Index Support and Resistance for Thursday, 6/23/2016

U.S. stocks gave up early gains to finish lower Wednesday as Energy Sector companies sank with the price of crude oil on a much lower crude inventory draw reported by the US EIA than what was reported by the API.  In addition to the markets concerns regarding crude in storage and prices, the UK “Brexit” vote tomorrow, weak quarterly reports weighed down Technology Sector companies.

 

  Below you will find the Index Support and Resistance for Thursday, 6/23/2016   as calculated from the changes in Index points through Wednesday, 6/22/2016’s close. 
Index chart 20160622

 Index performance Wednesday, 6/22/2016 

  • Dow Jones    17,780.83  -48.90  (-0.27%)    (chart: blue)
  • Nasdaq        4,833.32  -10.44  (-0.22%)    (chart: gold)
  • S&P 500       2,085.45   -3.45  (-0.17%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)   1,154.74  -2.07  (-0.18%)
  • Rus 2k (RUT)   1,148.97  -4.90  (-0.42%)
  • Rus 3k (RUA)   1,229.64  -2.43  (-0.20%)
  • CBOE (TNX)        16.85  -0.12  (-0.71%)
  • Volatility(VIX)   21.17  +2.69 (+14.56%)
 I. a. Select stocks of interest, from Wednesday, 6/22/2016 
  • AAPL …  95.55  -0.36 (-0.38%)   After Hours: 95.86 +0.31 (+0.32%)
  • C ……  42.68  -0.24 (-0.56%)   After Hours: 43.00 +0.32 (+0.75%)
  • CHK ….   4.51  -0.11 (-2.38%)   After Hours:  4.56 +0.05 (+1.11%)
  • FH …..   2.14  -0.09 (-4.04%)   After Hours:  2.05 -0.09 (-4.21%)
  • GE …..  30.78  -0.16 (-0.52%)   After Hours: 30.85 +0.07 (+0.23%)
  • JCP ….   8.42  -0.16 (-1.86%)   After Hours:  8.46 +0.04 (+0.48%)
  • MPC ….  35.26  +0.06 (+0.17%)   After Hours: 35.24 -0.02 (-0.06%)
  • MU …..  12.72  -0.03 (-0.24%)   After Hours: 12.99 +0.27 (+2.12%)
  • VZ …..  54.03  -0.07 (-0.13%)   After Hours: 54.14 +0.11 (+0.20%)
  •      select ETFs …
  • DIA …  177.53  -0.48 (-0.27%)   After Hours: 178.20 +0.67 (+0.38%)
  • QQQ …  107.24  -0.26 (-0.24%)   After Hours: 107.69 +0.45 (+0.42%)
  • SPY …  208.03  -0.38 (-0.18%)   After Hours: 208.97 +0.94 (+0.45%)
  • GLD …  120.90  +0.06 (+0.05%)   After Hours: 120.40 -0.50 (-0.41%)
  • SLV ….  16.42  +0.04 (+0.24%)   After Hours:  16.35 -0.07 (-0.43%)
  • IWD …  102.47  -0.21 (-0.20%)
  • IWF ….  99.90  -0.16 (-0.16%)
  • IWM …  114.58  -0.50 (-0.43%)   After Hours: 115.02 +0.44 (0.38%)
  • IWV …  123.20  -0.29 (-0.23%)
 I. b. Sector summary from Wednesday, 6/22/2016 
Sector Change +/-% (best (or least worst) to worst)
  • Healthcare ………………  +0.43%  
  • Non-Cyclical Cons. Goods …….. … +0.31%
  • Telecommunications Srvcs …. +0.20%
  • Basic Materials ………….  +0.05% 
  • Financials ………………  -0.15%
  • Industrials ……………..  -0.19% 
  • Cyclical Cons. Goods ……..  … -0.24%
  • Utilities ……………….  -0.29%
  • Technology ……………… -0.38%  
  • Energy …………………. -0.53%

 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 6/22/2016 

  II. a.  USA  Bonds
  • 3 Month  0.26%  -0.02 (-7.14%)
  • 6 Month  0.35%  -0.02 (-5.41%)
  •  2 Year  0.73%  -0.02 (-2.67%)
  •  5 Year  1.17%  -0.02 (-1.68%)
  • 10 Year  1.69%  -0.02 (-1.17%)
  • 30 Year  2.50%  -0.01 (-0.40%)
  II. b.  Currencies
  • AUD/USD  0.7519  +0.0008 (0.11%)
  • EUR/USD  1.1344  +0.0019 (0.17%)
  • GBP/USD  1.4797  +0.0010 (0.07%)
  • USD/CAD  1.2812  -0.0005 (-0.04%)
  • USD/CNY  6.5743  -0.0043 (-0.07%)
  • USD/HKD  7.7578  +0.0003 (0.00%)
  • USD/JPY  104.6030  -0.0320 (-0.03%)
 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 )
  • 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 Thursday, 6/23/2016 

 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)

 

 

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