Index Support and Resistance for Thursday, 8/18/2016

 

  The Fed, in fact ALL Central Banks, need help from their respective governments to put the unemployed we no longer count back to work …. and more
Central Banks (CBs) are feeding QE addicted markets that turn around and BITE the hand that feeds them by buying the currencies (making them stronger) to undermine the efforts of the QE.  DUH!
All the CBs should abandon negative and zero interest rates and raise rates 0.25 basis points … wait 3-4 months and raise again until the global rates are to at least 1%. Banks NEED higher interest rates.  Insurance companies NEED higher interest rates.  Retirees and consumers NEED higher savings interest rates.  One percent, not only won’t kill the global markets, but as it should get the stalled global economies moving and growing again, Mr. & Ms. Fickle Markets will find the lagging sectors boosting the indices. 
   Once the Central Banks are at 1%, they have options again.  Central Banks will have time to work together on inflation and a counterbalancing interest rate.   The respective governments can help by investing in repairing and rebuilding infrastructures. For global governments, every new employee paying TAXES, is a happier human being able to feed and house their families, pay bills, and save or spend discretionary funds … This represents a 100% return on that government’s investment as monies flow through the local economy.  Every participating government can and will be reporting increased tax revenues … and hopefully use some of those newly minted TAX revenues to pay down debt …

Hot off the press.    Punctuation mark to my comment above:

  •  “Japan’s exports tumbled in July at the fastest pace since
    the global financial crisis with a resurgent yen and weakness in
    overseas economies weighing on overseas shipments – a warning
    that Japan cannot rely on exports to drive growth.”
 For those paying attention, and doing their own homework, Abe (Bank of Japan BOJ) went with QE, But, not enuf QE to satisfy Mr. & Ms. Fickle Markets … SO, to “punish” Abe, in a terrible twos toddler temper tantrum, QE addicted traders BOUGHT the YENselling US dollars … which is bad for Japan, good for the US dollar, and commodities … like gold, silver, et cetera …
                  ———————————
 Pop Quiz:    Now what did I say about gold, and when did I say it?  It’s in my blogs …
                  ———————————
  Below you will find the Index Support and Resistance for Thursday, 8/18/2016 as calculated from the changes in Index points through Wednesday, 8/17/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
                  ———————————
         ————————————
Index chart 20160817

 I.   Index performance Wednesday, 8/17/2016

  • DJ Indu Avg  18,573.94  +21.92  (+0.12%)    (chart: blue)
  • Nasdaq   …     5,228.66     +1.55  (+0.03%)    (chart: gold)
  • S&P 500  …     2,182.22   +4.07  (+0.19%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,882.47  +31.68  (+0.40%)
  • Rus 1k (RUI)     1,208.11   +1.70  (+0.14%)
  • Rus 2k (RUT)   1,227.68   -3.45  (-0.28%)
  • Rus 3k (RUA)   1,288.51   +1.41  (+0.11%)
  • CBOE (TNX)           15.61   -0.15  (-0.95%)
  • Volatility(VIX)      12.19   -0.45  (-3.56%)
 I. a. Select stocks of interest, from Wednesday, 8/17/2016
  • AAPL … 109.22  -0.16 (-0.15%)   After Hours: 109.24 +0.02 (+0.02%)
  • C ……  46.63  +0.01 (+0.02%)   After Hours:  46.65 +0.02 (+0.04%)
  • CHK ….   5.68  -0.23 (-3.89%)   After Hours:   5.64 -0.04 (-0.70%)
  • DHT ….   5.32  -0.06 (-1.12%)   After Hours:   5.40 +0.08 (+1.50%)
  • FH …..   2.17  +0.03 (+1.40%)
  • GE …..  31.29  +0.10 (+0.32%)   After Hours:  31.30 +0.01 (+0.03%)
  • JCP ….  10.75  -0.40 (-3.59%)   After Hours:  10.74 -0.01 (-0.09%)
  • MPC ….  42.21  +0.08 (+0.19%)   After Hours:  42.00 -0.21 (-0.50%)
  • MU …..  15.52  +0.03 (+0.19%)   After Hours:  15.62 +0.10 (+0.64%)
  • VZ …..  53.17  +0.41 (+0.78%)   After Hours:  53.17 +0.00 (+0.00%)
  •      select ETFs …
  • DIA …  186.08  +0.31 (+0.17%)   After Hours: 186.24 +0.16 (+0.09%)
  • QQQ …  117.26  +0.21 (+0.18%)   After Hours: 117.27 +0.01 (+0.01%)
  • SPY …  218.38  +0.42 (+0.19%)   After Hours: 218.42 +0.04 (+0.02%)
  • GLD …  128.51  +0.04 (+0.03%)   After Hours: 129.10 +0.59 (+0.46%)
  • SLV ….  18.68  -0.14 (-0.74%)   After Hours:  18.79 +0.11 (+0.59%)
  • IWD …  106.31  +0.29 (+0.27%)
  • IWF …  105.01  +0.06 (+0.06%)   After Hours: 105.02 +0.01 (+0.01%)
  • IWM …  122.02  -0.38 (-0.31%)   After Hours: 122.11 +0.09 (+0.07%)
  • IWV …  128.82  +0.16 (+0.12%)
 I. b. Sector summary from Wednesday, 8/17/2016
Sector Change +/-% (best (or least worst) to worst)
  • Utilities ……………………. +0.95%
  • Non-Cyclical Cons. Goods ………. +0.70%
  • Financials …………………… +0.29%
  • Industrials ………………….. +0.27%
  • Telecommunications Srvcs ………. +0.15%
  • Healthcare …………………… +0.06%
  • Energy  ……………………… +0.06%
  • Cyclical Cons. Goods ……. -0.12%
  • Basic Materials ………… -0.15% 
  • Technology …………….. -0.19% 
  • Real Estate .. ( 8/31/2016 ) …………. * tbd *
  • The Eleventh Sector for 2016: Real Estate
              ————————————
                                            ——

