Index Support and Resistance for Wednesday, 7/27/2016

 

  I listened to the Apple Inc. (AAPL) Q3’2016 Financial call after the markets closed yesterday.  Apple Inc. reported revenues and earnings at or near the top of their projected ranges, and beat analysts’ expectations.  The primary concern for all USA companies, not just Apple Inc., is that the FED will raise rates, at a time when no other countries are doing so, and that will strengthen the US dollar reducing earnings when foreign currencies are converted to US dollars.  The FED concludes its 2 day FOMC meeting today.   Bright points for Apple Inc. include growing Services income, India stores, and Apple Inc. is working on potentially improving conditions in China.  Apparently, despite the rush to paper the web with negative articles, the people spending their money, clearly liked the Q3 report and Apple Inc. was up to $103.25 +$6.58 per share, or +6.81 percent.   Apple Inc., at this time is up in pre-market trading at approximately the same price point.  There’s more … in draft for a Apple Inc. blog analysis on the financial call.
  Micron Technologies (MU) filed a rights offering, ostensibly to protect its carry forward losses, suggesting a suitor is kicking the tires, perhaps with an investment, or a buyout in mind.  There’s more … in draft for a Micron Technologies (MU) blog analysis on the rights offering, and other current events.
Barclays Bank PLC Announces Reverse Split of Two iPath® Volatility ETNs 
   Barclays announced today that it will implement a 1 for 4 reverse split of two series of its iPath® ETNs (together, the “ETNs”) effective Tuesday, August 9, 2016:
  • ETN Name           Symbol     Exchange 
  • iPath® S&P 500 VIX Short-Term FuturesTM ETN (“VXX ETNs”)     VXX   NYSE Arca 
  • iPath® S&P 500 VIX Mid-Term FuturesTM ETN (“VXZ ETNs”)     VXZ   NYSE Arca
  •   Barclays Bank PLC has the right (but no obligation) to initiate such a reverse split of each series of ETNs if the closing indicative value of the ETNs falls below $25.00 on any business day, as described in the pricing supplement relating to the ETNs. On July 26, 2016, the closing indicative value of the VXX ETNs was $11.00, and the closing indicative value of the VXZ ETNs was $10.17.  The record date for the reverse split of each series of ETNs will be the close of business, New York time, on August 8, 2016.   The reverse-split adjusted ETNs will each have a new CUSIP, but will retain the same ticker symbols.
  Below you will find the Index Support and Resistance for Wednesday, 7/27/2016 as calculated from the changes in Index points through Tuesday, 7/26/2016’s close.
  •     ———————————

Index chart 20160726
 Index performance Tuesday, 7/26/2016

  • DJI Avg      18,473.75  -19.31  (-0.10%)    (chart: blue)
  • Nasdaq        5,110.05  +12.42  (+0.24%)    (chart: gold)
  • S&P 500       2,169.18   +0.70  (+0.03%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,980.30  +87.35  (+1.11%)
  • Rus 1k (RUI)  1,201.65   +0.95  (+0.08%)
  • Rus 2k (RUT)  1,216.86   +7.04  (+0.58%)
  • Rus 3k (RUA)  1,281.29   +1.50  (+0.12%)
  • CBOE (TNX)       15.63   -0.08  (-0.51%)
  • Volatility(VIX)  13.05   +0.18  (+1.40%)
 I. a. Select stocks of interest, from Tuesday, 7/26/2016
  • AAPL …  96.67  -0.67 (-0.69%)   After Hours: 103.25 +6.58 (+6.81%)
  • C ……  44.15  +0.11 (+0.25%)   After Hours:  44.17 +0.02 (+0.05%)
  • CHK ….   5.35  +0.21 (+4.09%)   After Hours:   5.42 +0.07 (+1.31%)
  • FH …..   2.34  -0.04 (-1.68%)
  • GE …..  31.47  -0.17 (-0.54%)   After Hours:  31.50 +0.03 (+0.10%)
  • JCP ….   9.65  +0.18 (+1.90%)   After Hours:   9.65 +0.00 (+0.00%)
  • MPC ….  38.61  +1.71 (+4.63%)   After Hours:  38.61 +0.00 (+0.00%)
  • MU …..  14.67  +0.75 (+5.39%)   After Hours:  14.78 +0.11 (+0.75%)
  • VZ …..  54.81  -1.06 (-1.90%)   After Hours:  54.79 -0.02 (-0.04%)
  •      select ETFs …
  • DIA …  184.60  -0.21 (-0.11%)   After Hours: 184.85 +0.25 (+0.14%)
  • QQQ …  113.78  +0.12 (+0.11%)   After Hours: 114.46 +0.68 (+0.60%)
  • SPY …  216.75  +0.11 (+0.05%)   After Hours: 217.01 +0.26 (+0.12%)
  • GLD …  126.00  +0.53 (+0.42%)   After Hours: 125.91 -0.09 (-0.07%)
  • SLV ….  18.66  +0.12 (+0.65%)   After Hours:  18.63 -0.03 (-0.16%)
  • IWD …  105.77  +0.25 (+0.24%)   After Hours: 105.75 -0.02 (-0.02%)
  • IWF …  104.09  -0.09 (-0.09%)
  • IWM …  120.80  +0.55 (+0.46%)   After Hours: 121.04 +0.24 (+0.20%)
  • IWV …  127.89  +0.13 (+0.10%)
 I. b. Sector summary from Tuesday, 7/26/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials ………………. +1.86% 
  • Industrials ……………………. +0.73% 
  • Energy …………………………. +0.53%  
  • Technology ……………………. +0.51%
  • Financials ……………………… +0.13%
  • Cyclical Cons. Goods ………… +0.11% 
  • Healthcare ………………. -0.01%
  • Telecommunications Srvcs … -0.05% 
  • Non-Cyclical Cons. Goods ….. -0.16%  
  • Utilities ……………….. -0.60% 

