Index Support and Resistance for Friday, 2/19/2016

Today  is third Friday of the  month  options expiration.   Bulls running out of time versus Bears running out of time.  Demand versus supply.  Volatility 101.  USA Financial market movements can be volatile, and downright 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 your money, to do with as you please, and see fit to do, but it is none the less RISKIER today, and therefore suggested that you consider not trading on the 3rd Friday of each month.  Sit back and watch the bearish traders and speculators as they seek to beat down stock prices to make the associated options expire worthless … while the bullish option “longs” seek to force the options, and their associated stocks,  to close in the green.  Then there are those bullishly playing options with the intent to exercise them to take the stock away from the sellers …  with the options sellers  accessing their accounts this weekend and surprisingly finding they’ve been “assigned” to deliver.    ( insert smiley face here)

Below you will find the regular hours trading, and select after hours, or pre-market hours trading, with end of day data that goes into the calculations of the Index Support and Resistance for Friday, 2/19/2016 as calculated from the changes in Index points through Thursday, 2/18/2016’s close.   Heads up Note:  each of the indexes closed below their pivot point for today … even the VIX … an indication that Mr. & Ms. Fickle Markets are Bearish.  

 

  Index chart 20160218
 Index performance Thursday, 2/18/2016
  • Dow Jones    16,413.43  -40.40  (-0.25%)    (chart: blue)
  • Nasdaq        4,487.54  -46.53  (-1.03%)    (chart: gold)
  • S&P 500       1,917.83   -8.99  (-0.47%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,056.23   -4.82  (-0.45%)
  • Rus 2k (RUT)  1,004.71   -6.43  (-0.64%)
  • Rus 3k (RUA)  1,121.02   -5.26  (-0.47%)
  • CBOE (TNX)       17.59   -0.60  (-3.30%)
  • Volatility(VIX)  21.64   -0.67  (-3.00%)
 I. a. Select stocks of interest, from Thursday, 2/18/2016
  • AAPL   96.26  -1.86 (-1.90%)   After Hours: 96.22 -0.04 (-0.04%)
  • C      38.91  -0.87 (-2.19%)
  • CHK     1.97  +0.10 (+5.07%)   After Hours: 1.97 0.00 (0.00%)
  • GE     29.08  -0.26 (-0.90%)
  • JCP     7.62  -0.21 (-2.68%)   After Hours: 7.63 +0.01 (0.13%)
  • MPC    31.37  -1.59 (-4.82%)   After Hours: 31.37 0.00 (0.00%)
  • MU     11.49  +0.06 (+0.52%)   After Hours: 11.50 +0.01 (0.09%)
  • VRNG    1.56  +0.17 (12.23%)
  • VZ     50.96  +0.64 (+1.27%)
 I. b. Sector summary from Thursday, 2/18/2016
Sector Change +/-% (best (or least worst) to worst)  
  • Utilities ……………………… +1.18%
  • Telecommunications Srvcs ………… +0.05% 
  • Industrials ……………………. -0.11%
  • Non-Cyclical Cons. Goods ………… -0.18%
  • Basic Materials ………………… -0.24%
  • Technology …………………….. -0.46%
  • Healthcare …………………….. -0.65%
  • Financials …………………….. -0.70%
  • Energy ………………………… -0.75%
  • Cyclical Cons. Goods ……………. -0.80%

 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 2/18/2016

  •   II. a.  USA  Bonds
  • 3 Month  0.30%  0.00 (0.00%)
  • 6 Month  0.42%  0.00 (0.00%)
  • 2 Year  0.69%  -0.05 (-6.76%)
  • 5 Year  1.19%  -0.07 (-5.56%)
  • 10 Year  1.74%  -0.08 (-4.40%)
  • 30 Year  2.61%  -0.08 (-2.97%)
 II. b.   US Energy Information Administration   (US EIA)

