Index Support and Resistance for Friday, 7/1/2016

 

  U.S. stocks closed higher Thursday, the last day and trading day of June, also the last trading day of q2’2016, as well as the last trading day of h1’2016, extending a recovery rally into the close of a third day as traders and investors’ concerns abated about Britain’s vote last week to leave the European Union.
  Non-Cyclical Cons. Goods sector companies were up the most, a nice +2.92%. Not far behind, Basic Materials sector companies were up +2.18%, followed by the Industrials  and Utilities sector company stocks.  Bank stocks rose after getting FED clearance on returning excess earnings to stockholders whether banks requested to conduct stock buybacks, to raise their dividends, or both.  The US stock market closed out q2 with modest gains.  Year to date, the DJIA and the S&P 500 are back in the black, while the Nasdaq is dragging up the rear, a negative 3.3 percent in the red.
 ——————————————————-
  Yesterday, Thursday, the Dow Jones Industrial Average (DJIA, .DJI) gained +235.31 points, or +1.33 percent, to 17,929.99.  For the week, the DJIA is up +529.24 points, or +3 percent.  From the close on 12/31/2015, the DJIA is up +504.96 points, or +2.9 percent.
  Yesterday, the Standard & Poor’s 500 (SPX, .INX) gained 28.09 points, or 1.4 percent, to 2,098.86.  For the week, the S&P 500 is up +61.45 points, or +3 percent.  From the close on 12/31/2015, the S&P 500 is up +54.92 points, or +2.7 percent.
  Yesterday, the Nasdaq Composite (NASDAQ: .IXIC) gained +63.43 points, or +1.3 percent, to 4,842.67.  For the week, the Nasdaq is up +134.69 points, or +2.9 percent.  Sadly, from the close on 12/31/2015, the Nasdaq is down -164.74 points, or -3.3 percent.
  Check out the tables below for the gains/losses for rest of the indices tracked in this blog ….
 ——————————————————-
  Below you will find the Index Support and Resistance for Friday, 7/1/2016 as calculated from the changes in Index points through Thursday, 6/30/2016’s close.
                                  ———————
Index chart 20160630

