Index Support and Resistance for Thursday, 5/5/2016

 

   Happy Cinco de Mayo!   Cinco de Mayo is the celebration of a much smaller Mexican Army defeating a much larger, on the move,  invading French Army.  Which is a good outlook for everyday life  and even the stock markets … celebrating the successes, little and great, learning from what went wrong … so as to not make the same mistakes again. 
    Below you will find the Index Support and Resistance for Thursday, 5/5/2016 as calculated from the changes in Index points through Wednesday, 5/4/2016’s close. 
Index chart 20160504

 Index performance Wednesday, 5/4/2016

  • Dow Jones    17,651.26  -99.65  (-0.56%)    (chart: blue)
  • Nasdaq  ..      4,725.64  -37.58  (-0.79%)    (chart: gold)
  • S&P 500 ..      2,051.12  -12.25  (-0.59%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,135.04  -6.86 (-0.60%)
  • Rus 2k (RUT)  1,113.13  -8.62 (-0.77%)
  • Rus 3k (RUA)  1,207.36  -7.45 (-0.61%)
  • CBOE (TNX)       17.84  -0.16 (-0.89%)
  • Volatility(VIX)  16.05  +0.45 (2.88%)
 I. a. Select stocks of interest, from Wednesday, 5/4/2016
  • AAPL   94.19  -0.99 (-1.04%)   After Hours: 94.38 +0.19 (0.20%)
  • C ….    44.65  -0.92 (-2.02%)   After Hours: 44.76 +0.11 (0.25%)
  • CHK  ..  5.64  -0.16 (-2.67%)
  • GE …  30.07  -0.56 (-1.83%)    After Hours: 30.11 +0.04 (0.13%)
  • JCP . ..  9.04  -0.28 (-3.00%)   After Hours:  9.10 +0.06 (0.66%)
  • MPC    36.22  -1.77 (-4.66%)   After Hours: 36.36 +0.14 (0.39%)
  • MU      10.00  -0.36 (-3.47%)   After Hours: 10.01 +0.01 (0.10%)
  • VRNG   2.00  -0.13 (-6.10%)
  • VZ …   50.84  +0.16 (+0.32%)   After Hours: 51.19 +0.35 (0.69%)
 I. b. Sector summary from Wednesday, 5/4/2016
Sector Change +/-% (best (or least worst) to worst)
  • Utilities ………………………………… +0.96% 
  • Non-Cyclical Cons. Goods ………….. +0.35% 
  • Technology …………………….. -0.48%  
  • Cyclical Cons. Goods …………. -0.55%
  • Telecommunications Srvcs …. -0.55%
  • Financials ………………………. -0.63% 
  • Industrials ……………………… -0.89%    
  • Energy …………………………… -1.23%  
  • Healthcare ……………………… -1.26% 
  • Basic Materials ………………… -2.06% 
 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 5/4/2016
  II. a.  USA  Bonds
  • 3 Month  0.19%  -0.01 (-5.00%)
  • 6 Month  0.37%  -0.02 (-5.13%)
  •  2 Year  0.73%  +0.00 (+0.00%)
  •  5 Year  1.23%  +0.01 (+0.82%)
  • 10 Year  1.78%  +0.00 (+0.00%)
  • 30 Year  2.63%  -0.01 (-0.38%)
I. 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 Thursday, 5/5/2016
 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 5/4 down  @  17,651.26  -99.65  (-0.56%)
:: Closed   (below 5/4 PP)  (below 5/5 PP)
  •   :: Pivot point (PP)   17666.11
  •   Support (s1)  17594.16       Support (s2)   17537.06
  •   Resistance (r1)   17723.21   Resistance (r2)   17795.16
  •   Simple Moving Average (Close 50):    17500.22       (uptrend  3/16)
  •   52 week performance  -1.54%  YTD performance  +1.30%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 5/4 down  @   4,725.64  -37.58  (-0.79%)
:: Closed   (below 5/4 PP)  (below 5/5 PP)
  •   :: Pivot point (PP)  4730.40
  •   Support (s1)   4709.15      Support (s2)  4692.67
  •   Resistance (r1)  4746.88    Resistance (r2)  4768.13
  •   Simple Moving Average (Close 50):  4798.28          (uptrend  3/21)
  •   52 week performance  -3.94%   YTD performance  -5.63%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 5/4 down  @   2,051.12  -12.25  (-0.59%)
