Index Support and Resistance for Friday, 4/15/2016

Below you will find the Index Support and Resistance for Friday, 4/15/2016 as calculated from the changes in Index points through Thursday, 4/14/2016’s close.  This is it .. third Friday of the month options expiration …today.

 Citigroup reported earnings of $1.10 a share vs. $1.03 expected
  Citigroup Inc. (NYSE:C) reported first-quarter earnings per share of $1.10, and increased loan loss reserves to cover losses on energy loans … also Citigroup reported costs related to shrinking some businesses rose.   So far,  Citigroup’s profit decline is the biggest among big U.S. banks that have reported first-quarter results, but Citigroup’s earnings and revenue beat Wall Street’s low expectations, helped by a fall in operating expenses.  Revenue for the quarter came in at $17.55 billion, against the comparable year-ago figure of $19.81 billion. Citigroup’s revenue from fixed income markets fell 11.5 percent to $3.09 billion, while investment banking revenue slumped 27.2 percent to $875 million.Operating expenses declined 3.3 percent to $10.5 billion.
  Citigroup’s results come two days after Citigroup won a huge endorsement from Fed regulators, who determined that the bank was the only one of eight reviewed to have a credible plan to deal with a potential bankruptcy that did not rely on public money.
  Component suppliers to Apple Inc. (AAPL), Largan Precision  and Taiwan Semiconductor,  issued weak second quarter revenue forecasts, casting  doubt on demand for Apple gadgets.   Apple Inc. will report its quarterly numbers on Monday, April 25.
  Brean initiated coverage on Micron Technology (MU) with a “buy” rating, saying Micron is well-positioned to take advantage of long term trends in the memory chip market.
Index chart 20160414
 Index performance Thursday, 4/14/2016
  • Dow Jones    17,926.43  +18.15  (+0.10%)    (chart: blue)
  • Nasdaq        4,945.89   -1.53  (-0.03%)    (chart: gold)
  • S&P 500       2,082.78   +0.36  (+0.02%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,152.04   -0.08  (-0.01%)
  • Rus 2k (RUT)  1,128.59   -1.34  (-0.12%)
  • Rus 3k (RUA)  1,225.34   -0.18  (-0.01%)
  • CBOE (TNX)       17.81   +0.19  (+1.08%)
  • Volatility(VIX)  13.72   -0.12  (-0.87%)
 I. a. Select stocks of interest, from Thursday, 4/14/2016
  • AAPL   112.10  +0.06 (+0.05%)   After Hours: 112.20 +0.10 (+0.09%)
  • C       44.99  +0.74 (+1.67%)
  • CHK      6.01  -0.05 (-0.83%)   After Hours:  +5.96 -0.05 (-0.83%)
  • GE      31.02  +0.04 (+0.13%)   After Hours:  31.04 +0.02 (+0.06%)
  • JCP      9.65  -0.41 (-4.08%)   After Hours:   9.69 +0.04 (+0.41%)
  • MPC     39.42  -0.24 (-0.61%)   After Hours: 39.52 +0.10 (0.27%)
  • MU      10.40  -0.48 (-4.41%)   After Hours: 10.45 +0.05 (0.48%)
  • VRNG     2.16  +0.38 (21.35%)   After Hours: 2.41 +0.25 (11.57%)
  • VZ      51.37  +0.08 (0.16%)   After Hours: 51.40 +0.03 (0.06%)
 I. b. Sector summary from Thursday, 4/14/2016
Sector Change +/-% (best (or least worst) to worst)
  • Telecommunications Srvcs …… +0.33%
  • Healthcare ……………….. +0.29%
  • Non-Cyclical Cons. Goods  ….. +0.26%
  • Financials ……………….. +0.19%
  • Energy …………………… +0.14%
  • Industrials …………………….. -0.04%
  • Cyclical Cons. Goods  ……………. -0.19%
  • Technology ……………………… -0.20%
  • Utilities ………………………. -0.30%
  • Basic Materials …………………. -0.48%
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 4/14/2016
  II. a.  USA  Bonds
  • 3 Month  0.21%  -0.01 (-4.55%)
  • 6 Month  0.35%  0.00 (0.00%)
  •  2 Year  0.76%  +0.01 (1.33%)
  •  5 Year  1.25%  +0.01 (0.81%)
  • 10 Year  1.79%  0.00 (0.00%)
  • 30 Year  2.60%  -0.02 (-0.76%)
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 Friday, 4/15/2016
 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 4/14 up  @  17,926.43  +18.15  (+0.10%) (above PP)
