Index Support and Resistance for Monday, 8/8/2016

 

   Per the US, employers added 255,000 jobs in July, and the government revised upward June’s tally to +292,000 jobs.  The unemployment rate stayed steady at 4.9% as the labor force grew by more than 400,000.  Wages ticked up by 0.3 percentage points, and have risen 2.6% in the past year, the most since 2009.
U.S. stocks rallied strongly Friday, reached, and maintained record high territory after the strong USA jobs report gave previously uncertain investors and traders more confidence that the USA economy is still growing.  The Financial Sector (+1.54%), Cyclical Cons. Goods Sector (+1.22%) and Technology Sector (+1.14%) stocks gained the most while investors and traders sold the safety net  assets they have favored for most of this year.  The Utilities Sector (-0.94%) stocks fared the worst.

By the numbers Friday, 8/5/2016:

The Dow Jones Industrial Average (DJIA, .DJI) gained +191.48 points, or +1 percent, to 18,543.53.  For the week, the DJIA gained +111.29 points, or +0.6 percent.  Year to date (YTD), the DJIA is up +1,118.50 points, or +6.4 percent.

The Standard & Poor’s 500 Index (SPX, .INX) gained +18.62 points, or +0.9 percent, to 2,182.87.  The S&P 500 also posted new Year-to-date (YTD) highs for the High, Low, and Close (O-H-L-C) with Friday’s new 52 week high and close at 2,182.87 points.   For the week, the S&P 500 gained +9.27 points, or +0.4 percent.  Year to date (YTD), the S&P 500 is up +138.93 points, or +6.8 percent.

The Nasdaq Composite (NAS, .IXIC) gained +54.87 points, or +1.1 percent, to 5,221.12.  The Nasdaq also posted new Year-to-date highs for the Open, High, Low, and Close (O-H-L-C) with a new 52 week high of 5227.23 points.   In the past month, the Nasdaq has risen about twice as fast as the DJIA and S&P 500 as technology stocks have outperformed.  For the week, the Nasdaq gained +58.99 points, or +1.1 percent.  Year to date (YTD), the Nasdaq is up +213.71 points, or +4.3 percent.

 The Russell 1000 Index (RUI, .RUI) posted new Year-to-date (YTD) highs for the High, Low, and Close (O-H-L-C) with Friday’s new 52 week high and close at 1208.93 points.

 The Russell 2000 Index (RUT, .RUT) posted new Year-to-date (YTD) highs for the High, Low, and Close (O-H-L-C) with Friday’s new 52 week high at 1232.87 and close at 1231.30 points.

 The Russell 3000 Index (RUA, .RUA) posted new Year-to-date (YTD) highs for the High, Low, and Close (O-H-L-C) with Friday’s new 52 week high and close at 1289.60 points.

Below you will find the Index Support and Resistance for Monday, 8/8/2016 as calculated from the changes in Index points through Friday, 8/5/2016’s close.

  See related:   Index Support and Resistance for Friday, 8/5/2016

   Today, and tomorrow I will be coming back to add additional info and charts …

              ————————

 I.   Index performance Friday, 8/5/2016

• Dow Jones    18,543.53  +191.48  (1.04%)    (chart: blue)
• Nasdaq …       5,221.12   +54.87  (1.06%)    (chart: gold)
• S&P 500  …    2,182.87   +18.62  (0.86%)    (chart: red )
•   ——————————————-
• DJ Trans Avg  7,866.57  +146.56 (+1.90%)
• Rus 1k (RUI)  1,208.93   +9.98 (+0.83%)
• Rus 2k (RUT)  1,231.30  +17.54 (+1.45%)
• Rus 3k (RUA)  1,289.60  +11.23 (+0.88%)
• CBOE (TNX)       15.82  +0.79 (+5.26%)
• Volatility(VIX)  11.39  -1.03 (-8.29%)

