Index Support and Resistance for Thursday, 7/14/2016

 

Counting down to 3rd Friday of the month Options expiry … this Friday 7/15/2016.
  By the Numbers.  Wednesday, we had a new DJIA intraday and 52 week high 18390.16.  The DJIA also closed at a new 2015-2016 high of 18372.12.  The Wednesday DJIA close at 18372.12 bested the 52 week intraday high established Tuesday of 18371.95.
The S&P500 is on a roll.  On Monday, we had a new S&P500 intraday and 52 week high of 2143.16.  Tuesday, we had another new S&P500 intraday and 52 week high of 2155.40. Wednesday, we had another new S&P500 2015-2016 intraday and 52 week high of 2156.45.
   Wednesday, we had another new Russell 1000 2015-2016 intraday and 52 week high of 1194.23.
   Don’t forget to check out Table  IV.  Index “projected” Highs and Lows for Thursday, 7/14/2016 below ….
  Below you will find the Index Support and Resistance for Thursday, 7/14/2016 as calculated from the changes in Index points through Wednesday, 7/13/2016’s close. 
     ——————————–
Index chart 20160713

 I.   Index performance Wednesday, 7/13/2016

  • Dow Jones    18,372.12  +24.45  (+0.13%)    (chart: blue)
  • Nasdaq ..       5,005.73  -17.09  (-0.34%)    (chart: gold)
  • S&P 500 ..      2,152.43    +0.29  (+0.01%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI)     1,191.62  -0.21 (-0.02%)
  • Rus 2k (RUT)   1,201.16  -4.73 (-0.39%)
  • Rus 3k (RUA)   1,270.15  -0.58 (-0.05%)
  • CBOE (TNX)        14.68  -0.45 (-2.97%)
  • Volatility(VIX)   13.04  -0.51 (-3.76%)
 I. a. Select stocks & ETFs of interest, from Wednesday, 7/13/2016
  • AAPL …  96.87  -0.55 (-0.56%)   After Hours: 96.80 -0.07 (-0.07%)
  • C ……  43.33  -0.11 (-0.25%)   After Hours: 43.45 +0.12 (+0.28%)
  • CHK ….   4.35  -0.23 (-5.02%)   After Hours:  4.37 +0.02 (+0.46%)
  • FH …..   1.90  -0.01 (-0.52%)
  • GE …..  32.36  +0.10 (+0.31%)   After Hours: 32.34 -0.02 (-0.06%)
  • JCP ….   8.49  -0.07 (-0.76%)   After Hours:  8.45 -0.04 (-0.47%)
  • MPC ….  36.98  -0.56 (-1.49%)   After Hours: 36.98 0.00 (0.00%)
  • MU …..  13.29  +0.06 (+0.45%)   After Hours: 13.40 +0.11 (+0.83%)
  • VZ …..  56.00  +0.53 (+0.96%)   After Hours: 55.95 -0.05 (-0.09%)
  •      select ETFs …
  • DIA …  183.56  +0.17 (+0.09%)   After Hours: 183.68 +0.12 (+0.07%)
  • QQQ …  111.22  -0.27 (-0.24%)   After Hours: 111.11 -0.11 (-0.10%)
  • SPY …  214.93  -0.07 (-0.03%)   After Hours: 214.80 -0.13 (-0.06%)
  • GLD …  128.32  +1.17 (+0.92%)   After Hours: 128.37 +0.05 (+0.04%)
  • SLV ….  19.39  +0.30 (+1.57%)   After Hours:  19.42 +0.03 (+0.15%)
  • IWD …  105.07  +0.09 (+0.09%)
  • IWF …  102.98  -0.13 (-0.13%)
  • IWM …  119.25  -0.47 (-0.39%)   After Hours: 119.16 -0.09 (-0.08%)
  • IWV …  126.81  -0.03 (-0.02%)
 I. b. Sector summary from Wednesday, 7/13/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ……… +0.66%
  • Basic Materials ……………………. +0.59% 
  • Utilities …………………………….. +0.47%    
  • Industrials …………………………. +0.24%
  • Telecommunications Srvcs ……… +0.13%
  • Financials …………………………… +0.12%  
  • Technology ……………………. -0.13%  
  • Healthcare …………………….. -0.17%
  • Cyclical Cons. Goods ………… -0.23% 
  • Energy ………………………….. -0.89%

