Index Support and Resistance for Tuesday, 7/12/2016

Counting down to 3rd Friday of the month Options expiry … this Friday 7/15/2016.

  By the numbers, the Standard & Poor’s 500 Index (SPX, .INX) hit an intraday high of 2143.16, and closed at 2137.16, a record 2015-2016 closing high Monday, and the intraday high was only 0.02 below my “projected” high of 2143.18 for Monday.  (See yesterday’s Table IV.)   The S&P500 intraday 2015 high was 2134.72 (5/20/2015), and the 2015 closing high was 2130.82 (5/21/2015).
The Dow Jones Industrial Average (DJIA, .DJI) closing at 18,226.93, … is just a tad shy of its own 2015 records, a May 19, 2015 intraday high of 18351.36 before closing at 18312.39.
  The lagging Nasdaq Composite Index  (Nasdaq, .IXIC) would need to rally +5 percent to regain the peak it reached last July.
    ——————————————————
On Monday, the Dow Jones Industrial Average (DJIA, .DJI) gained +80.19 points, or +0.4 percent, to 18,226.93.  Year to date, the DJIA is up +801.90 points, or +4.6 percent.
On Monday, the S&P 500 (SPX, .INX) added +7.26 points, or +0.3 percent, to 2,137.16.  Year to date, the S&P 500 is up +93.22 points, or +4.6 percent.
On Monday, the Nasdaq Composite (NAS, .IXIC) added 31.88 points, or 0.6 percent, to 4,988.64.  Year to date, the Nasdaq is down -18.77 points, or -0.4 percent.
    ——————————————————
  Below you will find the Index Support and Resistance for Tuesday, 7/12/2016 as calculated from the changes in Index points through Monday, 7/11/2016’s close.

     —————————–

Index chart 20160711

 I.    Index performance Monday, 7/11/2016

  • Dow Jones    18,226.93  +80.19  (0.44%)    (chart: blue)
  • Nasdaq        4,988.64  +31.88  (0.64%)    (chart: gold)
  • S&P 500       2,137.16   +7.26  (0.34%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI)  1,183.43   +4.28  (0.36%)
  • Rus 2k (RUT)  1,190.03  +12.67  (1.08%)
  • Rus 3k (RUA)  1,261.19   +5.22  (0.42%)
  • CBOE (TNX)       14.34   +0.68  (4.98%)
  • Volatility(VIX)  13.54   +0.34  (2.58%)
 I. a. Select stocks of interest, from Monday, 7/11/2016
  • AAPL …  96.98  +0.30 (+0.31%)   After Hours: 96.91 -0.07 (-0.07%)
  • C ……  42.29  +0.31 (+0.74%)   After Hours: 42.48 +0.19 (+0.45%)
  • CHK ….   4.18  -0.06 (-1.42%)   After Hours:  4.23 +0.05 (+1.20%)
  • FH …..   1.88  -0.03 (-1.57%)
  • GE …..  32.21  +0.01 (+0.03%)   After Hours: 32.21 +0.00 (+0.00%)
  • JCP ….   8.68  +0.19 (+2.24%)   After Hours:  8.68 +0.00 (+0.00%)
  • KGC ….   5.56  +0.03 (+0.54%)   After Hours:  5.62 +0.06 (+1.08%)
  • MPC ….  36.44  +0.04 (+0.11%)   After Hours: 36.40 -0.04 (-0.11%)
  • MU …..  12.64  +0.02 (+0.16%)   After Hours: 12.75 +0.11 (+0.87%)
  • VZ …..  55.93  +0.03 (+0.05%)   After Hours: 55.88 -0.05 (-0.09%)
  •      select ETFs …
  • DIA …  182.12  +0.84 (+0.46%)   After Hours: 182.22 +0.10 (+0.05%)
  • QQQ …  110.93  +0.63 (+0.57%)   After Hours: 110.97 +0.04 (+0.04%)
  • SPY …  213.45  +0.75 (+0.35%)   After Hours: 213.39 -0.06 (-0.03%)
  • GLD …  129.29  -1.23 (-0.94%)   After Hours: 129.25 -0.04 (-0.03%)
  • SLV ….  19.30  +0.08 (+0.42%)   After Hours:  19.32 +0.02 (+0.10%)
  • IWD …  104.02  +0.41 (+0.40%)   After Hours: 103.90 -0.12 (-0.12%)
  • IWF …  102.57  +0.44 (+0.43%)
  • IWM …  118.18  +1.42 (+1.22%)   After Hours: 118.15 -0.03 (-0.03%)
  • IWV …  125.85  +0.55 (+0.44%)
 I. b. Sector summary from Monday, 7/11/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials …………….. +1.09% 
  • Cyclical Cons. Goods ………… +0.95% 
  • Technology …………………. +0.89%
  • Financials …………………. +0.84% 
  • Industrials ………………… +0.59% 
  • Non-Cyclical Cons. Goods …….. +0.40%  
  • Telecommunications Srvcs …….. +0.32%
  • Energy …………………….. +0.29%
  • Utilities ………………….. +0.17%
  • Healthcare …………………. +0.04% 
 II. Bonds, and/or Currencies, and/or Commodities from Monday, 7/11/2016
  II. a.  USA  Bonds
  • 3 Month  0.28%  +0.00 (+0.00%)
  • 6 Month  0.36%  -0.01 (-2.70%)
  •  2 Year  0.65%  +0.02 (+3.17%)
  •  5 Year  1.02%  +0.02 (+2.00%)
  • 10 Year  1.43%  +0.02 (+1.42%)
  • 30 Year  2.14%  +0.01 (+0.47%)
  II. b.  Currencies
  • AUD/USD .. 0.7583  +0.0046 (+0.61%)
  • EUR/USD .. 1.1077  +0.0020 (+0.18%)
  • GBP/USD .. 1.3071  +0.0087 (+0.67%)
  • USD/CAD .. 1.3110  -0.0016 (-0.12%)
  • USD/CNY .. 6.6901  -0.0043 (-0.06%)
  • USD/HKD .. 7.7580  -0.0003 (+0.00%)
  • USD/JPY  103.0350  +0.5100 (+0.50%)
 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, 7/12/2016