     –   –   –   –           –   –   –   –           –   –   –   –
III.  Index Support and Resistance for Friday, 2/19/2016
  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 2/18 down @  16,413.43  -40.40  (-0.25%)
  •   :: Pivot point   16438.57
  •   Support (s1)  16365.29       Support (s2)   16317.16
  •   Resistance (r1)   16486.70   Resistance (r2)   16559.98
  •   Simple Moving Average (Close 50):    16700.28
  •   52 week performance   -8.97%  YTD performance  -5.81%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 2/18 down @    4,487.54  -46.53  (-1.03%)
  •   :: Pivot point   4506.26
  •   Support (s1)   4464.05      Support (s2)  4440.56
  •   Resistance (r1)  4529.75    Resistance (r2)  4571.96
  •   Simple Moving Average (Close 50):  4708.97
  •   52 week performance  -8.88%  YTD performance  -10.38%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 2/18 down @  1,917.83   -8.99  (-0.47%)
  •   :: Pivot point  1920.97
  •   Support (s1)  1911.95       Support (s2)  1906.06
  •   Resistance (r1)  1926.86     Resistance (r2)  1935.88
  •   Simple Moving Average (Close 50):  1957.23
  •   52 week performance  -8.56%  YTD performance  -6.17%
  •   :: Projected High: 1923.92,   Projected Low:  1909.01
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 2/18 down @ 1,056.23   -4.82  (-0.45%)
  •   :: Pivot point   1057.84
  •   Support (s1)  1053.08     Support (s2)  1049.92
  •   Resistance (r1)  1061.00  Resistance (r2)  1065.76
  •   Simple Moving Average (Close 50):   1081.20
  •   52 week performance  -9.80%  YTD performance  -6.68%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)    2/18
Closed 2/18 down @  1,004.71   -6.43  (-0.64%)
  •   :: Pivot point  1006.91
  •   Support (s1)  1000.21       Support (s2)  995.72
  •   Resistance (r1)  1011.40    Resistance (r2)  1018.10
  •   Simple Moving Average (Close 50):  1061.43
  •   52 week performance  -18.18%  YTD performance  -11.55%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 2/18 down @ 1,121.02   -5.26  (-0.47%)
  •   :: Pivot point   1122.78
  •   Support (s1)   1117.56     Support (s2)  1114.10
  •   Resistance (r1)  1126.24   Resistance (r2)  1131.46
  •   Simple Moving Average (Close 50):   1152.41
  •   52 week performance    -10.94%  YTD performance  -7.05%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 2/18 down @  17.59   -0.60  (-3.30%)
  •   :: Pivot point    17.81
  •   Support (s1)   17.33       Support (s2)  17.06
  •   Resistance (r1)  18.08     Resistance (r2)  18.56
  •   Simple Moving Average (Close 50):  20.66
  •   Simple Moving Average (Close 200)  22.10
  •   :: Close (30 days) above/below (+/-) sma200  (-4.508) (-20.401%)
  •   :: 52 week performance  -16.75%  YTD performance  -22.48% 
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 2/18 down @ 21.64   -0.67  (-3.00%)
  •   :: Pivot point    21.82
  •   Support (s1)    21.11      Support (s2)   20.58
  •   Resistance (r1)  22.35     Resistance (r2)  23.06
  •   Simple Moving Average (Close 50):  21.98
  •   :: 52 week performance   51.33%  YTD performance  18.84%
    –   –   –   –           –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 2/19/2016
Index,  :: Projected High,  Projected Low
  •   Dow Jones,     16462.64  …  16341.23
  •   Nasdaq,         4518.01  …   4452.31
  •   S&P 500,        1923.92  …   1909.01
  •   Russell 1000,   1059.42  …   1051.50
  •   Russell 2000,   1009.16  …    997.97
  •   Russell 3000,   1124.51  …   1115.83
  •   CBOE TNX,         17.95  …     17.20
  •   Volatility,       22.09  …     20.85
 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  ——-

 

  •  ( 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:

 
              [ Blogs ]                                              –  –

Hope the above Index Support and Resistance calculations for this Triple Witching options expiration Friday, 2/19/2016  help your investing and trading today …   

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s