Index Support and Resistance for Monday (1/23/2017)

Friday was Prez-elect Trump’s Inauguration as well as 3rd Friday of the month options/futures expiry … and the US markets closed up.  This week we have the following DJIA (DJI, .DJI) companies reporting earnings:

  • Monday: MCD,
  • Tuesday: DD, JNJ, TRV, VZ,
  • Wednesday: BA,
  • Thursday: CAT, INTC, and
  • Friday: CVX .

The Trump rally could/can very well continue ..

Below you will find the Index Support and Resistance for Monday, 1/23/2017 as calculated from the changes in Index points through Friday, 1/20/2017’s close.    See  below for Section IV. Index “projected” Highs and Lows for Monday.

         ————————————
indexchart-20170120

 I.  Index performance Friday, 1/20/2017

  • DJ Indu Avg  19,827.25 +94.85 (+0.48%)    (chart: blue)
  • Nasdaq …..       5,555.33 +15.25 (+0.28%)    (chart: gold)
  • S&P 500  …..    2,271.31  +7.62 (+0.34%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  9,224.57 +60.61 (+0.66%)
  • Rus 1k (RUI)  1,260.70  +4.10 (+0.33%)
  • Rus 2k (RUT)  1,351.85  +6.10 (+0.45%)
  • Rus 3k (RUA)  1,350.10  +4.52 (+0.34%)
  • CBOE (TNX)       24.67  +0.08 (+0.33%)
  • Volatility(VIX)  11.54  -1.24 (-9.70%)

 I. a. Select stocks of interest, from Friday, 1/20/2017

  • AAPL … 120.00  +0.22 (+0.18%)
  • C ……. 56.11  -0.55 (-0.97%)
  • CHK …… 6.69  +0.07 (+1.06%)
  • DHT …… 4.40  +0.12 (+2.80%)
  • FH ……. 2.20  +0.12 (+5.77%)
  • GE …..  30.53  -0.68 (-2.18%)
  • JCP ….   6.85  +0.16 (+2.39%)
  • MPC ….  48.76  +0.39 (+0.81%)
  • MU …..  21.96  +0.25 (+1.15%)
  • VZ …..  52.72  +0.36 (+0.69%)
  •      select ETFs …
  • DIA …  197.96  +0.87 (+0.44%)
  • QQQ …  123.25  +0.27 (+0.22%)
  • SPY …  226.74  +0.83 (+0.37%)
  • GLD …  115.05  +0.28 (+0.24%)
  • SLV ….  16.19  +0.07 (+0.43%)
  • IWD …  112.53  +0.56 (+0.50%)
  • IWF …  107.58  +0.15 (+0.14%)
  • IWM …  134.44  +0.69 (+0.52%)
  • IWV …  134.86  +0.53 (+0.39%)
  •    other
  • CUR …..  3.82 -0.20 (-4.98%)
  • GST …..  1.48 -0.02 (-1.33%)
  • LOR …   10.04 +0.03 (+0.30%)
  • MVPI ….  0.0289 +0.0000 (+0.00%)
  • WDDD ….  0.0295 +0.0020 (+7.27%)

 I. b. Sector summary from Friday, 1/20/2017

  • Sector Change +/-% (best (or least worst) to worst)
  • Energy …………………… +0.51%
  • Basic Materials …………… +0.79%
  • Industrials ………………. +0.24%
  • Cyclical Cons. Goods ………. +0.10%
  • Non-Cyclical Cons. Goods …… +1.01%
  • Financials ……………….. +0.49%
  • Healthcare ……………….. -0.31%
  • Technology ……………….. +0.45%
  • Telecommunications Srvcs …… +0.56%
  • Utilities ………………… +0.29%
  • Real Estate ……………….

