Index Support and Resistance for Tuesday, 5/3/2016

 

  Below you will find the Index Support and Resistance for Tuesday, 5/3/2016 as calculated from the changes in Index points through Monday, 5/2/2016’s close.
Index chart 20160502

 Index performance Monday, 5/2/2016

  • Dow Jones    17,891.16  +117.52  (+0.66%)    (chart: blue)
  • Nasdaq        4,817.59   +42.24  (+0.88%)    (chart: gold)
  • S&P 500       2,081.43   +16.13  (+0.78%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,152.66    +8.90  (+0.78%)
  • Rus 2k (RUT)  1,140.92   +10.08  (+0.89%)
  • Rus 3k (RUA)  1,226.94    +9.58  (+0.79%)
  • CBOE (TNX)       18.65    +0.46  (+2.53%)
  • Volatility(VIX)  14.68    -1.02  (-6.50%)
  —
 I. a. Select stocks of interest, from Monday, 5/2/2016
  • AAPL   93.64  -0.10 (-0.11%)   After Hours: 93.81 +0.17 (0.18%)
  • C ….    46.68  +0.40 (+0.86%)
  • CHK .    6.59  -0.28 (-4.00%)   After Hours: 6.53 -0.06 (-0.99%)
 I. b. Sector summary from Monday, 5/2/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ………… +1.20%  
  • Cyclical Cons. Goods ……………. +1.08% 
  • Telecommunications Srvcs ………… +0.77% 
  • Technology …………………….. +0.68%    
  • Financials …………………….. +0.65%  
  • Healthcare …………………….. +0.57%    
  • Industrials ……………………. +0.53%  
  • Utilities ……………………… +0.47%
  • Basic Materials ……………. -0.07% 
  • Energy ……………………. -0.38%
 II. Bonds, and/or Currencies, and/or Commodities from Monday, 5/2/2016
  II. a.  USA  Bonds
  • 3 Month  0.21%  -0.01 (-4.55%)
  • 6 Month  0.37%  +0.01 (2.78%)
  •  2 Year  0.79%  +0.02 (2.60%)
  •  5 Year  1.32%  +0.04 (3.12%)
  • 10 Year  1.87%  +0.04 (2.19%)
  • 30 Year  2.73%  +0.03 (1.11%)
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 Tuesday, 5/3/2016

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 5/2 up  @  17,891.16  +117.52  (+0.66%)
:: Closed   (above 5/2 PP)  (above 5/3 PP)
  •   :: Pivot point (PP)   17859.07
  •   Support (s1)  17805.80       Support (s2)   17720.43
  •   Resistance (r1)   17944.44   Resistance (r2)   17997.71
  •   Simple Moving Average (Close 50):    17453.22       (uptrend  3/16)
  •   52 week performance  -0.74%  YTD performance  +2.68%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 5/2 up  @   4,817.59   +42.24  (+0.88%)
:: Closed   (above 5/2 PP)  (above 5/3 PP)
  •   :: Pivot point (PP)  4802.48
  •   Support (s1)   4783.39      Support (s2)  4749.19
  •   Resistance (r1)  4836.68    Resistance (r2)  4855.77
  •   Simple Moving Average (Close 50):  4789.98          (uptrend  3/21)
  •   52 week performance  -3.97%   YTD performance  -3.79%

 

( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 5/2 up  @  2,081.43   +16.13  (+0.78%)
:: Closed   (above 5/2 PP)  (above 5/3 PP)
  •   :: Pivot point (PP)  2076.99
  •   Support (s1)  2070.55        Support (s2)  2059.68
  •   Resistance (r1)  2087.86     Resistance (r2)  2094.30
  •   Simple Moving Average (Close 50):  2035.58         (uptrend  3/16)
  •   52 week performance  -1.56%  YTD performance  +1.83%

 

( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 5/2 up  @  1,152.66    +8.90  (+0.78%)
:: Closed   (above 5/2 PP)  (above 5/3 PP)
  •   :: Pivot point (PP)   1150.08
  •   Support (s1)  1146.49      Support (s2)  1140.31
  •   Resistance (r1)  1156.26   Resistance (r2)  1159.85
  •   Simple Moving Average (Close 50):  1125.02          (uptrend  3/16)
  •   52 week performance  -2.00%  YTD performance  +1.84%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 5/2 up  @  1,140.92   +10.08  (+0.89%)
:: Closed   (above 5/2 PP)  (above 5/3 PP)
  •   :: Pivot point (PP)  1137.03
  •   Support (s1)   1133.13      Support (s2)   1125.35
  •   Resistance (r1)  1144.81    Resistance (r2)  1148.71
  •   Simple Moving Average (Close 50):  1095.53          (uptrend  3/18)
  •   52 week performance  -7.48%   YTD performance   +0.44%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 5/2 up   @  1,226.94  +9.58  (+0.79%)
:: Closed   (above 5/2 PP)  (above 5/3 PP)
  •   :: Pivot point (PP)   1224.08
  •   Support (s1)   1220.26     Support (s2)  1213.59
  •   Resistance (r1)  1230.75   Resistance (r2)  1234.57
  •   Simple Moving Average (Close 50):   1193.78          (uptrend  3/16)
  •   52 week performance   -1.51%    YTD performance  +1.73%

 

( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 5/2 up  @   18.65    +0.46  (+2.53%)
:: Closed   (above 5/2 PP)  (above 5/3 PP)
  •   :: Pivot point (PP)    18.49
  •   Support (s1)    18.32      Support (s2)  17.98
  •   Resistance (r1)  18.83     Resistance (r2)  19.00
  •   Simple Moving Average (Close 50):  18.29          (uptrend  4/21)
  •   Simple Moving Average (Close 200)  20.89
  •   :: Close (81 days) above/below (+/-) sma200  (-2.238) (-10.715%)
  •   :: 52 week performance   -12.65%   YTD performance   -17.81%

 

( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 5/2 down   @  14.68    -1.02  (-6.50%)
:: Closed (below 5/2 PP)  (below 5/3 PP)
  •   :: Pivot point (PP)    15.22
  •   Support (s1)    13.94      Support (s2)   13.20
  •   Resistance (r1)  15.96     Resistance (r2)  17.24
  •   Simple Moving Average (Close 50):  15.61
  •   :: 52 week performance   +2.59%   YTD performance  -19.38%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Tuesday, 5/3/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17971.08  …  17832.44
  •   Nasdaq……..  4846.23  …   4792.94
  •   S&P 500 ……  2091.08  …   2073.77
  •   Russell 1000 .  1158.06  …   1148.29
  •   Russell 2000 .  1146.76  …   1135.08
  •   Russell 3000 .  1232.66  …   1222.17
  •   CBOE TNX ……   18.92  …     18.41
  •   Volatility …    15.59  …     13.57
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • Dow Jones ..  18351.36 ..  15370.33 .. (17425.03)  n/c
  • Nasdaq …..   5231.94 ..   4209.76 ..  (5007.41)  n/c
  • S&P 500 ….   2134.72 ..   1810.10 ..  (2043.94)  n/c
  •   ——————————————-
  • Rus 1k (RUI)   1191.59 ..    995.55 ..  (1069.65)  n/c
  • Rus 2k (RUT)   1296.00 ..    943.10 ..  (1135.89)  n/c
  • Rus 3k (RUA)   1275.89 ..   1056.45 ..  (1206.10)  n/c
  • CBOE (TNX) ….. 24.89 …    15.67  ..   (22.69)  n/c
  • Volatility(VIX)  53.29 …    10.88  ..   (18.21)  n/c
  •    —     —     —     —     —     —
  •     n/c* = no change

 

——  Monday, 5/2/2016 thru Friday 5/6/2016  ——-
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s