Index Support and Resistance for Monday, 4/11/2016

 

 Updated charts, enhanced for readability as promised, with added .RUT daily chart.   Below you will find the Index Support and Resistance for Monday, 4/11/2016 as calculated from the changes in Index points through Friday, 4/8/2016’s close.  This week ends in third Friday of the month options expiration.  The next important date for crude and the energy sector stocks, is Sunday, April 17, 2016.  The OPEC and non-OPEC producers meeting on April 17th to discuss, debate, and hopefully arrive at an agreement, or not, on a crude production freeze, at January 2016 production levels, has global markets crossing their fingers and toes.   The Pros: struggling OPEC countries’ economies desperately need higher crude prices.   The Cons: IRAN just started ramping crude production and  doesn’t want to cut.    Caution:  an agreement could send Energy sector stocks, and the markets, higher, while no agreement could take the Energy sector down and the Indices with them.   Bull or Bear?   Flip a coin.   GLTA
    On a positive bullish note,  in the charts below, the Pivot Points, the Supports (s1) and S2), as well as Resistances (r1) and (R2), … also for many of the Indices, their respective 50 day Simple Moving Averages (SMAs), …  are in an uptrend that began with the markets’ rally into March’s  Quadruple Witching Friday.     I will update the charts below for readability and post them again with additional information.
————————-
Index chart 20160408
 Index performance Friday, 4/8/2016
  • Dow Jones    17,576.96  +35.00  (+0.20%)    (chart: blue)
  • Nasdaq        4,850.69   +2.32  (+0.05%)    (chart: gold)
  • S&P 500       2,047.60   +5.69  (+0.28%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI)  1,132.08   +3.41  (+0.30%)
  • Rus 2k (RUT)  1,097.31   +4.53  (+0.41%)
  • Rus 3k (RUA)  1,203.16   +3.73  (+0.31%)
  • CBOE (TNX)       17.20   +0.29  (+1.71%)
  • Volatility(VIX)  15.36   -0.80  (-4.95%)
 I. a. Select stocks of interest, from Friday, 4/8/2016
  • AAPL   108.66  +0.12 (+0.11%)
  • C ....    40.48  +0.21 (+0.52%)
  • CHK  …    3.76  +0.15 (+4.16%)
  • GE ...     30.79  +0.16 (+0.52%)
  • JCP …    10.02  -0.14 (-1.33%)
  • MPC  .   38.69  +1.23 (+3.28%)
  • MU..     10.72  +0.21 (+2.00%)
  • VRNG      1.60  +0.06 (+3.90%)
  • VZ …     52.18  +0.18 (+0.35%)
 In the news, or articles:   AAPL
 
I. b. Sector summary from Friday, 4/8/2016
Sector Change +/-% (best (or least worst) to worst)
  • Energy   ……………………. +2.64% 
  • Basic Materials ……………… +1.99% 
  • Telecommunications Srvcs ……… +1.02% 
  • Utilities …………………… +1.00% 
  • Financials ………………….. +0.89%
  • Industrials …………………. +0.71% 
  • Non-Cyclical Cons. Goods ……… +0.49%  
  • Technology ………………….. +0.24%    
  • Healthcare ……………. -0.24% 
  • Cyclical Cons. Goods …… -0.54%    
 II. Bonds, and/or Currencies, and/or Commodities from Friday, 4/8/2016
  II. a.  USA  Bonds
  • 3 Month  0.22%  +0.00 (+0.00%)
  • 6 Month  0.33%  -0.01 (-2.94%)
  •  2 Year  0.70%  -0.01 (-1.41%)
  •  5 Year  1.15%  -0.02 (-1.71%)
  • 10 Year  1.72%  -0.01 (-0.58%)
  • 30 Year  2.55%  +0.01 (+0.39%)

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

For both Bulls and Bears:

current XLE quote (Reuters) and more

Related previous XLE analysis:

