Index Support and Resistance for Tuesday, 8/23/2016

 

  While stocks in the broader market were down slightly, the stocks that were up pushed the Nasdaq (NAS, .IXIC) and the Russell 2000 Index (.RUT) to a positive GREEN close.  The Nasdaq Comp (INDEX NASDAQ: .IXIC), the S&P 500 (INDEX SP: .INX), the Russell 1000 (INDEX RUSSELL: RUI), the Russell 2000 (INDEX RUSSELL: RUT), and the Russell 3000 (INDEX RUSSELL: RUA) all closed above their projected Pivot Points for BOTH Monday and Today.   Even on an arguably down day, looking at a sea of RED, what Mr. and Ms. Fickle Markets are ACTUALLY doing, PROs and CONs, Bullish and/or Bearish, in relation to the projections “suggests” higher stock and indices prices … not lower.   If you look at the intraday percentage change daily chart below, you can see when the Bulls were winning, and when the Bears were winning ….

   Higher Highs and Higher Lows: 

 The Russell 2000 (RUT, .RUT) posted a new year to date (YTD) high for its LOW at 1232.00.
       Statistics.  
   Below you will find the Index Support and Resistance for Tuesday, 8/23/2016 as calculated from the changes in Index points through Monday, 8/22/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
Index chart 20160822

 I.    Index performance Monday, 8/22/2016

  • Dow Jones    18,529.42  -23.15  (-0.12%)    (chart: blue)
  • Nasdaq        5,244.60   +6.23  (+0.12%)    (chart: gold)
  • S&P 500       2,182.64   -1.23  (-0.06%)    (chart:  red)
  •   ——————————————-
  • DJ Trans Avg  7,894.77  -35.58  (-0.45%)
  • Rus 1k (RUI)  1,209.11   -0.39  (-0.03%)
  • Rus 2k (RUT)  1,239.74   +2.97  (+0.24%)
  • Rus 3k (RUA)  1,290.44   -0.15  (-0.01%)
  • CBOE (TNX)       15.39   -0.39  (-2.47%)
  • Volatility(VIX)  12.27   +0.93  (+8.20%)
 I. a. Select stocks of interest, from Monday, 8/22/2016
  • AAPL …  108.51  -0.85 (-0.78%)   After Hours: 108.28 -0.23 (-0.21%)
  • C ……   46.66  +0.13 (+0.28%)   After Hours:  46.62 -0.04 (-0.09%)
  • CHK ….    6.09  +0.00 (+0.00%)   After Hours:   6.06 -0.03 (-0.49%)
  • DHT ….    5.04  -0.15 (-2.89%)   After Hours:   5.02 -0.02 (-0.40%)
  • FH …..    2.06  -0.05 (-2.37%)
  • GE …..   31.32  +0.07 (+0.22%)   After Hours:  31.28 -0.04 (-0.13%)
  • JCP ….   10.10  -0.15 (-1.46%)   After Hours:   9.98 -0.12 (-1.19%)
  • MPC ….   41.10  -0.91 (-2.17%)   After Hours:  41.10 +0.00 (+0.00%)
  • MU …..   16.19  -0.06 (-0.37%)   After Hours:  16.24 +0.05 (+0.31%)
  • VZ …..   52.55  +0.10 (+0.19%)   After Hours:  52.40 -0.15 (-0.29%)
  •      select ETFs …
  • DIA …   185.12  -0.20 (-0.11%)   After Hours: 185.17 +0.05 (+0.03%)
  • QQQ …   117.35  +0.09 (+0.08%)   After Hours: 117.31 -0.04 (-0.03%)
  • SPY …   218.51  -0.05 (-0.02%)   After Hours: 218.47 -0.04 (-0.02%)
  • GLD …   127.78  -0.19 (-0.15%)   After Hours: 127.72 -0.06 (-0.05%)
  • SLV ….   17.97  -0.38 (-2.07%)   After Hours:  17.97 +0.00 (+0.00%)
  • IWD …   106.36  -0.09 (-0.08%)
  • IWF …   105.23  +0.17 (+0.16%)   After Hours: 105.28 +0.05 (+0.05%)
  • IWM …   123.22  +0.28 (+0.23%)   After Hours: 123.15 -0.07 (-0.06%)
  • IWV …   129.01  +0.00 (+0.00%)
 I. b. Sector summary from Monday, 8/22/2016
Sector Change +/-% (best (or least worst) to worst)
  • Healthcare …………………… +0.39%
  • Non-Cyclical Cons. Goods ………. +0.31%
  • Utilities ……………………. +0.01%
  • Financials ……………….. -0.01%
  • Cyclical Cons. Goods ………. -0.06%
  • Industrials ………………. -0.08%
  • Telecommunications Srvcs …… -0.09%
  • Basic Materials …………… -0.17%
  • Technology ……………….. -0.17%
  • Energy …………………… -1.11%
  • Real Estate .. ( 8/31/2016 ) …………. * tbd *
  • The Eleventh Sector for 2016: Real Estate
          ————————————
                                        ——

