Index Support and Resistance for Friday, 6/10/2016

 Below you will find the Index Support and Resistance for Friday, 6/10/2016 as calculated from the changes in Index points through Thursday, 6/9/2016’s close.
Today, after the regular hours markets Friday trading close, at approximately 6 PM ET, the Russell Reconstitution preliminary additions/deletions list hits the wires.  That will give those doing their homework ’til 8 PM ET in the after hours markets to pick up some cheap shares from those not paying attention.
  Based on my own homework, once we get past the FED meeting June 14 – 15 of next week, I am being conservative when I state I see a potential pop for the indices of 3 to 7%, while others are arguing their conservative opinion … like this USA Today article:
                   That’s no bull: S&P 500 can rise 15%-20%
  I only bring this article up because it does justice to many of the PROs that I am seeing; … however, for those of you reading my blogs, this article does not adequately address many of the CONs, the flip side of the Bull/Bear coin that we all need to hear, and be reminded of … to get the Reward/Risk equation right … because it’s YOUR money and my money!  See also:
   IMHO, China is taking every drop of crude, including Iranian crude,  it can get its hands on just in case it needs to drain its Strategic Petroleum Reserve to take and hold the South China Sea by military force.    If I am correct, look to see China building MORE crude and refined petroleum products storage …. especially jet fuel and diesel.   Unfortunately, the talking heads are way too focused on the amount of crude in storage … and not enough focus on why the buyers of crude are buying …
Index chart 20160609

 Index performance Thursday, 6/9/2016

  • Dow Jones    17,985.19  -19.86  (-0.11%)    (chart: blue)
  • Nasdaq        4,958.62  -16.03  (-0.32%)    (chart: gold)
  • S&P 500       2,115.48   -3.64  (-0.17%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI)   1,172.03  -2.34  (-0.20%)
  • Rus 2k (RUT)   1,181.20  -7.75  (-0.65%)
  • Rus 3k (RUA)   1,249.27  -2.93  (-0.23%)
  • CBOE (TNX)        16.80  -0.26 (-1.52%)
  • Volatility(VIX)   15.57  +1.49 (10.58%)
 I. a. Select stocks of interest, from Thursday, 6/9/2016
  • AAPL … 99.65  +0.71 (+0.72%)   Pre-market: 99.12 -0.53 (-0.53%)
  • C …… 45.01  -0.55 (-1.21%)
  • CHK ….  4.88  -0.09 (-1.81%)
  • FH …..  1.99  -0.06 (-2.93%)
  • GE ….. 30.24  -0.07 (-0.23%)
  • JCP ….  8.42  -0.16 (-1.86%)
  • MPC …. 36.95  +0.07 (+0.19%)
  • MU ….. 12.51  -0.07 (-0.56%)
  • VZ ….. 51.95  -0.43 (-0.83%)
  • GLD … 121.25 Up   +0.67 (+0.56%)  Pre-Market : 121.31 Up 0.06 (0.05%)
  • SLV …. 16.47 Up   +0.26 (+1.60%)
  • IWD … 103.60 Down -0.29 (-0.28%)
  • IWM … 117.67 Down -0.76 (-0.64%)  Pre-Market : 116.52 Down 1.15 (0.98%)
 I. b. Sector summary from Thursday, 6/9/2016
Sector Change +/-% (best (or least worst) to worst)
  • Utilities ……………………… +0.60%
  • Non-Cyclical Cons. Goods ………… +0.40%
  • Technology …………………. -0.17%
  • Industrials ………………… -0.19% 
  • Cyclical Cons. Goods ………… -0.38%
  • Healthcare …………………. -0.44%
  • Telecommunications Srvcs …….. -0.49%
  • Energy …………………….. -0.79% 
  • Financials …………………. -0.82%  
  • Basic Materials …………….. -1.81% 

 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 6/9/2016

  II. a.  USA  Bonds
  • 3 Month  0.25%  +0.02 (8.70%)
  • 6 Month  0.42%  +0.02 (5.00%)
  •  2 Year  0.78%  +0.02 (2.63%)
  •  5 Year  1.22%  +0.01 (0.83%)
  • 10 Year  1.68%  +0.01 (0.60%)
  • 30 Year  2.49%  +0.01 (0.40%)
  II. b.  Currencies
  • AUD/USD .. 0.7417  +0.0004 (+0.05%)
  • EUR/USD .. 1.1298  -0.0015 (-0.13%)
  • GBP/USD .. 1.4448  -0.0013 (-0.09%)
  • USD/CAD .. 1.2733  +0.0004 (+0.03%)
  • USD/CNY .. 6.5611  -0.0002 (+0.00%)
  • USD/HKD .. 7.7621  -0.0004 (-0.01%)
  • USD/JPY  107.0250  -0.0925 (-0.09%)
 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 Friday, 6/10/2016