 II. Bonds, and/or Currencies, and/or Commodities

  II. a.  USA  Bonds from Friday, 1/20/2017
  • 3 Month 0.49% +0.01 (+2.08%)
  • 6 Month 0.54% -0.05 (-8.47%)
  •  2 Year 1.19% -0.03 (-2.46%)
  •  5 Year 1.93% -0.04 (-2.03%)
  • 10 Year 2.47% -0.01 (-0.40%)
  • 30 Year 3.05% +0.00 (+0.00%)
  II. b.  Currencies from Friday, 1/20/2017
  • AUD/USD .. 0.7560 +0.0004 (+0.05%)
  • EUR/USD .. 1.0708 +0.0006 (+0.06%)
  • GBP/USD .. 1.2380 +0.0000 (+0.00%)
  • USD/CAD .. 1.3324 +0.0004 (+0.03%)
  • USD/CNY .. 6.8765 +0.0000 (+0.00%)
  • USD/HKD .. 7.7578 -0.0002 (-0.00%)
  • USD/JPY  114.1950 -0.4300 (-0.38%)
 II. c.  US Energy Information Administration   (US EIA)

For both Bulls and Bears:

current XLE quote (Reuters) and more

Related previous XLE analysis:

 II. d.   US Department of Labor
  •           Bureau of Labor Statistics       http://www.bls.gov/
  •     To view the “jobs” report for yourself in various formats, including downloadable PDFs, … check it out at the above link.
  II. e.    Federal Open Market Committee (FOMC)
 Planned 2017  meetings:    ( FOMC  Calendar & info )
  • 2017 FOMC Meetings
  • Jan/Feb  31-1
  • March 14-15*
  • May  2-3June 13-14*
  • July  25-26
  • September  19-20*
  • Oct/Nov  31-1
  • December  12-13*
  • * Meeting associated with a Summary of Economic Projections and a press conference by the Fed Chairperson  Ms. J. Yellen.

  • Don’t forget to view downloadable PDFs from previous years
  • Don’t forget to check the above dates against 3rd Friday of the month options/futures expiry…  Especially, Quadruple Witching months March, June, September, and December

