Index Support and Resistance for Tuesday, 8/16/2016

 

  Soros Fund Management LLC, disclosed in a SEC 13F regulatory filing that, as of 30 June 2016, it had increased its bet against the S&P 500, and now holds (as of 6/30/2016) put options  four million and four thousand (4004000) shares on the SPDR S&P 500 ETF (SPY) exchange-traded fund (ETF) that tracks the S&P 500 Index.  That reported total is up from previously reported “puts” on 2.1 million ETF shares as of March 31.  Here is the line item:
SPDR S&P 500 ETF TR TR UNIT 78462F103 838,958 4,004,000 SH Put SOLE 1 4,004,000 0 0
  So, ” if ” Mr. Soros is still holding those puts ??
    The SPY has ranged from a 6/30/2016 low of 206.56 to Tuesday’s (8/16/2016) high of 218.68 before SPY cut Mr. Soros some slack and closed at 217.96.    Close to close the SPY is up 8.48 points, or 4.05%.
  •   6/30/2016 207.21 209.54 206.56 209.48  165021948
  •   8/16/2016  218.60  218.68  217.96  217.96  53213621
  Look back at my blogs in June.  If I did trade options, and I do NOT, would I be buying calls or puts … and since we’re all working from the SAME numbers … Mr. Soros calculations, and the projections … should have told him “puts” were a BAD BET! 
                  ———————–
  Speaking of options, this Friday is third (3rd) Friday of the month options expiry.
   more to follow …

  Higher highs and higher lows suggest the upward trend will continue ….

  •   On Monday, the DJIA (DJIA, .DJI) posted new year to date (YTD) highs for the High, Low and Close, also posting a new 52 week High at 18668.44.
  •   On Monday, the Nasdaq Comp (NAS, .IXIC) posted new YTD highs for the Open, High, Low and Close, (O-H-L-C) also posting a new 52 week High at 5271.36.
  •   On Monday, the S&P 500 (SPX, .INX) posted new YTD highs for the Open, High, Low and Close, (O-H-L-C) also posting a new 52 week High at 2193.81.
  •   On Monday, the Russell 1000 (.RUI) posted new YTD highs for the High, Low and Close, also posting a new 52 week High at 1215.50.
  •    Check out Sections IV. and V. below.
  •          more to follow …
  Below you will find the Index Support and Resistance for Tuesday, 8/16/2016 as calculated from the changes in Index points through Monday, 8/8/2016’s close.    See  Section IV. Index “projected” Highs and Lows for Tuesday, 8/16/2016 below for today’s trading action.
         ————————————
Index chart 20160815

