Index Support and Resistance for Wednesday, 6/15/2016

 

  For Wednesday, even before I got to the charts, the 50 day simple moving averages (SMA50) for the DJIA and the Nasdaq are in a downtrend (bearish) as of 6/13/2016.  However, the indices, beginning around 3 PM ET Tuesday,  made a concerted push to rally into the close.  That rally into the close brought all of the indices below, except the VIX, above their pivot points for today (bullish).  Add that the VIX closed below its pivot point for today  (S&P500 bullish) points to an “up” day today.  Of course, what the Fed announces today at 2 PM ET along with what Fed Chairperson J. Yellen says in her press conference will have a lot to do with how today finishes.
Well, we need each day’s calculations, retroactive to last Thursday, to see what is probably going to happen Wednesday through the last tick of regular hours trading on Quadruple Witching Friday, 6/17/2016 …  only two trading days away.
  In Section III. below, you will find the Index Support and Resistance for Wednesday, 6/15/2016 as calculated from the changes in Index points through Tuesday, 5/24/2016’s close.
GLTA

Index chart 20160614
 Index performance Tuesday, 6/14/2016

  • Dow Jones    17,674.82  -57.66  (-0.33%)    (chart: blue)
  • Nasdaq        4,843.55   -4.89  (-0.10%)    (chart: gold)
  • S&P 500       2,075.32   -3.74  (-0.18%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI)   1,148.64  -2.36  (-0.21%)
  • Rus 2k (RUT)   1,147.82  -2.88  (-0.25%)
  • Rus 3k (RUA)   1,223.55  -2.56  (-0.21%)
  • CBOE (TNX)        16.11  -0.05  (-0.31%)
  • Volatility(VIX)   20.50  -0.47  (-2.24%)
 I. a. Select stocks of interest, from 6/14/2016
  • AAPL …  97.46  +0.12 (+0.12%)   After Hours: 97.37 -0.09 (-0.09%)
  • C ……  41.96  -1.20 (-2.78%)   After Hours: 41.88 -0.08 (-0.19%)
  • CHK ….   4.28  -0.05 (-1.15%)   After Hours:  4.20 -0.08 (-1.87%)
  • FH …..   1.99  +0.02 (+1.02%)
  • GE …..  30.44  +0.61 (+2.04%)   After Hours: 30.42 -0.02 (-0.07%)
  • JCP ….   8.02  -0.06 (-0.74%)   After Hours:  7.95 -0.07 (-0.87%)
  • MPC ….  32.81  -1.15 (-3.39%)   After Hours: 32.43 -0.38 (-1.16%)
  • MU …..  11.92  -0.13 (-1.08%)   After Hours: 11.91 -0.01 (-0.08%)
  • VZ …..  52.99  +0.42 (+0.80%)   After Hours: 52.93 -0.06 (-0.11%)
  • GLD …  122.77  +0.10 (+0.08%)
  • SLV ….  16.54  -0.04 (-0.24%)   After Hours:  16.55 +0.01 (+0.06%)
  • IWD …  101.46  -0.37 (-0.36%)
  • IWF ….  99.80  -0.09 (-0.09%)   After Hours:  99.84 +0.04 (+0.04%)
  • IWM …  114.48  -0.27 (-0.24%)   After Hours: 114.30 -0.18 (-0.16%)
  • IWV …  122.56  -0.30 (-0.24%)
 I. b. Sector summary from Tuesday, 6/14/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods …. +0.22%
  • Utilities ………………. +0.10%
  • Technology ……………… -0.02%
  • Telecommunications Srvcs …. -0.03%
  • Industrials …………….. -0.08%
  • Cyclical Cons. Goods …….. -0.30%
  • Healthcare ……………… -0.35%
  • Energy …………………. -0.78%
  • Financials ……………… -1.20%
  • Basic Materials …………. -1.45%
 II. Bonds, and/or Currencies, and/or Commodities from 6/14/2016
  II. a.  USA  Bonds
  • 3 Month  0.25%  0.00 (0.00%)
  • 6 Month  0.37%  -0.01 (-2.63%)
  •  2 Year  0.72%  +0.02 (2.86%)
  •  5 Year  1.14%  +0.03 (2.70%)
  • 10 Year  1.61%  +0.04 (2.55%)
  • 30 Year  2.42%  +0.03 (1.26%)
  II. b.  Currencies
  • AUD/USD  0.7367  +0.0014 (0.19%)
  • EUR/USD  1.1210  -0.0001 (-0.01%)
  • GBP/USD  1.4143  +0.0025 (0.18%)
  • USD/CAD  1.2868  +0.0006 (0.05%)
  • USD/CNY  6.5934  -0.0026 (-0.04%)
  • USD/HKD  7.7604  -0.0007 (-0.01%)
  • USD/JPY  106.1550  +0.0500 (0.05%)