 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 6/9 down  @  17,985.19  -19.86  (-0.11%)
:: Closed   (above 6/9 PP)  (above 6/10 PP)
  •   :: Pivot point (PP)   17968.76
  •   Support (s1)  17932.31       Support (s2)   17879.42
  •   Resistance (r1)   18021.65   Resistance (r2)   18058.10
  •   Simple Moving Average (Close 50):    17784.79       (uptrend  3/16)
  •   52 week performance  -0.08%  YTD performance  +3.21%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/9 down  @    4,958.62  -16.03  (-0.32%)
:: Closed   (below 6/9 PP)  (above 6/10 PP)
  •   :: Pivot point (PP)  4954.89
  •   Support (s1)   4944.28      Support (s2)  4929.95
  •   Resistance (r1)  4969.22    Resistance (r2)  4979.83
  •   Simple Moving Average (Close 50):  4857.76          (uptrend  3/21)
  •   52 week performance  -2.44%   YTD performance  -0.97%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/9 down  @  2,115.48   -3.64  (-0.17%)
:: Closed   (below 6/9 PP)  (above 6/10 PP)
  •   :: Pivot point (PP)  2113.62
  •   Support (s1)  2109.59        Support (s2)  2103.71
  •   Resistance (r1)  2119.50     Resistance (r2)  2123.53
  •   Simple Moving Average (Close 50):  2075.65         (uptrend  3/16)
  •   52 week performance  +0.31%  YTD performance  +3.50%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 6/9 down  @  1,172.03  -2.34  (-0.20%)
:: Closed   (below 6/9 PP)  (above 6/10 PP)
  •   :: Pivot point (PP)   1171.25
  •   Support (s1)  1168.68      Support (s2)  1165.34
  •   Resistance (r1)  1174.59   Resistance (r2)  1177.16
  •   Simple Moving Average (Close 50):  1148.60          (uptrend  3/16)
  •   52 week performance  -0.32%  YTD performance  +3.55%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/9 down  @  1,181.20  -7.75  (-0.65%)
:: Closed   (below 6/9 PP)  (below 6/10 PP)
  •   :: Pivot point (PP)  1182.43
  •   Support (s1)   1176.63      Support (s2)   1172.06
  •   Resistance (r1)  1187.00    Resistance (r2)  1192.80
  •   Simple Moving Average (Close 50):  1129.91          (uptrend  3/18)
  •   52 week performance  -6.77%   YTD performance   +3.99%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA) (ETF: IWV)
Closed 6/9 down  @  1,249.27  -2.93  (-0.23%)
:: Closed   (below 6/9 PP)  (above 6/10 PP)
  •   :: Pivot point (PP)   1248.62
  •   Support (s1)   1245.62     Support (s2)  1241.98
  •   Resistance (r1)  1252.26   Resistance (r2)  1255.26
  •   Simple Moving Average (Close 50):   1221.21         (uptrend  3/16)
  •   52 week performance   -0.42%    YTD performance  +3.58%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/9 down  @   16.80  -0.26 (-1.52%)
:: Closed   (below 6/9 PP)  (above 6/10 PP)
  •   :: Pivot point (PP)    16.74
  •   Support (s1)    16.65      Support (s2)  16.50
  •   Resistance (r1)  16.89     Resistance (r2)  16.98
  •   Simple Moving Average (Close 50):  17.95          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.28
  •   :: Close (108 days) above/below (+/-) sma200  (-3.483) pts. or (-17.173%)
  •   :: 52 week performance  -29.50%   YTD performance -25.96%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/9 up   @  15.57  +1.49 (10.58%)
:: Closed  (above 6/9 PP)  (above 6/10 PP)
  •   :: Pivot point (PP)    14.49
  •   Support (s1)    14.14      Support (s2)   13.63
  •   Resistance (r1)  15.00     Resistance (r2)  15.35
  •   Simple Moving Average (Close 50):  14.49         (uptrend 6/8)
  •   :: 52 week performance   +6.24%   YTD performance  -19.60%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Friday, 6/10/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18039.88  …  17950.54
  •   Nasdaq……..  4974.53  …   4949.59
  •   S&P 500 ……  2116.56  …   2106.65
  •   Russell 1000 .  1172.92  …   1167.01
  •   Russell 2000 .  1184.72  …   1174.35
  •   Russell 3000 .  1250.44  …   1243.80
  •   CBOE TNX ……   16.94  …     16.70
  •   Volatility …    15.18  …     14.32

 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 Friday, 6/10/2016 help your investing and trading planning today …

 

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