 I. a. Select stocks of interest, from Friday, 8/5/2016

• AAPL …  107.48  +1.61 (+1.52%)
• C ……   45.72  +1.88 (+4.29%)
• CHK ….    4.89  -0.24 (-4.68%)
• FH …..    1.99  -0.18 (-8.29%)
• GE …..   31.28  +0.11 (+0.35%)
• JCP ….    9.39  +0.19 (+2.07%)
• MPC ….   41.91  +1.29 (+3.18%)
• MU …..   14.52  +0.49 (+3.49%)
• VZ …..   53.64  -0.29 (-0.54%)
•      select ETFs …
• DIA …  185.26  +1.81 (+0.99%)
• QQQ …  116.78  +1.11 (+0.96%)
• SPY …  218.14  +1.71 (+0.79%)
• GLD …  127.55  -2.32 (-1.79%)
• SLV ….  18.71  -0.64 (-3.31%)
• IWD …  105.95  +1.11 (+1.06%)
• IWF …  105.16  +0.52 (+0.50%)
• IWM …  122.30  +1.74 (+1.44%)
• IWV …  128.78  +1.08 (+0.85%)

 I. b. Sector summary from Friday, 8/5/2016

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

• Financials …………………… +1.54%  
• Cyclical Cons. Goods ………….. +1.22%
• Technology …………………… +1.14%
• Industrials ………………….. +0.98% 
• Energy ………………………. +0.71%
• Non-Cyclical Cons. Goods ………. +0.48% 
• Basic Materials ………………. +0.38%  
• Telecommunications Srvcs ………. +0.13%
• Healthcare ……………….. -0.14% 
• Utilities ………………… -0.94%

 II. Bonds, and/or Currencies, and/or Commodities from Friday, 8/5/2016

  II. a.  USA  Bonds

• 3 Month  0.26%  +0.01  (+4.00%)
• 6 Month  0.43%  +0.02  (+4.88%)
•  2 Year  0.72%  +0.02  (+2.86%)
•  5 Year  1.14%  +0.06  (+5.56%)
• 10 Year  1.59%  +0.05  (+3.25%)
• 30 Year  2.31%  +0.04  (+1.76%)

  II. b.  Currencies

• AUD/USD .. 0.7618  0.0000 (0.00%)
• EUR/USD .. 1.1087  0.0000 (0.00%)
• GBP/USD .. 1.3070  0.0000 (0.00%)
• USD/CAD .. 1.3174  0.0000 (0.00%)
• USD/CNY .. 6.6566  0.0000 (0.00%)
• USD/HKD .. 7.7547  0.0000 (0.00%)
• USD/JPY  101.8200  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

Related previous XLE analysis:

• SELECT SECTOR SPDR ENERGY FUND (XLE) (d-w-m) (p2)
• SELECT SECTOR SPDR ENERGY FUND (XLE) d/w/m
• –      –   –           –   –   –   –           –   –   –   –

  II. e.    Federal Open Market Committee (FOMC)

 Remaining meetings:   ( FOMC  Calendar & info )

• July 26-27                        ( as expected, no rate increase  )
• September 20-21*        ( work in progress )

• 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 Monday, 8/8/2016

 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.

     –   –   –   –           –   –   –   –

( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
Closed 8/5 up  @  18,543.53  +191.48  (1.04%)
:: Closed   (above 8/5 PP)  (above 8/8 PP)

•   :: Pivot point (PP)   18496.62
•   Support (s1)  18449.71       Support (s2)   18355.89
•   Resistance (r1)   18590.44   Resistance (r2)   18637.35
•   Simple Moving Average (Close 50):    18057.77       (uptrend)
•   52 week performance  +6.45%  YTD performance  +6.42%

( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 8/5 up  @    5,221.12   +54.87  (1.06%)
:: Closed   (above 8/5 PP)  (above 8/8 PP)

•   :: Pivot point (PP)  5211.53
•   Support (s1)   5195.84      Support (s2) 5170.55
•   Resistance (r1)  5236.82    Resistance (r2)  5252.51
•   Simple Moving Average (Close 50):  4959.39          (uptrend)
•   52 week performance  +3.52%   YTD performance  +4.27%

( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 8/5 up  @   2,182.87   +18.62  (0.86%)
:: Closed   (above 8/5 PP)  (above 8/8 PP)

•   :: Pivot point (PP)  2178.18
•   Support (s1)  2173.48        Support (s2)  2164.10
•   Resistance (r1)  2187.56     Resistance (r2)  2192.26
•   Simple Moving Average (Close 50):  2118.97         (uptrend)
•   52 week performance  +5.07%  YTD performance  +6.80%

( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 8/5 up  @  1,208.93   +9.98 (0.83%)
:: Closed   (above 8/5 PP)  (above 8/8 PP)

•   :: Pivot point (PP)   1206.01
•   Support (s1)  1203.08      Support (s2)  1197.24
•   Resistance (r1)  1211.85   Resistance (r2)  1214.78
•   Simple Moving Average (Close 50):  1172.96          (uptrend)
•   52 week performance  +4.05%  YTD performance  +6.81%

( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 8/5 up  @  1,231.30  +17.54 (1.45%)
:: Closed   (above 8/5 PP)  (above 8/8 PP)

•   :: Pivot point (PP)  1226.62
•   Support (s1)   1220.38      Support (s2)   1209.45
•   Resistance (r1)  1237.55    Resistance (r2)  1243.79
•   Simple Moving Average (Close 50):  1175.75          (uptrend)
•   52 week performance  +1.27%   YTD performance   +8.40%

( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 8/5 up   @  1,289.60  +11.23 (0.88%)
:: Closed   (above 8/5 PP)  (above 8/8 PP)

•   :: Pivot point (PP)   1286.61
•   Support (s1)   1283.61     Support (s2)  1277.63
•   Resistance (r1)  1292.59   Resistance (r2)  1295.59
•   Simple Moving Average (Close 50):   1248.96          (uptrend)
•   52 week performance   +2.82%    YTD performance  +6.92%

( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 8/5 up  @   15.82  +0.79 (+5.26%)
:: Closed   (above 8/5 PP)  (above 8/8 PP)

•   :: Pivot point (PP)    15.56
•   Support (s1)    15.25      Support (s2)  14.68
•   Resistance (r1)  16.13     Resistance (r2)  16.44
•   Simple Moving Average (Close 50):  15.88          (downtrend)
•   Simple Moving Average (Close 200)  19.11          (downtrend)
•   :: Close (148 days) above/below (+/-) sma200  (-3.290) pts., or (-17.218%)
•   :: 52 week performance  -27.26%   YTD performance  -30.28%

( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 8/5 down  @  11.39  -1.03 (-8.29%)
:: Closed  (below 8/5 PP)  (below 8/8 PP)

•   :: Pivot point (PP)    11.61
•   Support (s1)    10.96      Support (s2)   10.53
•   Resistance (r1)  12.04     Resistance (r2)  12.69
•   Simple Moving Average (Close 50):  15.18         (downtrend)
•   :: 52 week performance   -6.87%   YTD performance  -37.45%
•     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Monday, 8/8/2016

• Index,  :: Projected High,  Projected Low
•   Dow Jones …. 18613.90  …  18473.17
•   Nasdaq……..  5244.67  …   5203.69
•   S&P 500 ……  2189.91  …   2175.83
•   Russell 1000 .  1213.32  …   1204.55
•   Russell 2000 .  1240.67  …   1223.50
•   Russell 3000 .  1294.09  …   1285.11
•   CBOE TNX ……   16.29  …     15.41
•   Volatility …    11.83  …     10.75

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

• DJI Avg   ..  18622.01 ..  15370.33 .. (17425.03)  n/c
• Nasdaq …..   5227.23 c+   4209.76 ..  (5007.41)  c+*
• S&P 500 ….   2182.87 c+   1810.10 ..  (2043.94)  c+*
•   ——————————————-
• Rus 1k (RUI)   1208.93 c+    995.55 ..  (1069.65)  c+*
• Rus 2k (RUT)   1232.87 c-    943.10 ..  (1135.89)  c-*
• Rus 3k (RUA)   1289.60 c+   1056.45 ..  (1206.10)  c+*
• CBOE (TNX) ….. 23.77 …    13.36 …   (22.69)  n/c
• Volatility(VIX)  53.29 …    11.40 …   (18.21)  n/c
•    —     —     —     —     —     —
•   n/c* =no change  c-* =changed lower  c+* =changed higher

-–  Monday, 8/8/2016   thru    Friday 8/12/2016  ——

 

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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, 8/8/2016  help your investing and trading planning today …