 I.   Index performance Monday, 8/15/2016

  • Dow Jones    18,636.05  +59.58  (+0.32%)    (chart: blue)
  • Nasdaq  …     5,262.02  +29.12  (+0.56%)    (chart: gold)
  • S&P 500  …    2,190.15    +6.10  (+0.28%)    (chart:  red)
  •   ——————————————-
  • DJ Trans Avg  7,852.56  +45.38  (+0.58%)
  • Rus 1k (RUI)      1,213.55    +3.92  (+0.32%)
  • Rus 2k (RUT)   1,241.86  +12.04  (+0.98%)
  • Rus 3k (RUA)  1,294.99    +4.82  (+0.37%)
  • CBOE (TNX)           15.53    +0.38  (+2.51%)
  • Volatility(VIX)      11.81    +0.26  (+2.25%)
 I. a. Select stocks of interest, from Monday, 8/15/2016
  • AAPL …  109.48  +1.30 (+1.20%)   After Hours: 109.97 +0.49 (+0.45%)
  • C ……   46.39  +0.81 (+1.78%)   After Hours:  46.33 -0.06 (-0.13%)
  • CHK ….    5.50  +0.48 (+9.56%)   After Hours:   5.46 -0.04 (-0.73%)
  • DHT ….    5.35  +0.21 (+4.09%)   After Hours:   5.37 +0.02 (+0.37%)
  • FH …..    2.09  +0.01 (+0.48%)
  • GE …..   31.24   0.00 (+0.00%)   After Hours:  31.21 -0.03 (-0.10%)
  • JCP ….   11.29  +0.74 (+7.01%)   After Hours:  11.25 -0.04 (-0.35%)
  • MPC ….   41.21  -0.14 (-0.34%)   After Hours:  41.20 -0.01 (-0.02%)
  • MU …..   15.53  +0.60 (+4.02%)   After Hours:  15.68 +0.15 (+0.97%)
  • VZ …..   53.61  -0.04 (-0.07%)   After Hours:  53.69 +0.08 (+0.15%)
  •      select ETFs …
  • DIA ….  186.51  +0.61 (+0.33%)   After Hours: 186.45 -0.06 (-0.03%)
  • QQQ ….  117.70  +0.50 (+0.43%)   After Hours: 117.69 -0.01 (-0.01%)
  • SPY ….  219.09  +0.68 (+0.31%)   After Hours: 218.99 -0.10 (-0.05%)
  • GLD ….  127.84  +0.44 (+0.35%)   After Hours: 128.00 +0.16 (0.13%)
  • SLV …..  18.83  +0.11 (+0.59%)   After Hours: 18.83 0.00 (0.00%)
  • IWD ….  106.52  +0.43 (+0.41%)
  • IWF ….  105.68  +0.35 (+0.33%)
  • IWM ….  123.38  +1.19 (+0.97%)
  • IWV ….  129.48  +0.55 (+0.43%)
 I. b. Sector summary from Monday, 8/15/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials ………………… +1.05% 
  • Energy …………………………… +0.79%  
  • Industrials ……………………… +0.62% 
  • Financials ………………………. +0.60%  
  • Technology …………………….. +0.52%
  • Cyclical Cons. Goods …………. +0.36% 
  • Non-Cyclical Cons. Goods ….. +0.33% 
  • Healthcare ……………………… +0.22% 
  • Telecommunications Srvcs ….. +0.11% 
  • Utilities ……………………. -0.97%
  • Real Estate .. ( 8/31/2016 ) …………. * tbd *
  • The Eleventh Sector for 2016: Real Estate
              ————————————
                                            ——

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 8/15/2016

  II. a.  USA  Bonds
  • 3 Month  0.28%  +0.01 (+3.70%)
  • 6 Month  0.43%  +0.02 (+4.88%)
  •  2 Year  0.73%  +0.02 (+2.82%)
  •  5 Year  1.13%  +0.02 (+1.80%)
  • 10 Year  1.56%  +0.02 (+1.30%)
  • 30 Year  2.28%  +0.03 (+1.33%)
  II. b.  Currencies
  • AUD/USD .. 0.7683  +0.0006 (0.08%)
  • EUR/USD .. 1.1195  +0.0013 (0.12%)
  • GBP/USD .. 1.2906  +0.0026 (0.21%)
  • USD/CAD .. 1.2913  -0.0016 (-0.12%)
  • USD/CNY .. 6.6329  -0.0040 (-0.06%)
  • USD/HKD .. 7.7563  +0.0000 (0.00%)
  • USD/JPY  100.5135  -0.7315 (-0.72%)
 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 2016  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 Tuesday, 8/16/2016