 Index performance Thursday, 6/30/2016

  • Dow Jones    17,929.99  +235.31  (+1.33%)    (chart: blue)
  • Nasdaq        4,842.67   +63.43  (+1.33%)    (chart: gold)
  • S&P 500       2,098.86   +28.09  (+1.36%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI)   1,161.57  +15.62  (+1.36%)
  • Rus 2k (RUT)   1,151.92  +20.31  (+1.79%)
  • Rus 3k (RUA)   1,236.62  +17.01  (+1.39%)
  • CBOE (TNX)        14.88   +0.11  (+0.74%)
  • Volatility(VIX)   15.63   -1.01  (-6.07%)
 I. a. Select stocks of interest, from Thursday, 6/30/2016
  • AAPL …  95.60  +1.20 (+1.27%)  After Hours: 95.40 -0.20 (-0.21%)
  • C ……  42.39  +0.27 (+0.64%)  After Hours: 42.25 -0.14 (-0.33%)
  • CHK ….   4.28  -0.14 (-3.17%)  After Hours:  4.26 -0.02 (-0.47%)
  • FH …..   1.89  -0.01 (-0.53%)
  • GE …..  31.48  +0.93 (+3.04%)
  • JCP ….   8.88  +0.00 (+0.00%)  After Hours:  8.85 -0.03 (-0.34%)
  • MPC ….  37.96  +0.70 (+1.88%)  After Hours: 37.81 -0.15 (-0.40%)
  • MU …..  13.76  +0.57 (+4.32%)  After Hours: 12.46 -1.30 (-9.45%)
  • VZ …..  55.84  +0.78 (+1.42%)  After Hours: 55.80 -0.04 (-0.07%)
  •      select ETFs …
  • DIA …  179.08  +2.44 (+1.38%)  After Hours: 178.62 -0.46 (-0.26%)
  • QQQ …  107.58  +1.27 (+1.19%)  After Hours: 107.29 -0.29 (-0.27%)
  • SPY …  209.53  +2.82 (+1.36%)  After Hours: 209.07 -0.46 (-0.22%)
  • GLD …  126.52  +0.68 (+0.54%)  After Hours: 126.24 -0.28 (-0.22%)
  • SLV ….  17.87  +0.50 (+2.88%)  After Hours:  17.86 -0.01 (-0.06%)
  • IWD …  103.26  +1.59 (+1.56%)  After Hours: 103.18 -0.08 (-0.08%)
  • IWF …  100.36  +1.09 (+1.10%)  After Hours: 100.32 -0.04 (-0.04%)
  • IWM …  114.97  +2.09 (+1.85%)  After Hours: 114.90 -0.07 (-0.06%)
  • IWV …  124.02  +1.80 (+1.47%)  After Hours: 123.91 -0.11 (-0.09%)
 I. b. Sector summary from Thursday, 6/30/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ……. +2.92%
  • Basic Materials ……………. +2.18% 
  • Industrials ……………….. +1.96% 
  • Utilities …………………. +1.82%  
  • Technology ………………… +1.33%
  • Healthcare ………………… +1.12%
  • Telecommunications Srvcs ……. +1.02%
  • Energy ……………………. +0.92%
  • Financials ………………… +0.96% 
  • Cyclical Cons. Goods ……….. +0.67% 
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 6/30/2016
  II. a.  USA  Bonds
  • 3 Month  0.25%  -0.01 (-3.85%)
  • 6 Month  0.34%  0.00 (0.00%)
  •  2 Year  0.57%  -0.05 (-8.06%)
  •  5 Year  1.00%  -0.04 (-3.85%)
  • 10 Year  1.47%  -0.03 (-2.00%)
  • 30 Year  2.29%  -0.02 (-0.87%)
  II. b.  Currencies
  • AUD/USD .. 0.7461  +0.0014 (+0.19%)
  • EUR/USD .. 1.1081  -0.0023 (-0.20%)
  • GBP/USD .. 1.3298  -0.0031 (-0.24%)
  • USD/CAD .. 1.2958  -0.0001 (-0.01%)
  • USD/CNY .. 6.6669  +0.0128 (+0.19%)
  • USD/HKD .. 7.7588  -0.0011 (-0.01%)
  • USD/JPY  102.8040  -0.2845 (-0.28%)
 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 Friday, 7/1/2016