 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 7/11 up  @  18,226.93  +80.19  (0.44%)
:: Closed   (above 7/11 PP)  (above 7/12 PP)
  •   :: Pivot point (PP)   18224.12
  •   Support (s1)  18164.34       Support (s2)   18101.75
  •   Resistance (r1)   18286.71   Resistance (r2)   18346.49
  •   Simple Moving Average (Close 50):    17757.95       (uptick 7/8)
  •   52 week performance  +2.63%  YTD performance  +4.60%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 7/11 up  @    4,988.64  +31.88  (0.64%)
:: Closed   (above 7/11 PP)  (below 7/12 PP)
  •   :: Pivot point (PP)  4989.23
  •   Support (s1)   4975.95      Support (s2)  4963.27
  •   Resistance (r1)  5001.91    Resistance (r2)  5015.19
  •   Simple Moving Average (Close 50):  4830.65          (uptrend)
  •   52 week performance  -1.63%   YTD performance  -0.37%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/11 up  @   2,137.16   +7.26  (0.34%)
:: Closed   (above 7/11 PP)  (below 7/12 PP)
  •   :: Pivot point (PP)  2137.35
  •   Support (s1)  2131.53        Support (s2)  2125.91
  •   Resistance (r1)  2142.97     Resistance (r2)  2148.79
  •   Simple Moving Average (Close 50):  2078.87         (uptrend  3/16)
  •   52 week performance  +1.79%   YTD performance  +4.56%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 7/11 up  @  1,183.43   +4.28  (0.36%)
:: Closed   (above 7/11 PP)  (above 7/12 PP)
  •   :: Pivot point (PP)   1183.35
  •   Support (s1)  1180.07      Support (s2)  1176.71
  •   Resistance (r1)  1186.71   Resistance (r2)  1189.99
  •   Simple Moving Average (Close 50):  1150.43          (uptrend)
  •   52 week performance  +2.07%  YTD performance  +4.55%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 7/11 up  @  1,190.03  +12.67  (1.08%)
:: Closed   (above 7/11 PP)  (above 7/12 PP)
  •   :: Pivot point (PP)  1187.09
  •   Support (s1)   1182.13      Support (s2)   1174.24
  •   Resistance (r1)  1194.98    Resistance (r2)  1199.94
  •   Simple Moving Average (Close 50):  1139.79          (uptrend)
  •   52 week performance  -4.95%   YTD performance   +4.77%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 7/11 up   @  1,261.19   +5.22  (0.42%)
:: Closed   (above 7/11 PP)  (above 7/12 PP)
  •   :: Pivot point (PP)   1260.89
  •   Support (s1)   1257.40     Support (s2)  1253.60
  •   Resistance (r1)  1264.69   Resistance (r2)  1268.18
  •   Simple Moving Average (Close 50):   1224.08          (uptrend)
  •   52 week performance   -0.07%    YTD performance  +4.57%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 7/11 up  @   14.34   +0.68  (4.98%)
:: Closed   (above 7/11 PP)  (above 7/12 PP)
  •   :: Pivot point (PP)    14.19
  •   Support (s1)    14.05      Support (s2)  13.75
  •   Resistance (r1)  14.49     Resistance (r2)  14.63
  •   Simple Moving Average (Close 50):  16.86          (downtrend)
  •   Simple Moving Average (Close 200)  19.61          (downtrend)
  •   :: Close (129 days) above/below (+/-) sma200  (-5.270) pts., or (-26.873%)
  •   :: 52 week performance  -40.99%   YTD performance  -36.80%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 7/11 up   @  13.54   +0.34  (2.58%)
:: Closed  (below 7/11 PP)  (above 7/12 PP)
  •   :: Pivot point (PP)    13.40
  •   Support (s1)    13.14      Support (s2)   12.73
  •   Resistance (r1)  13.81     Resistance (r2)  14.07
  •   Simple Moving Average (Close 50):  16.12         (downtrend)
  •   :: 52 week performance   +1.27%   YTD performance  -25.65%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Tuesday, 7/12/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18316.60  …  18194.23
  •   Nasdaq……..  5008.55  …   4982.59
  •   S&P 500 ……  2145.88  …   2134.44
  •   Russell 1000 .  1188.35  …   1181.71
  •   Russell 2000 .  1197.46  …   1184.61
  •   Russell 3000 .  1266.44  …   1259.15
  •   CBOE TNX ……   14.56  …     14.12
  •   Volatility …    13.94  …     13.27
V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • Dow Jones ..  18283.90 c+  15370.33 .. (17425.03)  c+*
  • Nasdaq …..   5231.94 ..   4209.76 ..  (5007.41)  n/c
  • S&P 500 ….   2143.16 c+   1810.10 ..  (2043.94)  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 …    13.36 …   (22.69)  n/c
  • Volatility(VIX)  53.29 …    10.88 …   (18.21)  n/c
  •    —     —     —     —     —     —
  •   n/c* =no change  c-* =changed lower  c+* =changed higher
-–  Monday, 7/11/2016   thru    Friday 7/15/2016  ——-

Hope the above Index Support and Resistance calculations for Tuesday, 7/12/2016 help your investing and trading planning today …

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