Index Support and Resistance for Tuesday, 6/14/2016

 

So, Mr. & Ms. Fickle Markets have a lot to worry about this week and next.
First up is next week’s UK “Brexit” vote, with global markets concerned about Brexit polls and media reports.  May I point out, the UK people haven’t actually voted yet … and those participating in the polls may be voicing an “exit” opinion that is subject to change when they actually vote … IF they actually vote.   Second, The FOMC meeting begins Tuesday and ends Wednesday with an Economic Summary and press conference.  Third, Friday, 6/17/2016, is 3rd Friday of the month and Quadruple Witching options and futures expiry …  Fourth, we get the add/delete finalists for the Russell Reconstitution Friday.  Gold (Au) and Silver (Ag) as well as their respective ETFs, GLD and SLV, are on a roll; though precious metals stocks and the GDX ETF are only somewhat participating …  .
  Below you will find the Index Support and Resistance for Tuesday, 5/31/2016 as calculated from the changes in Index points through Monday, 6/13/2016’s close.  Note: the 50 day (sma50) simple moving averages for both the DJIA and the Nasdaq down ticked Monday. 

See Friday’s commentary as it appears still applicable for this week :

  Index chart 20160613

  Index performance Monday, 6/13/2016

  • Dow Jones    17,732.48  -132.86  (-0.74%)    (chart: blue)
  • Nasdaq  …      4,848.44   -46.11  (-0.94%)    (chart: gold)
  • S&P 500  ..     2,079.06   -17.01  (-0.81%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)   1,151.01   -9.36  (-0.81%)
  • Rus 2k (RUT)   1,150.70  -13.23  (-1.14%)
  • Rus 3k (RUA)   1,226.11  -10.28  (-0.83%)
  • CBOE (TNX)        16.16   -0.23  (-1.40%)
  • Volatility(VIX)   20.97   +3.94 (+23.14%)

 I. a. Select stocks and ETFs of interest, from Monday, 6/13/2016

  • AAPL …  97.34  -1.49 (-1.51%)   After Hours: 97.25 -0.09 (-0.09%)
  • C ……  43.16  -0.74 (-1.69%)   After Hours: 43.14 -0.02 (-0.05%)
  • CHK ….   4.33  -0.09 (-2.04%)   After Hours:  4.31 -0.02 (-0.46%)
  • FH …..   1.97  -0.02 (-0.00%)   After Hours:  1.97 -0.00 (-0.00%)
  • GE …..  29.83  -0.21 (-0.70%)   After Hours: 29.82 -0.01 (-0.03%)
  • JCP ….   8.08  -0.12 (-1.46%)   After Hours:  8.05 -0.03 (-0.37%)
  • MPC ….  33.96  -2.44 (-6.70%)   After Hours: 33.94 -0.02 (-0.06%)
  • MU …..  12.05  -0.09 (-0.74%)   After Hours: 12.02 -0.03 (-0.25%)
  • VZ …..  52.57  -0.10 (-0.19%)   After Hours: 52.47 -0.10 (-0.19%)
  •      select ETFs
  • GLD …  122.67  +0.93 (+0.76%)   After Hours: 122.53 -0.14 (-0.11%)
  • SLV ….  16.58  +0.09 (+0.55%)   After Hours: 16.62 +0.04 (0.24%)
  • IWD …  101.83  -0.71 (-0.69%)
  • IWF ….  99.89  -0.86 (-0.85%)
  • IWM …  114.75  -1.32 (-1.14%)   After Hours: 114.49 -0.26 (-0.23%)
  • IWV …  122.86  -1.02 (-0.82%)
 I. b. Sector summary from Monday, 6/13/2016
Sector Change +/-% (best (or least worst) to worst)
  • Utilities ………………. -0.30%
  • Non-Cyclical Cons. Goods …. -0.64%
  • Technology ……………… -0.70%
  • Basic Materials …………. -0.79%
  • Cyclical Cons. Goods …….. -0.83%
  • Energy …………………. -0.84%
  • Healthcare ……………… -0.84%
  • Financials ……………… -1.07%
  • Industrials …………….. -1.12%
  • Telecommunications Srvcs …. -1.21%
 II. Bonds, and/or Currencies, and/or Commodities from Monday, 6/13/2016
  II. a.  USA  Bonds
  • 3 Month  0.25%  +0.01 (4.17%)
  • 6 Month  0.38%  -0.02 (-5.00%)
  •  2 Year  0.70%  -0.01 (-1.41%)
  •  5 Year  1.12%  -0.02 (-1.75%)
  • 10 Year  1.61%  -0.01 (-0.62%)
  • 30 Year  2.43%  -0.02 (-0.82%)
  II. b.  Currencies
  • AUD/USD  0.7397  +0.0018 (0.24%)
  • EUR/USD  1.1284  -0.0006 (-0.05%)
  • GBP/USD  1.4178  -0.0027 (-0.19%)
  • USD/CAD  1.2832  +0.0002 (0.01%)
  • USD/CNY  6.5883  -0.0002 (0.00%)
  • USD/HKD  7.7610  -0.0024 (-0.03%)
  • USD/JPY  105.8900  -0.3250 (-0.31%)
II. cUS 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 Tuesday, 6/14/2016