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 6/30 up  @  17,929.99  +235.31  (+1.33%)
:: Closed   (above 6/30 PP)  (above 7/1 PP)
  •   :: Pivot point (PP)   17857.47
  •   Support (s1)  17784.32       Support (s2)   17638.66
  •   Resistance (r1)   18003.13   Resistance (r2)   18076.28
  •   Simple Moving Average (Close 50):    17754.91       (downtrend)
  •   52 week performance  +0.97%  YTD performance  +2.90%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 6/30 up  @    4,842.67   +63.43  (+1.33%)
:: Closed   (above 6/30 PP)  (above 7/1 PP)
  •   :: Pivot point (PP)  4820.10
  •   Support (s1)   4797.09      Support (s2)  4751.51
  •   Resistance (r1)  4865.68    Resistance (r2)  4888.69
  •   Simple Moving Average (Close 50):  4829.40     (downtrend 6/22)
  •   52 week performance  -3.32%   YTD performance  -3.29%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 6/30 up  @   2,098.86   +28.09  (+1.36%)
:: Closed  (above 6/30 PP)  (above 7/1 PP)
  •   :: Pivot point (PP)  2089.27
  •   Support (s1)  2079.59        Support (s2)  2060.33
  •   Resistance (r1)  2108.53     Resistance (r2)  2118.21
  •   Simple Moving Average (Close 50):  2076.42         (downtrend 6/24)
  •   52 week performance  +1.06%  YTD performance  +2.69%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 6/30 up  @  1,161.57  +15.62  (+1.36%)
:: Closed   (above 6/30 PP)  (above 7/1 PP)
  •   :: Pivot point (PP)   1156.17
  •   Support (s1)  1150.74      Support (s2)  1139.91
  •   Resistance (r1)  1167.00   Resistance (r2)  1172.43
  •   Simple Moving Average (Close 50):  1149.11          (downtrend)
  •   52 week performance   +0.12%  YTD performance  +2.62%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 6/30 up  @  1,151.92  +20.31  (+1.79%)
:: Closed   (above 6/30 PP)  (above 7/1 PP)
  •   :: Pivot point (PP)  1144.29
  •   Support (s1)   1136.54      Support (s2)   1121.17
  •   Resistance (r1)  1159.66    Resistance (r2)  1167.41
  •   Simple Moving Average (Close 50):  1137.90      (uptick 6/30)
  •   52 week performance  -8.32%   YTD performance   +1.41%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 6/30 up  @  1,236.62  +17.01  (+1.39%)
:: Closed   (above 6/30 PP)  (above 7/1 PP)
  •   :: Pivot point (PP)   1230.71
  •   Support (s1)   1224.77     Support (s2)  1212.91
  •   Resistance (r1)  1242.57   Resistance (r2)  1248.51
  •   Simple Moving Average (Close 50):   1223.35          (downtrend 6/27)
  •   52 week performance   -0.14%    YTD performance  +2.53%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 6/30 up  @   14.88   +0.11  (+0.74%)
:: Closed   (above 6/30 PP)  (above 7/1 PP)
  •   :: Pivot point (PP)    14.85
  •   Support (s1)    14.58      Support (s2)  14.28
  •   Resistance (r1)  15.15     Resistance (r2)  15.42
  •   Simple Moving Average (Close 50):  17.44          (downtrend)
  •   Simple Moving Average (Close 200)  19.85          (downtrend)
  •   :: Close (123 days) above/below (+/-) sma200  (-4.972) pts. or (-25.045%)
  •   :: 52 week performance  -37.82%   YTD performance  -34.42%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 6/30 down   @  15.63   -1.01  (-6.07%)
:: Closed  (below 6/30 PP)  (below 7/1 PP)
  •   :: Pivot point (PP)   15.97
  •   Support (s1)    14.95      Support (s2)   14.27
  •   Resistance (r1)  16.65     Resistance (r2)  17.67
  •   Simple Moving Average (Close 50):  16.10         (uptrend 6/8)
  •   :: 52 week performance   -8.11%   YTD performance  -14.17%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Friday, 7/1/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18039.71  …  17820.90
  •   Nasdaq……..  4877.19  …   4808.60
  •   S&P 500 ……  2113.37  …   2084.43
  •   Russell 1000 .  1169.72  …   1153.46
  •   Russell 2000 .  1163.54  …   1140.42
  •   Russell 3000 .  1245.54  …   1227.74
  •   CBOE TNX ……   15.00  …     14.43
  •   Volatility …    16.31  …     14.61

 V.  Index: 52week High,  52week Low, (Close 12/31/15)

  • Dow Jones ..  18167.63 ..  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)   1188.48 ..    995.55 ..  (1069.65)  n/c
  • Rus 2k (RUT)   1275.90 ..    943.10 ..  (1135.89)  n/c
  • Rus 3k (RUA)   1271.96 ..   1056.45 ..  (1206.10)  n/c
  • CBOE (TNX) ….. 24.70 …    14.50 …   (22.69)  n/c
  • Volatility(VIX)  53.29 …    10.88  ..   (18.21)  n/c
  •    —     —     —     —     —     —
  •     n/c* = no change  c-* = changed lower
—–  Monday, 6/27/2016   thru    Friday 7/1/2016  ——-

Hope the above Index Support and Resistance calculations for Friday, 7/1/2016
help your investing and trading planning today …

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