Index Support and Resistance for Thursday, 6/9/2016

 

  In section III. below, you will find the Index Support and Resistance for Thursday, 6/9/2016 as calculated from the changes in Index points through Wednesday, 6/8/2016’s close.  Considering the data, the calculations and projections below, along with all the market moving triggers converging in June … why would anyone want to sell in May and go away?  While, today looks to be a negative open based on pre-market E-mini futures, Mr. & Ms. Fickle Markets are antsy, until they get the time to analyze the new data, and assess its impact, if any.    From the beginning of 2016 into February, the Bears were winning, ever since, the Bulls are slugging it out and winning round after round.  The day the Bears finally capitulate, the math projects there could be an indices pop of +3 to +7 percent … which bodes well for the bulk of the underlying securities.

Example:  Has anyone else pointed out that the VIX 50 day SMA (sma50) has up ticked from 14.46 to 14.47, potentially ending the downtrend it’s been in?  Or is the downtrend destined to resume?  See below, some of the data that goes into my intraday and End-of-Day (EOD) calculations:

Index chart 20160608
 Chart #1 (above, intraday, %change)  Index performance Wednesday, 6/8/2016

  •  Dow Jones    18,005.05  +66.77  (+0.37%)    (chart: blue)
  • Nasdaq  …      4,974.64  +12.89  (+0.26%)    (chart: gold)
  • S&P 500 ….      2,119.12   +6.99  (+0.33%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI) …  1,174.37  +3.85  (+0.33%)
  • Rus 2k (RUT) ..  1,188.95  +8.98  (+0.76%)
  • Rus 3k (RUA) ..  1,252.20  +4.51  (+0.36%)
  • CBOE (TNX) …       17.06  -0.07  (-0.41%)
  • Volatility(VIX) ….  14.08  +0.03  (+0.21%)
 I. a. Select stocks and ETFs of interest, from Wednesday, 6/8/2016
  • AAPL … 98.94  -0.09 (-0.09%)   After Hours: 98.80 -0.14 (-0.14%)
  • C …… 45.56  +0.02 (+0.044%)
  • CHK ….  4.97  +0.30 (+6.53%)   After Hours:  5.01 +0.04 (+0.70%)
  • FH …..  2.05  +0.07 (+3.54%)   After Hours:  2.05 +0.00 (+0.00%)
  • GE ….. 30.32  +0.18 (+0.60%)
  • JCP ….  8.58  -0.06 (-0.69%)   After Hours:  8.52 -0.06 (-0.70%)
  • MPC …. 36.88  +0.23 (+0.63%)   After Hours: 36.80 -0.08 (-0.22%)
  • MU ….. 12.58  -0.42 (-3.23%)   After Hours: 12.66 +0.08 (+0.64%)
  • VZ ….. 51.52  -0.23 (-0.44%)   After Hours: 51.55 +0.03 (0.06%)
  • GLD …. 120.58  +1.76 (+1.48%)
  • SLV ….  16.21  +0.62 (+3.98%)
  • IWD …. 103.89  +0.32 (+0.31%)
  • IWM …. 118.43  +0.91 (+0.77%)
 I. b. Sector summary from Wednesday, 6/8/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials ……………………. +1.42%
  • Non-Cyclical Cons. Goods ……… +0.89%
  • Utilities …………………………….. +0.65%
  • Industrials …………………. +0.47%
  • Energy ……………………… +0.39%
  • Financials ………………….. +0.38%
  • Healthcare ………………….. +0.35%
  • Technology ………………….. +0.28%
  • Cyclical Cons. Goods …………. +0.18%
  • Telecommunications Srvcs ……… +0.12%