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 8/22/2016

  II. a.  USA  Bonds
  • 3 Month  0.28%  -0.01 (-3.45%)
  • 6 Month  0.44%  +0.00 (+0.00%)
  •  2 Year  0.74%  +0.00 (+0.00%)
  •  5 Year  1.13%  -0.01 (-0.88%)
  • 10 Year  1.54%  -0.01 (-0.65%)
  • 30 Year  2.23%  -0.02 (-0.89%)
  II. b.  Currencies
  • AUD/USD .. 0.7632  +0.0002 (+0.02%)
  • EUR/USD .. 1.1330  +0.0012 (+0.10%)
  • GBP/USD .. 1.3138  +0.0005 (+0.04%)
  • USD/CAD .. 1.2926  -0.0015 (-0.12%)
  • USD/CNY .. 6.6484  -0.0008 (-0.01%)
  • USD/HKD .. 7.7536  -0.0001 (+0.00%)
  • USD/JPY  100.3175  +0.0875 (+0.09%)
 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)
    Chairperson Ms. J. Yellen will be speaking Friday.  
 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, 8/23/2016

 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.
     –   –   –   –           –   –   –   –
( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
Closed 8/22 down  @  18,529.42  -23.15  (-0.12%)
:: Closed   (below 8/22 PP)  (above 8/23 PP)
  •   :: Pivot point (PP)   18522.40
  •   Support (s1)  18473.88       Support (s2)   18418.34
  •   Resistance (r1)   18577.94   Resistance (r2)   18626.46
  •   Simple Moving Average (Close 50):    18208.80       (uptrend)
  •   52 week performance  +12.57%  YTD performance  +6.34%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 8/22 up  @    5,244.60   +6.23  (+0.12%)
:: Closed   (above 8/22 PP)  (above 8/23 PP)
  •   :: Pivot point (PP)  5240.45
  •   Support (s1)   5228.78      Support (s2) 5212.95
  •   Resistance (r1)  5256.28    Resistance (r2)  5267.95
  •   Simple Moving Average (Close 50):  5022.14          (uptrend)
  •   52 week performance  +15.87%   YTD performance  +4.74%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 8/22 down  @   2,182.64   -1.23  (-0.06%)
:: Closed   (above 8/22 PP)  (above 8/23 PP)
  •   :: Pivot point (PP)  2181.25
  •   Support (s1)  2177.35        Support (s2)  2171.46
  •   Resistance (r1)  2186.54     Resistance (r2)  2190.44
  •   Simple Moving Average (Close 50):  2136.37         (uptrend)
  •   52 week performance  +15.29%   YTD performance  +6.79%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 8/22 down  @  1,209.11   -0.39  (-0.03%)
:: Closed   (above 8/22 PP)  (above 8/23 PP)
  •   :: Pivot point (PP)   1208.20
  •   Support (s1)  1206.22      Support (s2)  1203.33
  •   Resistance (r1)  1211.09   Resistance (r2)  1213.07
  •   Simple Moving Average (Close 50):  1182.61          (uptrend)
  •   52 week performance  +9.94%   YTD performance  +6.82%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 8/22 up  @  1,239.74   +2.97  (+0.24%)
:: Closed  (above 8/22 PP)  (above 8/23 PP)
  •   :: Pivot point (PP)  1237.16
  •   Support (s1)   1234.58      Support (s2)   1229.42
  •   Resistance (r1)  1242.32    Resistance (r2)  1244.90
  •   Simple Moving Average (Close 50):  1190.24          (uptrend)
  •   52 week performance  +7.17%    YTD performance   +9.14%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 8/22 down   @  1,290.59  -1.68 (-0.13%)
:: Closed   (above 8/22 PP)  (above 8/23 PP)
  •   :: Pivot point (PP)   1289.32
