Index Support and Resistance for Thursday, 5/12/2016

 

  Below you will find the Index Support and Resistance for Thursday, 5/12/2016 as calculated from the changes in Index points through Wednesday, 5/11/2016’s close. 
  It is taken as a “given” that the only things in life any person can count on are taxes, death, … and change.   Everyday I watch and track Indexes, stocks, funds, bonds, currencies, commodities … interest rates, and more.   The actions in the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX) which I offer projections for  … like today’s Supports (s1) and (s2), today’s Resistances (r1) and (r2), the Pivot Points (PP) and more as you can find below, as well as the related information from yesterday, and previous blog posts … my homework … basically,  tells me that Mr. & Ms. Fickle Markets do not believe the Fed has room to raise rates any time soon …   However, I believe that sentiment to be WRONG!
  When Mr. & Ms. Fickle Markets believe the Fed FOMC is going to change their minds … my calculations, like those below,  will be giving me a heads up.
  I have posted my views on this, and I readily admit, due to my own homework and biases,  I may be early in my assessment that the USA Federal Reserve needs to raise rates; but,  the Fed is beginning to see the detrimental effects of too low interest rates on the USA economy, including hurting the USA banks, USA insurance companies, USA jobs, and USA growth. The FED models need to change to account for these unforeseen detrimental metrics.   It is the same sad story on a global basis.  The USA jobs we’re getting aren’t manufacturing jobs … they’re low paying service jobs.  That’s NOT the Fed’s fault, the quality of jobs issue is squarely on the USA politicians substituting politics as usual for business and economic common sense, that let jobs and technology leave the USA to set up factories on foreign soil to provide jobs, benefitting the economies and governments,  there, not HERE!   Free Trade agreements are costing USA taxpayers way MORE than the benefit.  Every USA taxpayer is a victim in that foreign workers of USA companies pay no USA taxes, no state taxes, no local taxes …  and spend no money into the local economy HERE!   It time to bring at least some of the USA companies manufacturing jobs home, while seeking to “inspire” foreign companies to set up environmentally friendly, EPA  compliant, manufacturing facilities in the USA.
   Free trade is NOT FREE for anyone.  Globally, no country can afford the price.
   Look at China.  How many Chinese wells can provide drinkable, unpolluted, water?   How many manufacturing centers are spewing chemicals into the air … that the Chinese are finding themselves sickened by unbreathable air and/or smog?   There’s a whole sector for GROWTH in China … air, ground and water environmental management and cleanup.  The ground water polution isn’t just a threat to the Chinese if it reaches and sickens the oceans.  The air pollution moves where the winds take it … and sooner or later, we’ll find ourselves breathing those Chinese factory spewed chemicals here,  sure maybe in diluted amounts … but over time it will only get worse.  We only have one planet.  We can’t move 7 billion people to inhospitable Mars while we wait for the earth’s ecosystem to recover.  Air, ground, and water pollution is everybody’s inescapable concern. 
   Index chart 20160511

