Index Support and Resistance for Wednesday, 5/18/2016

 

   Below you will find the Index Support and Resistance for Wednesday, 5/18/2016 as calculated from the changes in Index points through Tuesday, 5/17/2016’s close.
   USA markets traders and investors are still worried about a lot, primarily: China’s economics, growth, and Central Bank accommodations, the strength of the US dollar, global crude supply and production outages (though not yet worried about unconfirmed production numbers), and our own US Federal Reserve’s opinion and track on raising rates.     Here global stagnation appears to be due to too low interest rates accommodating the stock markets at the expense of the savers, retirees, the banks, the insurance industry … and more.   The whole globe needs to re-think low rates, especially negative rates,  …  ‘cuz it isn’t working, and embrace a couple of 0.25 percent rate increases to around 1% this year.   Gradual rate increases  should inspire banks to begin loaning monies into their local economies to get growth moving again.
Index chart 201605117
 Index performance Tuesday, 5/17/2016
  • Dow Jones    17,529.98  -180.73  (-1.02%)    (chart: blue)
  • Nasdaq  …      4,715.73    -59.73  (-1.25%)    (chart: gold)
  • S&P 500  …    2,047.21    -19.45  (-0.94%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)    1,132.63   -10.49  (-0.92%)
  • Rus 2k (RUT)  1,097.68   -18.54  (-1.66%)
  • Rus 3k (RUA)  1,203.74   -11.82  (-0.97%)
  • CBOE (TNX) …      17.59    +0.06  (+0.34%)
  • Volatility(VIX) …. 15.57    +0.89  (+6.06%)
 I. a. Select stocks of interest, from Tuesday, 5/17/2016
  • AAPL … 93.49  -0.39 (-0.42%)   Pre-market:  93.69 +0.20 (+0.21%)
  • C ……… 43.69  +0.54 (+1.25%)  
  • CHK …..  3.93  +0.03 (+0.77%)   After Hours:  3.95 +0.02 (+0.51%)
  • FH …….  1.71  -0.03 (-1.72%)
  • GE …… 29.70  -0.26 (-0.87%)
  • JCP ……  7.25  -0.14 (-1.89%)   Pre-market:   7.20 -0.05 (-0.69%)
  • MPC … 36.07  +0.44 (+1.23%)   After Hours: 36.07 +0.00 (+0.00%)
  • MU …..  9.67  -0.01 (-0.10%)   Pre-market:   9.72 +0.05 (+0.52%)
  • VZ ….. 50.90  -0.33 (-0.64%)   Pre-market:  50.70 -0.20 (-0.39%)
 I. b. Sector summary from Tuesday, 5/17/2016
  • Sector Change +/-% (best (or least worst) to worst)
  • Energy  ………………………… +0.27% 
  • Basic Materials ………………. +0.38% 
  • Industrials …………………………… -0.61% 
  • Financials ……………………………. -0.71% 
  • Healthcare ………………………….. -0.90%  
  • Cyclical Cons. Goods  ……………… -0.92% 
  • Telecommunications Srvcs ………. -1.04%  
  • Technology ………………………….. -1.07%  
  • Non-Cyclical Cons. Goods ……….. -1.27% 
  • Utilities ………………………………. -1.30%   
 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 5/17/2016
  II. a.  USA  Bonds
  • 3 Month  0.27%  +0.01 (3.85%)
  • 6 Month  0.35%  0.00 (0.00%)
  •  2 Year  0.82%  +0.02 (2.50%)
  •  5 Year  1.30%  +0.02 (1.56%)
  • 10 Year  1.77%  +0.02 (1.14%)
  • 30 Year  2.60%  +0.01 (0.39%)
  II. b.  Currencies
  • AUD/USD    0.7287  -0.0027 (-0.36%)
  • EUR/USD    1.1284  -0.0030 (-0.26%)
  • GBP/USD    1.4525  +0.0070 (+0.49%)
  • USD/CAD    1.2957  +0.0047 (+0.36%)
  • USD/CNY    6.5344  +0.0135 (+0.21%)
  • USD/HKD    7.7644  +0.0016 (+0.02%)
  • USD/JPY  109.3450  +0.3495 (+0.32%)
I. 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 Wednesday, 5/18/2016
 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 5/17 down  @  17,529.98  -180.73  (-1.02%)
:: Closed   (below 5/17 PP)  (below 5/18 PP)
  •   :: Pivot point (PP)   17567.12
  •   Support (s1)  17432.78       Support (s2)   17335.58
  •   Resistance (r1)   17664.32   Resistance (r2)   17798.66
  •   Simple Moving Average (Close 50):    17662.53       (uptrend  3/16)
  •   52 week performance  -4.20%  YTD performance  +0.60%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 5/17 down  @    4,715.73   -59.73  (-1.25%)