 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 7/13/2016

  II. a.  USA  Bonds
  • 3 Month  0.30%  +0.01 (3.45%)
  • 6 Month  0.39%  +0.01 (2.63%)
  •  2 Year  0.67%  +0.02 (3.08%)
  •  5 Year  1.06%  +0.01 (0.95%)
  • 10 Year  1.47%  0.00 (0.00%)
  • 30 Year  2.17%  -0.02 (-0.91%)
  II. b.  Currencies
  • AUD/USD .. 0.7611  +0.0014 (+0.19%)
  • EUR/USD .. 1.1107  +0.0012 (+0.11%)
  • GBP/USD .. 1.3199  +0.0079 (+0.60%)
  • USD/CAD .. 1.2948  -0.0026 (-0.20%)
  • USD/CNY .. 6.6881  +0.0022 (+0.03%)
  • USD/HKD .. 7.7556  -0.0006 (-0.01%)
  • USD/JPY  104.6900  +0.5970 (+0.57%)
 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 Thursday, 7/14/2016

 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 7/13 up  @  18,372.12  +24.45  (+0.13%)
:: Closed   (above 7/13 PP)  (above 7/14 PP)
  •   :: Pivot point (PP)   18359.35
  •   Support (s1)  18328.53       Support (s2)   18284.95
  •   Resistance (r1)   18402.93   Resistance (r2)   18433.75
  •   Simple Moving Average (Close 50):    17779.05       (uptrend 7/8)
  •   52 week performance  +1.76%  YTD performance  +5.44%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 7/13 down  @    5,005.73  -17.09  (-0.34%)
:: Closed   (below 7/13 PP)  (below 7/14 PP)
  •   :: Pivot point (PP)  5014.98
  •   Support (s1)   4993.57      Support (s2)  4981.42
  •   Resistance (r1)  5027.13    Resistance (r2)  5048.54
  •   Simple Moving Average (Close 50):  4839.36          (uptrend)
  •   52 week performance  -1.83%   YTD performance  -0.03%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/13 up  @   2,152.43   +0.29  (+0.01%)
:: Closed   (above 7/13 PP)  (above 7/14 PP)
  •   :: Pivot point (PP)  2,151.70
  •   Support (s1) 2,146.94        Support (s2)  2,141.46
  •   Resistance (r1)  2,157.18     Resistance (r2)  2,161.94
  •   Simple Moving Average (Close 50):  2082.03         (uptrend)
  •   52 week performance  +2.14%  YTD performance  +5.31%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 7/13 down  @  1,191.62  -0.21 (-0.02%)
:: Closed   (above 7/13 PP)  (above 7/14 PP)
  •   :: Pivot point (PP)   1191.34
  •   Support (s1)  1188.46      Support (s2)  1185.29
  •   Resistance (r1)  1194.51   Resistance (r2)  1197.39
  •   Simple Moving Average (Close 50):  1152.17          (uptrend)
  •   52 week performance  +1.20%  YTD performance  +5.28%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 7/13 down  @  1,201.16  -4.73 (-0.39%)
:: Closed   (below 7/13 PP)  (below 7/14 PP)
  •   :: Pivot point (PP)  1203.14
  •   Support (s1)   1195.89      Support (s2)   1190.63
  •   Resistance (r1)  1208.40    Resistance (r2)  1215.65
  •   Simple Moving Average (Close 50):  1142.50          (uptrend)
  •   52 week performance  -5.67%   YTD performance   +5.75%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)  (ETF: IWV)
Closed 7/13 down   @  1,270.15  -0.58 (-0.05%)
:: Closed   (above 7/13 PP)  (above 7/14 PP)
  •   :: Pivot point (PP)   1270.01
  •   Support (s1)   1266.63     Support (s2)  1263.10
  •   Resistance (r1)  1273.54   Resistance (r2)  1276.92
  •   Simple Moving Average (Close 50):   1225.98          (uptrend)