II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 7/26/2016

 
  II. a.  USA  Bonds
  • 3 Month  0.29%  -0.02 (-6.45%)
  • 6 Month  0.38%  -0.03 (-7.32%)
  •  2 Year  0.71%  -0.01 (-1.39%)
  •  5 Year  1.14%  +0.01 (+0.88%)
  • 10 Year  1.56%  +0.01 (+0.65%)
  • 30 Year  2.29%  +0.03 (+1.33%)
  II. b.  Currencies
  • AUD/USD .. 0.7514  +0.0001 (+0.01%)
  • EUR/USD .. 1.0994  +0.0006 (+0.06%)
  • GBP/USD .. 1.3119  -0.0031 (-0.24%)
  • USD/CAD .. 1.3172  -0.0003 (-0.02%)
  • USD/CNY .. 6.6677  -0.0032 (-0.05%)
  • USD/HKD .. 7.7563  -0.0006 (-0.01%)
  • USD/JPY  105.1880  +0.3580 (+0.34%)
 II. cUS 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*         ( … increasing probability, … maybe)
  • 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 Wednesday, 7/27/2016

 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.
     –   –   –   –           –   –   –   –
djia-nas-spx %c20160726
Chart #2  (above, EOD, %change)  The above DJIA, Nasdaq, S&P 500, daily chart reflects the percentage change since the first markets correction 8/21/2015.  Note:  EOD= End of Day
      —————————
( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
Closed 7/26 down  @  18,473.75  -19.31  (-0.10%)
:: Closed   (below 7/26 PP)  (above 7/27 PP)
  •   :: Pivot point (PP)   18461.15
  •   Support (s1)  18399.82       Support (s2)   18325.90
  •   Resistance (r1)   18535.07   Resistance (r2)   18596.40
  •   Simple Moving Average (Close 50):    17926.26       (uptrend)
  •   52 week performance  +5.92%  YTD performance  +6.02%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 7/26 up  @     5,110.05  +12.42  (+0.24%)
:: Closed   (above 7/26 PP)  (above 7/27 PP)
  •   :: Pivot point (PP)  5105.51
  •   Support (s1)   5088.72      Support (s2) 5067.39
  •   Resistance (r1)  5126.84    Resistance (r2)  5143.63
  •   Simple Moving Average (Close 50):  4897.55          (uptrend  3/21)
  •   52 week performance  +0.41%   YTD performance  +2.05%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/26 up  @   2,169.18   +0.70  (+0.03%)
:: Closed   (above 7/26 PP)  (above 7/27 PP)
  •   :: Pivot point (PP)  2167.63
  •   Support (s1)  2161.73        Support (s2)  2154.27
  •   Resistance (r1)  2175.09     Resistance (r2)  2180.99
  •   Simple Moving Average (Close 50):  2101.36         (uptrend)
  •   52 week performance  +3.63%  YTD performance  +6.13%
rui-rua-rut %c20160726
Chart #3(above, EOD, %change)  The above Russell 3000, Russell 2000, Russell 1000, daily chart reflects the percentage change since the first markets correction 8/21/2015.

