Index Support and Resistance for Monday (5/8/2017)

 

 Below you will find the Index Support and Resistance for Monday, 5/8/2017 as calculated from the changes in Index points through Friday, 5/5/2017’s close.    See  below for Section IV. Index “projected” Highs and Lows for Monday.
         ————————————  Updated 5/12/2017  13:30 PM ET
IndexChart 20170505
 Chart 1a  Friday’s intraday percentage change for the DJIA (INDEX DJX: .DJI), the Nasdaq Comp (INDEX NASDAQ: .IXIC), and the S&P 500 (INDEX SP: .INX)
  ————————————————————————–

 I.  Index performance Friday, 5/5/2017

  • DJ Indu Avg  21,006.94 +55.47 (+0.26%)  (chart: blue)
  • Nasdaq ….       6,100.76 +25.42 (+0.42%)  (chart: gold)
  • S&P 500 ….      2,399.29  +9.77 (+0.41%)  (chart: red )
  • ——————————————-
  • DJ Trans Avg  9,189.97 +51.84 (+0.57%)
  • Rus 1k (RUI)  1,330.23  +6.19 (+0.47%)
  • Rus 2k (RUT)  1,396.99  +8.15 (+0.59%)
  • Rus 3k (RUA)  1,422.28  +6.74 (+0.48%)
  • CBOE (TNX)       23.52  -0.04 (-0.17%)
  • Volatility(VIX)  10.57  +0.11 (+1.05%)

 I. a. US Composite

  • Advancing stocks  1663
  • Declining stocks   614
  • Unchanged ……    50

 I. b. Select stocks & ETFs of interest, from Friday, 5/5/2017

  • AAPL … 148.96 +2.43 (+1.66%)
  • C ……. 60.24 +0.03 (+0.05%)
  • CHK …… 5.46 +0.33 (+6.43%)
  • DHT …… 4.58 +0.01 (+0.22%)
  • DXC ….. 78.39 +0.83 (+1.07%)
  • FH ……. 1.64 +0.02 (+1.23%)
  • GE …..  29.22 +0.02 (+0.07%)
  • JCP ….   5.49 +0.10 (+1.95%)
  • MPC ….  50.66 +1.10 (+2.22%)
  • MU …..  28.20 +0.41 (+1.48%)
  • QCOM ..   54.93 +0.02 (+0.04%)
  • VZ …..  46.69 +0.80 (+1.74%)
  •      select ETFs …
  • DIA …  209.77 +0.58 (+0.28%)
  • QQQ …  137.54 +0.50 (+0.36%)
  • SPY …  239.70 +0.94 (+0.39%)
  • GLD …  117.01 +0.22 (+0.19%)
  • SLV ….  15.50 +0.07 (+0.45%)
  • IWD …  115.08 +0.61 (+0.53%)
  • IWF …  117.34 +0.43 (+0.37%)
  • IWM …  138.99 +0.89 (+0.64%)
  • IWV …  142.18 +0.70 (+0.49%)

 I. c. Sector summary from Friday, 5/5/2017

Sector Change +/-% (best (or least worst) to worst)
  • Energy …………………… +1.93%
  • Basic Materials …………… +1.50%
  • Telecommunications Srvcs …… +1.50%
  • Utilities ………………… +0.78%
  • Non-Cyclical Cons. Goods …… +0.77%
  • Industrials ………………. +0.52%
  • Cyclical Cons. Goods ………. +0.52%
  • Technology ……………….. +0.45%
  • Financials ……………….. +0.41%
  • Healthcare ……………….. -0.07%
  • Real Estate ……………….

