Index Support and Resistance for Friday, 7/22/2016

 

  Yesterday, as investors and traders became profit takers, bears piled in, taking stocks, options, futures, and indices slowly, but steadily lower … right up until approximately 3:12 PM ET when a rally began that recovered some of the losses before the close cut the rally off.  In this market, it’s the Bears that lack conviction, and are showing FEAR!  
Maybe it’s not the math, since I posted my Quadruple Witching crude “artwork”, the witches, probably laughing themselves silly,  must have taken pity on me … ‘cuz they’ve hexed, and vexed the Bears.  The poor Bears only got a couple of selling days out of the UK’s Brexit vote decision to leave the European Union … 2 whole days.  Counting yesterday’s pullback, in the five *5* weeks since Quadruple Witching Friday, 6/17/2016’s close:
  •   the DJIA, is up +842.07 points, or +4.764 percent       scan0001a
  •   the S&P500 is up +93.95 points, or +5 percent
  Below you will find the Index Support and Resistance for Friday, 7/22/2016 as calculated from the changes in Index points through Thursday, 7/21/2016’s close.
     —————————
Index chart 20160721

 Index performance Thursday, 7/21/2016

  • Dow Jones    18,517.23  -77.80  (-0.42%)    (chart: blue)
  • Nasdaq  …     5,073.90  -16.03  (-0.31%)    (chart: gold)
  • S&P 500 …      2,165.17   -7.85  (-0.36%)    (chart: red )
  •   ——————————————-
  • Rus 1k (RUI) ..  1,198.61  -4.30 (-0.36%)
  • Rus 2k (RUT)   1,203.86  -5.88 (-0.49%)
  • Rus 3k (RUA)   1,277.26  -4.71 (-0.37%)
  • CBOE (TNX)        15.65  -0.15 (-0.95%)
  • Volatility(VIX)   12.74  +0.97 (+8.24%)
  • DJ Transports  7,858.59  -103.74 (-1.30%)
 I. a. Select stocks of interest, from Thursday, 7/21/2016
  • AAPL …  99.43  -0.53 (-0.53%)    Pre-market: 99.15 -0.28 (-0.28%)
  • C ……  44.13  -0.34 (-0.76%)    Pre-market: 44.10 -0.03 (-0.07%)
  • CHK ….   4.97  +0.23 (+4.85%)   After Hours:  4.99 +0.02 (+0.40%)
  • FH …..   2.38  +0.24 (11.21%)   After Hours:  2.35 -0.03 (-1.26%)
  • GE …..  32.59  -0.19 (-0.56%)    Pre-market: 32.35 -0.24 (-0.74%)
  • JCP ….   9.09  +0.22 (+2.48%)   After Hours:  9.09 +0.00 (+0.00%)
  • MPC ….  37.13  -0.67 (-1.77%)   After Hours: 37.10 -0.03 (-0.08%)
  • MU …..  13.18  -0.41 (-3.02%)   After Hours: 13.21 +0.03 (+0.23%)
  • VZ …..  55.37  -0.25 (-0.45%)   After Hours: 55.20 -0.17 (-0.31%)
  •      select ETFs …
  • DIA …  185.02  -0.80 (-0.43%)   Pre-market: 185.39 +0.37 (+0.20%)
  • QQQ …  113.18  -0.26 (-0.23%)   Pre-market: 113.32 +0.14 (+0.12%)
  • SPY …  216.22  -0.91 (-0.42%)   Pre-market: 216.59 +0.37 (+0.17%)
  • GLD …  127.33  +1.94 (+1.55%)   Pre-market: 126.58 -0.75 (-0.59%)
  • SLV ….  18.88  +0.47 (+2.55%)   Pre-market:  18.72 -0.16 (-0.85%)
  • IWD …  105.42  -0.40 (-0.38%)
  • IWF …  103.88  -0.37 (-0.35%)
  • IWM …  119.55  -0.53 (-0.44%)   Pre-market: 119.73 +0.18 (+0.15%)
  • IWV …  127.49  -0.46 (-0.36%)
I. b. Sector summary from Thursday, 7/21/2016
 
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials …………………….. +0.40%
  • Utilities ………………………………. +0.35%
  • Telecommunications Srvcs ……… +0.27%
  • Healthcare ………………………….. +0.08%
  • Non-Cyclical Cons. Goods ………. +0.04%
  • Cyclical Cons. Goods ……… -0.29%
  • Financials …………………. -0.36%
  • Technology ………………. -0.42%
  • Energy ………………….. -0.74%
  • Industrials ……………… -0.75%

II. Bonds, and/or Currencies, and/or Commodities from Thursday, 7/21/2016

 
  II. a.  USA  Bonds
  • 3 Month  0.30%  -0.01 (-3.23%)
  • 6 Month  0.41%  -0.01 (-2.38%)
  •  2 Year  0.67%  -0.05 (-6.94%)
  •  5 Year  1.09%  -0.06 (-5.22%)
  • 10 Year  1.55%  -0.05 (-3.12%)
  • 30 Year  2.29%  -0.04 (-1.72%)
 
  II. b.  Currencies
  • AUD/USD .. 0.7469  -0.0036 (-0.48%)
  • EUR/USD .. 1.1020  -0.0012 (-0.11%)
  • GBP/USD .. 1.3223  -0.0010 (-0.07%)
  • USD/CAD .. 1.3111  +0.0038 (+0.29%)
  • USD/CNY .. 6.6726  -0.0018 (-0.03%)
  • USD/HKD .. 7.7555  -0.0006 (-0.01%)
  • USD/JPY  105.8235  +0.0280 (+0.03%)