:: Closed   (below 5/17 PP)  (below 5/18 PP)
  •   :: Pivot point (PP)  4731.76
  •   Support (s1)   4687.36      Support (s2)  4659.00
  •   Resistance (r1)  4760.12    Resistance (r2)  4804.52
  •   Simple Moving Average (Close 50):  4816.70          (uptrend  3/21)
  •   52 week performance  -6.99%   YTD performance  -5.82%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 5/17 down  @   2,047.21   -19.45  (-0.94%)
:: Closed   (below 5/17 PP)  (below 5/18 PP)
  •   :: Pivot point (PP)  2051.24
  •   Support (s1)  2036.79        Support (s2)  2026.37
  •   Resistance (r1)  2061.66     Resistance (r2)  2076.11
  •   Simple Moving Average (Close 50):  2056.90         (uptrend  3/16)
  •   52 week performance  -3.79%  YTD performance  +0.16%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 5/17 down  @  1,132.63   -10.49  (-0.92%)
:: Closed   (below 5/17 PP)  (below 5/18 PP)
  •   :: Pivot point (PP)   1134.80
  •   Support (s1)  1126.94      Support (s2)  1121.24
  •   Resistance (r1)  1140.50   Resistance (r2)  1148.36
  •   Simple Moving Average (Close 50):  1137.41          (uptrend  3/16)
  •   52 week performance  -4.73%  YTD performance  +0.07%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 5/17 down  @  1,097.68   -18.54  (-1.66%)
:: Closed   (below 5/17 PP)  (below 5/18 PP)
  •   :: Pivot point (PP)  1103.36
  •   Support (s1)   1088.38      Support (s2)   1079.08
  •   Resistance (r1)  1112.66    Resistance (r2)  1127.64
  •   Simple Moving Average (Close 50):  1109.79          (uptrend  3/18)
  •   52 week performance  -12.58%   YTD performance   -3.36%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 5/17 down   @  1,203.74   -11.82  (-0.97%)
:: Closed   (below 5/17 PP)  (below 5/18 PP)
  •   :: Pivot point (PP)   1206.26
  •   Support (s1)   1197.47     Support (s2)  1191.19
  •   Resistance (r1)  1212.54   Resistance (r2)  1221.33
  •   Simple Moving Average (Close 50):   1208.71          (uptrend  3/16)
  •   52 week performance   -5.23%    YTD performance  -0.20%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 5/17 up  @   17.59    +0.06  (+0.34%)
:: Closed   (above 5/17 PP)  (above 5/18 PP)
  •   :: Pivot point (PP)    17.56
  •   Support (s1)    17.39      Support (s2)  17.18
  •   Resistance (r1)  17.77     Resistance (r2)  17.94
  •   Simple Moving Average (Close 50):  18.23          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.59
  •   :: Close (92 days) above/below (+/-) sma200  (-2.996) (-14.553%)
  •   :: 52 week performance  -22.24%   YTD performance -22.48%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 5/17 up   @  15.57    +0.89  (+6.06%)
:: Closed  (above 5/17 PP)  (above 5/18 PP)
  •   :: Pivot point (PP)    15.39
  •   Support (s1)    14.66      Support (s2)   13.75
  •   Resistance (r1)  16.30     Resistance (r2)  17.03
  •   Simple Moving Average (Close 50):  14.78         (downtrend)
  •   :: 52 week performance   +20.89%   YTD performance  -14.50%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Wednesday, 5/18/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17615.72  …  17384.18
  •   Nasdaq……..  4745.94  …   4673.18
  •   S&P 500 ……  2056.45  …   2031.58
  •   Russell 1000 .  1137.65  …   1124.09
  •   Russell 2000 .  1108.01  …   1083.73
  •   Russell 3000 .  1209.40  …   1194.33
  •   CBOE TNX ……   17.67  …     17.29
  •   Volatility …    16.67  …     15.03
 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  5/17
  •    —     —     —     —     —     —
  •     n/c* = no change
—–  Monday, 5/16/2016 thru Friday 5/20/2016  ——-

 

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Hope the above Index Support and Resistance calculations for Wednesday, 5/18/2016 help your investing and trading planning today …

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