 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 6/8/2016

  II. a.  USA  Bonds
  • 3 Month  0.23%  -0.03 (-11.54%)
  • 6 Month  0.42%  -0.01 (-2.33%)
  •  2 Year  0.78%  0.00 (0.00%)
  •  5 Year  1.23%  -0.01 (-0.81%)
  • 10 Year  1.70%  -0.01 (-0.58%)
  • 30 Year  2.51%  -0.02 (-0.79%)
  II. b.  Currencies
  • AUD/USD  0.7466  -0.0025 (-0.34%)
  • EUR/USD  1.1397  -0.0006 (-0.05%)
  • GBP/USD  1.4522  +0.0009 (0.06%)
  • USD/CAD  1.2689  +0.0003 (0.02%)
  • USD/CNY  6.5624  0.0000 (0.00%)
  • USD/HKD  7.7600  -0.0006 (-0.01%)
  • USD/JPY  106.6835  -0.0865 (-0.08%)
 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 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 20160608
Chart #2 (above, daily, %Change)  DJIA, Nasdaq,  S&P500,
( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
Closed 6/8 up  @  18,005.05  +66.77  (+0.37%)
:: Closed   (above 6/8 PP)  (above 6/9 PP)
  •   :: Pivot point (PP)   17984.32
  •   Support (s1)  17952.64       Support (s2)   17900.23
  •   Resistance (r1)   18036.73   Resistance (r2)   18068.41
  •   Simple Moving Average (Close 50):    17779.42       (uptrend  3/16)
  •   52 week performance  +1.36%  YTD performance  +3.33%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/8 up  @    4,974.64  +12.89  (+0.26%)
:: Closed   (above 6/8 PP)  (above 6/9 PP)
  •   :: Pivot point (PP)  4970.36
  •   Support (s1)   4961.07      Support (s2)  4947.49
  •   Resistance (r1)  4983.94    Resistance (r2)  4993.23
  •   Simple Moving Average (Close 50):  4855.98          (uptrend  3/21)
  •   52 week performance  -2.01%   YTD performance  -0.65%
spx v vix %c 20160608
Chart #3 (above, daily, %Change) S&P500 versus VIX
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/8 up  @  2,119.12   +6.99  (+0.33%)
:: Closed   (above 6/8 PP)  (above 6/9 PP)
  •   :: Pivot point (PP)  2117.46
  •   Support (s1)  2114.37        Support (s2)  2109.62
  •   Resistance (r1)  2122.21     Resistance (r2)  2125.30
  •   Simple Moving Average (Close 50):  2074.62         (uptrend  3/16)
  •   52 week performance  +0.66%  YTD performance  +3.68%
rui_rut_rua %c 20160608
Chart #4 (above, daily, %Change) Russell 1000, 2000, 3000
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 6/8 up  @  1,174.37  +3.85  (+0.33%)
:: Closed   (above 6/8 PP)  (above 6/9 PP)
  •   :: Pivot point (PP)   1173.45
  •   Support (s1)  1171.77      Support (s2)  1169.16
  •   Resistance (r1)  1176.06   Resistance (r2)  1177.74
  •   Simple Moving Average (Close 50):  1147.97          (uptrend  3/16)
  •   52 week performance  +1.06%  YTD performance  +3.75%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/8 up  @  1,188.95  +8.98  (+0.76%)
:: Closed   (above 6/8 PP)  (above 6/9 PP)
  •   :: Pivot point (PP)  1186.44
  •   Support (s1)   1182.71      Support (s2)   1176.47
  •   Resistance (r1)  1192.68    Resistance (r2)  1196.41
  •   Simple Moving Average (Close 50):  1128.50          (uptrend  3/18)
  •   52 week performance  -4.86%   YTD performance   +4.67%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 6/8 up  @  1,252.20  +4.51  (+0.36%)
:: Closed   (above 6/8 PP)  (above 6/9 PP)
  •   :: Pivot point (PP)   1251.10
  •   Support (s1)   1249.21     Support (s2)  1246.23
  •   Resistance (r1)  1254.08   Resistance (r2)  1255.97
  •   Simple Moving Average (Close 50):   1220.35          (uptrend  3/16)
  •   52 week performance   -0.82%    YTD performance  +3.82%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/8 down  @   17.06  -0.07  (-0.41%)
:: Closed   (below 6/8 PP)  (below 6/9 PP)
  •   :: Pivot point (PP)    17.06
  •   Support (s1)    16.97      Support (s2)  16.87
  •   Resistance (r1)  17.16     Resistance (r2)  17.25
  •   Simple Moving Average (Close 50):  17.98          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.30
  •   :: Close (107 days) above/below (+/-) sma200  (-3.243) pts. or (-15.974%)
  •   :: 52 week performance  -31.15%   YTD performance -24.81%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/8 up   @  14.08  +0.03  (+0.21%)
:: Closed  (above 6/8 PP)  (above 6/9 PP)
  •   :: Pivot point (PP)    14.02
  •   Support (s1)    13.76      Support (s2)   13.45
  •   Resistance (r1)  14.33     Resistance (r2)  14.59
  •   Simple Moving Average (Close 50):  14.47         (uptick 6/8)
  •   :: 52 week performance   +9.57%   YTD performance  -22.68%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Wednesday, 6/8/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18052.57  …  17968.48
  •   Nasdaq……..  4988.59  …   4965.72
  •   S&P 500 ……  2123.76  …   2115.92
  •   Russell 1000 .  1176.90  …   1172.61
  •   Russell 2000 .  1194.55  …   1184.58
  •   Russell 3000 .  1255.03  …   1250.16
  •   CBOE TNX ……   17.11  …     16.92
  •   Volatility …    14.46  …     13.89
 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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