 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 8/17/2016

  II. a.  USA  Bonds
  • 3 Month  0.29%  +0.01 (+3.57%)
  • 6 Month  0.43%  +0.00 (+0.00%)
  •  2 Year  0.72%  -0.03 (-4.00%)
  •  5 Year  1.13%  -0.04 (-3.42%)
  • 10 Year  1.55%  -0.03 (-1.90%)
  • 30 Year  2.25%  -0.03 (-1.32%)
  II. b.  Currencies
  • AUD/USD .. 0.7706  +0.0045 (+0.58%)
  • EUR/USD .. 1.1313  +0.0016 (+0.14%)
  • GBP/USD .. 1.3071  +0.0028 (+0.22%)
  • USD/CAD .. 1.2822  -0.0024 (-0.18%)
  • USD/CNY .. 6.6220  -0.0124 (-0.19%)
  • USD/HKD .. 7.7543  -0.0001 (+0.00%)
  • USD/JPY . 99.8595  -0.0280 (-0.03%)
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 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 Thursday, 8/18/2016

 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 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.
     –   –   –   –           –   –   –   –
dji-nas-spx %c20160817d
Chart #2  (above, EOD, %change)  The above DJIA, Nasdaq, S&P 500, Daily Index chart reflects the percentage change since the first markets’ correction 8/21/2015.  Note:  EOD= End of Day
dji-djt %c20160817d
Chart #3  (above, EOD, %change)  The above DJIA versus the DJ Transports Average Index (DJT).  This  Daily Index 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 8/17 up  @  18,573.94  +21.92  (+0.12%)
:: Closed  (above 8/17 PP)  (above 8/18 PP)
  •   :: Pivot point (PP)   18541.66
  •   Support (s1)  18500.96       Support (s2)   18427.99
  •   Resistance (r1)   18614.63   Resistance (r2)   18655.33
  •   Simple Moving Average (Close 50):    18172.31       (uptrend)
  •   52 week performance  +6.07%  YTD performance  +6.59%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 8/17 up  @    5,228.66   +1.55  (+0.03%)
:: Closed   (below 8/17 PP)  (above 8/18 PP)
  •   :: Pivot point (PP)  5218.66
  •   Support (s1)   5207.23      Support (s2) 5185.80
  •   Resistance (r1)  5240.09    Resistance (r2)  5251.52
  •   Simple Moving Average (Close 50):  5004.23          (uptrend)
  •   52 week performance  +4.18%    YTD performance  +4.42%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 8/17 up  @   2,182.22   +4.07  (+0.19%)
:: Closed   (below 8/17 PP)  (above 8/18 PP)
  •   :: Pivot point (PP)  2177.93
  •   Support (s1)  2172.79        Support (s2)  2163.35
  •   Resistance (r1)  2187.37     Resistance (r2)  2192.51
  •   Simple Moving Average (Close 50):  2131.91         (uptrend)
  •   52 week performance  +4.93%  YTD performance  +6.77%
rui-rua-rut %c20160817d
Chart #4  (above, EOD, %change)  The above Russell 3000, Russell 2000, Russell 1000, daily Index chart reflects the percentage change since the first markets’ correction 8/21/2015.
         ———————————–
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 8/17 up  @  1,208.11   +1.70  (+0.14%)
:: Closed   (below 8/17 PP)  (above 8/18 PP)
  •   :: Pivot point (PP)   1205.75
  •   Support (s1)  1202.93      Support (s2)  1197.74
  •   Resistance (r1)  1210.94   Resistance (r2)  1213.76
  •   Simple Moving Average (Close 50):  1180.14          (uptrend)
  •   52 week performance  +3.26%   YTD performance  +6.73%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 8/17 down  @  1,227.68   -3.45  (-0.28%)