 III.  Index Support and Resistance for Monday, 1/23/2017

  Below you will find the 52 week performance, and the Year-to-Date (YTD) performance to the selected indexes.  See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.  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 1/20 up  @  19,827.25 +94.85 (+0.48%)
:: Closed   (above 1/20 PP)  (above 1/23 PP)
  •   :: Pivot point (PP)   19810.11
  •   Support (s1)  19776.28       Support (s2)   19725.31
  •   Resistance (r1)   19861.08   Resistance (r2)   19894.91
  •   Simple Moving Average (Close 50):    19497.63       (uptrend)
  •   52 week performance  +24.84%  YTD performance  +0.327%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 1/20 up  @    5,555.33 +15.25 (+0.28%)
:: Closed   (above 1/20 PP)  (below 1/23 PP)
  •   :: Pivot point (PP)  5557.30
  •   Support (s1)   5540.26      Support (s2) 5525.18
  •   Resistance (r1)  5572.38    Resistance (r2)  5589.42
  •   Simple Moving Average (Close 50):  5408.67          (uptrend)
  •   52 week performance  +21.00%   YTD performance  +3.20%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 1/20 up  @   2,271.31  +7.62 (+0.34%)
:: Closed   (above 1/20 PP)  (above 1/23 PP)
  •   :: Pivot point (PP)  2271.09
  •   Support (s1)  2265.23        Support (s2)  2259.14
  •   Resistance (r1)  2277.18     Resistance (r2)  2283.04
  •   Simple Moving Average (Close 50):  2232.73         (uptrend)
  •   52 week performance  +19.11%  YTD performance  +1.45%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 1/20 up  @  1,260.70  +4.10 (+0.33%)
:: Closed   (above 1/20 PP)  (above 1/23 PP)
  •   :: Pivot point (PP)   1260.62
  •   Support (s1)  1257.45      Support (s2)  1254.19
  •   Resistance (r1)  1263.88   Resistance (r2)  1267.05
  •   Simple Moving Average (Close 50):  1238.81          (uptrend)
  •   52 week performance  +22.33%   YTD performance  +1.53%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 1/20 up  @  1,351.85  +6.10 (+0.45%)
:: Closed  (above 1/20 PP)  (above 1/23 PP)
  •   :: Pivot point (PP)  1351.01
  •   Support (s1)   1346.80      Support (s2)   1341.76
  •   Resistance (r1)  1356.05    Resistance (r2)  1360.26
  •   Simple Moving Average (Close 50):  1340.36          (uptrend)
  •   52 week performance  +35.28%    YTD performance   -0.39%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 1/20 up   @  1,350.10  +4.52 (+0.34%)
:: Closed   (above 1/20 PP)  (above 1/23 PP)
  •   :: Pivot point (PP)   1349.97
  •   Support (s1)   1346.69     Support (s2)  1343.29
  •   Resistance (r1)  1353.37   Resistance (r2)  1356.65
  •   Simple Moving Average (Close 50):   1326.10          (uptrend)
  •   52 week performance   +22.77%    YTD performance  +1.38%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 1/20 up  @   24.67  +0.08 (+0.33%)
:: Closed   (above 1/20 PP)  (below 1/23 PP)
  •   :: Pivot point (PP)    24.80
  •   Support (s1)    24.47      Support (s2)  24.27
  •   Resistance (r1)  25.00     Resistance (r2)  25.00
  •   Simple Moving Average (Close 50):  23.81          (uptrend)
  •   Simple Moving Average (Close 200)  18.72          (uptrend)
  •   :: Close (61 days) above/below (+/-) sma200  (+5.954) pts., or (+31.814%)
  •   :: 52 week performance  +20.46%   YTD performance  +0.86%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 1/20 down  @  11.54  -1.24 (-9.70%)
:: Closed  (below 1/20 PP)  (below 1/23 PP)
  •   :: Pivot point (PP)    11.89
  •   Support (s1)    11.18      Support (s2)   10.83
  •   Resistance (r1)  12.24     Resistance (r2)  12.95
  •   Simple Moving Average (Close 50):  12.58         (downtrend)
  •   :: 52 week performance   -52.22%   YTD performance  -17.81%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Monday, 1/23/2017

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 19878.00  …  19793.20
  •   Nasdaq……..  5564.84  …   5532.72
  •   S&P 500 ……  2280.11  …   2268.16
  •   Russell 1000 .  1265.47  …   1259.04
  •   Russell 2000 .  1358.16  …   1348.91
  •   Russell 3000 .  1355.01  …   1348.33
  •   CBOE TNX ……   24.90  …     24.37
  •   Volatility …    12.07  …     11.01
 V.  Index: 52week High,  52week Low, (Close 12/30/2016)
  • DJI Avg   ..  19999.63 ..  15503.01 .. (19762.60)  n/c
  • Nasdaq …..   5584.26 ..   4209.76 ..  (5383.12)  n/c
  • S&P 500 ….   2282.10 ..   1810.10 ..  (2238.83)  n/c
  •    ————–        —————————–
  • Rus 1k (RUI)   1266.36 ..    995.55 ..  (1241.66)  n/c
  • Rus 2k (RUT)   1392.71 ..    943.10 ..  (1135.89)  n/c
  • Rus 3k (RUA)   1357.31 ..   1056.45 ..  (1331.72)  n/c
  • CBOE (TNX) ….. 26.21 …    13.36 …   (24.46)  n/c
  • Volatility(VIX)  30.90 …    10.93 …   (14.04)  n/c
  •    —     —     —     —     —     —
  •   n/c* =no change  c-* =changed lower  c+* =changed higher

—   Monday, 1/23/2017   thru    Friday 1/27/2017  ——

Here’s hoping the above Index Support and Resistance calculations for Monday, 1/23/2017  help your investing and trading planning today …  

.

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