Index Support and Resistance for Tuesday, 6/7/2016

 

 Below you will find the Index Support and Resistance for Tuesday, 6/7/2016 as calculated from the changes in Index points through Monday, 6/6/2016’s close. 
  The US Federal Reserve (the FED)    Expecting a Fed interest rate increase? HMM!  June appears to be out. July might be too soon. August?   September?  The FED’s next interest rate increase is coming, we know it’s coming; but, even September isn’t a sure bet.  Ms. J. Yellen says: ” …  consumers were in a position to provide a “significant” step up in spending this quarter to propel overall growth.”  Consumers?  What is the FED doing for Consumers … that consumers would feel obligated, or even inclined, to spend their hard earned dollars?  Actually, the better question should be: What are the useless yahoos in US Congress doing to help the FED create quality manufacturing jobs here in the USA?

  Check out the charts from 6/2/2016 that signaled a move in GLD was coming.   Then, if you have, or haven’t yet checked out the charts in p0, p1, and/or p2 (see the links below)  may I suggest you open GLD and p1 in separate windows so you can compare charts side by side and see if you find the 6/2/2016 GLD chart pattern in any other stock … and see what happened after the pattern appeared.  ( Hint: check out the Microsoft (MSFT) chart … are there others? ) 

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

Index chart 20160606

 Index performance Monday, 6/6/2016

  • Dow Jones    17,920.33  +113.27  (+0.64%)    (chart: blue)
  • Nasdaq        4,968.71   +26.20  (+0.53%)    (chart: gold)
  • S&P 500       2,109.41   +10.28  (+0.49%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,168.79    +5.97  (+0.51%)
  • Rus 2k (RUT)  1,176.87   +12.74  (+1.09%)
  • Rus 3k (RUA)  1,245.73    +6.91  (+0.56%)
  • CBOE (TNX)       17.23    +0.19  (+1.12%)
  • Volatility(VIX)  13.65    +0.18  (+1.34%)
I. a. Select stocks of interest, from Monday, 6/6/2016
  • AAPL …  98.63  +0.71 (+0.73%)   After Hours: 98.65 +0.02 (+0.02%)
  • C ………  45.75  +0.36 (+0.79%)
  • CHK …..   4.57  +0.48 (11.74%)   After Hours:  4.56 -0.01 (-0.22%)
  • FH …….   1.92  +0.05 (+2.67%)
  • GE …….  30.13  +0.19 (+0.63%)   After Hours: 30.08 -0.05 (-0.17%)
  • JCP ……   8.47  +0.02 (+0.18%)   After Hours:  8.47 +0.00 (+0.00%)
  • MPC ….  35.29  -0.17 (-0.48%)   After Hours: 35.29 +0.00 (+0.00%)
  • MU …..  12.77  -0.09 (-0.70%)   After Hours: 12.87 +0.10 (+0.78%)
  • VZ ……  50.70  -0.22 (-0.43%)
  • GLD …. 118.92  +0.04 (0.03%)   After Hours: 118.86 -0.06 (-0.05%)
  • SLV …..  15.68  +0.07 (0.45%)
 I. b. Sector summary from Monday, 6/6/2016
Sector Change +/-% (best (or least worst) to worst)
  • Energy  ………………………. +1.96%
  • Basic Materials  ………………. +1.80%
  • Industrials  ………………….. +0.86%
  • Healthcare  …………………… +0.66%
  • Non-Cyclical Cons. Goods ……….. +0.56%
  • Financials  …………………… +0.55%
  • Cyclical Cons. Goods …………… +0.28%
  • Telecommunications Srvcs ……….. +0.26%
  • Technology  …………………… +0.26%
  • Utilities  ……………………. +0.19%
 II. Bonds, and/or Currencies, and/or Commodities from Monday, 6/6/2016
  II. a.  USA  Bonds
  • 3 Month  0.26%  -0.01 (-3.70%)
  • 6 Month  0.41%  +0.01 (2.50%)
  •  2 Year  0.79%  -0.01 (-1.25%)
  •  5 Year  1.25%  -0.01 (-0.79%)
  • 10 Year  1.73%  +0.01 (0.58%)
  • 30 Year  2.55%  +0.03 (1.19%)
  II. b.  Currencies
  • AUD/USD  0.7438  +0.0066 (0.90%)
  • EUR/USD  1.1362  -0.0001 (-0.01%)
  • GBP/USD  1.4527  +0.0070 (0.48%)
  • USD/CAD  1.2806  -0.0008 (-0.07%)
  • USD/CNY  6.5706  +0.0099 (0.15%)
  • USD/HKD  7.7678  -0.0001 (0.00%)
  • USD/JPY  107.6500  +0.2075 (0.19%)
  II. c. Commodities  (6/7/2016 as of 03:37 AM ET)
  • Gold/Silver Ratio 76.02
  • Gold/Platinum Ratio 1.25
  • Gold/WTI Crude Ratio 25.08

