Index Support and Resistance for Tuesday, 7/5/2016

For Tuesday, the DJIA, the S&P 500, the Russell 1000, and the VIX  closed  above their Pivot Points for Friday, but, below their Pivot Points for today implying a negative open.  The Nasdaq, the Russell 2000, and the Russell 3000,  closed above their Pivot points for both Friday and Tuesday implying that the USA markets negativity may not last long.

Note the CBOE Interest Rate 10 Year T Note closed  below its Pivot Point for Friday; but, above its pivot point for Tuesday.   Globally, MORE than a Trillion dollars of bonds are at negative interest rates.  This is making interest paying USA bonds more attractive … and a potential yield bubble is forming.   The Central Banks are making dividend paying stocks another potential yield bubble.   A check of the pre-markets also implied a negative open for the USA markets’ stocks and indices.   For more info, see the tables and charts  below.

Below you will find the Index Support and Resistance for Tuesday, 7/5/2016 as calculated from the changes in Index points through Friday, 7/1/2016’s close. 

 

 

 

Index chart 20160701

Index performance Friday, 7/1/2016

  • Dow Jones    17,949.37  +19.38  (+0.11%)    (chart: blue)
  • Nasdaq        4,862.57  +19.90  (+0.41%)    (chart: gold)
  • S&P 500       2,102.95   +4.09  (+0.19%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)   1,164.12  +2.55  (+0.22%)
  • Rus 2k (RUT)   1,156.77  +4.85  (+0.42%)
  • Rus 3k (RUA)   1,239.52  +2.90  (+0.23%)
  • CBOE (TNX)        14.56  -0.32  (-2.15%)
  • Volatility(VIX)   14.77  -0.86  (-5.50%)
 I. a. Select stocks & ETFs of interest, from Friday, 7/1/2016
  • AAPL …  95.89  +0.29 (+0.30%)
  • C ……  42.17  -0.22 (-0.52%)
  • CHK ….   4.59  +0.31 (+7.24%)
  • FH …..   1.95  +0.06 (+3.17%)
  • GE …..  31.49  +0.01 (+0.03%)
  • JCP ….   8.93  +0.05 (+0.56%)
  • MPC ….  39.27  +1.31 (+3.45%)
  • MU …..  12.50  -1.26 (-9.16%)
  • VZ …..  56.23  +0.38 (+0.68%)
  •      select ETFs …
  • DIA …  179.32  +0.24 (+0.13%)
  • QQQ …  108.08  +0.54 (+0.50%)
  • SPY …  209.79  +0.26 (+0.12%)
  • GLD …  128.41  +1.89 (+1.49%)
  • SLV ….  18.74  +0.87 (+4.87%)
  • IWD …  103.34  +0.08 (+0.08%)
  • IWF …  100.68  +0.32 (+0.32%)
  • IWM …  115.39  +0.42 (+0.37%)
  • IWV …  124.23  +0.21 (+0.17%)
 I. b. Sector summary from Friday, 7/1/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials ………….   +0.99%
  • Energy ………………….   +0.72%
  • Cyclical Cons. Goods ……..   +0.63%
  • Healthcare ………………   +0.59%
  • Telecommunications Srvcs ….   +0.50%
  • Industrials ……………..   +0.35%
  • Technology ………………   +0.19%
  • Non-Cyclical Cons. Goods ….   +0.16%
  • Utilities ……………….   +0.08%
  • Financials ………………   -0.20%

 II. Bonds, and/or Currencies, and/or Commodities from Friday, 7/1/2016

  II. a.  USA  Bonds
  • 3 Month  0.25%  0.00 (0.00%)
  • 6 Month  0.33%  0.00 (0.00%)
  •  2 Year  0.59%  +0.04 (7.27%)
  •  5 Year  1.00%  +0.03 (3.09%)
  • 10 Year  1.44%  +0.03 (2.13%)
  • 30 Year  2.22%  +0.02 (0.91%)
  II. b.  Currencies
  • AUD/USD  0.7539  +0.0076 (1.02%)
  • EUR/USD  1.1144  +0.0017 (0.15%)
  • GBP/USD  1.3292  +0.0009 (0.07%)
  • USD/CAD  1.2852  -0.0062 (-0.48%)
  • USD/CNY  6.6658  +0.0214 (0.32%)
  • USD/HKD  7.7581  -0.0003 (0.00%)
  • USD/JPY  102.5155  +0.0605 (0.06%)

 

