Index Support and Resistance for Thursday, 7/28/2016

 

  Yesterday, in the midst of the FED’s FOMC meeting and decision, the large cap Russell 1000 (.RUI) posted another new 52 week intraday high at 1204.57, before pulling back to close lower at 1199.79.  As to the new Russell 1000 high?  It’s only 0.21 points higher than the 1204.36 posted on Friday 7/22/2016 … but, that’s okay, we’ll take it.  It is one more  indication that ‘suggests” Mr. & Ms. Fickle Markets think the large caps are financially capable of weathering a FED 0.25 basis point rate increase.
At this time, looking at a sea of red, there is green in there …    Another indication suggesting the US markets’s and indices want to go higher is flagged by my Degrees of Bullish/Bearish Indicator which notes that while the Russell 1000 closed below its Pivot Points for both yesterday and today … –0.84 points or –0.07% for yesterday, and –0.313 points below its Pivot Point for today … it’s neutral to Bullish indication of healthy profit taking, and not Bearish Sentiment.
There’s more … check out the sections and tables below:
  Below you will find the Index Support and Resistance for Thursday, 7/28/2016 as calculated from the changes in Index points through Wednesday, 7/27/2016’s close. 
Index chart 20160727

 I.   Index performance Wednesday, 7/27/2016

  • DJI Avg      18,472.17   -1.58  (-0.01%)    (chart: blue)
  • Nasdaq        5,139.81  +29.76  (+0.58%)    (chart: gold)
  • S&P 500       2,166.58   -2.60  (-0.12%)    (chart:  red)
  •   ——————————————-
  • DJ Trans Avg  7,861.45  -118.85 (-1.49%)
  • Rus 1k (RUI)  1,199.79   -1.87  (-0.16%)
  • Rus 2k (RUT)  1,218.93   +2.07  (+0.17%)
  • Rus 3k (RUA)  1,279.61   -1.68  (-0.13%)
  • CBOE (TNX)       15.15   -0.48  (-3.07%)
  • Volatility(VIX)  12.83   -0.22 (-1.686)
 I. a. Select stocks of interest, from Wednesday, 7/27/2016
  • AAPL … 102.95  +6.28 (+6.50%)   After Hours: 103.43 +0.48 (+0.47%)
  • C ……  44.29  +0.14 (+0.32%)   After Hours:  44.25 -0.04 (-0.09%)
  • CHK ….   5.19  -0.16 (-2.99%)   After Hours:   5.24 +0.05 (+0.96%)
  • FH …..   2.38  +0.04 (+1.71%)
  • GE …..  31.28  -0.19 (-0.60%)   After Hours:  31.27 -0.01 (-0.03%)
  • JCP ….   9.40  -0.25 (-2.59%)   After Hours:   9.36 -0.04 (-0.43%)
  • MPC ….  37.83  -0.78 (-2.02%)   After Hours:  37.83 +0.00 (+0.00%)
  • MU …..  14.19  -0.48 (-3.27%)   After Hours:  14.28 +0.09 (+0.63%)
  • VZ …..  55.32  +0.51 (+0.93%)   After Hours:  55.35 +0.03 (+0.05%)
  •      select ETFs …
  • DIA …  184.57  -0.03 (-0.02%)   After Hours: 184.55 -0.02 (-0.01%)
  • QQQ …  114.58  +0.79 (+0.69%)   After Hours: 114.76 +0.18 (+0.16%)
  • SPY …  216.51  -0.24 (-0.11%)   After Hours: 216.54 +0.03 (+0.01%)
  • GLD …  128.03  +2.03 (+1.61%)    Pre-market: 128.09 +0.06 (+0.05%)
  • SLV ….  19.37  +0.71 (+3.80%)    Pre-market:  19.36 -0.01 (-0.05%)
  • IWD …  105.35  -0.42 (-0.40%)   After Hours: 105.20 -0.15 (-0.14%)
  • IWF …  104.29  +0.20 (+0.19%)   After Hours: 104.22 -0.07 (-0.07%)
  • IWM …  121.12  +0.32 (+0.26%)    Pre-market: 120.90 -0.22 (-0.18%)
  • IWV …  127.76  -0.13 (-0.10%)
 I. b. Sector summary from Wednesday, 7/27/2016
Sector Change +/-% (best (or least worst) to worst)
  • Technology …………………… +0.71%
  • Basic Materials ………………. +0.67% 
  • Healthcare …………………… +0.54% 
  • Telecommunications Srvcs ………. +0.08%  
  • Financials …………………… +0.03%  
  • Industrials ………………….. -0.36% 
  • Cyclical Cons. Goods ………….. -0.42% 
  • Energy ………………………. -0.88%  
  • Utilities ……………………. -1.04% 
  • Non-Cyclical Cons. Goods ………. -1.12% 

 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 7/27/2016

  II. a.  USA  Bonds
  • 3 Month  0.28%  -0.03 (-9.68%)
  • 6 Month  0.37%  -0.03 (-7.50%)
  •  2 Year  0.72%  -0.03 (-4.00%)
  •  5 Year  1.08%  -0.05 (-4.42%)
  • 10 Year  1.50%  -0.05 (-3.23%)
  • 30 Year  2.21%  -0.05 (-2.21%)
  II. b.  Currencies
  • AUD/USD .. 0.7535  +0.0016 (+0.22%)
  • EUR/USD .. 1.1096  +0.0028 (+0.26%)
  • GBP/USD .. 1.3200  -0.0031 (-0.23%)
  • USD/CAD .. 1.3136  -0.0005 (-0.04%)
  • USD/CNY .. 6.6586  -0.0124 (-0.19%)
  • USD/HKD .. 7.7561  -0.0007 (-0.01%)
  • USD/JPY  104.6300  -0.2600 (-0.25%)
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                        ( as expected, no rate increase  )
  • September 20-21*        ( needs more homework )
  • 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 Thursday, 7/28/2016