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

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

III.  Index Support and Resistance for Monday, 4/11/2016

 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.
     –   –   –   –           –   –   –   –           –   –   –   –
dji pptS&R 20160408d
( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
Closed 4/8 up  @  17,576.96  +35.00  (+0.20%) (below PP)
  •   :: Pivot point (PP)   17599.88
  •   Support (s1)  17505.24       Support (s2)   17433.53
  •   Resistance (r1)   17671.59   Resistance (r2)   17766.23
  •   Simple Moving Average (Close 50):    16902.98       (uptrend  3/16)
  •   52 week performance  -2.13%  YTD performance  +0.87%
NAS pptS&R 20160408d
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 4/8 up  @  4,850.69   +2.32  (+0.05%)  (below PP)
  •   :: Pivot point (PP)  4859.55
  •   Support (s1)   4826.50      Support (s2)  4802.31
  •   Resistance (r1)  4883.74    Resistance (r2)  4916.79
  •   Simple Moving Average (Close 50):  4645.07          (uptrend  3/21)
  •   52 week performance  -2.91%   YTD performance  -3.13%
SPX pptS&R 20160408d
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 4/8 up  @  2,047.60   +5.69  (+0.28%)  (below PP)
  •   :: Pivot point (PP)  2049.97
  •   Support (s1)  2039.32        Support (s2)  2031.03
  •   Resistance (r1)  2058.26     Resistance (r2)  2068.91
  •   Simple Moving Average (Close 50):  1974.90          (uptrend  3/16)
  •   52 week performance  -2.59%  YTD performance  +0.18%
  •   :: Projected High: 2063.59   Projected Low:  2044.65
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 4/8 up  @  1,132.08   +3.41  (+0.30%)  (below PP)
  •   :: Pivot point (PP)   1133.39
  •   Support (s1)  1127.57      Support (s2)  1123.05
  •   Resistance (r1)  1137.91   Resistance (r2)  1143.73
  •   Simple Moving Average (Close 50):  1089.82          (uptrend  3/16)
  •   52 week performance  -3.20%  YTD performance  +0.02%
RUT pptS&R 20160408d
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 4/8 up  @  1,097.31   +4.53  (+0.41%)  (below PP)
  •   :: Pivot point (PP)  1099.04
  •   Support (s1)   1092.04      Support (s2)   1086.76
  •   Resistance (r1)  1104.32    Resistance (r2)  1111.32
  •   Simple Moving Average (Close 50):  1051.24          (uptrend  3/18)
  •   52 week performance  -13.24%   YTD performance   -3.40%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 4/8 up   @  1,203.16   +3.73  (+0.31%)  (below PP)
  •   :: Pivot point (PP)   1204.60
  •   Support (s1)   1198.31     Support (s2)  1193.46
  •   Resistance (r1)  1209.45   Resistance (r2)  1215.74
  •   Simple Moving Average (Close 50):   1155.67          (uptrend  3/16)
  •   52 week performance   -4.07%    YTD performance  -0.24%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 4/8 up  @   17.20   +0.29  (+1.71%)  (below PP)
  •   :: Pivot point (PP)    17.24
  •   Support (s1)    17.09      Support (s2)  16.99
  •   Resistance (r1)  17.34     Resistance (r2)  17.49
  •   Simple Moving Average (Close 50):  18.28
  •   Simple Moving Average (Close 200)  21.33
  •   :: Close (65 days) above/below (+/-) sma200  (-4.127) (-19.350%)
  •   :: 52 week performance  -11.84%   YTD performance -24.20%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 4/8 down   @  15.36   -0.80  (-4.95%)  (below PP)
  •   :: Pivot point (PP)    15.38
  •   Support (s1)    14.82      Support (s2)   14.29
  •   Resistance (r1) 15.91     Resistance (r2)  16.47
  •   Simple Moving Average (Close 50):  18.52
  •   :: 52 week performance   +10.19%   YTD performance  -15.65%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Monday, 4/11/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17718.91  …  17552.56
  •   Nasdaq……..  4871.65  …   4814.41
  •   S&P 500 ……  2063.59  …   2044.65
  •   Russell 1000 .  1140.82  …   1130.48
  •   Russell 2000 .  1107.82  …   1095.54
  •   Russell 3000 .  1212.60  …   1201.46
  •   CBOE TNX ……   17.42  …     17.17
  •   Volatility …    16.19  …     15.10
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • 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, 4/11/2016 thru Friday 4/15/2016  ——-

 

( 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 Monday, 4/11/2016
help your investing planning and trading today …
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