Index Support and Resistance for Wednesday, 6/8/2016

 

Below you will find the Index Support and Resistance for Wednesday, 6/8/2016 as calculated from the changes in Index points through Tuesday, 6/7/2016’s close.

Index chart 20160607
 Index performance Tuesday, 6/7/2016

  • Dow Jones    17,938.28  +17.95  (+0.10%)    (chart: blue)
  • Nasdaq        4,961.75   -6.96  (-0.14%)    (chart: gold)
  • S&P 500       2,112.13   +2.72  (+0.13%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI)  1,170.52   +1.73  (+0.15%)
  • Rus 2k (RUT)  1,179.97   +3.10  (+0.26%) 
  • Rus 3k (RUA)  1,247.68   +1.96  (+0.16%)
  • CBOE (TNX)       17.13   -0.10  (-0.58%)
  • Volatility(VIX)  14.05   +0.40  (+2.93%)
 I. a. Select stocks of interest, from Tuesday, 6/7/2016
  • AAPL …  99.03  +0.40 (+0.41%)   After Hours: 99.00 -0.03 (-0.03%)
  • C ………  45.54  -0.20 (-0.44%)   After Hours: 45.50 -0.04 (-0.09%)
  • CHK …..   4.68   +0.11  (+2.41%)   After Hours:  4.71 +0.03 (+0.64%)
  • FH ……..   1.98  +0.06 (+3.13%)
  • GE …….  30.14  +0.02 (+0.07%)
  • JCP …….   8.65  +0.19 (+2.25%)   After Hours:  8.66 +0.01 (+0.12%)
  • MPC ….  36.65   +1.36 (+3.85%)   After Hours: 36.76 +0.11 (+0.30%)
  • MU ……  13.00  +0.23 (+1.80%)   After Hours: 13.00 +0.00 (+0.00%)
  • VZ …….  51.76  +1.05 (+2.07%)
  • GLD …. 118.82  -0.10 (-0.08%)
  • SLV ….  15.59  -0.09 (-0.57%)
 I. b. Sector summary from Tuesday, 6/7/2016
Sector Change +/-% (best (or least worst) to worst)
  • Energy ………………… +2.12% 
  • Telecommunications Srvcs … +1.19%  
  • Non-Cyclical Cons. Goods … +0.43%
  • Industrials ……………. +0.41% 
  • Cyclical Cons. Goods ……. +0.38% 
  • Technology …………….. +0.30%  
  • Utilities ……………… +0.19%
  • Financials …………….. +0.06% 
  • Basic Materials…….. -0.13%
  • Healthcare ………… -0.56% 

 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 6/7/2016

  II. a.  USA  Bonds
  • 3 Month  0.28%  +0.01 (+3.70%)
  • 6 Month  0.42%  +0.00 (+0.00%)
  •  2 Year  0.77%  -0.01 (-1.28%)
  •  5 Year  1.23%  +0.00 (+0.00%)
  • 10 Year  1.72%  +0.00 (+0.00%)
  • 30 Year  2.54%  +0.00 (+0.00%)
  II. b.  Currencies
  • AUD/USD .. 0.7453  +0.0010 (+0.13%)
  • EUR/USD .. 1.1366  +0.0010 (+0.09%)
  • GBP/USD .. 1.4557  +0.0016 (+0.11%)
  • USD/CAD .. 1.2733  -0.0024 (-0.19%)
  • USD/CNY .. 6.5694  -0.0025 (-0.04%)
  • USD/HKD .. 7.7657  -0.0004 (-0.01%)
  • USD/JPY  107.2005  -0.0925 (-0.09%)
  II. c. Commodities  (as of 6/8/2016 01:07 AM ET)
  • Spot Gold
  • Bid/Ask 1248.20 / 1249.20
  • Low/High 1246.90 / 1249.50
  • Change +5.00 +0.40%
  •  1 month change-15.20 -1.20%
  •  1 year change +71.80 +6.10%
  • Gold/Silver Ratio 75.98
  • Gold/Platinum Ratio 1.24

 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 Fed Chairperson  Ms. J. Yellen.
–   –           –   –   –   –           –   –   –   –