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

  II. a.  USA  Bonds from Friday, 5/5/2017
  • 3 Month 0.85% +0.01 (+1.19%)
  • 6 Month 0.94% +0.01 (+1.08%)
  •  2 Year 1.30% -0.02 (-1.52%)
  •  5 Year 1.88% -0.01 (-0.53%)
  • 10 Year 2.35% +0.00 (+0.00%)
  • 30 Year 2.99% -0.01 (-0.33%)

  II. b.  Currencies from Friday, 5/5/2017

  • AUD/USD .. 0.7417 0.0000 (0.00%)
  • EUR/USD .. 1.0998 0.0000 (0.00%)
  • GBP/USD .. 1.2983 0.0000 (0.00%)
  • USD/CAD .. 1.3652 0.0000 (0.00%)
  • USD/CNY .. 6.9032 0.0000 (0.00%)
  • USD/HKD .. 7.7840 0.0000 (0.00%)
  • USD/JPY  112.7300 0.0000 (0.00%)

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

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    no rates increase as expected
  • June 13-14*       possible rates increase
  • 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
     –   –   –   –           –   –   –   –           –   –   –   –
 IndexChart 20170508
Chart 1b  Monday’s intraday percentage change for the DJIA (INDEX DJX: .DJI), the Nasdaq Comp (INDEX NASDAQ: .IXIC), and the S&P 500 (INDEX SP: .INX)
  ——————————————————————————–

 III.  Index Support and Resistance for Monday, 5/8/2017

 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 5/5 up  @  21,006.94 +55.47 (+0.26%)
:: Closed  (above 5/5 PP)  (above 5/8 PP)
  •   :: Pivot point (PP)   20972.96
  •   Support (s1)  20938.98       Support (s2)   20871.02
  •   Resistance (r1)   21040.92   Resistance (r2)   21074.90
  •   Simple Moving Average (Close 50):    20783.81       (up trend)
  •   52 week performance  +18.95%  YTD performance  +6.30%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 5/5 up  @ 6,100.76 +25.42 (+0.42%)
:: Closed  (above 5/5 PP)  (above 5/8 PP)
  •   :: Pivot point (PP)  6089.56
  •   Support (s1)   6078.36      Support (s2) 6055.96
  •   Resistance (r1)  6111.96    Resistance (r2)  6123.16
  •   Simple Moving Average (Close 50):  5903.87    (up trend)
  •   52 week performance  +28.81%   YTD performance  +13.33%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 5/5 up  @  2,399.29  +9.77 (+0.41%)
:: Closed  (above 5/5 PP)  (above 5/8 PP)
  •   :: Pivot point (PP)  2395.99
  •   Support (s1)  2392.68        Support (s2)  2386.08
  •   Resistance (r1)  2402.59     Resistance (r2)  2405.90
  •   Simple Moving Average (Close 50):  2366.42     (up trend)
  •   52 week performance  +16.63%  YTD performance  +7.17%
dji-nas-spx 0170505
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, at plus 13.33 percent y-t-d thru 5/5/2017,  is clearly outperforming the indices I track here.
dji-djt 0170505
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, plus other very public relations issues that are of their own creation, all of which have nothing to do with the USA or global economy.
spx-vix 0170505
Chart 4:  Percentage change year to date (ytd) for the S&P 500 (INDEX SP: .INX) versus the Volatility S&P500 (INDEX CBOE: VIX).  The Volatility Index is spending most of its time in the Raff Regression Channel.   Those trying to time and insure their portfolios against volatility have not fared well as the above chart demonstrates that the VIX goes up only when the S&P 500 declines …   
   ———————————————–
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 5/5 up  @  1,330.23  +6.19 (+0.47%)
:: Closed  (above 5/5 PP)  (above 5/8 PP)
  •   :: Pivot point (PP)   1328.20
  •   Support (s1)  1326.16      Support (s2)  1322.10
  •   Resistance (r1)  1332.26   Resistance (r2)  1334.30
  •   Simple Moving Average (Close 50):  1312.01    (up trend)
  •   52 week performance  +17.26%   YTD performance  +7.13%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 5/5 up  @  1,396.99  +8.15 (+0.59%)
:: Closed  (above 5/5 PP)  (above 5/8 PP)
  •   :: Pivot point (PP)  1393.13
  •   Support (s1)   1389.06      Support (s2)   1381.12
  •   Resistance (r1)  1401.07    Resistance (r2)  1405.14
  •   Simple Moving Average (Close 50):  1379.39   (down trend)
  •   52 week performance  +25.50%    YTD performance   +2.94%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 5/5 up @ 1,422.28  +6.74 (+0.48%)
:: Closed   (above 5/5 PP)  (above 5/8 PP)
  •   :: Pivot point (PP)   1420.04
  •   Support (s1)   1417.80     Support (s2)  1413.32
  •   Resistance (r1)  1424.52   Resistance (r2)  1426.76
  •   Simple Moving Average (Close 50):   1402.49          (up trend)
  •   52 week performance   +17.39%    YTD performance  +6.80%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 5/5 down @ 23.52  -0.04 (-0.17%)
:: Closed (below 5/5 PP)  (below 5/8 PP)
  •   :: Pivot point (PP)    23.57
  •   Support (s1)    23.33      Support (s2)  23.15
  •   Resistance (r1)  23.75     Resistance (r2)  23.99
  •   Simple Moving Average (Close 50):  23.90     (downtrend)
  •   Simple Moving Average (Close 200)  21.29     (up trend)
  •   :: Close (134 days) above/below (+/-) sma200  (+2.234) pts., or (+10.495%)
  •   :: 52 week performance  +32.21%   YTD performance  -3.84%
tnx 0170505
Chart 6  Percentage change year to date (ytd) for the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX).  Here it is quite clear to see the US Federal Reserve having an effect on rates (52 week performance  +32.21%   YTD performance  -3.84%) that is bound to show increased volatility when the Fed starts paring its balance sheet later this year.
   ———————————–
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 5/5 up @ 10.57  +0.11 (+1.05%)
:: Closed  (below 5/5 PP)  (above 5/8 PP)
  •   :: Pivot point (PP)    10.51
  •   Support (s1)    10.05      Support (s2)   9.52
  •   Resistance (r1)  11.04     Resistance (r2)  11.50
  •   Simple Moving Average (Close 50):  12.26    (downtrend)
  •   :: 52 week performance   -27.45%   YTD performance  -24.72%
  •     –   –   –   –           –   –   –   –