 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 Tuesday, 7/5/2016

 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 7/1 up  @  17,949.37  +19.38  (+0.11%)
:: Closed   (above 7/1 PP)  (below 7/5 PP)
  •   :: Pivot point (PP)   17956.22
  •   Support (s1)  17910.06       Support (s2)   17870.75
  •   Resistance (r1)   17995.53   Resistance (r2)   18041.69
  •   Simple Moving Average (Close 50):    17754.25       (downtrend)
  •   52 week performance  +1.24%  YTD performance  +3.01%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 7/1 up  @    4,862.57  +19.90  (+0.41%)
:: Closed   (above 7/1 PP)  (above 7/5 PP)
  •   :: Pivot point (PP)  4859.97
  •   Support (s1)   4839.77      Support (s2)  4816.97
  •   Resistance (r1)  4882.77    Resistance (r2)  4902.97
  •   Simple Moving Average (Close 50):  4827.73          (uptrend)
  •   52 week performance  -2.59%   YTD performance  -2.89%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/1 up  @   2,102.95   +4.09  (+0.19%)
:: Closed   (above 7/1 PP)  (below 7/5 PP)
  •   :: Pivot point (PP)  2103.19
  •   Support (s1)  2097.66        Support (s2)  2092.38
  •   Resistance (r1)  2108.47     Resistance (r2)  2114.00
  •   Simple Moving Average (Close 50):  2076.65         (uptrend)
  •   52 week performance  +1.65%  YTD performance  +2.89%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed   7/1 up  @  1,164.12  +2.55  (+0.22%)
:: Closed   (above 7/1 PP)  (below 7/5 PP)
  •   :: Pivot point (PP)   1164.14
  •   Support (s1)  1161.06      Support (s2)  1158.00
  •   Resistance (r1)  1167.20   Resistance (r2)  1170.28
  •   Simple Moving Average (Close 50):  1138.19          (uptrend  3/16)
  •   52 week performance  +0.37%  YTD performance  +2.85%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 7/1 up  @  1,156.77  +4.85  (+0.42%)
:: Closed   (above 7/1 PP)  (above 7/5 PP)
  •   :: Pivot point (PP)  1156.36
  •   Support (s1)   1151.66      Support (s2)   1146.56
  •   Resistance (r1)  1161.46    Resistance (r2)  1166.16
  •   Simple Moving Average (Close 50):  1138.32         (uptrend)
  •   52 week performance  -7.33%   YTD performance   +1.84%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 7/1 up   @  1,239.52  +2.90  (+0.23%)
:: Closed   (above 7/1 PP)  (above 7/5 PP)
  •   :: Pivot point (PP)   1239.50
  •   Support (s1)   1236.11     Support (s2)  1232.71
  •   Resistance (r1)  1242.90   Resistance (r2)  1246.29
  •   Simple Moving Average (Close 50):   1223.33          (downtrend 6/24)
  •   52 week performance   -0.46%    YTD performance  +2.77%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 7/1 down  @   14.56  -0.32  (-2.15%)
:: Closed   (below 7/1 PP)  (above 7/5 PP)
  •   :: Pivot point (PP)    14.48
  •   Support (s1)    14.22      Support (s2)  13.89
  •   Resistance (r1)  14.81     Resistance (r2)  15.07
  •   Simple Moving Average (Close 50):  17.36          (downtrend)
  •   Simple Moving Average (Close 200)  19.81          (downtrend)
  •   :: Close (123 days) above/below (+/-) sma200  (-5.252) (-26.508%)
  •   :: 52 week performance  -36.08%   YTD performance  -35.83%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 7/1 down   @  14.77  -0.86  (-5.50%)
:: Closed  (below 7/1 PP)  (below 7/5 PP)
  •   :: Pivot point (PP)    15.08
  •   Support (s1)    14.30      Support (s2)   13.83
  •   Resistance (r1)  15.55     Resistance (r2)  16.33
  •   Simple Moving Average (Close 50):  16.13         (downtrend)
  •   :: 52 week performance   -8.20%   YTD performance  -18.89%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Tuesday, 7/5/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones ….. 18018.61  …  17933.14
  •   Nasdaq……….  4892.87  …   4849.87
  •   S&P 500 ………  2111.24  …   2100.43
  •   Russell 1000 ..  1168.74  …   1162.60
  •   Russell 2000 ..  1163.81  …   1154.01
  •   Russell 3000 ..  1244.60  …   1237.81
  •   CBOE TNX ……   14.94  …     14.35
  •   Volatility …….    15.32  …     14.07
 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) ….. 24.61 c-.    14.14 c-.   (22.69)  c-*
  • Volatility(VIX)    53.29 …    10.88 …   (18.21)  n/c
  •    —     —     —     —     —     —
  •     n/c* = no change  c-* = changed lower 
—–  Monday, 7/4/2016   thru    Friday 7/8/2016  ——-

 

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 (2)  Investing and Trading

    It’s Black Friday for OPEC

 

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Hope the above Index Support and Resistance calculations for Tuesday, 7/5/2016  help your investing and trading planning today …

 

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