Index Support and Resistance for Friday, 3/18/2016

Quadruple Witching Friday ….   is in progress.

  Below you will find the Index Support and Resistance for Friday, 3/18/2016 as calculated from the changes in Index points through Thursday, 3/17/2016’s close.  Well, time is almost up … Quadruple Witching Friday … the last trading day for stock options on indexes, equities and futures, with futures themselves also expiring  is here.
Crude and the Energy Sector for tomorrow/today.   At this time, Crude is up in Asian trading.   The US EIA and the IEA have been modeling crude supply and demand … BUT, it appears we may all be victims of statistical rounding, and modeling,  .. since countries and governments that aren’t part of the “reporting” system, do not report crude usage, supply or strategic petroleum reserves … meaning, every day,  no one can truthfully say where 800,000 barrels, or more, of crude are, were, went … or even if they actually exist?
   PLUS, it also appears, the press … and the short sellers have been neglecting to report on outages … and other crude supply disruptions that may be taking as much as 2 million barrels per day of crude … the entire argued daily 1 to 2 million barrels of crude “oversupply” aka “glut” … out of the market.
   These are extremely good reasons for doing our own homework.  Shouldn’t we also be asking countries, and governments, whether they may be willing, or want to send info to the IEA, or the US EIA, or,  at least to collect and report the information to their own citizens … and to those of us willing to do our own homework?
  Heads up:   Yesterday, the SMA 50 for the Russell 3000 (.RUA) up ticked, the first uptick since 12/31/2015  joining the DJIA (.DJI), the S&P 500 (.INX, SPX), and the Russell 1000 (.RUI) which up ticked the day before, again, the first uptick since 12/31/2015 for each Bullish … looking for a confirmation and continuation.
Index chart 20160317
 Index performance Thursday, 3/17/2016
  • Dow Jones    17,481.49  +155.73  (+0.90%)    (chart: blue)
  • Nasdaq  …     4,774.98    +11.01  (+0.23%)    (chart: gold)
  • S&P 500 …     2,040.59   +13.37  (+0.66%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,127.35    +7.76  (+0.69%)
  • Rus 2k (RUT)  1,091.25   +16.74  (+1.56%)
  • Rus 3k (RUA)  1,198.02    +8.99  (+0.76%)
  • CBOE (TNX)       19.03    -0.35  (-1.81%)
  • Volatility(VIX)  14.44    -0.55  (-3.67%)
 I. a. Select stocks of interest, from Thursday, 3/17/2016
  • AAPL   105.80  -0.17  (-0.16%)   After Hours: 106.00 +0.20 (0.19%)
  • C       42.84  +0.61  (+1.44%)
  • CHK      4.78  +0.39  (+9.00%)   After Hours: 4.79 +0.01 (0.10%)
  • GE      30.96  +0.79  (+2.62%)
  • JCP     11.52  +0.29  (+2.58%)   After Hours: 11.50 -0.02 (-0.17%)
  • MPC     37.56  -0.83  (-2.16%)
  • MU      10.87  +0.15  (+1.40%)   After Hours: 10.97 +0.10 (0.92%)
  • VRNG     1.74  -0.06  (-3.33%)
  • VZ      53.64  +0.43  (+0.81%)
 I. b. Sector summary from Thursday, 3/17/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials ………………. +2.61%
  • Industrials ……………………. +1.88%
  • Energy  ………………………..  +1.85%
  • Financials …………………….. +1.47%
  • Utilities  …………………………+1.31%
  • Non-Cyclical Cons. Goods …….. +0.88%
  • Cyclical Cons. Goods ……………. +0.58%
  • Telecommunications Srvcs …….. +0.58%
  • Technology …………………. +0.33%
  • Healthcare ………………………… -0.72%
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 3/17/2016
  II. a.  USA  Bonds
  • 3 Month  0.26%  0.00 (0.00%)
  • 6 Month  0.42%  +0.02 (5.00%)
  • 2 Year  0.85%  -0.01 (-1.16%)
  • 5 Year  1.37%  +0.01 (0.74%)
  • 10 Year  1.89%  0.00 (0.00%)
  • 30 Year  2.68%  -0.01 (-0.37%)