 vix 0170505

Chart 7  Percentage change year to date (ytd) for the Volatility S&P500 (INDEX CBOE: VIX).  The Volatility Index is spending most of its time in the Raff Regression Channel.   Those trying to time and insure their portfolios against volatility have not fared well as the above chart demonstrates that the VIX goes up only when the S&P 500 declines …  

——————————

 

IV.  Index “projected” Highs and Lows for Monday, 5/8/2017

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 21057.91  …  20955.97
  •   Nasdaq……..  6117.56  …   6083.96
  •   S&P 500 ……  2404.25  …   2394.34
  •   Russell 1000 .  1333.28  …   1327.18
  •   Russell 2000 .  1403.11  …   1391.10
  •   Russell 3000 .  1425.64  …   1418.92
  •   CBOE TNX ……   23.66  …     23.24
  •   Volatility …    11.27  …     10.28

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

  • DJI Avg   ..  21169.11 ..  17063.08 .. (17425.03)  n/c
  • Nasdaq …..   6102.72 ..   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 …     9.90 …   (18.21)  n/c
  •    —     —     —     —     —     —
  •   n/c* =no change  c-* =changed lower  c+* =changed higher

—  Monday, 5/8/2017   thru    Friday 5/12/2017  ——

Hope the above Index Support and Resistance calculations for Monday, 5/8/2017  help your investing and trading planning today …

Advertisements

33 thoughts on “Index Support and Resistance for Monday (5/8/2017)

  1. This is how Monday indices performed ….

    I. Index performance Monday, 5/8/2017

    DJ Indu Avg 21,012.28 +5.34 (+0.03%) (chart: blue)
    Nasdaq 6,102.66 +1.90 (+0.03%) (chart: gold)
    S&P 500 2,399.38 +0.09 (+0.00%) (chart: red )
    ——————————————-
    DJ Trans Avg 9,092.81 -97.16 (-1.06%)