 Index performance Wednesday, 5/11/2016

  • Dow Jones    17,711.12  -217.23  (-1.21%)    (chart: blue)
  • Nasdaq        4,760.69   -49.19  (-1.02%)    (chart: gold)
  • S&P 500       2,064.46   -19.93  (-0.96%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,142.17  -11.03 (-0.96%)
  • Rus 2k (RUT)  1,114.74  -14.09 (-1.25%)
  • Rus 3k (RUA)  1,214.51  -12.00 (-0.98%)
  • CBOE (TNX)       17.37   -0.23 (-1.31%)
  • Volatility(VIX)  14.69   +1.06 (+7.78%)
 I. a. Select stocks of interest, from Wednesday, 5/11/2016
  • AAPL  92.51  -0.91 (-0.97%)   After Hours: 92.37 -0.14 (-0.15%)
  • C     44.47  -0.37 (-0.83%)   After Hours: 44.45 -0.02 (-0.04%)
  • CHK    4.35  +0.05 (+1.16%)   After Hours:  4.44 +0.09 (+2.07%)
  • FH     1.81  -0.05 (-2.69%)
  • GE    30.34  -0.14 (-0.46%)   After Hours: 30.34 +0.00 (+0.00%)
  • JCP    7.90  -0.19 (-2.35%)   After Hours:  7.99 +0.09 (+1.14%)
  • MPC   35.90  +0.45 (+1.27%)   After Hours: 35.90 +0.00 (+0.00%)
  • MU    10.10  +0.01 (+0.10%)   After Hours: 10.15 +0.05 (+0.50%)
  • VZ    51.15  -0.39 (-0.76%)
 I. b. Sector summary from Wednesday, 5/11/2016
Sector Change +/-% (best (or least worst) to worst)
  • Utilities ………………………….. +0.19%
  • Energy ……………………………. +0.15% 
  • Basic Materials …………………. +0.13% 
  • Non-Cyclical Cons. Goods ………. -0.27%  
  • Technology …………………………. -0.49% 
  • Telecommunications Srvcs ……… -0.53%  
  • Industrials ………………………….. -0.71% 
  • Financials …………………………… -0.99% 
  • Healthcare …………………………… -1.12% 
  • Cyclical Cons. Goods ……………… -2.35%   
 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 5/11/2016
  II. a.  USA  Bonds
  • 3 Month  0.25%  0.00 (0.00%)
  • 6 Month  0.35%  -0.01 (-2.78%)
  •  2 Year  0.72%  0.00 (0.00%)
  •  5 Year  1.20%  0.00 (0.00%)
  • 10 Year  1.73%  -0.02 (-1.14%)
  • 30 Year  2.58%  -0.03 (-1.15%)
  II. b.  Currencies
  • AUD/USD  0.7333  -0.0022 (-0.30%) Australian Dollar (A$)
  • EUR/USD  1.1419  -0.0005 (-0.04%) Euro (€)
  • GBP/USD  1.4433  -0.0002 (-0.02%) British Pound (£)
  • USD/CAD  1.2859  -0.0004 (-0.03%) Canadian Dollar (CA$)
  • USD/CNY  6.5041  +0.0112 (0.17%)  Chinese Yuan (CN¥)
  • USD/HKD  7.7592  -0.0012 (-0.02%) Hong Kong Dollar (HK$)
  • USD/JPY  108.8450  +0.4250 (0.39%)  Japanese Yen (¥)
II. c.   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, 5/12/2016
 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 5/11 down  @  17,711.12  -217.23  (-1.21%)
:: Closed   (below 5/11 PP)  (below 5/12 PP)
  •   :: Pivot point (PP)   17780.40
  •   Support (s1)  17641.77       Support (s2)   17572.42
  •   Resistance (r1)   17849.75   Resistance (r2)   17988.38
  •   Simple Moving Average (Close 50):    17611.08       (uptrend  3/16)
  •   52 week performance  -1.98%  YTD performance  +1.64%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 5/11 down  @    4,760.69   -49.19  (-1.02%)
:: Closed   (below 5/11 PP)  (below 5/12 PP)
  •   :: Pivot point (PP)  4777.75
  •   Support (s1)   4743.30      Support (s2)  4725.92
  •   Resistance (r1)  4795.13    Resistance (r2)  4829.58
  •   Simple Moving Average (Close 50):  4814.50          (uptrend  3/21)
  •   52 week performance  -4.44%   YTD performance  -4.93%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 5/11 down  @   2,064.46   -19.93  (-0.96%)
:: Closed   (below 5/11 PP)  (below 5/12 PP)
  •   :: Pivot point (PP)  2070.74
  •   Support (s1)  2058.18        Support (s2)  2051.91
  •   Resistance (r1)       Resistance (r2)  2089.57
  •   Simple Moving Average (Close 50):  2052.04         (uptrend  3/16)
  •   52 week performance  -1.62%  YTD performance  +1.00%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 5/11 down  @  1,142.17  -11.03 (-0.96%)
:: Closed   (below 5/11 PP)  (below 5/12 PP)
  •   :: Pivot point (PP)   1145.77
  •   Support (s1)  1138.57      Support (s2)  1134.96
  •   Resistance (r1)  1149.38   Resistance (r2)  1156.58
  •   Simple Moving Average (Close 50):  1134.64          (uptrend  3/16)
  •   52 week performance  -2.51%  YTD performance  +0.91%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 5/11 down  @  1,114.74  -14.09 (-1.25%)
:: Closed   (below 5/11 PP)  (below 5/12 PP)
  •   :: Pivot point (PP)  1119.27
  •   Support (s1)   1110.08      Support (s2)   1105.41
  •   Resistance (r1)  1123.94    Resistance (r2)  1133.13
  •   Simple Moving Average (Close 50):  1107.65          (uptrend  3/18)
  •   52 week performance  -9.54%   YTD performance   -1.86%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 5/11 down   @  1,214.51  -12.00 (-0.98%)
:: Closed   (below 5/11 PP)  (below 5/12 PP)
  •   :: Pivot point (PP)   1218.41
  •   Support (s1)   1210.61     Support (s2)  1206.72
  •   Resistance (r1)  1222.30   Resistance (r2)  1230.10
  •   Simple Moving Average (Close 50):   1205.23          (uptrend  3/16)
  •   52 week performance   -4.07%    YTD performance  +0.70%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 5/11 down  @   17.37   -0.23 (-1.31%)
:: Closed   (below 5/11 PP)  (below 5/12 PP)
  •   :: Pivot point (PP)    17.41
  •   Support (s1)    17.17      Support (s2)  16.97
  •   Resistance (r1)  17.61     Resistance (r2)  17.85
  •   Simple Moving Average (Close 50):  18.33          (uptrend  4/21)
  •   Simple Moving Average (Close 200)  20.69
  •   :: Close (88 days) above/below (+/-) sma200  (-3.319) (-16.043%)
  •   :: 52 week performance  -23.88%   YTD performance -23.45%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 5/11 up   @  14.69   +1.06 (+7.78%)
:: Closed  (above 5/11 PP)  (above 5/12 PP)
  •   :: Pivot point (PP)    14.22
  •   Support (s1)    13.76      Support (s2)   12.82
  •   Resistance (r1)  15.16     Resistance (r2)  15.62
  •   Simple Moving Average (Close 50):  14.98         (downtrend)
  •   :: 52 week performance   +15.31%   YTD performance  -19.33%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Thursday, 5/12/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17815.08  …  17607.10
  •   Nasdaq……..  4786.44  …   4734.61
  •   S&P 500 ……  2073.88  …   2055.05
  •   Russell 1000 .  1147.58  …   1136.77
  •   Russell 2000 .  1121.61  …   1107.75
  •   Russell 3000 .  1220.36  …   1208.67
  •   CBOE TNX ……   17.51  …     17.07
  •   Volatility …    15.39  …     13.99
 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, 5/9/2016 thru Friday 5/13/2016  ——-

 

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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, 5/12/2016  help your investing and trading planning today …

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