Index Support and Resistance for Friday, 5/6/2016

 

  Below you will find the Index Support and Resistance for Friday, 5/6/2016 as calculated from the changes in Index points through Thursday, 5/5/2016’s close.
  USA Stocks closed mostly unchanged on Thursday, undermined as an earlier rally in crude oil prices faded and traders, and investors, shifted to neutral while waiting for the release of the closely watched jobs report on Friday.
On Thursday, Cinqo de Mayo, 5/5/2016:
  The Dow Jones Industrial Average (DJIA, .DJI) recovered to rise +9.45 points, or +0.05 percent, to 17,660.71.  However, for the week, the DJIA is down -112.93 points, or -0.6 percent.  Year to date, from close on see below, the Dow is up +235.68 points, or +1.353 percent.
  The Standard & Poor’s 500 Index (SPX, .INX) closed down -0.49 of a point, or -0.02 percent, to 2,050.63.  For the week, the S&P 500 Index is down -14.67 points, or -0.7 percent.  Year to date, the S&P 500 is up +6.69 points, or +0.3 percent.
  The Nasdaq Composite Index lost -8.55 points, or -0.2 percent, to 4,717.09.  For the week, the lagging Nasdaq composite is down -58.26 points, or -1.2 percent.  Year to date, the Nasdaq is down -290.32 points, or -5.731 percent.
Index chart 20160505

 Index performance Thursday, 5/5/2016

  • Dow Jones    17,660.71  +9.45  (+0.05%)    (chart: blue)
  • Nasdaq        4,717.09  -8.54  (-0.18%)    (chart: gold)
  • S&P 500       2,050.63  -0.49  (-0.02%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,134.45  -0.59  (-0.05%)
  • Rus 2k (RUT)  1,107.95  -5.19  (-0.47%)
  • Rus 3k (RUA)  1,206.36  -1.00  (-0.08%)
  • CBOE (TNX)       17.47  -0.37  (-2.07%)
  • Volatility(VIX)  15.91  -0.14  (-0.872%)
 I. a. Select stocks of interest, from Thursday, 5/5/2016
  • AAPL   93.24  -0.38 (-0.41%)   Pre-market: 93.36 +0.12 (0.13%)
  • C      44.23  -0.43 (-0.96%)
  • CHK     5.71  +0.06 (+1.06%)
  • GE     29.89  -0.18 (+0.60%)
  • JCP     8.93  -0.10 (-1.11%)   After Hours: 8.40 -0.53 (-5.88%)
  • MPC    36.09  -0.13 (-0.36%)
  • MU     10.06  +0.06 (+0.60%)
  • VRNG    1.98  -0.02 (-1.00%)
  • VZ     50.85  +0.01 (+0.03%)
 I. b. Sector summary from Thursday, 5/5/2016
Sector Change +/-% (best (or least worst) to worst)
  • Energy ……………………………… +0.56% 
  • Non-Cyclical Cons. Goods ……… +0.55%    
  • Healthcare …………………………. +0.25%  
  • Telecommunications Srvcs … -0.05%  
  • Technology…………………….  -0.07%    
  • Industrials ……………………… -0.13%
  • Utilities …………………………. -0.17%
  • Financials ………………………. -0.21%
  • Basic Materials ………………… -0.38% 
  • Cyclical Cons. Goods …………. -0.46% 
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 5/5/2016
  II. a.  USA  Bonds
  • 3 Month  0.19%  +0.01 (5.56%)
  • 6 Month  0.38%  0.00 (0.00%)
  •   2 Year  0.71%  -0.04 (-5.33%)
  •   5 Year  1.20%  -0.04 (-3.23%)
  • 10 Year  1.74%  -0.05 (-2.79%)
  • 30 Year  2.60%  -0.04 (-1.52%)
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 Friday, 5/6/2016