 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, 7/22/2016

 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 (sma200) 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 (sma50),  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 7/21 down  @  18,517.23  -77.80  (-0.42%)
:: Closed   (below 7/21 PP)  (below 7/22 PP)
  •   :: Pivot point (PP)   18525.78
  •   Support (s1)  18461.12       Support (s2)   18405.01
  •   Resistance (r1)   18581.89   Resistance (r2)   18646.55
  •   Simple Moving Average (Close 50):    17874.84       (uptrend)
  •   52 week performance  +3.73%  YTD performance  +6.27%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 7/21 down  @    5,073.90  -16.03  (-0.31%)
:: Closed   (below 7/21 PP)  (below 7/22 PP)
  •   :: Pivot point (PP)  5079.26
  •   Support (s1)   5055.75      Support (s2)  5037.59
  •   Resistance (r1)  5097.42    Resistance (r2)  5120.93
  •   Simple Moving Average (Close 50):  4875.71          (uptrend)
  •   52 week performance  -1.41%   YTD performance  +1.33%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/21 down  @   2,165.17   -7.85  (-0.36%)
:: Closed   (below 7/21 PP)  (below 7/22 PP)
  •   :: Pivot point (PP)  2166.49
  •   Support (s1)  2158.43        Support (s2)  2151.68
  •   Resistance (r1)  2173.24     Resistance (r2)  2181.30
  •   Simple Moving Average (Close 50):  2094.61         (uptrend)
  •   52 week performance  +3.00%  YTD performance  +5.93%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 7/21 down  @  1,198.61  -4.30 (-0.36%)
:: Closed   (below 7/21 PP)  (below 7/22 PP)
  •   :: Pivot point (PP)   1199.36
  •   Support (s1)  1194.90      Support (s2)  1191.18
  •   Resistance (r1)  1203.08   Resistance (r2)  1207.54
  •   Simple Moving Average (Close 50):  1159.18          (uptrend)
  •   52 week performance  +1.73%  YTD performance  +5.90%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 7/21 down  @  1,203.86  -5.88 (-0.49%)
:: Closed   (below 7/21 PP)  (below 7/22 PP)
  •   :: Pivot point (PP)  1206.26
  •   Support (s1)   1199.01      Support (s2)   1194.15
  •   Resistance (r1)  1211.12    Resistance (r2)  1218.37
  •   Simple Moving Average (Close 50):  1152.99         (uptrend)
  •   52 week performance  -4.33%   YTD performance   +5.98%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)  (ETF: IWV)
Closed 7/21 down   @  1,277.26  -4.71 (-0.37%)
:: Closed   (below 7/21 PP)  (below 7/22 PP)
  •   :: Pivot point (PP)   1278.17
  •   Support (s1)   1273.24     Support (s2)  1269.23
  •   Resistance (r1)  1282.18   Resistance (r2)  1287.11
  •   Simple Moving Average (Close 50):   1233.65          (uptrend)
  •   52 week performance   +2.95%    YTD performance  +5.90%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 7/21 down  @   15.65  -0.15 (-0.95%)
:: Closed   (below 7/21 PP)  (below 7/22 PP)
  •   :: Pivot point (PP)    15.85
  •   Support (s1)    15.43      Support (s2)  15.20
  •   Resistance (r1)  16.08     Resistance (r2)  16.50
  •   Simple Moving Average (Close 50):  16.45          (downtrend)
  •   Simple Moving Average (Close 200)  19.39          (downtrend)
  •   :: Close (137 days) above/below (+/-) sma200  (-3.741) pts., or (-19.291%)
  •   :: 52 week performance  -31.27%   YTD performance -31.03%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 7/21 up   @  12.74  +0.97 (+8.24%)
:: Closed  (above 7/21 PP)  (above 7/22 PP)
  •   :: Pivot point (PP)    12.50
  •   Support (s1)    11.93      Support (s2)   11.13
  •   Resistance (r1)  13.30     Resistance (r2)  13.87
  •   Simple Moving Average (Close 50):  15.73         (downtrend)
  •   :: 52 week performance   -7.28%   YTD performance  -30.04%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 7/22/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18553.84  …  18433.07
  •   Nasdaq……..  5088.34  …   5046.67
  •   S&P 500 ……  2169.87  …   2155.06
  •   Russell 1000 .  1201.22  …   1193.04
  •   Russell 2000 .  1208.69  …   1196.58
  •   Russell 3000 .  1280.18  …   1271.24
  •   CBOE TNX ……   15.97  …     15.32
  •   Volatility …    13.59  …     12.22
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • Dow Jones ..  18622.01 ..  15370.33 .. (17425.03)  n/c
  • Nasdaq …..   5197.00 c-   4209.76 ..  (5007.41)  c-*
  • S&P 500 ….   2175.63 ..   1810.10 ..  (2043.94)  n/c
  •   ——————————————-
  • Rus 1k (RUI)   1204.28 ..    995.55 ..  (1069.65)  n/c
  • Rus 2k (RUT)   1262.57 c-    943.10 ..  (1135.89)  c-*
  • Rus 3k (RUA)   1283.49 ..   1056.45 ..  (1206.10)  n/c
  • CBOE (TNX) ….. 23.77 …    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, 7/18/2016   thru    Friday 7/22/2016  ——

Hope the above Index Support and Resistance calculations for Friday, 7/22/2016 help your investing and trading planning today …

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