Index Support and Resistance for Monday (5/1/2017)

 

  Below you will find the Index Support and Resistance for Monday, 5/1/2017 as calculated from the changes in Index points through Friday, 4/28/2017’s close.    See  below for Section IV. Index “projected” Highs and Lows for Monday.

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 I.  Index performance Friday, 4/28/2017

• DJ Indu Avg  20,940.51 -40.82 (-0.19%)  (chart: blue)
• Nasdaq  …..     6,047.61  -1.33 (-0.02%)  (chart: gold)
• S&P 500  ….     2,384.20  -4.57 (-0.19%)  (chart: red )
•   ——————————————-
• DJ Trans Avg  9,097.63 -96.36 (-1.05%)
• Rus 1k (RUI)  1,322.44  -3.28 (-0.25%)
• Rus 2k (RUT)  1,400.43 -16.70 (-1.18%)
• Rus 3k (RUA)  1,414.84  -4.53 (-0.32%)
• CBOE (TNX)       22.82  -0.14 (-0.61%)
• Volatility(VIX)  10.82  +0.46 (+4.44%)

 I. a. US Composite

•   Advancing stocks   677
•   Declining stocks  1603
•   Unchanged ……    35

 I. b. Select stocks of interest, from Friday, 4/28/2017

• AAPL … 143.65 -0.14 (-0.10%)
• C ……. 59.12 -0.27 (-0.45%)
• CHK …… 5.26 -0.02 (-0.47%)
• DHT …… 4.79 -0.12 (-2.54%)
• DXC ….. 75.34 -0.56 (-0.74%)
• FH ……. 1.71 -0.05 (-3.12%)
• GE …..  28.99 -0.09 (-0.31%)
• JCP ….   5.38 -0.07 (-1.28%)
• MPC ….  50.94 -0.08 (-0.16%)
• MU …..  27.66 +0.03 (+0.11%)
• QCOM ..   53.74 +0.53 (+1.00%)
• VZ …..  45.91 -0.76 (-1.63%)
• •     select ETFs …
• DIA …  209.08 -0.48 (-0.23%)
• QQQ …  135.99 +0.24 (+0.18%)
• SPY …  238.08 -0.52 (-0.22%)
• GLD …  120.77 +0.38 (+0.32%)
• SLV ….  16.30 -0.07 (-0.43%)
• IWD …  114.72 -0.55 (-0.48%)
• IWF …  116.33 -0.01 (-0.01%)
• IWM …  139.06 -1.89 (-1.34%)
• IWV …  141.34 -0.45 (-0.32%)

 

 I. c. Sector summary from Friday, 4/28/2017

Sector Change +/-% (best (or least worst) to worst)

• Non-Cyclical Cons. Goods …… +0.50%
• Healthcare ……………….. +0.18%
• Technology ……………….. +0.16%
• Energy …………………… +0.01%
• Basic Materials …………… -0.01%
• Utilities ………………… -0.36%
• Industrials ………………. -0.37%
• Telecommunications Srvcs …… -0.42%
• Cyclical Cons. Goods ………. -0.49%
• Financials ……………….. -0.57%
• Real Estate ……………….

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

  II. a.  USA  Bonds from Friday, 4/28/2017

• 3 Month 0.76% +0.00 (+0.00%)
• 6 Month 0.94% +0.00 (+0.00%)
•  2 Year 1.25% -0.01 (-0.79%)
•  5 Year 1.82% -0.03 (-1.62%)
• 10 Year 2.29% -0.04 (-1.72%)
• 30 Year 2.95% -0.03 (-1.01%)

  II. b.  Currencies from Friday, 4/28/2017

• AUD/USD .. 0.7488 0.0000 (0.00%)
• EUR/USD .. 1.0896 0.0000 (0.00%)
• GBP/USD .. 1.2952 0.0000 (0.00%)
• USD/CAD .. 1.3662 0.0000 (0.00%)
• USD/CNY .. 6.8945 0.0000 (0.00%)
• USD/HKD .. 7.7786 0.0000 (0.00%)
• USD/JPY  111.5150 0.0000 (0.00%)

II. c.  US Energy Information Administration   (US EIA)

• Petroleum & Other Liquids

• Weekly Supply Estimates
• This Week in Petroleum
• Crude oil storage and capacity have increased in Cushing, Oklahoma and U.S. Gulf Coast

For both Bulls and Bears:

current XLE quote (Reuters) and more

 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  2-3
• June 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, 5/1/2017

 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 4/28 down  @  20,940.51 -40.82 (-0.19%)
:: Closed (below 4/28 PP)  (below 5/1 PP)

•   :: Pivot point (PP)   20951.67
•   Support (s1)  20915.59       Support (s2)   20890.66
•   Resistance (r1)   20976.60   Resistance (r2)   21012.68
•   Simple Moving Average (Close 50):    20759.67   (uptrend)
•   52 week performance  +17.44%  YTD performance  +5.96%

( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 4/28 down  @  6,047.61  -1.33 (-0.02%)
:: Closed (above 4/28 PP)  (below 5/1 PP)

•   :: Pivot point (PP)  6054.12
•   Support (s1)   6034.20      Support (s2) 6020.79
•   Resistance (r1)  6067.53    Resistance (r2)  6087.45
•   Simple Moving Average (Close 50):  5879.47    (uptrend)
•   52 week performance  +26.64%   YTD performance  +12.34%

( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 4/28 down  @   2,384.20  -4.57 (-0.19%)
:: Closed (below 4/28 PP)  (below 5/1 PP)

•   :: Pivot point (PP)  2386.75
•   Support (s1)  2379.81        Support (s2)  2375.43
•   Resistance (r1)  2391.13     Resistance (r2)  2398.07
•   Simple Moving Average (Close 50):  2363.10     (uptrend)
•   52 week performance  +15.44%  YTD performance  +6.49%

Chart 2  Percentage change year to date (ytd) for the Dow Jones Industrial Average (DJIA, .DJI), the Nasdaq Comp (NAS, .IXIC), and the S&P 500 Index (SPX, .INX).  The Nasdaq is clearly outperforming the indices I track here.

