Index Support and Resistance for Wednesday, 5/25/2016

 

  Below you will find the Index Support and Resistance for Wednesday, 5/25/2016 as calculated from the changes in Index points through Tuesday, 5/24/2016’s close.
  USA stocks and indices made their biggest gain since March 11th on Tuesday as technology companies like Apple Inc. (AAPL)  and Microsoft (MSFT) rallied.   Homebuilders also climbed after the government said sales of new homes reached an eight-year high last month. That message was a sign the USA housing market and the broader economy are in pretty good shape.  There can be no doubt about the positive contributions the homebuilders make in local economies, and on employment, throughout the USA.
On Tuesday (see here and more below):
  The Dow Jones Industrial Average (DJIA, .DJI) rallied +213.12 points, or +1.22 percent, to 17,706.05.  For the week (Friday’s close to date), the Dow is up 205.11 points, or 1.2 percent.  Year to date, the Dow is up +281.02 points, or +1.613 percent.
  The Standard & Poor’s 500 Index (SPX, .INX) rallied +28.02 points, or +1.37 percent, to 2,076.06.   The S&P has rallied from two-month lows, since its close at 2035.94 points on March 24, 2016, reinforcing the strength of the 2,040 support.
From a low of 1930.35 points on 3/15/2016, the S&P 500 50 day simple moving average (sma50) is in an uptrend and currently at 2062.19 points, and the sma50 is looking at major overhead around the 2,080 mark.
For the week (Friday’s close to date), the S&P 500 is up 23.74 points, or 1.2 percent.  Year to date, the S&P 500 is up +32.12 points, or +1.571 percent.
  The Nasdaq Composite Index (NASDAQ, .IXIC) rallied +95.27 points, or +2 percent, to 4,861.06.  For the week (Friday’s close to date), the Nasdaq is up +91.50 points, or +1.918 percent.  Year to date, the Nasdaq is down -146.35 points, or -2.889 percent.
                              –   –   –   –           –   –   –   –
Index chart 201605124

 Index performance Tuesday, 5/24/2016

  • Dow Jones    17,706.05  +213.12  (+1.22%)    (chart: blue)
  • Nasdaq        4,861.06   +95.27  (+2.00%)    (chart: gold)
  • S&P 500       2,076.06   +28.02  (+1.37%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)   1,149.01  +15.54  (+1.37%)
  • Rus 2k (RUT)   1,135.31  +23.94  (+2.15%)
  • Rus 3k (RUA)   1,222.90  +17.23  (+1.43%)
  • CBOE (TNX)        18.59   +0.21  (+1.14%)
  • Volatility(VIX)   14.42   -1.40  (-8.85%)
I. a. Select stocks of interest, from Tuesday, 5/24/2016
  • AAPL … 97.90  +1.47  (+1.52%)   After Hours: 98.20 +0.30 (+0.31%)
  • C ……… 45.86  +0.75  (+1.66%)  
  • CHK …..  4.06  +0.39 (+10.63%)  After Hours:  4.11 +0.05 (+1.23%)
  • FH ……..  1.75  -0.05  (-2.78%)
  • GE …… 29.85  +0.36  (+1.22%)   After Hours: 29.97 +0.12 (+0.40%)
  • JCP ……  7.84  +0.16  (+2.15%)    After Hours:   7.83 -0.01 (-0.19%)
  • MPC …. 35.82  +0.25  (+0.70%)   After Hours: 35.81 -0.01 (-0.03%)
  • MU …… 11.49  +0.35  (+3.14%)    After Hours:  11.58 +0.09 (+0.78%)
  • VZ …… 49.56  +0.42  (+0.85%)

 I. b. Sector summary from Tuesday, 5/24/2016

Sector Change +/-% (best (or least worst) to worst)
  • Technology …………………….. +2.03%
  • Financials ………………………. +1.66%  
  • Non-Cyclical Cons. Goods …… +1.55%
  • Healthcare ………………………. +1.49%  
  • Cyclical Cons. Goods ………….. +1.41%
  • Industrials ………………………. +1.37% 
  • Telecommunications Srvcs …… +1.11% 
  • Utilities …………………………… +1.04%
  • Energy ……………………….. +0.54%
  • Basic Materials …………….. +0.01%

 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 5/24/2016

  II. a.  USA  Bonds

  • 3 Month  0.34%  0.00 (0.00%)
  • 6 Month  0.46%  +0.01 (2.22%)
  •  2 Year  0.89%  -0.02 (-2.20%)
  •  5 Year  1.39%  +0.01 (0.72%)
  • 10 Year  1.86%  +0.02 (1.09%)
  • 30 Year  2.64%  +0.01 (0.38%)
  II. b.  Currencies
  • AUD/USD .. 0.7207  +0.0018 (+0.25%)
  • EUR/USD .. 1.1150  +0.0015 (+0.14%)
  • GBP/USD .. 1.4613  +0.0000 (+0.00%)
  • USD/CAD .. 1.3106  -0.0022 (-0.17%)
  • USD/CNY .. 6.5624  +0.0026 (+0.04%)
  • USD/HKD .. 7.7672  -0.0014 (-0.02%)
  • USD/JPY  110.0760  -0.0915 (-0.08%)
  II. cUS Energy Information Administration   (US EIA)

For both Bulls and Bears:

current XLE quote (Reuters) and more

Related previous XLE analysis:

