, 2/18/2016
help your investing and trading today …