:: Closed  (below 8/17 PP)  (above 8/18 PP)
  •   :: Pivot point (PP)   1226.79
  •   Support (s1)   1222.61      Support (s2)   1217.53
  •   Resistance (r1)  1231.87    Resistance (r2)  1236.05
  •   Simple Moving Average (Close 50):  1186.66          (uptrend)
  •   52 week performance  +1.05%    YTD performance   +8.08%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 8/17 up   @  1,288.51   +1.41  (+0.11%)
:: Closed   (below 8/17 PP)  (above 8/18 PP)
  •   :: Pivot point (PP)   1286.04
  •   Support (s1)   1283.08     Support (s2)  1277.66
  •   Resistance (r1)  1291.46   Resistance (r2)  1294.42
  •   Simple Moving Average (Close 50):   1257.25          (uptrend)
  •   52 week performance   +6.31%    YTD performance  +6.83%
tnx %c20160817d
Chart #5  (above, EOD, %change)  The above CBOE Interest Rate 10 Year T Note , daily Index 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 8/17 down  @   15.61   -0.15  (-0.95%)
:: Closed   (above 8/17 PP)  (below 8/18 PP)
  •   :: Pivot point (PP)    15.62
  •   Support (s1)    15.36      Support (s2)  15.12
  •   Resistance (r1)  15.86     Resistance (r2)  16.12
  •   Simple Moving Average (Close 50):  15.47          (downtrend)
  •   Simple Moving Average (Close 200)  18.91          (downtrend)
  •   :: Close (156 days) above/below (+/-) sma200  (-3.296) pts., or (-17.436%)
  •   :: 52 week performance  -26.68%   YTD performance  -31.20%
vix %c20160817d
Chart #6  (above, EOD, %change)  The above Volatility S&P500 (INDEX CBOE: VIX), daily Index chart reflects the percentage change since the first markets’ correction 8/21/2015.
                       ————————-
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 8/17 down  @  12.19   -0.45  (-3.56%)
:: Closed  (below 8/17 PP)  (below 8/18 PP)
  •   :: Pivot point (PP)    12.68
  •   Support (s1)    11.65      Support (s2)   11.11
  •   Resistance (r1)  13.22     Resistance (r2)  14.25
  •   Simple Moving Average (Close 50):  14.87         (downtrend)
  •   :: 52 week performance   -36.31%   YTD performance  -33.06%
  •    –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Thursday, 8/18/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18634.98  …  18521.31
  •   Nasdaq……..  5245.81  …   5212.95
  •   S&P 500 ……  2189.94  …   2175.36
  •   Russell 1000 .  1212.35  …   1204.34
  •   Russell 2000 .  1229.33  …   1220.07
  •   Russell 3000 .  1292.94  …   1284.56
  •   CBOE TNX ……   15.74  …     15.24
  •   Volatility …    12.95  …     11.38
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • DJI Avg   ..  18668.44 ..  15370.33 .. (17425.03)  n/c
  • Nasdaq …..   5271.36 ..   4209.76 ..  (5007.41)  n/c
  • S&P 500 ….   2193.81 ..   1810.10 ..  (2043.94)  n/c
  •   ——————————————-
  • Rus 1k (RUI)   1215.50 ..    995.55 ..  (1069.65)  n/c
  • Rus 2k (RUT)   1243.83 ..    943.10 ..  (1135.89)  n/c
  • Rus 3k (RUA)   1297.02 ..   1056.45 ..  (1206.10)  n/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 Thursday, 8/18/2016  help your investing and trading planning today …

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