  •   52 week performance   +0.07%    YTD performance  +5.31%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 7/13 down  @   14.68  -0.45 (-2.97%)
:: Closed   (below 7/13 PP)  (below 7/14 PP)
  •   :: Pivot point (PP)    14.69
  •   Support (s1)    14.58      Support (s2)  14.47
  •   Resistance (r1)  14.80     Resistance (r2)  14.91
  •   Simple Moving Average (Close 50):  16.71          (downtrend)
  •   Simple Moving Average (Close 200)  19.55          (downtrend)
  •   :: Close (131 days) above/below (+/-) sma200  (-4.866) pts., or (-24.894%)
  •   :: 52 week performance  -37.53%   YTD performance  -35.30%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 7/13 down   @  13.04  -0.51 (-3.76%)
:: Closed  (below 7/13 PP)  (below 7/14 PP)
  •   :: Pivot point (PP)    13.25
  •   Support (s1)    12.71      Support (s2)   12.38
  •   Resistance (r1)  13.58     Resistance (r2)  14.12
  •   Simple Moving Average (Close 50):  16.04         (downtrend)
  •   :: 52 week performance   +7.68%   YTD performance  -28.39%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Thursday, 7/14/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18418.34  …  18343.94
  •   Nasdaq……..  5021.06  …   4987.50
  •   S&P 500 ……  2154.44  …   2144.20
  •   Russell 1000 .  1192.93  …   1186.88
  •   Russell 2000 .  1205.77  …   1193.26
  •   Russell 3000 .  1271.78  …   1264.87
  •   CBOE TNX ……   14.75  …     14.53
  •   Volatility …    13.42  …     12.55
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • Dow Jones ..  18390.16 c+  15370.33 .. (17425.03)  c+*
  • Nasdaq …..   5231.94 ..   4209.76 ..  (5007.41)  n/c
  • S&P 500 ….   2156.45 c+   1810.10 ..  (2043.94)  c+*
  •   ——————————————-
  • Rus 1k (RUI)   1194.23 c+    995.55 ..  (1069.65)  c+*
  • Rus 2k (RUT)   1275.90 ..    943.10 ..  (1135.89)  n/c
  • Rus 3k (RUA)   1273.40 c+   1056.45 ..  (1206.10)  c+*
  • CBOE (TNX) ….. 24.32 …    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 Thursday, 7/14/2016  help your investing and trading planning today …

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2 thoughts on “Index Support and Resistance for Thursday, 7/14/2016

  1. This is what I published for “projected” highs and lows for today …

    IV. Index “projected” Highs and Lows for Thursday, 7/14/2016

    ◾Index, :: Projected High, Projected Low
    ◾ Dow Jones …. 18418.34 … 18343.94
    ◾ Nasdaq…….. 5021.06 … 4987.50
    ◾ S&P 500 …… 2154.44 … 2144.20
    ◾ Russell 1000 . 1192.93 … 1186.88
    ◾ Russell 2000 . 1205.77 … 1193.26
    ◾ Russell 3000 . 1271.78 … 1264.87
    ◾ CBOE TNX …… 14.75 … 14.53
    ◾ Volatility … 13.42 … 12.55

    S&P500 7/14/2015 2,157.88 2,168.99 2,157.88 2,163.75

    Amazing, the S&P500 actual “low” was higher than the projected high … which, per my “Degrees of Bullish/Bearish Indicator” is strongly bullish. The Nasdaq Comp low was 5,025.15, besting the projected high … another strongly bullish.
    The Russell 3000 actual low was 1272.09 … and another strongly bullish.

    Tomorrow could be a washout … or, the Bear’s worst nightmare …. more homework needed!

    Like

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