Index Support and Resistance for Monday, 6/6/2016

 

  Below you will find the Index Support and Resistance for Monday, 6/6/2016 as calculated from the changes in Index points through Friday, 6/3/2016’s close.
  U.S. stocks closed lower and bond prices rallied Friday after the government’s Jobs Report indicated an unexpected slowdown in hiring last month.  Banks, needing a FED rate increase to return to growth, fell more than the rest of the market as traders and investors anticipated that the Federal Reserve would hold off on raising its key interest rate for a while longer.  The US dollar weakened against other currencies sparking a nice pent up demand rally in precious metals.   Up next, see my blogs on GLD and SLV.  Check out the charts from 6/2/2016 that signaled a move in GLD was coming. 

  This Friday 6/10/2016   The Russell Indices for June 2016

Measured through Friday’s regular hours close of trading:

  The Dow Jones Industrial Average (DJIA, .DJI) pulled back 31.50 points, or -0.2 percent, to 17,807.06.  For the week, the DJIA is down -66.16 points, or -0.4 percent.  Year to date, the DJIA is up +382.03 points, or +2.2 percent. 
  The S&P 500 Index (SPX, .INX) pulled back 6.13 points, or -0.3 percent, to 2,099.13.  For the week, the S&P 500 is up +0.07 points, or zero percent.  Year to date, the S&P 500 is up +55.19 points, or +2.7 percent.
  Year to date, the Volatility S&P500 (INDEX CBOE: VIX) is down -4.74 points, or -26.03 percent.  Note: The VIX, from its August 2015 markets correction high of 53.29 points, is down -39.82 points, or a whopping -74.723 percent.
  The Nasdaq Comp (NAS, .IXIC) pulled back 28.85 points, or -0.6 percent, to 4,942.52.  For the week, the Nasdaq is up +9.01 points, or +0.2 percent.  Year to date, the Nasdaq is down -64.89 points, or -1.296 percent.
Index chart 20160603

 Index performance Friday, 6/3/2016

  • Dow Jones    17,807.06  -31.50  (-0.18%)    (chart: blue)
  • Nasdaq  …      4,942.52  -28.85  (-0.58%)    (chart: gold)
  • S&P 500  …     2,099.13   -6.13  (-0.29%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI) .. 1,162.82  -3.69 (-0.32%)
  • Rus 2k (RUT)    1,164.14  -6.45 (-0.55%)
  • Rus 3k (RUA)   1,238.82  -4.15 (-0.33%)
  • CBOE (TNX)          17.04  -1.07 (-5.91%)
  • Volatility(VIX)      13.47  -0.16 (-1.17%)
 I. a. Select stocks of interest, from Friday, 6/3/2016
  • AAPL …  97.92  +0.20 (+0.20%)
  • C ..    ….  45.38  -1.59 (-3.39%)
  • CHK .. ..   4.07  -0.18 (-4.24%)
  • FH ..   …   1.87  +0.07 (+3.89%)
  • GE ..  …  29.95  -0.08 (-0.28%)
  • JCP .   …   8.45  +0.10 (+1.14%)
  • MPC ….  35.46  -1.22 (-3.33%)
  • MU …..  12.86  -0.25 (-1.91%)
  • VZ …..  50.92  +0.15 (+0.31%)
 I. b. Sector summary from Friday, 6/3/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials ………………………. +2.36%
  • Utilities ………………………………… +1.48%
  • Non-Cyclical Cons. Goods …………. +1.00%
  • Telecommunications Srvcs …………. +0.41%  
  • Energy ………………………………….. +0.05%
  • Industrials …………………………….. +0.03%
  • Healthcare ……………………. -0.30%
  • Technology ……………………. -0.33%
  • Cyclical Cons. Goods ………… -0.54%
  • Financials ……………………… -0.78%
 II. Bonds, and/or Currencies, and/or Commodities from Friday, 6/3/2016
  II. a.  USA  Bonds
  • 3 Month  0.28%  +0.01 (+3.70%)
  • 6 Month  0.40%  +0.00 (+0.00%)
  •  2 Year  0.77%  -0.02 (-2.53%)
  •  5 Year  1.23%  -0.02 (-1.60%)
  • 10 Year  1.70%  -0.02 (-1.16%)
  • 30 Year  2.51%  -0.02 (-0.79%)
  II. b.  Currencies
  • AUD/USD .. 0.7366  0.0000 (0.00%)
  • EUR/USD .. 1.1366  0.0000 (0.00%)
  • GBP/USD .. 1.4515  0.0000 (0.00%)
  • USD/CAD .. 1.2938  0.0000 (0.00%)
  • USD/CNY .. 6.5664  0.0000 (0.00%)
  • USD/HKD .. 7.7678  0.0000 (0.00%)
  • USD/JPY  106.5450  0.0000 (0.00%)

 II. c.   US Energy Information Administration   (US EIA)

For both Bulls and Bears:

current XLE quote (Reuters) and more

Related previous XLE analysis:

  II. d.    Federal Open Market Committee (FOMC)
 Remaining meetings:   ( FOMC  Calendar & info )
  • June 14-15*
  • July 26-27
  • September 20-21*
  • November 1-2
  • December 13-14*
* Meeting associated with a Summary of Economic Projections and a press conference by the Chair Ms. J. Yellen.
–   –           –   –   –   –           –   –   –   –