  —————

Chart 3  Percentage change year to date (ytd) for the Dow Jones Industrial Average (DJIA, .DJI), and the Dow Jones Transportation Index (DJT, .DJT).  For the DOW Theory comparison looking for Bull or Bear trend confirmation  it should be noted that the Airlines are having issues with overbookings, other very public relations issues that are of their own creation, all of which have nothing to do with the USA or global economy.

  —————

( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 4/28 down  @  1,322.44  -3.28 (-0.25%)
:: Closed (below 4/28 PP)  (below 5/1 PP)

•   :: Pivot point (PP)   1323.83
•   Support (s1)  1320.15      Support (s2)  1317.87
•   Resistance (r1)  1326.11   Resistance (r2)  1329.79
•   Simple Moving Average (Close 50):  1310.33     (uptrend)
•   52 week performance  +15.04%   YTD performance  +6.51%

( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 4/28 down  @  1,400.43 -16.70 (-1.18%)
:: Closed (below 4/28 PP)  (below 5/1 PP)

•   :: Pivot point (PP)  1406.46
•   Support (s1)   1393.72      Support (s2)   1387.00
•   Resistance (r1)  1413.18    Resistance (r2)  1425.92
•   Simple Moving Average (Close 50):  1380.05    (up trend)
•   52 week performance  +21.34%    YTD performance   +3.19%

( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 4/28 down  @  1,414.84  -4.53 (-0.32%)
:: Closed (below 4/28 PP)  (below 5/1 PP)

•   :: Pivot point (PP)   1416.78
•   Support (s1)   1412.14     Support (s2)  1409.45
•   Resistance (r1)  1419.47   Resistance (r2)  1424.11
•   Simple Moving Average (Close 50):   1400.85    (up trend)
•   52 week performance   +15.31%    YTD performance  +6.24%

Chart 4  Percentage change year to date (ytd) for the Russell 1000 (.RUI), the Russell 2000 (.RUT), and the Russell 3000 (.RUA).  Here it is quite clear to see the Russell 2000 is lagging its brethren.

  —————

( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 4/28 down  @  22.82  -0.14 (-0.61%)
:: Closed  (below 4/28 PP)  (below 5/1 PP)

•   :: Pivot point (PP)    23.00
•   Support (s1)    22.64      Support (s2)  22.46
•   Resistance (r1)  23.18     Resistance (r2)  23.54
•   Simple Moving Average (Close 50):  24.00    (downtrend)
•   Simple Moving Average (Close 200)  21.09    (up trend)
•   :: Close (129 days) above/below (+/-) sma200  (+1.730) pts., or (+8.201%)
•   :: 52 week performance  +25.45%   YTD performance  -6.70%

( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 4/28 up  @  10.82  +0.46 (+4.44%)
:: Closed  (above 4/28 PP)  (above 5/1 PP)

•   :: Pivot point (PP)    10.76
•   Support (s1)    10.35      Support (s2)    9.89
•   Resistance (r1)  11.22     Resistance (r2)  11.63
•   Simple Moving Average (Close 50):  12.37    (down trend)
•   :: 52 week performance   -26.29%   YTD performance  -22.93%
•     –   –   –   –           –   –   –   –

IV.  Index “projected” Highs and Lows for Monday, 5/1/2017

• Index,  :: Projected High,  Projected Low
•   Dow Jones …. 20964.14  …  20903.13
•   Nasdaq……..  6060.83  …   6027.50
•   S&P 500 ……  2388.94  …   2377.62
•   Russell 1000 .  1324.97  …   1319.01
•   Russell 2000 .  1409.82  …   1390.36
•   Russell 3000 .  1418.13  …   1410.80
•   CBOE TNX ……   23.09  …     22.55
•   Volatility …    11.43  …     10.56

V.  Index: 52week High,  52week Low, (Close 12/30/16)

• DJI Avg   ..  21169.11 ..  17063.08 .. (17425.03)  n/c
• Nasdaq …..   6074.04 ..   4574.25 ..  (5007.41)  n/c
• S&P 500 ….   2400.98 ..   1991.68 ..  (2043.94)  n/c
•    ————–        —————————–
• Rus 1k (RUI)   1331.57 ..   1085.88 ..  (1069.65)  n/c
• Rus 2k (RUT)   1425.70 ..   1085.88 ..  (1135.89)  n/c
• Rus 3k (RUA)   1424.96 ..   1172.36 ..  (1206.10)  n/c
• CBOE (TNX) ….. 26.21 …    13.36 …   (22.69)  n/c
• Volatility(VIX)  26.72 …     9.97 …   (18.21)  n/c
•    —     —     —     —     —     —
•   n/c* =no change  c-* =changed lower  c+* =changed higher

—  Monday, 5/1/2017   thru    Friday 5/5/2017  ——

• • • Thoughts on Brexit
    • U. S. government Overseas Assassination 101
    • The Cowardly Bombings in Brussels
    • The Eleventh Sector for 2016: Real Estate

     

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    •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly (d-w-m) chart analysis

     

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       Hope the above Index Support and Resistance calculations for Monday, 5/1/2017  help your investing and trading planning today …