     –   –   –   –           –   –   –   –
 III.  Index Support and Resistance for Wednesday, 5/25/2016
 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 5/24 up  @  17,706.05  +213.12  (+1.22%)
:: Closed   (above 5/24 PP)  (above 5/25 PP)
  •   :: Pivot point (PP)   17657.94
  •   Support (s1)  17573.30       Support (s2)   17440.54
  •   Resistance (r1)   17790.70   Resistance (r2)   17875.34
  •   Simple Moving Average (Close 50):    17707.73       (uptrend  3/16)
  •   52 week performance  -1.86%  YTD performance  +1.61%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 5/24 up  @    4,861.06   +95.27  (+2.00%)
:: Closed   (above 5/24 PP)  (above 5/25 PP)
  •   :: Pivot point (PP)  4839.89
  •   Support (s1)   4813.80      Support (s2) 4766.53
  •   Resistance (r1)  4887.16    Resistance (r2)  4913.25
  •   Simple Moving Average (Close 50):  4823.98          (uptrend  3/21)
  •   52 week performance  -4.81%    YTD performance  -2.92%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 5/24 up  @   2,076.06   +28.02  (+1.37%)
:: Closed   (above 5/24 PP)  (above 5/25 PP)
  •   :: Pivot point (PP)  2069.46
  •   Support (s1)  2059.25        Support (s2)  2042.44
  •   Resistance (r1)  2086.27     Resistance (r2)  2096.48
  •   Simple Moving Average (Close 50):  2062.19         (uptrend  3/16)
  •   52 week performance  -2.23%  YTD performance  +1.57%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 5/24 up  @  1,149.01  +15.54  (+1.37%)
:: Closed   (above 5/24 PP)  (above 5/25 PP)
  •   :: Pivot point (PP)   1144.63
  •   Support (s1)  1138.32      Support (s2)  1127.62
  •   Resistance (r1)  1155.33   Resistance (r2)  1161.64
  •   Simple Moving Average (Close 50):  1140.51          (uptrend  3/16)
  •   52 week performance  -2.21%  YTD performance  +1.51%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 5/24 up  @  1,135.31  +23.94  (+2.15%)
:: Closed   (above 5/24 PP)  (above 5/25 PP)
  •   :: Pivot point (PP)  1128.04
  •   Support (s1)   1119.78      Support (s2)   1104.26
  •   Resistance (r1)  1143.56    Resistance (r2)  1151.82
  •   Simple Moving Average (Close 50):  1113.40          (uptrend  3/18)
  •   52 week performance  -9.49%   YTD performance   -0.05%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 5/24 up   @  1,222.90  +17.23  (+1.43%)
:: Closed   (above 5/24 PP)  (above 5/25 PP)
  •   :: Pivot point (PP)   1218.00
  •   Support (s1)   1211.12     Support (s2)  1199.33
  •   Resistance (r1)  1229.79   Resistance (r2)  1236.67
  •   Simple Moving Average (Close 50):   1211.80          (uptrend  3/16)
  •   52 week performance   -3.47%    YTD performance  +1.39%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 5/24 up  @   18.59   +0.21  (+1.14%)
:: Closed   (above 5/24 PP)  (0.003 below 5/25 PP)
  •   :: Pivot point (PP)    18.59
  •   Support (s1)    18.39      Support (s2)  18.18
  •   Resistance (r1)  18.80     Resistance (r2)  19.00
  •   Simple Moving Average (Close 50):  18.17          (downtrend)
  •   Simple Moving Average (Close 200)  20.49           (downtrend)
  •   :: Close (97 days) above/below (+/-) sma200  (-1.902) (-9.281%)
  •   :: 52 week performance  -12.93%   YTD performance -18.07%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 5/24 down   @  14.42   -1.40  (-8.85%)
:: Closed  (below 5/24 PP)  (below 5/25 PP)
  •   :: Pivot point (PP)    14.95
  •   Support (s1)    13.83      Support (s2)   13.25
  •   Resistance (r1)  15.53     Resistance (r2)  16.65
  •   Simple Moving Average (Close 50):  14.60         (downtrend)
  •   :: 52 week performance   +8.34%   YTD performance  -20.81%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Wednesday, 5/25/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17833.02  …  17615.62
  •   Nasdaq……..  4900.21  …   4826.85
  •   S&P 500 ……  2091.38  …   2064.36
  •   Russell 1000 .  1158.49  …   1141.48
  •   Russell 2000 .  1147.69  …   1123.91
  •   Russell 3000 .  1233.23  …   1214.56
  •   CBOE TNX ……   18.90  …     18.49
  •   Volatility …    15.24  …     13.54
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • Dow Jones ..  18229.75 -*  15370.33 .. (17425.03)  c-*
  • Nasdaq …..   5231.94 ..   4209.76 ..  (5007.41)  n/c
  • S&P 500 ….   2132.82 ..   1810.10 ..  (2043.94)  n/c
  •   ——————————————-
  • Rus 1k (RUI)   1189.88 -*    995.55 ..  (1069.65)  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  c-* = changed lower  5/24
—–  Monday, 5/23/2016 thru Friday 5/27/2016  ——-

 

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    It’s Black Friday for OPEC

 

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Hope the above Index Support and Resistance calculations for Wednesday, 5/25/2016  help your investing and trading planning today …

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