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

 III.  Index Support and Resistance for Friday, 3/18/2016
   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 (PP), 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 (PP), 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 3/17 up  @  17,481.49  +155.73  (+0.90%) (above PP)
  •   :: Pivot point (PP)   17436.05
  •   Support (s1)  17343.09       Support (s2)   17204.69
  •   Resistance (r1)   17574.45   Resistance (r2)   17667.41
  •   Simple Moving Average (Close 50):    16474.80
  •   52 week performance  -3.29%  YTD performance  +0.32%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 3/17 up  @   4,774.99   +11.02  (+0.231%) (above PP)
  •   :: Pivot point (PP)  4767.02
  •   Support (s1)   4745.94      Support (s2)  4716.90
  •   Resistance (r1)  4796.06    Resistance (r2)  4817.14
  •   Simple Moving Average (Close 50):  4567.01
  •   52 week performance  -4.35%  YTD performance  -4.64%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 3/17 up  @  2,040.59   +13.37  (+0.66%) (above PP)
  •   :: Pivot point (PP)  2036.33
  •   Support (s1)  2026.42        Support (s2)  2012.25
  •   Resistance (r1)  2050.50     Resistance (r2)  2060.41
  •   Simple Moving Average (Close 50):  1931.12
  •   52 week performance  -2.33%  YTD performance  -0.16%
  •   :: Projected High: 2055.46,   Projected Low:  2031.38
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 3/17 up  @  1,127.35    +7.76  (+0.69%) (above PP)
  •   :: Pivot point (PP)   1124.95
  •   Support (s1)  1119.41      Support (s2)  1111.47
  •   Resistance (r1)  1132.89   Resistance (r2)  1138.43
  •   Simple Moving Average (Close 50):  1065.41
  •   52 week performance  -3.91%  YTD performance  -0.40%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 3/17 up  @  1,091.25   +16.74  (+1.56%) (above PP)
  •   :: Pivot point (PP)  1085.28
  •   Support (s1)   1075.86      Support (s2)   1060.48
  •   Resistance (r1)  1100.66    Resistance (r2)  1110.08
  •   Simple Moving Average (Close 50):  1028.80
  •   52 week performance  -13.04%  YTD performance  -3.93%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 3/17 up   @  1,198.02    +8.99  (+0.76%) (above PP)
  •   :: Pivot point (PP)   1195.07
  •   Support (s1)   1189.13     Support (s2)  1180.25
  •   Resistance (r1)  1203.95   Resistance (r2)  1209.89
  •   Simple Moving Average (Close 50):   1131.74                 (  up tick   )
  •   52 week performance    -5.10%   YTD performance  -0.67%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 3/17 down   @  19.03    -0.35  (-1.81%) (above PP)
  •   :: Pivot point (PP)    18.92
  •   Support (s1)    18.75      Support (s2)  18.46
  •   Resistance (r1)  19.21     Resistance (r2)  19.38
  •   Simple Moving Average (Close 50):  19.05
  •   Simple Moving Average (Close 200)  21.74
  •   :: Close (50 days) above/below (+/-) sma200  (-2.706) (-12.450%)
  •   :: 52 week performance  -3.74%   YTD performance  -16.13%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 3/17 down  @  14.44    -0.55  (-3.67%)  (below PP)
  •   :: Pivot point (PP)    14.55
  •   Support (s1)    13.71      Support (s2)   12.99
  •   Resistance (r1)  15.27     Resistance (r2)  16.11
  •   Simple Moving Average (Close 50):  21.65
  •   :: 52 week performance   10.91%   YTD performance  -20.70%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 3/18/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones,     17620.93  …  17389.57
  •   Nasdaq,         4806.60  …   4756.48
  •   S&P 500,        2055.46  …   2031.38
  •   Russell 1000,   1135.66  …   1122.18
  •   Russell 2000,   1105.37  …   1080.57
  •   Russell 3000,   1206.92  …   1192.10
  •   CBOE TNX,         19.30  …     18.84
  •   Volatility,       14.91  …     13.35
 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 Quadruple Witching 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:

 
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    Hope the above Index Support and Resistance calculations for Friday, 3/18/2016
help your investing and trading today …
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