  •   :: Pivot point (PP)   17924.67
  •   Support (s1)  17887.20       Support (s2)   17847.97
  •   Resistance (r1)   17963.90   Resistance (r2)   18001.37
  •   Simple Moving Average (Close 50):    17022.46       (uptrend  3/16)
  •   52 week performance  -1.03%  YTD performance  +2.88%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 4/14 down  @  4,945.89   -1.53  (-0.03%)  (below PP)
  •   :: Pivot point (PP)  4946.33
  •   Support (s1)   4931.37      Support (s2)  4916.84
  •   Resistance (r1)  4960.86    Resistance (r2)  4975.82
  • Simple Moving Average (Close 50):  4671.88          (uptrend  3/21)
  •   52 week performance  -1.24%   YTD performance  -1.23%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 4/14 up  @  2,082.78   +0.36  (+0.02%)  (below PP)
  •   :: Pivot point (PP)  2082.92
  •   Support (s1)  2077.99        Support (s2)  2073.21
  •   Resistance (r1)  2087.70     Resistance (r2)  2092.63
  •   Simple Moving Average (Close 50):  1986.76          (uptrend  3/16)
  •   52 week performance  -1.06%  YTD performance  +1.90%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 4/14 down  @  1,152.04   -0.08  (-0.01%)  (below PP)
  •   :: Pivot point (PP)   1152.12
  •   Support (s1)  1149.48      Support (s2)  1146.91
  •   Resistance (r1)  1154.69   Resistance (r2)  1157.33
  •   Simple Moving Average (Close 50):  1096.65          (uptrend  3/16)
  •   52 week performance  -2.18%  YTD performance  +1.78%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 4/14 down  @  1,128.59   -1.34  (-0.12%)  (below PP)
  •   :: Pivot point (PP)  1128.60
  •   Support (s1)   1125.12      Support (s2)   1121.64
  •   Resistance (r1)  1132.08    Resistance (r2)  1135.56
  •   Simple Moving Average (Close 50):  1058.82          (uptrend  3/18)
  •   52 week performance  -11.34%   YTD performance   -0.64%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 4/14 down   @  1,225.34   -0.18  (-0.01%)  (below PP)
  •   :: Pivot point (PP)   1225.39
  •   Support (s1)   1222.59     Support (s2)  1219.83
  •   Resistance (r1)  1228.15   Resistance (r2)  1230.95
  •   Simple Moving Average (Close 50):   1162.82          (uptrend  3/16)
  •   52 week performance   -1.71%    YTD performance  +1.60%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 4/14 up  @   17.81   +0.19  (+1.08%)  (below PP)
  •   :: Pivot point (PP)    17.85
  •   Support (s1)    17.67      Support (s2)  17.52
  •   Resistance (r1)  18.00     Resistance (r2)  18.18
  •   Simple Moving Average (Close 50):  18.14
  •   Simple Moving Average (Close 200)  21.20
  •   :: Close (69 days) above/below (+/-) sma200  (-3.386) (-15.977%)
  •   :: 52 week performance  -5.17%   YTD performance -21.51%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 4/14 down   @  13.72   -0.12  (-0.87%)  (below PP)
  •   :: Pivot point (PP)    13.74
  •   Support (s1)    13.36      Support (s2)   13.00
  •   Resistance (r1)  14.10     Resistance (r2)  14.48
  •   Simple Moving Average (Close 50):  18.01
  •   :: 52 week performance   -1.22%   YTD performance  -24.66%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 4/15/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17982.64  …  17905.94
  •   Nasdaq……..  4953.60  …   4924.11
  •   S&P 500 ……  2085.31  …   2075.60
  •   Russell 1000 .  1153.41  …   1148.20
  •   Russell 2000 .  1130.34  …   1123.38
  •   Russell 3000 .  1226.77  …   1221.21
  •   CBOE TNX ……   17.93  …     17.60
  •   Volatility …    13.92  …     13.18
 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  ——-

 

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Hope the above Index Support and Resistance calculations for Friday, 4/15/2016
help your investing and trading planning today …

 

 

 

 

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