   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 6/13 down  @  17,732.48  -132.86  (-0.74%)
:: Closed   (below 6/13 PP)  (below 6/14 PP)
  •   :: Pivot point (PP)   17785.70
  •   Support (s1)  17678.13       Support (s2)   17623.77
  •   Resistance (r1)   17840.06   Resistance (r2)   17947.63
  •   Simple Moving Average (Close 50):    17787.19       (down tick  6/13)
  •   52 week performance  -0.93%  YTD performance  +1.76%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/13 down  @    4,848.44   -46.11  (-0.94%)
:: Closed   (below 6/13 PP)  (below 6/14 PP)
  •   :: Pivot point (PP)  4862.74
  •   Support (s1)   4830.64      Support (s2) 4812.83
  •   Resistance (r1)  4880.55    Resistance (r2)  4912.65
  •   Simple Moving Average (Close 50):  4856.94          (down tick  6/13)
  •   52 week performance  -3.61%   YTD performance  -3.17%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/13 down  @   2,079.06   -17.01  (-0.81%)
:: Closed   (below 6/13 PP)  (below 6/14 PP)
  •   :: Pivot point (PP)  2085.21
  •   Support (s1)  2072.31        Support (s2)  2065.55
  •   Resistance (r1)  2091.97     Resistance (r2)  2104.87
  •   Simple Moving Average (Close 50):  2076.50         (uptrend  3/16)
  •   52 week performance  -0.26%  YTD performance  +1.72%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD, IWF)
Closed 6/13 down  @  1,151.01   -9.36  (-0.81%)
:: Closed   (below 6/13 PP)  (below 6/14 PP)
  •   :: Pivot point (PP)   1154.52
  •   Support (s1)  1147.15      Support (s2)  1143.29
  •   Resistance (r1)  1158.38   Resistance (r2)  1165.75
  •   Simple Moving Average (Close 50):  1149.14          (uptrend  3/16)
  •   52 week performance  -1.65%  YTD performance  +1.69%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/13 down  @  1,150.70  -13.23  (-1.14%)
:: Closed   (below 6/13 PP)  (below 6/14 PP)
  •   :: Pivot point (PP)  1155.03
  •   Support (s1)   1145.15      Support (s2)   1139.61
  •   Resistance (r1)  1160.57    Resistance (r2)  1170.45
  •   Simple Moving Average (Close 50):  1131.57          (uptrend  3/18)
  •   52 week performance  -9.04%   YTD performance   +1.30%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)  (ETF: IWV)
Closed 6/10 down   @  1,226.11  -10.28  (-0.83%)
:: Closed   (below 6/13 PP)  (below 6/14 PP)
  •   :: Pivot point (PP)   1229.91
  •   Support (s1)   1221.86     Support (s2)  1217.61
  •   Resistance (r1)  1234.16   Resistance (r2)  1242.21
  •   Simple Moving Average (Close 50):   1222.40          (uptrend  3/16)
  •   52 week performance   -2.37%    YTD performance  +1.66%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/13 down  @   16.16   -0.23  (-1.40%)
:: Closed   (below 6/13 PP)  (below 6/14 PP)
  •   :: Pivot point (PP)    16.22
  •   Support (s1)    16.04      Support (s2)  15.92
  •   Resistance (r1)  16.34     Resistance (r2)  16.52
  •   Simple Moving Average (Close 50):  17.89          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.24
  •   :: Close (110 days) above/below (+/-) sma200  (-4.080) pts. or (-20.156%)
  •   :: 52 week performance  -31.47%   YTD performance -28.78%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/10 up   @  20.97   +3.94 (+23.14%)
:: Closed  (above 6/13 PP)  (above 6/14 PP)
  •   :: Pivot point (PP)    19.96
  •   Support (s1)    18.90      Support (s2)   16.84
  •   Resistance (r1)  22.02     Resistance (r2)  23.08
  •   Simple Moving Average (Close 50):  14.71         (uptrend)
  •   :: 52 week performance   +41.59%   YTD performance  +15.16%
  •    –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Tuesday, 6/14/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17812.88  …  17650.95
  •   Nasdaq……..  4871.65  …   4821.74
  •   S&P 500 ……  2088.59  …   2068.93
  •   Russell 1000 .  1156.45  …   1145.22
  •   Russell 2000 .  1157.80  …   1142.38
  •   Russell 3000 .  1232.04  …   1219.74
  •   CBOE TNX ……   16.28  …     15.98
  •   Volatility …    22.55  …     19.43
 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, 6/13/2016   thru Quadruple Witching Friday 6/17/2016  ——-

 

( 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, 6/14/2016  help your investing and trading planning today …

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