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

For both Bulls and Bears:

current XLE quote (Reuters) and more

Related previous XLE analysis:

  II. e.    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 Tuesday, 6/7/2016
 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 6/6 up  @  17,920.33  +113.27  (+0.64%)
:: Closed   (above 6/6 PP)  (above 6/7 PP)
  •   :: Pivot point (PP)   17897.61
  •   Support (s1)  17845.53       Support (s2)   17770.74
  •   Resistance (r1)   17972.40   Resistance (r2)   18024.48
  •   Simple Moving Average (Close 50):    17763.93       (uptrend  3/16)
  •   52 week performance  +0.40%  YTD performance  +2.84%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/6 up  @    4,968.71   +26.20  (+0.53%)
:: Closed   (above 6/6 PP)  (above 6/7 PP)
  •   :: Pivot point (PP)  4964.57
  •   Support (s1)   4949.01      Support (s2)  4929.30
  •   Resistance (r1)  4984.28    Resistance (r2)  4999.84
  •   Simple Moving Average (Close 50):  4849.52          (uptrend  3/21)
  •   52 week performance  -1.05%   YTD performance  -0.77%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/6 up  @  2,109.41   +10.28  (+0.49%)
:: Closed   (above 6/6 PP)  (above 6/7 PP)
  •   :: Pivot point (PP)  2107.87
  •   Support (s1)  2102.37        Support (s2)  2095.34
  •   Resistance (r1)  2114.90     Resistance (r2)  2120.40
  •   Simple Moving Average (Close 50):  2071.83         (uptrend  3/16)
  •   52 week performance +1.45%  YTD performance  +3.20%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 6/6 up  @  1,168.79    +5.97  (+0.51%)
:: Closed   (above 6/6 PP)  (above 6/7 PP)
  •   :: Pivot point (PP)   1167.55
  •   Support (s1)  1164.20      Support (s2)  1159.60
  •   Resistance (r1)  1172.15   Resistance (r2)  1175.50
  •   Simple Moving Average (Close 50):  1146.29          (uptrend  3/16)
  •   52 week performance  -0.08%  YTD performance  +3.26%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/6 up  @  1,176.87   +12.74  (+1.09%)
:: Closed   (above 6/6 PP)  (above 6/7 PP)
  •   :: Pivot point (PP)  1173.30
  •   Support (s1)   1167.25      Support (s2)   1157.64
  •   Resistance (r1)  1182.91    Resistance (r2)  1188.96
  •   Simple Moving Average (Close 50):  1124.91          (uptrend  3/18)
  •   52 week performance  -6.13%   YTD performance   +3.61%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 6/6 up  @  1,245.73    +6.91  (+0.56%)
:: Closed   (above 6/6 PP)  (above 6/7 PP)
  •   :: Pivot point (PP)   1244.19
  •   Support (s1)   1240.51     Support (s2)  1235.29
  •   Resistance (r1)  1249.41   Resistance (r2)  1253.09
  •   Simple Moving Average (Close 50):   1218.25          (uptrend  3/16)
  •   52 week performance   +0.05%    YTD performance  +3.29%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/6 up  @   17.23    +0.19  (+1.12%)
:: Closed   (below 6/6 PP)  (below 6/7 PP)
  •   :: Pivot point (PP)    17.26
  •   Support (s1)    17.10      Support (s2)  16.97
  •   Resistance (r1)  17.39     Resistance (r2)  17.55
  •   Simple Moving Average (Close 50):  18.04          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.35
  •   :: Close (105 days) above/below (+/-) sma200  (-3.118) pts. or (-15.324%)
  •   :: 52 week performance   -27.64%   YTD performance  -24.06%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/6 up   @  13.65    +0.18  (+1.34%)
:: Closed  (below 6/6 PP)  (below 6/7 PP)
  •   :: Pivot point (PP)    13.78
  •   Support (s1)    13.29      Support (s2)   12.93
  •   Resistance (r1)  14.14     Resistance (r2)  14.63
  •   Simple Moving Average (Close 50):  14.46         (downtrend)
  •   :: 52 week performance   -5.67%   YTD performance  -25.04%
  •    –   –   –   –           –   –   –   –
IV.  Index “projected” Highs and Lows for Tuesday, 6/7/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17998.44  …  17871.57
  •   Nasdaq……..  4992.06  …   4956.79
  •   S&P 500 ……  2117.65  …   2105.12
  •   Russell 1000 .  1173.83  …   1165.88
  •   Russell 2000 .  1185.94  …   1170.28
  •   Russell 3000 .  1251.25  …   1242.35
  •   CBOE TNX ……   17.47  …     17.18
  •   Volatility …    13.96  …     13.11
 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  ——-

 

( x)   All Links can be opened in a new tab or new window …

  •  ( 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

 

[ More  Blogs ]

 

Hope the above Index Support and Resistance calculations for Tuesday, 6/7/2016 help your investing and trading planning today …

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