Index Support and Resistance for Thursday, 6/2/2016

 

 Below you will find the Index Support and Resistance for Thursday, 6/2/2016 as calculated from the changes in Index points through Wednesday, 6/1/2016’s close.   Do not forget Quadruple Witching Friday, 6/17/2016, only 11 trading days away, is on the near horizon.
    I have a new reason for analyzing stocks, whether I’m invested in them or not, as family member children and their peers  are competing in school projects about the USA stock market.  Children are way smarter about marketing, trends, and company products than adults give them credit for.  Ask them why they picked the companies they picked for their school project … and sit back, listen, … and take notes.   Priceless!
  Many people analyse the Indices and the ETFs, especially the leveraged ETFs, options, and futures, but miss out on the wealth of information and knowledge that comes through doing our homework on the underlying stocks, especially stocks that can be found in multiple indices.  As an example , when I am doing my Fundamental, Technical, and Sentiment analysis on Apple Inc. (AAPL) a member of the  DJIA®, the NASDAQ 100®, and the S&P 500®, et cetera … I am also getting the fill in the blanks, pieces of the puzzle, tree in the forest, homework done for each of those Indices as well.
  For this Memorial Day holiday shortened week, thru Friday, 6/3/2016:
   DJIA Companies Support and Resistance for Tuesday, 5/31/2016
Index chart 20160601