 III.  Index Support and Resistance for Monday, 6/6/2016

 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.
     –   –   –   –           –   –   –   –
dia_nas_spx %chng
Chart #2 (above, Daily, %Change)  DJIA (blue) S&P500 (red) Nasdaq (gold)
( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
Closed 6/3 down  @  17,807.06  -31.50  (-0.18%)
:: Closed   (above 6/3 PP)  (above 6/6 PP)
  •   :: Pivot point (PP)   17776.64
  •   Support (s1)  17720.10       Support (s2)   17633.15
  •   Resistance (r1)   17863.59   Resistance (r2)   17920.13
  •   Simple Moving Average (Close 50):    17755.83       (uptrend  3/16)
  •   52 week performance  -0.55%  YTD performance  +2.19%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/3 down  @    4,942.52  -28.85  (-0.58%)
:: Closed   (below 6/3 PP)  (above 6/6 PP)
  •   :: Pivot point (PP)  4936.79
  •   Support (s1)   4914.94      Support (s2)  4887.35
  •   Resistance (r1)  4964.38    Resistance (r2)  4986.23
  •   Simple Moving Average (Close 50):  4845.61          (uptrend  3/21)
  •   52 week performance  -2.48%   YTD performance  -1.30%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/3 down  @   2,099.13   -6.13  (-0.29%)
:: Closed   (below 6/3 PP)  (above 6/6 PP)
  •   :: Pivot point (PP)  2096.19
  •   Support (s1)  2088.30        Support (s2)  2077.48
  •   Resistance (r1)  2107.01     Resistance (r2)  2114.90
  •   Simple Moving Average (Close 50):  2070.36         (uptrend  3/16)
  •   52 week performance +0.30%  YTD performance + 2.70%
rui_rua_rut %chng

Chart #3 (above, Daily, %Change)

  •      Russell 1000 (.RUI), (red)
  •      Russell 2000 (.RUT) (green)
  •      Russell 3000 (.RUA) (blue)
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 6/3 down  @  1,162.82  -3.69 (-0.32%)
:: Closed   (below 6/3 PP)  (above 6/6 PP)
  •   :: Pivot point (PP)   1161.56
  •   Support (s1) 1156.48      Support (s2)    1150.13
  •   Resistance (r1)   1167.91   Resistance (r2)   1172.99
  •   Simple Moving Average (Close 50):  1145.40          (uptrend  3/16)
  •   52 week performance  -0.67%   YTD performance  + 2.73%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/3 down  @  1,164.14  -6.45 (-0.55%)
:: Closed   (below 6/3 PP)  (above 6/6 PP)
  •   :: Pivot point (PP)  1163.46
  •   Support (s1)   1156.52      Support (s2)   1148.91
  •   Resistance (r1)  1171.07    Resistance (r2)  1178.01
  •   Simple Moving Average (Close 50):  1122.96          (uptrend  3/18)
  •   52 week performance  -7.68%   YTD performance   +2.49%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 6/3 down  @  1,238.82  -4.15 (-0.33%)
:: Closed   (below 6/3 PP)  (above 6/6 PP)
  •   :: Pivot point (PP)   1237.53
  •   Support (s1)   1231.96     Support (s2)  1225.10
  •   Resistance (r1)  1244.39   Resistance (r2)  1249.96
  •   Simple Moving Average (Close 50):   1217.33          (uptrend  3/16)
  •   52 week performance   -0.51%    YTD performance  +2.71%
tnx
Chart #4 (above, Daily, %Change)  CBOE Interest Rate 10 Year T Note
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/3 down  @   17.04  -1.07 (-5.91%)
:: Closed   (below 6/3 PP)  (below 6/6 PP)
  •   :: Pivot point (PP)    17.33
  •   Support (s1)    16.70      Support (s2)  16.35
  •   Resistance (r1)  17.68     Resistance (r2)  18.31
  •   Simple Moving Average (Close 50):  18.07          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.37
  •   :: Close (104 days) above/below (+/-) sma200  (-3.331) pts, or  (-16.351%)
  •   :: 52 week performance  -29.06%   YTD performance -24.90%
spx_vix
Chart #5 (above, Daily, %Change)  S&P500 versus VIX
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/3 down   @  13.47  -0.16 (-1.17%)
:: Closed  (below 6/3 PP)  (below 6/6 PP)
  •   :: Pivot point (PP)    13.68
  •   Support (s1)    12.69      Support (s2)   11.92
  •   Resistance (r1)  14.45     Resistance (r2)  15.44
  •   Simple Moving Average (Close 50):  14.49         (downtrend)
  •   :: 52 week performance   -11.90%   YTD performance  -26.03%
  •    –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Monday, 6/6/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17891.86  …  17748.37
  •   Nasdaq……..  4950.59  …   4901.15
  •   S&P 500 ……  2101.60  …   2082.89
  •   Russell 1000 .  1164.74  …   1153.31
  •   Russell 2000 .  1167.27  …   1152.72
  •   Russell 3000 .  1240.96  …   1228.53
  •   CBOE TNX ……   17.51  …     16.53
  •   Volatility …    14.07  …     12.31
 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, 6/6/2016   thru Friday 6/10/2016  ——-

 

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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  Monday, 6/6/2016 help your investing and trading planning today …

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