:: Closed   (below 5/4 PP)  (below 5/5 PP)
  •   :: Pivot point (PP)  2052.32
  •   Support (s1)  2044.35        Support (s2)  2037.57
  •   Resistance (r1)  2059.10     Resistance (r2)  2067.07
  •   Simple Moving Average (Close 50):  2040.54         (uptrend  3/16)
  •   52 week performance  -1.40%  YTD performance  +0.35%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 5/4 down  @  1,135.04  -6.86 (-0.60%)
:: Closed   (below 5/4 PP)  (below 5/5 PP)
  •   :: Pivot point (PP)   1136.07
  •   Support (s1)  1130.80      Support (s2)  1126.55
  •   Resistance (r1)  1140.32   Resistance (r2)  1145.59
  •   Simple Moving Average (Close 50):  1127.95          (uptrend  3/16)
  •   52 week performance  -2.62%  YTD performance  +0.28%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 5/4 down  @  1,113.13  -8.62 (-0.77%)
:: Closed   (below 5/4 PP)  (below 5/5 PP)
  •   :: Pivot point (PP)  1115.74
  •   Support (s1)   1107.78      Support (s2)   1102.44
  •   Resistance (r1)  1121.08    Resistance (r2)  1129.04
  •   Simple Moving Average (Close 50):  1099.55          (uptrend  3/18)
  •   52 week performance -8.71%   YTD performance   -2.00%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 5/4 down   @  1,207.36  -7.45 (-0.61%)
:: Closed   (below 5/4 PP)  (below 5/5 PP)
  •   :: Pivot point (PP)   1208.52
  •   Support (s1)   1202.82     Support (s2)  1198.29
  •   Resistance (r1)  1213.05   Resistance (r2)  1218.75
  •   Simple Moving Average (Close 50):   1197.41          (uptrend  3/16)
  •   52 week performance   -3.14%    YTD performance  +0.10%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 5/4 down  @   17.84  -0.16 (-0.89%)
:: Closed   (below 5/4 PP)  (below 5/5 PP)
  •   :: Pivot point (PP)    17.92
  •   Support (s1)    17.67      Support (s2)  17.49
  •   Resistance (r1)  18.10     Resistance (r2)  18.35
  •   Simple Moving Average (Close 50):  18.30          (uptrend  4/21)
  •   Simple Moving Average (Close 200)  20.83
  •   :: Close (83 days) above/below (+/-) sma200  (-2.992) (-14.362%)
  •   :: 52 week performance  -20.36%   YTD performance -21.38%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 5/4 up   @  16.05  +0.45 (2.88%)
:: Closed (above 5/4 PP)  (below 5/5 PP)
  •   :: Pivot point (PP)    16.10
  •   Support (s1)    15.34      Support (s2)   14.64
  •   Resistance (r1)  16.80     Resistance (r2)  17.56
  •   Simple Moving Average (Close 50):  15.40         (downtrend)
  •   :: 52 week performance   +6.08%   YTD performance  -11.86%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Thursday, 5/5/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17694.66  …  17565.61
  •   Nasdaq……..  4738.64  …   4700.91
  •   S&P 500 ……  2055.71  …   2040.96
  •   Russell 1000 .  1138.20  …   1128.68
  •   Russell 2000 .  1118.41  …   1105.11
  •   Russell 3000 .  1210.79  …   1200.56
  •   CBOE TNX ……   18.23  …     17.80
  •   Volatility …    17.18  …     15.72
 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  ——-

 

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  •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

 

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Hope the above Index Support and Resistance calculations for Thursday, 5/5/2016
help your investing and trading planning today …

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