Index Support and Resistance for Thursday, 3/17/2016

 

  For those of us that can enjoy Irish stories of the Blarney Stone, Leprechauns, and pots of gold at the ends of the rainbow … Happy St. Patrick’s Day.    Below you will find the Index Support and Resistance for Thursday, 3/17/2016   as calculated from the changes in Index points through Wednesday, 3/16/2016’s close.  Heads up: The SMA 50 for the DJIA (.DJI), the S&P 500, and the Russell 1000 (.RUI) up ticked, the first uptick since 12/31/2015 for each Bullish … looking for a confirmation.
     The median of the Fed’s policy makers’ updated quarterly projections saw the rate at 0.875 percent at the end of 2016, implying two quarter-point increases this year, down from four the Fed forecast in December.
Index chart 20160316
 Index performance Wednesday, 3/16/2016
  • Dow Jones    17,325.76  +74.23  (+0.43%)    (chart: blue)
  • Nasdaq  …     4,763.97  +35.30  (+0.75%)    (chart: gold)
  • S&P 500 …    2,027.22  +11.29  (+0.56%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)    1,119.59   +6.86  (+0.62%)
  • Rus 2k (RUT)  1,074.51   +7.84  (+0.74%)
  • Rus 3k (RUA)  1,189.03   +7.39  (+0.63%)
  • CBOE (TNX)         19.38   -0.21  (-1.07%)
  • Volatility(VIX)    14.99   -1.85 (-10.99%)
 I. a. Select stocks of interest, from Wednesday, 3/16/2016
  • AAPL     105.97  +1.39 (+1.33%)   After Hours: 105.52 -0.45 (-0.42%)
  • C  ….     42.24  -0.35 (-0.82%)   After Hours:  42.21 -0.03 (-0.07%)
  • CHK  ….    4.41  +0.23 (+5.50%)   After Hours:   4.48 +0.07 (+1.59%)
  • GE …     30.19  -0.09 (-0.30%)   After Hours:  30.17 -0.02 (-0.07%)
  • JCP …    11.23  +0.04 (+0.31%)   After Hours:  11.22 -0.01 (-0.04%)
  • MPC       38.39  +1.76 (+4.80%)   After Hours:  38.30 -0.09 (-0.23%)
  • MU        10.72  -0.13 (-1.20%)   After Hours:  10.72 -0.00 (-0.00%)
  • VRNG       1.80  +0.05 (+2.86%)
  • VZ  ….    53.22  +0.55 (+1.04%)   After Hours:+ 53.20 -0.02 (-0.04%)
 I. b. Sector summary from Wednesday, 3/16/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials  ………………… +2.66%
  • Energy  ……………………………..+2.01%
  • Telecommunications Srvcs ………… +1.27%
  • Utilities  …………………………………+1.19%
  • Technology ……………………………. +1.06%
  • Cyclical Cons. Goods ………………… +0.85%
  • Industrials …………………………….. +0.81%
  • Non-Cyclical Cons. Goods …………. +0.29%
  • Financials ……………………………… +0.08%
  • Healthcare ……………….. -0.25% 
 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 3/16/2016
  II. a.  USA  Bonds
  • 3 Month  0.27%  -0.02 (-6.90%)
  • 6 Month  0.43%  -0.03 (-6.52%)
  • 2 Year  0.86%  -0.12 (-12.24%)
  • 5 Year  1.38%  -0.13 (-8.61%)
  • 10 Year  1.91%  -0.07 (-3.54%)
  • 30 Year  2.71%  -0.02 (-0.73%)
  II. b.   US Energy Information Administration   (US EIA)

 III.  Index Support and Resistance for Thursday, 3/17/2016
   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 3/16 up  @  17,325.76  +74.23  (+0.43%)
  •   :: Pivot point   17303.00
  •   Support (s1)  17226.83       Support (s2)   17127.89
  •   Resistance (r1)   17401.94   Resistance (r2)   17478.11
  •   Simple Moving Average (Close 50):    16468.34
  •   52 week performance  -2.93%  YTD performance  -0.57%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 3/16 up  @   4,763.97  +35.30  (+0.75%)
  •   :: Pivot point   4751.73
  •   Support (s1)   4728.69      Support (s2)  4693.40
  •   Resistance (r1)  4787.02    Resistance (r2)  4810.06
  •   Simple Moving Average (Close 50):  4569.34
  •   52 week performance  -4.39%  YTD performance  -4.86%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 3/16 up  @  2,027.22  +11.29  (+0.56%)
  •   :: Pivot point  2023.09
  •   Support (s1)  2014.17        Support (s2)  2001.11
  •   Resistance (r1)  2036.15     Resistance (r2)  2045.07
  •   Simple Moving Average (Close 50):  1930.64
  •   52 week performance  -3.44%  YTD performance  -0.82%
  •   :: Projected High: 2040.61,   Projected Low:  2018.63
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 3/16 up  @  1,119.59   +6.86  (+0.62%)
  •   :: Pivot point   1117.18
  •   Support (s1)  1112.27      Support (s2)  1104.96
  •   Resistance (r1)  1124.49   Resistance (r2)  1129.40
  •   Simple Moving Average (Close 50):   1065.20
  •   52 week performance  -3.43%  YTD performance  -1.09%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 3/16 up  @  1,074.51   +7.84  (+0.74%)
  •   :: Pivot point  1071.56
  •   Support (s1)  1066.61       Support (s2)   1058.71
  •   Resistance (r1)  1079.46    Resistance (r2)  1084.41
  •   Simple Moving Average (Close 50):  1029.19
  •   52 week performance  -14.19%  YTD performance  -5.40%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 3/16 up   @  1,189.03   +7.39  (+0.63%)
  •   :: Pivot point   1186.48
  •   Support (s1)   1181.40     Support (s2)  1173.77
  •   Resistance (r1)  1194.11   Resistance (r2)  1199.19
  •   Simple Moving Average (Close 50):   1131.72
  •   52 week performance    -4.98%   YTD performance  -1.42%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 3/16 down   @  19.38   -0.21  (-1.07%)
  •   :: Pivot point    19.52
  •   Support (s1)    19.01      Support (s2)  18.65
  •   Resistance (r1)  19.88     Resistance (r2)  20.39
  •   Simple Moving Average (Close 50):  19.13
  •   Simple Moving Average (Close 200)  21.75
  •   :: Close (49 days) above/below (+/-) sma200  (-2.371) (-10.899%)
  •   :: 52 week performance  -0.67%   YTD performance  -14.59%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 3/16 down  @  14.99   -1.85 (-10.99%)
  •   :: Pivot point    15.40
  •   Support (s1)    14.48      Support (s2)   13.96
  •   Resistance (r1)  15.92     Resistance (r2)  16.84
  •   Simple Moving Average (Close 50):  21.77
  •   :: 52 week performance   6.54%   YTD performance  -17.68%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Thursday, 3/17/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     17440.03  …  17264.92
  •   Nasdaq,         4798.54  …   4740.21
  •   S&P 500,        2040.61  …   2018.63
  •   Russell 1000,   1126.95  …   1114.73
  •   Russell 2000,   1081.94  …   1069.09
  •   Russell 3000,   1196.65  …   1183.94
  •   CBOE TNX,         19.70  …     18.83
  •   Volatility,       15.66  …     14.22
 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, 3/14/2016 thru Friday 3/18/2016  ——-

 

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  Hope the above Index Support and Resistance calculations for Thursday, 3/17/2016
help your investing and trading today …
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