  •   Support (s1)   1287.22     Support (s2)  1284.00
  •   Resistance (r1)  1292.54   Resistance (r2)  1294.64
  •   Simple Moving Average (Close 50):   1259.70          (uptrend)
  •   52 week performance   +15.65%    YTD performance  +6.99%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 8/22 down  @   15.39   -0.39  (-2.47%)
:: Closed   (below 8/22 PP)  (below 8/23 PP)
  •   :: Pivot point (PP)    15.48
  •   Support (s1)    15.27      Support (s2)  15.14
  •   Resistance (r1)  15.61     Resistance (r2)  15.82
  •   Simple Moving Average (Close 50):  15.39          (downtrend)
  •   Simple Moving Average (Close 200)  18.81          (downtrend)
  •   :: Close (159 days) above/below (+/-) sma200  (-3.424) pts., or (-18.197%)
  •   :: 52 week performance  -22.93%   YTD performance  -32.17%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 8/22 up  @  12.27   +0.93  (+8.20%)
:: Closed  (above 8/22 PP)  (below 8/23 PP)
  •   :: Pivot point (PP)    12.41
  •   Support (s1)    11.80      Support (s2)   11.33
  •   Resistance (r1)  12.88     Resistance (r2)  13.49
  •   Simple Moving Average (Close 50):  14.51         (downtrend)
  •   :: 52 week performance   -65.94%   YTD performance  -32.62%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Tuesday, 8/23/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18550.17  …  18446.11
  •   Nasdaq……..  5262.12  …   5234.62
  •   S&P 500 ……  2188.49  …   2179.30
  •   Russell 1000 .  1209.65  …   1204.78
  •   Russell 2000 .  1243.61  …   1235.87
  •   Russell 3000 .  1293.59  …   1288.27
  •   CBOE TNX ……   15.55  …     15.21
  •   Volatility …    12.65  …     11.57
 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)  38.06 c-.    11.02 …   (18.21)  c-*
  •    —     —     —     —     —     —
  •   n/c* =no change  c-* =changed lower  c+* =changed higher

-–  Monday, 8/22/2016   thru    Friday 8/26/2016  ——

 

Hope the above Index Support and Resistance calculations for Tuesday, 8/23/2016  help your investing and trading planning today …

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2 thoughts on “Index Support and Resistance for Tuesday, 8/23/2016

  1. A rate hike is coming, we know it’s coming. Insurance companies need higher rates. Banks need higher rates … or they have no reason to put the 2.4 TRILLION dollars in excess reserves on deposit at the FED to work in the US economy. The FED hasn’t helped by requiring banks to set aside reserves for the reserves on deposit at the FED … including the excess reserves. That money is NOT out helping the US economy to grow …
    Retirees NEED higher rates. More importantly, the US Treasury has been raiding Social Security for cash and substituting US T-bills. The current Social Security system is in trouble if it doesn’t get a better RETURN on the monies people ARE paying in for our retirement. So, The FED needs to raise rates and as long as the US Treasury is raiding Social Security … hampering SSI from getting a better return some place, any place else, to provide for OUR FUTURE, … then the FED needs to raise rates SOON.

    Like

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