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 5/5 up  @  17,660.71  +9.45  (+0.05%)
:: Closed   (below 5/5 PP)  (below 5/6 PP)
  •   :: Pivot point (PP)   17670.88
  •   Support (s1)  17605.65       Support (s2)   17550.59
  •   Resistance (r1)   17725.94   Resistance (r2)   17791.17
  •   Simple Moving Average (Close 50):    17523.73       (uptrend  3/16)
  •   52 week performance  -1.02%  YTD performance  +1.35%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 5/5 down  @   4,717.09  -8.54  (-0.18%)
:: Closed   (below 5/5 PP)  (below 5/6 PP)
  •   :: Pivot point (PP)  4723.80
  •   Support (s1)   4703.04      Support (s2)  4689.00
  •   Resistance (r1)  4737.84    Resistance (r2)  4758.60
  •   Simple Moving Average (Close 50):  4801.76          (uptrend  3/21)
  •   52 week performance  -4.62%   YTD performance  -5.80%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 5/5 down  @   2,050.63  -0.49  (-0.02%)
:: Closed   (below 5/5 PP)  (below 5/6 PP)
  •   :: Pivot point (PP)  2052.21
  •   Support (s1)  2044.19        Support (s2)  2037.75
  •   Resistance (r1)  2058.65     Resistance (r2)  2066.67
  •   Simple Moving Average (Close 50):  2042.96         (uptrend  3/16)
  •   52 week performance  -1.79%  YTD performance  +0.33%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 5/5 down  @  1,134.45  -0.59  (-0.05%)
:: Closed   (below 5/5 PP)  (below 5/6 PP)
  •   :: Pivot point (PP)   1135.47
  •   Support (s1)  1130.86      Support (s2)  1127.27
  •   Resistance (r1)  1139.06   Resistance (r2)  1143.67
  •   Simple Moving Average (Close 50):  1129.37          (uptrend  3/16)
  •   52 week performance  -2.28%  YTD performance  +0.23%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 5/5 down  @  1,107.95  -5.19  (-0.47%)
:: Closed   (below 5/5 PP)  (below 5/6 PP)
  •   :: Pivot point (PP)  1111.32
  •   Support (s1)   1104.27      Support (s2)   1100.58
  •   Resistance (r1)  1115.01    Resistance (r2)  1122.06
  •   Simple Moving Average (Close 50):  1101.26          (uptrend  3/18)
  •   52 week performance  -9.59%   YTD performance   -2.46%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 5/5 down   @  1,207.36  -7.45 (-0.61%)
:: Closed   (below 5/5 PP)  (below 5/6 PP)
  •   :: Pivot point (PP)   1207.65
  •   Support (s1)   1202.54     Support (s2)  1198.73
  •   Resistance (r1)  1211.46   Resistance (r2)  1216.57
  •   Simple Moving Average (Close 50):   1199.11          (uptrend  3/16)
  •   52 week performance   -4.41%    YTD performance  +0.02%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 5/5 down  @   17.47  -0.37  (-2.07%)
:: Closed   (below 5/5 PP)  (below 5/6 PP)
  •   :: Pivot point (PP)    17.65
  •   Support (s1)    17.27      Support (s2)  17.08
  •   Resistance (r1)  17.84     Resistance (r2)  18.22
  •   Simple Moving Average (Close 50):  18.32          (uptrend  4/21)
  •   Simple Moving Average (Close 200)  20.80
  •   :: Close (84 days) above/below (+/-) sma200  (-3.332) (-16.019%)
  •   :: 52 week performance  -20.01%   YTD performance -23.01%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 5/5 down   @  15.91  -0.14  (-0.872%)
:: Closed (below 5/5 PP)  (above 5/6 PP)
  •   :: Pivot point (PP)    15.86
  •   Support (s1)    15.27      Support (s2)   14.63
  •   Resistance (r1)  16.50     Resistance (r2)  17.09
  •   Simple Moving Average (Close 50):  15.34         (downtrend)
  •   :: 52 week performance   +23.72%   YTD performance  -12.63%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 5/6/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17698.41  …  17578.12
  •   Nasdaq……..  4730.82  …   4696.02
  •   S&P 500 ……  2055.43  …   2040.97
  •   Russell 1000 .  1137.27  …   1129.07
  •   Russell 2000 .  1113.17  …   1102.43
  •   Russell 3000 .  1209.56  …   1200.64
  •   CBOE TNX ……   17.75  …     17.18
  •   Volatility …    16.80  …     15.57
 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  ——-

 

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Hope the above Index Support and Resistance calculations for Friday, 5/6/2016
help your investing and trading planning today …

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