Index Support and Resistance for Monday, 6/20/2016

Next week may bring the global uncertainty to a boil. The Federal Reserve will announce the results of annual stress tests on 33 of the largest U.S. banks, required by the 2010 Dodd-Frank Act, on June 23, the same day as the Brexit vote. A week later, the Fed discloses whether or not it has approved capital plans of the largest banks, including whether or not they can increase dividend shares and buybacks.

 

  Below you will find the Index Support and Resistance for Monday, 6/20/2016 as calculated from the changes in Index points through Friday, 6/17/2016’s close.
Index chart 20160617

 Index performance Friday, 6/17/2016

  • Dow Jones    17,675.16  -57.94  (-0.33%)    (chart: blue)
  • Nasdaq        4,800.34  -44.58  (-0.92%)    (chart: gold)
  • S&P 500       2,071.22   -6.77  (-0.33%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)   1,146.89  -3.28 (-0.29%)
  • Rus 2k (RUT)   1,144.70  -3.49 (-0.30%)
  • Rus 3k (RUA)   1,221.57  -3.52 (-0.29%)
  • CBOE (TNX)        16.18  +0.54 (+3.45%)
  • Volatility(VIX)   19.41  +0.04 (+0.21%)
 I. a. Select stocks & ETFs of interest, from Friday, 6/17/2016
  • AAPL … 95.33  -2.22 (-2.28%)
  • C …… 42.48  +0.36 (+0.85%)   After Hours: 42.48 +0.00 (+0.00%)
  • CHK ….  4.51  +0.27 (+6.37%)   After Hours:  4.56 +0.05 (+1.11%)
  • FH …..  2.20  -0.08 (-3.51%)
  • GE ….. 30.60  -0.04 (-0.13%)   After Hours: 30.58 -0.02 (-0.07%)
  • JCP ….  8.48  +0.22 (+2.66%)
  • MPC …. 33.50  +0.11 (+0.33%)
  • MU ….. 12.20  +0.25 (+2.09%)
  • VZ ….. 53.78  +0.32 (+0.60%)
  •   select ETFs …
  • DIA … 176.52  -0.60 (-0.34%)
  • QQQ … 106.49  -1.26 (-1.17%)
  • SPY … 206.53  +0.34 (+0.16%)
  • GLD … 123.95  +1.53 (+1.25%)
  • SLV …. 16.60  +0.29 (+1.78%)
  • IWD … 101.69  +0.08 (+0.08%)
  • IWF …. 99.32  -0.64 (-0.64%)
  • IWM … 114.05  -0.48 (-0.42%)
  • IWV … 122.39  -0.41 (-0.33%)
 I. b. Sector summary from Friday, 6/17/2016
Sector Change +/-% (best (or least worst) to worst)
  • Energy …………………. +1.31%
  • Basic Materials …………. +0.96%
  • Utilities ………………. +0.41%
  • Financials ……………… +0.26%
  • Cyclical Cons. Goods …….. +0.20%
  • Industrials …………….. +0.07%
  • Telecommunications Srvcs …. +0.06%
  • Non-Cyclical Cons. Goods …. -0.05%
  • Healthcare ……………… -0.90%
  • Technology ……………… -0.93%
 II. Bonds, and/or Currencies, and/or Commodities from Friday, 6/17/2016
  II. a.  USA  Bonds
  •  3 Month  0.25%  +0.01 (4.17%)
  •  6 Month  0.35%  +0.01 (2.94%)
  •   2 Year  0.69%  0.00 (0.00%)
  •   5 Year  1.11%  +0.02 (1.83%)
  •  10 Year  1.61%  +0.02 (1.26%)
  •  30 Year  2.42%  +0.01 (0.41%)
  II. b.  Currencies
  • AUD/USD .. 0.7394  0.0000 (0.00%)
  • EUR/USD .. 1.1276  0.0000 (0.00%)
  • GBP/USD .. 1.4359  0.0000 (0.00%)
  • USD/CAD .. 1.2895  0.0000 (0.00%)
  • USD/CNY .. 6.5706  0.0000 (0.00%)
  • USD/HKD .. 7.7614  0.0000 (0.00%)
  • USD/JPY  104.1700  0.0000 (0.00%)
 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 )
  • July 26-27                  ( IMHO, no rate increase expected )
  • 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 Monday, 6/20/2016

 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.
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