 Index performance Wednesday, 6/1/2016

  • Dow Jones    17,789.67  +2.47  (+0.01%)    (chart: blue)
  • Nasdaq …       4,952.25  +4.20  (+0.08%)    (chart: gold)
  • S&P 500  …    2,099.33  +2.37  (+0.11%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)   1162.64  +1.70  (+0.15%)
  • Rus 2k (RUT)   1163.04  +8.25  (+0.71%)
  • Rus 3k (RUA)  1,238.56  +2.34  (+0.19%)
  • CBOE (TNX)       18.46  +0.12  (+0.65%)
  • Volatility(VIX)  14.20  +0.01  (+0.07%)
 I. a. Select stocks of interest, from Wednesday, 6/1/2016
  • AAPL …  98.46  -1.40 (-1.40%)   After Hours: 98.30 -0.16 (-0.16%)
  • C ……  46.93  +0.36 (+0.77%)   After Hours: 46.97 +0.04 (+0.09%)
  • CHK ….   4.36  +0.07 (+1.75%)   After Hours:  4.35 -0.01 (-0.34%)
  • FH …..   1.88  +0.05 (+2.73%)
  • GE …..  30.10  -0.12 (-0.41%)
  • JCP ….   7.78  -0.01 (-0.13%)   After Hours:  7.78 +0.00 (+0.00%)
  • MPC ….  36.44  +1.61 (+4.62%)   After Hours: 36.44 +0.00 (+0.00%)
  • MU …..  13.09  +0.37 (+2.91%)   After Hours: 13.10 +0.01 (+0.08%)
  • VZ …..  50.43  -0.47 (-0.92%)   After Hours: 50.44 +0.01 (0.02%)
 I. b. Sector summary from Wednesday, 6/1/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods …… +1.17%
  • Energy ………………………….. +0.46% 
  • Healthcare …………………….. +0.31%  
  • Financials …………………….. +0.19%
  • Industrials ……………………. +0.18% 
  • Utilities ……………………… +0.09%  
  • Basic Materials …………………….. -0.02%
  • Cyclical Cons. Goods ……………… -0.05% 
  • Technology …………………………. -0.19% 
  • Telecommunications Srvcs …….. -0.27% 
 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 6/1/2016
  II. a.  USA  Bonds
  • 3 Month  0.24%  -0.04 (-14.29%)
  • 6 Month  0.44%  0.00 (0.00%)
  •  2 Year  0.89%  +0.02 (2.30%)
  •  5 Year  1.38%  +0.04 (2.99%)
  • 10 Year  1.84%  +0.03 (1.66%)
  • 30 Year  2.62%  +0.01 (0.38%)
  II. b.  Currencies
  • AUD/USD  0.7230  -0.0019 (-0.27%)
  • EUR/USD  1.1195  +0.0008 (0.07%)
  • GBP/USD  1.4428  +0.0009 (0.06%)
  • USD/CAD  1.3082  +0.0006 (0.05%)
  • USD/CNY  6.5802  +0.0073 (0.11%)
  • USD/HKD  7.7692  -0.0010 (-0.01%)
  • USD/JPY  109.2300  -0.2430 (-0.22%)
 II. c.   US 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 Thursday, 6/2/2016
 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 6/1 up  @  17,789.67  +2.47  (+0.01%)
:: Closed   (below 6/1 PP)  (above 6/2 PP)
  •   :: Pivot point (PP)   17754.55
  •   Support (s1)  17699.91       Support (s2)   17610.16
  •   Resistance (r1)   17844.30   Resistance (r2)   17898.94
  •   Simple Moving Average (Close 50):    17744.62       (uptrend  3/16)
  •   52 week performance  -1.23%  YTD performance  +2.09%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/1 up  @    4,952.25  +4.20  (+0.08%)
:: Closed   (above 6/1 PP)  (above 6/2 PP)
  •   :: Pivot point (PP)  4944.81
  •   Support (s1)   4930.64      Support (s2)  4909.03
  •   Resistance (r1)  4966.42    Resistance (r2)  4980.59
  •   Simple Moving Average (Close 50):  4839.15          (uptrend  3/21)
  •   52 week performance  -2.88%   YTD performance  -1.10%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/1 up  @   2,099.33  +2.37  (+0.11%)
:: Closed   (above 6/1 PP)  (above 6/2 PP)
  •   :: Pivot point (PP)  2095.13
  •   Support (s1)  2089.30        Support (s2)  2079.26
  •   Resistance (r1)  2105.17     Resistance (r2)  2111.00
  •   Simple Moving Average (Close 50):  2068.01         (uptrend  3/16)
  •   52 week performance  -0.70%  YTD performance  +2.71%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 6/1 up  @  1162.64  +1.70  (+0.15%)
:: Closed   (above 6/1 PP)  (above 6/2 PP)
  •   :: Pivot point (PP)   1160.12
  •   Support (s1)  1156.77      Support (s2)  1150.90
  •   Resistance (r1)  1165.99   Resistance (r2)  1169.34
  •   Simple Moving Average (Close 50):  1143.97          (uptrend  3/16)
  •   52 week performance  -1.31%  YTD performance  +2.72%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/1 up  @  1163.04  +8.25  (+0.71%)
:: Closed   (above 6/1 PP)  (above 6/2 PP)
  •   :: Pivot point (PP)  1158.36
  •   Support (s1)   1153.28      Support (s2)   1143.53
  •   Resistance (r1)  1168.11    Resistance (r2)  1173.19
  •   Simple Moving Average (Close 50):  1119.73          (uptrend  3/18)
  •   52 week performance  -8.03%   YTD performance   +2.39%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 6/1 up   @  1,238.56  +2.34  (+0.19%)
:: Closed   (above 6/1 PP)  (above 6/2 PP)
  •   :: Pivot point (PP)   1235.70
  •   Support (s1)   1232.02     Support (s2)  1225.47
  •   Resistance (r1)  1242.25   Resistance (r2)  1245.93
  •   Simple Moving Average (Close 50):   1215.86          (uptrend  3/16)
  •   52 week performance   -1.21%    YTD performance  +2.69%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/1 up  @   18.46  +0.12  (+0.65%)
:: Closed   (below 6/1 PP)  (above 6/2 PP)
  •   :: Pivot point (PP)    18.34
  •   Support (s1)    18.18      Support (s2)  17.91
  •   Resistance (r1)  18.61     Resistance (r2)  18.77
  •   Simple Moving Average (Close 50):  18.11          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.41
  •   :: Close (102 days) above/below (+/-) sma200  (-1.949) pts, or (-9.550%)
  •   :: 52 week performance  -21.98%   YTD performance  -18.64%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/1 up   @  14.20  +0.01  (+0.07%)
:: Closed  (below 6/1 PP)  (below 6/2 PP)
  •   :: Pivot point (PP)    14.54
  •   Support (s1)    13.84      Support (s2)   13.47
  •   Resistance (r1)  14.91     Resistance (r2)  15.61
  •   Simple Moving Average (Close 50):  14.54         (downtrend)
  •   :: 52 week performance   -3.47%   YTD performance  -22.02%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Thursday, 6/2/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones ….. 17871.62  …  17727.23
  •   Nasdaq………  4973.51  …   4937.73
  •   S&P 500 …….  2108.09  …   2092.22
  •   Russell 1000 ..  1167.67  …   1158.45
  •   Russell 2000 ..  1170.65  …   1155.82
  •   Russell 3000 ..  1244.09  …   1233.86
  •   CBOE TNX …….   18.69  …     18.26
  •   Volatility …..   14.73  …     13.66
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • Dow Jones ..  18188.81 ..  15370.33 .. (17425.03)  n/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)  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  c-* = changed lower
—–  Monday, 5/30/2016 thru Friday 6/3/2016  ——-

 

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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

 

Please read:

 (1)  Research and Investing Disclaimer

 (2)  Investing and Trading

    It’s Black Friday for OPEC

 

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Hope the above Index Support and Resistance calculations for Thursday, 6/2/2016  help your investing and trading planning today …

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