 Below you will find the 52 week performance, and the Year-to-Date (YTD) performance to the selected indexes.  See Table IV.  Index “projected” Highs and Lows and Table 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 %c20160727
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 7/27 down  @  18,472.17   -1.58  (-0.01%)
:: Closed   (above 7/27 PP)  (below 7/28 PP)
  •   :: Pivot point (PP)   18481.83
  •   Support (s1)  18421.28       Support (s2)   18370.38
  •   Resistance (r1)   18532.73   Resistance (r2)   18593.28
  •   Simple Moving Average (Close 50):    17941.49       (uptrend)
  •   52 week performance  +4.78%  YTD performance  +6.01%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 7/27 up  @     5,139.81  +29.76  (+0.58%)
:: Closed   (above 7/27 PP)  (above 7/28 PP)
  •   :: Pivot point (PP)  5137.18
  •   Support (s1)   5123.29      Support (s2)  5106.78
  •   Resistance (r1)  5153.69    Resistance (r2)  5167.58
  •   Simple Moving Average (Close 50):  4904.84          (uptrend)
  •   52 week performance  +0.55%   YTD performance  +2.64%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/27 down  @   2,166.58   -2.60  (-0.12%)
:: Closed   (below 7/27 PP)  (below 7/28 PP)
  •   :: Pivot point (PP)  2166.88
  •   Support (s1)  2158.77        Support (s2)  2150.97
  •   Resistance (r1)  2174.68     Resistance (r2)  2182.79
  •   Simple Moving Average (Close 50):  2103.36         (uptrend)
  •   52 week performance  +2.75%  YTD performance  +6.00%
rui-rua-rut %c20160727
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 7/27 down  @  1,199.79   -1.87  (-0.16%)
:: Closed   (below 7/27 PP)  (below 7/28 PP)
  •   :: Pivot point (PP)   1200.10
  •   Support (s1)  1195.64      Support (s2)  1191.48
  •   Resistance (r1)  1204.26   Resistance (r2)  1208.72
  •   Simple Moving Average (Close 50):  1164.13          (uptrend)
  •   52 week performance  +2.86%  YTD performance  +6.00%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 7/27 up  @  1218.01   +2.07  (+0.17%)
:: Closed   (above 7/27 PP)  (above 7/28 PP)
  •   :: Pivot point (PP)  1214.25
  •   Support (s1)   1213.75      Support (s2)   1208.58
  •   Resistance (r1)  1223.18    Resistance (r2)  1227.44
  •   Simple Moving Average (Close 50):  1161.33          (uptrend)
  •   52 week performance  -0.46%   YTD performance   +7.31%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 7/27 down   @  1,279.61   -1.68  (-0.13%)
:: Closed   (below 7/27 PP)  (below 7/28 PP)
  •   :: Pivot point (PP)   1279.74
  •   Support (s1)   1275.12     Support (s2)  1270.64
  •   Resistance (r1)  1284.22   Resistance (r2)  1288.84
  •   Simple Moving Average (Close 50):   1238.98          (uptrend)
  •   52 week performance   +1.80%    YTD performance  +6.09%
tnx %c20160727
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 7/27 down  @   15.15   -0.48  (-3.07%)
:: Closed   (below 7/27 PP)  (below 7/28 PP)
  •   :: Pivot point (PP)    15.32
  •   Support (s1)    14.94      Support (s2)  14.73
  •   Resistance (r1)  15.53     Resistance (r2)  15.91
  •   Simple Moving Average (Close 50):  16.32          (downtrend)
  •   Simple Moving Average (Close 200)  19.29          (downtrend)
  •   :: Close (141 days) above/below (+/-) sma200  (-4.141) pts., or (-21.467%)
  •   :: 52 week performance  -33.52%   YTD performance -33.23%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 7/27 down   @  12.83  -0.220 (-1.686)
:: Closed  (below 7/27 PP)  (below 7/28 PP)
  •   :: Pivot point (PP)    13.02
  •   Support (s1)    12.31      Support (s2)   11.78
  •   Resistance (r1)  13.55     Resistance (r2)  14.26
  •   Simple Moving Average (Close 50):  15.55         (downtrend)
  •   :: 52 week performance   +5.77%   YTD performance  -29.54%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Thursday, 7/28/2016
  • Index,  :: Projected High,  Projected Low
  •   DJI Avg   …. 18507.28  …  18395.83
  •   Nasdaq …….  5145.44  …   5115.04
  •   S&P 500 ……  2170.78  …   2154.87
  •   Russell 1000 .  1202.18  …   1193.56
  •   Russell 2000 .  1225.31  …   1215.88
  •   Russell 3000 .  1281.98  …   1272.88
  •   CBOE TNX ……   15.43  …     14.84
  •   Volatility …    13.91  …     12.67
 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)   1204.57 c+    995.55 ..  (1069.65)  c+*
  • Rus 2k (RUT)   1244.98 ..    943.10 ..  (1135.89)  n/c
  • Rus 3k (RUA)   1284.35 c+   1056.45 ..  (1206.10)  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 Thursday, 7/28/2016  help your investing and trading planning today …

Advertisements

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