    Rus 1k (RUI) 1,329.68 -0.55 (-0.04%)
    Rus 2k (RUT) 1,391.64 -5.36 (-0.38%)
    Rus 3k (RUA) 1,421.32 -0.96 (-0.07%)
    CBOE (TNX) 23.76 +0.24 (+1.02%)
    Volatility(VIX) 9.77 -0.80 (-7.57%)

    I. a. US Composite
    Advancing stocks 896
    Declining stocks 1393
    Unchanged …… 38

    Like

  2. I. b. Select stocks of interest, from Monday, 5/8/2017

    AAPL … 153.01 +4.05 (+2.72%) After Hours: 153.20 +0.19 (+0.12%)
    C ……. 60.50 +0.26 (+0.43%) After Hours:  60.51 +0.01 (+0.02%)
    CHK …… 5.55 +0.09 (+1.65%) After Hours:  5.55 +0.00 (+0.00%)
    DHT …… 4.52 -0.06 (-1.31%) After Hours:  4.55 +0.03 (+0.66%)
    DXC ….. 78.41 +0.02 (+0.03%) After Hours:  79.40 +0.99 (+1.26%)
    FH ……. 1.67 +0.03 (+1.83%)
    GE ….. 29.07 -0.15 (-0.51%) After Hours:  29.03 -0.04 (-0.14%)
    JCP …. 5.47 -0.02 (-0.36%) After Hours:  5.47 +0.00 (+0.00%)
    MPC …. 51.34 +0.68 (+1.34%) After Hours:  51.34 +0.00 (+0.00%)
    MU ….. 28.06 -0.14 (-0.50%) After Hours:  28.06 +0.00 (+0.00%)
    QCOM .. 54.62 -0.31 (-0.56%) After Hours:  54.70 +0.08 (+0.15%)
    VZ ….. 46.63 -0.06 (-0.13%) After Hours:  46.72 +0.09 (+0.19%)

    select ETFs …
    DIA … 209.92 +0.15 (+0.07%)
    QQQ … 137.84 +0.30 (+0.22%) After Hours: 137.83 -0.01 (-0.01%)
    SPY … 239.66 -0.04 (-0.02%)
    GLD … 116.75 -0.26 (-0.22%)
    SLV …. 15.41 -0.09 (-0.58%)
    IWD … 114.94 -0.14 (-0.12%)
    IWF … 117.31 -0.03 (-0.03%)
    IWM … 138.41 -0.58 (-0.42%)
    IWV … 142.03 -0.15 (-0.11%)

    Like

  3. I. c. Sector summary from Monday, 5/8/2017

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

    Technology ……………….. +0.55%
    Non-Cyclical Cons. Goods …… +0.40%
    Energy …………………… +0.39%
    Utilities ………………… +0.08%
    Cyclical Cons. Goods ………. -0.15%
    Telecommunications Srvcs …… -0.23%
    Industrials ………………. -0.28%
    Financials ……………….. -0.30%
    Healthcare ……………….. -0.66%
    Basic Materials …………… -0.77%

    Real Estate ……………….

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

    II. a. USA Bonds from Monday, 5/8/2017

    3 Month 0.86% +0.01 (+1.18%)
    6 Month 0.96% +0.02 (+2.13%)
    2 Year 1.32% -0.01 (-0.75%)
    5 Year 1.91% +0.02 (+1.06%)
    10 Year 2.38% +0.03 (+1.28%)
    30 Year 3.02% +0.03 (+1.00%)

    II. b. Currencies from Monday, 5/8/2017

    AUD/USD .. 0.7358 -0.0031 (-0.42%)
    EUR/USD .. 1.0930 +0.0004 (+0.04%)
    GBP/USD .. 1.2954 +0.0014 (+0.11%)

    USD/CAD .. 1.3696 +0.0002 (+0.01%)
    USD/CNY .. 6.9065 +0.0032 (+0.05%)
    USD/HKD .. 7.7844 -0.0003 (+0.00%)
    USD/JPY 113.2590 +0.0440 (+0.04%)

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s