 III.  Index Support and Resistance for Wednesday, 6/8/2016

 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 %c 20160607
Chart #2  Index performance DJIA, Nasdaq, & S&P500  (August 2015 thru Tuesday, 6/7/2016)
   Chart #2 (above, daily) indicates the cumulative percentage change in the DJIA, Nasdaq, & S&P500 since the first ‘Mr. & Ms. Fickle markets worried about FED rate increases’ correction in August 2015.
( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
Closed 6/7 up  @  17,938.28  +17.95  (+0.10%)
:: Closed   (above 6/7 PP)  (below 6/8 PP)
  •   :: Pivot point (PP)   17959.24
  •   Support (s1)  17915.26       Support (s2)   17892.23
  •   Resistance (r1)   17982.27   Resistance (r2)   18026.25
  •   Simple Moving Average (Close 50):    17771.98       (uptrend  3/16)
  •   52 week performance  +0.97%  YTD performance  +2.95%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/7 down  @    4,961.75   -6.96  (-0.14%)
:: Closed   (below 6/7 PP)  (below 6/8 PP)
  •   :: Pivot point (PP)  4967.14
  •   Support (s1)   4954.89      Support (s2)  4948.04
  •   Resistance (r1)  4973.99    Resistance (r2)  4986.24
  •   Simple Moving Average (Close 50):  4853.42          (uptrend  3/21)
  •   52 week performance  -1.04%   YTD performance  -0.91%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/7 up  @  2,112.13   +2.72  (+0.13%)
:: Closed   (above 6/7 PP)  (below 6/8 PP)
  •   :: Pivot point (PP)  2113.84
  •   Support (s1)  2108.47        Support (s2)  2104.80
  •   Resistance (r1)  2117.51     Resistance (r2)  2122.88
  •   Simple Moving Average (Close 50):  2073.34         (uptrend  3/16)
  •   52 week performance +1.54%  YTD performance  +3.34%
rui_rut_rua %c 20160607
Chart #3  Index performance Russell 1000, Russell 2000, & Russell 3000 (August 2015 thru Tuesday, 6/7/2016)
   Chart #3 (above, daily) indicates the cumulative percentage change in the Russell 1000 (.RUI), Russell 2000 (.RUT), & Russell 3000 (.RUA)  since the first ‘Mr. & Ms. Fickle markets worried about FED rate increases’ correction in August 2015.  We’re going to hear about the Russell Reconstitution Friday, 6/10/2016, after the markets close.
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 6/7 up  @  1,170.52   +1.73  (+0.15%)
:: Closed   (above 6/7 PP)  (below 6/8 PP)
  •   :: Pivot point (PP)   1171.35
  •   Support (s1)  1168.42      Support (s2)  1166.31
  •   Resistance (r1)  1173.46   Resistance (r2)  1176.39
  •   Simple Moving Average (Close 50):  1147.20          (uptrend  3/16)
  •   52 week performance  +0.74%  YTD performance  +3.41%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/7 up  @  1,179.97   +3.10  (+0.26%)
:: Closed   (above 6/7 PP)  (above 6/8 PP)
  •   :: Pivot point (PP)  1179.59
  •   Support (s1)   1175.43      Support (s2)   1170.89
  •   Resistance (r1)  1184.13    Resistance (r2)  1188.29
  •   Simple Moving Average (Close 50):  1126.90          (uptrend  3/18)
  •   52 week performance  -5.88%   YTD performance   +3.88%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 6/7 up  @  1,247.68   +1.96  (+0.16%)
:: Closed   (above 6/7 PP)  (below 6/8 PP)
  •   :: Pivot point (PP)   1248.52
  •   Support (s1)   1245.36     Support (s2)  1243.05
  •   Resistance (r1)  1250.83   Resistance (r2)  1253.99
  •   Simple Moving Average (Close 50):   1219.28          (uptrend  3/16)
  •   52 week performance   -0.97%    YTD performance  +3.45%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/7 down  @   17.13   -0.10  (-0.58%)
:: Closed   (below 6/7 PP)  (below 6/8 PP)
  •   :: Pivot point (PP)    17.14
  •   Support (s1)    17.03      Support (s2)  16.92
  •   Resistance (r1)  17.25     Resistance (r2)  17.36
  •   Simple Moving Average (Close 50):  18.01          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.32
  •   :: Close (106 days) above/below (+/-) sma200  (-3.193) pts. or (-15.712%)
  •   :: 52 week performance  -29.13%   YTD performance -24.50%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/7 up   @  14.05   +0.40  (+2.93%)
:: Closed  (above 6/7 PP)  (above 6/8 PP)
  •   :: Pivot point (PP)    13.61
  •   Support (s1)    13.16      Support (s2)   12.28
  •   Resistance (r1)  14.49     Resistance (r2)  14.94
  •   Simple Moving Average (Close 50):  14.46         (downtrend)
  •   :: 52 week performance   +6.28%   YTD performance  -22.84%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Wednesday, 6/8/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18004.26  …  17937.25
  •   Nasdaq……..  4970.57  …   4951.47
  •   S&P 500 ……  2120.20  …   2111.16
  •   Russell 1000 .  1174.93  …   1169.89
  •   Russell 2000 .  1186.21  …   1177.51
  •   Russell 3000 .  1252.41  …   1246.94
  •   CBOE TNX ……   17.20  …     16.98
  •   Volatility …    14.72  …     13.39

 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 Wednesday, 6/8/2016 help your investing and trading planning today …

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