  II. c.   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*   (Today, IMHO, no rate increase expected)
  • 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, 6/15/2016

 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 6/14 down  @  17,674.82  -57.66  (-0.33%)
:: Closed   (below 6/14 PP)  (above 6/15 PP)
  •   :: Pivot point (PP)   17668.18
  •   Support (s1)  17602.43       Support (s2)   17530.05
  •   Resistance (r1)   17740.56   Resistance (r2)   17806.31
  •   Simple Moving Average (Close 50):    17785.95       (downtrend  6/13)
  •   52 week performance  -0.65%  YTD performance  +1.43%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/14 down  @    4,843.55   -4.89  (-0.10%)
:: Closed   (below 6/14 PP (above 6/15 PP)
  •   :: Pivot point (PP)  4839.50
  •   Support (s1)   4815.98      Support (s2)  4788.42
  •   Resistance (r1)  4867.06    Resistance (r2)  4890.58
  •   Simple Moving Average (Close 50):  4855.97          (downtrend  6/13)
  •   52 week performance  -4.19%   YTD performance  -3.27%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/14 down  @   2,075.32   -3.74  (-0.18%)
:: Closed   (below 6/14 PP)  (above 6/15 PP)
  •   :: Pivot point (PP)  2073.57
  •   Support (s1)  2065.85        Support (s2)  2056.37
  •   Resistance (r1)  2083.05     Resistance (r2)  2090.77
  •   Simple Moving Average (Close 50):  2076.68         (uptrend  3/16)
  •   52 week performance  -1.00%  YTD performance  +1.54%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD, IWF)
Closed 6/14 down  @  1,148.64  -2.36  (-0.21%)
:: Closed   (below 6/14 PP)  (above 6/15 PP)
  •   :: Pivot point (PP)   1147.87
  •   Support (s1)  1143.36      Support (s2)  1138.09
  •   Resistance (r1)  1153.14   Resistance (r2)  1157.65
  •   Simple Moving Average (Close 50):  1149.28          (uptrend  3/16)
  •   52 week performance  -1.39%  YTD performance  +1.48%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/14 down  @  1,147.82  -2.88  (-0.25%)
:: Closed   (below 6/14 PP)  (above 6/15 PP)
  •   :: Pivot point (PP)  1147.42
  •   Support (s1)   1141.63      Support (s2)   1135.43
  •   Resistance (r1)  1153.62    Resistance (r2)  1159.41
  •   Simple Moving Average (Close 50):  1132.36          (uptrend  3/18)
  •   52 week performance  -8.98%   YTD performance   +1.05%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA) (ETF: IWV)
Closed 6/14 down   @  1,223.55  -2.56  (-0.21%)
:: Closed   (below 6/14 PP)  (above 6/15 PP)
  •   :: Pivot point (PP)   1222.76
  •   Support (s1)   1217.86     Support (s2)  1212.18
  •   Resistance (r1)  1228.44   Resistance (r2)  1233.34
  •   Simple Moving Average (Close 50):   1222.54          (uptrend  3/16)
  •   52 week performance   -2.74%    YTD performance  +1.45%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/14 down  @   16.11  -0.05  (-0.31%)
:: Closed   (below 6/14 PP)  (above 6/15 PP)
  •   :: Pivot point (PP)    16.00
  •   Support (s1)    15.85      Support (s2)  15.58
  •   Resistance (r1)  16.27     Resistance (r2)  16.42
  •   Simple Moving Average (Close 50):  17.85          (downtrend  5/12)
  •   Simple Moving Average (Close 200)  20.21
  •   :: Close (111 days) above/below (+/-) sma200  (-4.101) pts. or (-20.292%)
  •   :: 52 week performance  -30.50%   YTD performance -29.00%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/14 down   @  20.50  -0.47  (-2.24%)
:: Closed  (above 6/14 PP)  (below 6/15 PP)
  •   :: Pivot point (PP)    20.98
  •   Support (s1)    19.79      Support (s2)   19.09
  •   Resistance (r1)  21.68     Resistance (r2)  22.87
  •   Simple Moving Average (Close 50):  14.81         (uptrend)
  •   :: 52 week performance   +41.38%   YTD performance  +12.58%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Wednesday, 6/15/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 17704.37  …  17566.24
  •   Nasdaq……..  4878.82  …   4827.74
  •   S&P 500 ……  2078.31  …   2061.11
  •   Russell 1000 .  1150.51  …   1140.73
  •   Russell 2000 .  1150.52  …   1138.53
  •   Russell 3000 .  1225.60  …   1215.02
  •   CBOE TNX ……   16.35  …     15.93
  •   Volatility …    21.33  …     19.44
 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  ——-

 

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Please read:

 (1)  Research and Investing Disclaimer

 (2)  Investing and Trading

    It’s Black Friday for OPEC

 

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Hope the above Index Support and Resistance calculations for Wednesday, 6/15/2016  help your investing and trading planning today …

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