Index Support and Resistance for Wednesday, 3/16/2016

 

 Below you will find the Index Support and Resistance for Wednesday, 3/16/2016 as calculated from the changes in Index points through Tuesday, 3/15/2016’s close.  The focus now is on the FOMC … and make no mistake, the whole world is watching.   As I stated previously, given the uncertain state of the global economy … and the potential fallout from global economic weakness impacting USA companies, their growth, or lack thereof, and thereafter the USA economy, growth, and jobs … I still can’t see room for any more than two Fed rate increases in 2016.   If you are following my blogs, then you know I use the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX), and more,  in my calculations of where Mr. & Ms. Fickle Markets might be sending the indices.   If the Fed raises rates to 1% in 2016 … the Fed, itself,  “instigates” USA inflation to  its target of 2% …. and the projection (at this time) for the 10 year will be to climb to 2.5 to 2.8%.   Mr. and Ms. Fickle Markets will have an opportunity, between the global Central banks “negative interest rates” gamble, and  the Feds “stable to slightly higher” gamble to  profit on increases in … precious metals.  
2016 Precious Metals Projection (at this time):     Gold to $1350 to 1380 … anyone? 
 Index chart 20160315
 Index performance Tuesday, 3/15/2016
  • Dow Jones     17,251.53  +22.40  (+0.13%)    (chart: blue)
  • Nasdaq         4,728.67  -21.61  (-0.45%)    (chart: gold)
  • S&P 500        2,015.93   -3.71  (-0.18%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)   1,112.73   -2.92  (-0.26%)
  • Rus 2k (RUT)   1,066.67  -17.58  (-1.62%)
  • Rus 3k (RUA)   1,181.64   -4.29  (-0.36%)
  • CBOE (TNX)        19.59   -0.04  (-0.20%)
  • Volatility(VIX)   16.84   -0.08  (-0.47%)
 I. a. Select stocks of interest, from Tuesday, 3/15/2016
  • AAPL   104.58  +2.06 (+2.01%)   After Hours: 104.62 +0.04 (0.04%)
  • C   ….    42.60  -0.07 (-0.16%)   After Hours:  42.60 +0.00 (0.00%)
  • CHK …     4.17  -0.21 (-4.79%)
  • GE …     30.27  +0.00 (+0.00%)   After Hours:  30.29 +0.02 (0.07%)
  • JCP  ….   11.19  -0.28 (-2.48%)   After Hours:  11.23 +0.04 (0.31%)
  • MPC .    36.62  -0.42 (-1.13%)   After Hours:  36.63 +0.01 (0.03%)
  • MU  ..    10.85  -0.30 (-2.69%)   After Hours:  10.85 +0.00 (0.00%)
  • VRNG .    1.75  -0.13 (-6.91%)   After Hours:   1.74 -0.01 (-0.57%)
  • VZ …     52.68  +0.14 (+0.27%)
 I. b. Sector summary from Tuesday, 3/15/2016
Sector Change +/-% (best (or least worst) to worst)
  • Technology ………………….. +0.09%
  • Utilities …………………… -0.09%
  • Non-Cyclical Cons. Goods ……… -0.17%
  • Industrials …………………. -0.28%
  • Cyclical Cons. Goods …………. -0.31%
  • Telecommunications Srvcs ……… -0.36%
  • Financials ………………….. -0.61%
  • Energy ……………………… -0.63%
  • Basic Materials ……………… -1.86%
  • Healthcare ………………….. -1.91%
 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 3/15/2016
  II. a.  USA  Bonds
  • 3 Month  0.30%  +0.02  (7.14%)
  • 6 Month  0.46%  +0.01  (2.22%)
  • 2 Year   0.96%  +0.04  (4.35%)
  • 5 Year   1.49%  +0.05  (3.47%)
  • 10 Year  1.96%  +0.04  (2.08%)
  • 30 Year  2.73%  +0.03  (1.11%)

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

    •    –   –   –   –           –   –   –   –           –   –   –   –

 