 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 Tuesday, 8/16/2016.  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 8/15 up  @  18,636.05  +59.58  (+0.32%)
:: Closed  (above 8/15 PP)  (above 8/16 PP)
  •   :: Pivot point (PP)   18631.03
  •   Support (s1)  18593.61       Support (s2)   18551.18
  •   Resistance (r1)   18673.46   Resistance (r2)   18710.88
  •   Simple Moving Average (Close 50):    18146.97       (uptrend)
  •   52 week performance  +6.63%  YTD performance  +6.95%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 8/15 up  @    5,262.02  +29.12  (+0.56%)
:: Closed   (above 8/15 PP)  (above 8/16 PP)
  •   :: Pivot point (PP)  5258.17
  •   Support (s1)   5244.99      Support (s2) 5227.95
  •   Resistance (r1)  5275.21    Resistance (r2)  5288.39
  •   Simple Moving Average (Close 50):  4993.73          (uptrend)
  •   52 week performance  +3.35%   YTD performance  +5.08%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 8/15 up  @   2,190.15   +6.10  (+0.28%)
:: Closed   (above 8/15 PP)  (above 8/16 PP)
  •   :: Pivot point (PP)  2190.01
  •   Support (s1)  2186.22        Support (s2)  2182.28
  •   Resistance (r1)  2193.95     Resistance (r2)  2197.74
  •   Simple Moving Average (Close 50):  2129.14         (uptrend)
  •   52 week performance  +4.17%  YTD performance  +7.15%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 8/15 up  @  1,213.55   +3.92  (+0.32%)
:: Closed   (above 8/15 PP)  (above 8/16 PP)
  •   :: Pivot point (PP)   1212.99
  •   Support (s1)  1210.48      Support (s2)  1207.41
  •   Resistance (r1)  1216.06   Resistance (r2)  1218.57
  •   Simple Moving Average (Close 50):  1178.64          (uptrend)
  •   52 week performance  +4.02%   YTD performance  +7.22%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 8/15 up  @  1,241.86  +12.04  (+0.98%)
:: Closed  (above 8/15 PP)  (above 8/16 PP)
  •   :: Pivot point (PP)  1238.74
  •   Support (s1)   1233.65      Support (s2)   1225.44
  •   Resistance (r1)  1246.95    Resistance (r2)  1252.04
  •   Simple Moving Average (Close 50):  1184.62          (uptrend)
  •   52 week performance  +2.41%    YTD performance   +9.33%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 8/15 up   @  1,294.99   +4.82  (+0.37%)
:: Closed   (above 8/15 PP)  (above 8/16 PP)
  •   :: Pivot point (PP)   1294.29
  •   Support (s1)   1291.55     Support (s2)  1288.12
  •   Resistance (r1)  1297.72   Resistance (r2)  1300.46
  •   Simple Moving Average (Close 50):   1255.35          (uptrend)
  •   52 week performance   +3.60%    YTD performance  +7.37%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 8/15 up  @   15.53   +0.38  (+2.51%)
:: Closed   (above 8/15 PP)  (above 8/16 PP)
  •   :: Pivot point (PP)    15.43
  •   Support (s1)    15.29      Support (s2)  15.06
  •   Resistance (r1)  15.66     Resistance (r2)  15.80
  •   Simple Moving Average (Close 50):  15.54          (downtrend)
  •   Simple Moving Average (Close 200)  18.96          (downtrend)
  •   :: Close (154 days) above/below (+/-) sma200  (-3.432) pts., or (-18.098%)
  •   :: 52 week performance  -27.77%   YTD performance  -31.56%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 8/15 up  @  11.81   +0.26  (+2.25%)
:: Closed  (above 8/15 PP)  (below 8/16 PP)
  •   :: Pivot point (PP)    11.85
  •   Support (s1)    11.54      Support (s2)   11.26
  •   Resistance (r1)  12.13     Resistance (r2)  12.44
  •   Simple Moving Average (Close 50):  14.94         (downtrend)
  •   :: 52 week performance   -14.36%   YTD performance  -35.15%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Tuesday, 8/16/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18692.17  …  18612.32
  •   Nasdaq……..  5281.80  …   5251.58
  •   S&P 500 ……  2195.85  …   2188.12
  •   Russell 1000 .  1217.32  …   1211.74
  •   Russell 2000 .  1249.50  …   1236.20
  •   Russell 3000 .  1299.09  …   1292.92
  •   CBOE TNX ……   15.73  …     15.36
  •   Volatility …    12.11  …     11.52
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • DJI Avg   ..  18668.44 +*  15370.33 .. (17425.03)  c+*
  • Nasdaq …..   5271.36 +*   4209.76 ..  (5007.41)  c+*
  • S&P 500 ….   2193.81 +*   1810.10 ..  (2043.94)  c+*
  •   ——————————————-
  • Rus 1k (RUI)   1215.50 +*    995.55 ..  (1069.65)  c+*
  • Rus 2k (RUT)   1243.83 +*    943.10 ..  (1135.89)  c+*
  • Rus 3k (RUA)   1297.02 +*   1056.45 ..  (1206.10)  c+*
  • CBOE (TNX) ….. 23.77 …    13.36 …   (22.69)  n/c
  • Volatility(VIX)  53.29 …    11.02 …   (18.21)  n/c
  •    —     —     —     —     —     —
  •   n/c* =no change  c-* =changed lower  c+* =changed higher

-–  Monday, 8/15/2016   thru    Friday 8/19/2016  ——

 

Hope the above Index Support and Resistance calculations for Tuesday, 8/16/2016  help your investing and trading planning today …

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