      —————————
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 7/26 up  @  1,201.65   +0.95  (+0.08%)
:: Closed   (above 7/26 PP)  (above 7/27 PP)
  •   :: Pivot point (PP)   1200.63
  •   Support (s1)  1197.50      Support (s2)  1193.35
  •   Resistance (r1)  1204.18   Resistance (r2)  1207.91
  •   Simple Moving Average (Close 50):  1163.00          (uptrend)
  •   52 week performance  +4.30%  YTD performance  +6.16%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 7/26 up  @  1,216.86   +7.04  (+0.58%)
:: Closed   (above 7/26 PP)  (above 7/27 PP)
  •   :: Pivot point (PP)  1214.25
  •   Support (s1)   1211.37      Support (s2)   1205.88
  •   Resistance (r1)  1219.74    Resistance (r2)  1222.62
  •   Simple Moving Average (Close 50):  1159.27          (uptrend)
  •   52 week performance  +0.19%   YTD performance   +7.13%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 7/26 up   @  1,281.29   +1.50  (+0.12%)
:: Closed   (above 7/26 PP)  (above 7/27 PP)
  •   :: Pivot point (PP)   1280.03
  •   Support (s1)   1276.81     Support (s2)  1272.33
  •   Resistance (r1)  1284.51   Resistance (r2)  1287.73
  •   Simple Moving Average (Close 50):   1237.37          (uptrend)
  •   52 week performance   +1.98%    YTD performance  +6.23%
tnx %c20160726
Chart #4  (above, EOD, %change)  The above CBOE Interest Rate 10 Year T Note , daily chart reflects the percentage change since the first markets correction 8/21/2015.
      —————————
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 7/26 down  @   15.63   -0.08  (-0.51%)
:: Closed   (below 7/26 PP)  (below 7/27 PP)
  •   :: Pivot point (PP)    15.66
  •   Support (s1)    15.46      Support (s2)  15.28
  •   Resistance (r1)  15.84     Resistance (r2)  16.04
  •   Simple Moving Average (Close 50):  16.35          (downtrend)
  •   Simple Moving Average (Close 200)  19.32          (downtrend)
  •   :: Close (140 days) above/below (+/-) sma200  (-3.688) pts., or (-19.092%)
  •   :: 52 week performance  -30.53%   YTD performance -31.12%
vix %c20160726
Chart #5  (above, EOD, %change)  The above Volatility S&P500 , daily chart reflects the percentage change since the first markets correction 8/21/2015.   Volatility can’t afford to buy a cup of coffee …. explaining the Barclays reverse splits.
      —————————
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 7/26 up   @  13.05   +0.18  (+1.40%)
:: Closed  (above 7/26 PP)  (below 7/27 PP)
  •   :: Pivot point (PP)
  •   Support (s1)    12.73      Support (s2)   12.42
  •   Resistance (r1)  13.43     Resistance (r2)  13.82
  •   Simple Moving Average (Close 50):  15.61         (downtrend)
  •   :: 52 week performance   +4.40%   YTD performance  -28.34%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Wednesday, 7/27/2016

  • Index,  :: Projected High,  Projected Low
  •   DJI Avg   …. 18498.11  …  18362.86
  •   Nasdaq …….  5135.24  …   5097.12
  •   S&P 500 ……  2178.04  …   2164.68
  •   Russell 1000 .  1206.35  …   1199.07
  •   Russell 2000 .  1221.18  …   1212.81
  •   Russell 3000 .  1286.12  …   1278.42
  •   CBOE TNX ……   15.94  …     15.56
  •   Volatility …    13.63  …     12.93

 V.  Index: 52week High,  52week Low, (Close 12/31/15)

  • DJI Avg   ..  18622.01 ..  15370.33 .. (17425.03)  n/c
  • Nasdaq …..   5176.77 ..   4209.76 ..  (5007.41)  n/c
  • S&P 500 ….   2175.63 ..   1810.10 ..  (2043.94)  n/c
  •   ——————————————-
  • Rus 1k (RUI)   1204.36 ..    995.55 ..  (1069.65)  n/c
  • Rus 2k (RUT)   1244.98 ..    943.10 ..  (1135.89)  n/c
  • Rus 3k (RUA)   1283.66 ..   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, 7/25/2016   thru    Friday 7/29/2016  ——

Hope the above Index Support and Resistance calculations for Wednesday, 7/27/2016 help your investing and trading planning today …

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