 III.  Index Support and Resistance for Wednesday, 3/16/2016
  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 3/15 up  @  17,251.53  +22.40  (+0.13%)
  •   :: Pivot point   17207.86
  •   Support (s1)  17164.02       Support (s2)   17076.51
  •   Resistance (r1)   17295.37   Resistance (r2)   17339.21
  •   Simple Moving Average (Close 50):    16464.81
  •   52 week performance  -4.04%  YTD performance  -1.00%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 3/15 down  @   4,728.67  -21.61  (-0.45%)
  •   :: Pivot point   4725.34
  •   Support (s1)   4715.40      Support (s2)  4702.14
  •   Resistance (r1)  4738.60    Resistance (r2)  4748.54
  •   Simple Moving Average (Close 50):  4572.12
  •   52 week performance  -4.23%  YTD performance  -5.57%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 3/15 down  @  2,015.93   -3.71  (-0.18%)
  •   :: Pivot point  2012.37
  •   Support (s1)  2008.79        Support (s2)  2001.66
  •   Resistance (r1)  2019.50     Resistance (r2)  2023.08
  •   Simple Moving Average (Close 50):  1930.35
  •   52 week performance  -2.81%  YTD performance  -1.37%
  •   :: Projected High: 2021.29,   Projected Low:  2010.58
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 3/15 down  @  1,112.73   -2.92  (-0.26%)
  •   :: Pivot point   1111.44
  •   Support (s1)  1108.46      Support (s2)  1104.20
  •   Resistance (r1)  1115.70   Resistance (r2)  1118.68
  •   Simple Moving Average (Close 50):   1065.10
  •   52 week performance  -4.27%  YTD performance  -1.69%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 3/15 down  @  1,066.67  -17.58  (-1.62%)
  •   :: Pivot point  1071.62
  •   Support (s1)  1060.56       Support (s2)   1054.45
  •   Resistance (r1)  1077.73    Resistance (r2)  1088.79
  •   Simple Moving Average (Close 50):  1029.87
  •   52 week performance  -14.13%  YTD performance  -6.09%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 3/15 down   @  1,181.64   -4.29  (-0.36%)
  •   :: Pivot point   1180.91
  •   Support (s1)   1177.23     Support (s2)  1172.82
  •   Resistance (r1)  1185.32   Resistance (r2)  1189.00
  •   Simple Moving Average (Close 50):   1132.14
  •   52 week performance    -5.94%   YTD performance  -2.03%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 3/15 down   @  19.59   -0.04  (-0.20%)
  •   :: Pivot point    19.50
  •   Support (s1)    19.24      Support (s2)  18.90
  •   Resistance (r1)  19.84     Resistance (r2)  20.10
  •   Simple Moving Average (Close 50):  19.18
  •   Simple Moving Average (Close 200)  21.76
  •   :: Close (48 days) above/below (+/-) sma200  (-2.167) (-9.960%)
  •   :: 52 week performance  -4.81%   YTD performance  -13.66%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 3/15 down  @  16.84   -0.08  (-0.47%)
  •   :: Pivot point    17.18
  •   Support (s1)    16.50      Support (s2)   16.17
  •   Resistance (r1)  17.51     Resistance (r2)  18.19
  •   Simple Moving Average (Close 50):  21.86
  •   :: 52 week performance   20.54%   YTD performance  -7.52%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Wednesday, 3/16/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     17317.29  …  17185.94
  •   Nasdaq,         4731.97  …   4708.77
  •   S&P 500,        2021.29  …   2010.58
  •   Russell 1000,   1113.57  …   1106.33
  •   Russell 2000,   1074.68  …   1057.51
  •   Russell 3000,   1183.12  …   1175.03
  •   CBOE TNX,         19.97  …     19.37
  •   Volatility,       17.35  …     16.34
 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  ——-

 

( 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:

 
              [ More  Blogs ]
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  Hope the above Index Support and Resistance calculations for Wednesday, 3/16/2016
help your investing and trading today …
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