Index Support and Resistance for Friday (8/26/2016)

 

August 26

 

Speech – Chair Janet L. Yellen
The Federal Reserve’s Monetary Policy Toolkit
At the Federal Reserve Bank of Kansas City Economic Symposium: Designing Resilient Monetary Policy Frameworks for the Future,Jackson Hole, Wyoming
10:00 a.m. ET

This is what the CBOE (TNX) 15.77 +0.18 (+1.15%) did Thursday with the Nervous Nellies worried about what Ms. J. Yellen might say during her 10:00 AM Speech tomorrow.
….  from my Section IV. Index “projected” Highs and Lows for Thursday, 8/25/2016

  • Index, :: Projected High, Projected Low
  • CBOE TNX …… 15.78 … 15.52

and the actual high was 15.83 … before closing at 15.77.
and the actual low was 15.54 versus my projected low of 15.52 ….

I’m working on my projections for tomorrow … including the FED factor …

 

=========================================================

The above was yesterday for those FED watchers worried about today’s trading ….

  Looking at yesterday’s trading in stocks of the US Composite Index 1322 shares advanced yesterday compared to 882 that declined, while 47 stocks closed unchanged
  Below you will find the Index Support and Resistance for Friday, 8/26/2016 as calculated from the changes in Index points through Thursday, 8/25/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
Index chart 20160825

 I.   Index performance Thursday, 8/25/2016

  • Dow Jones    18,448.41  -33.07  (-0.18%)    (chart: blue)
  • Nasdaq …       5,212.20   -5.49  (-0.11%)    (chart: gold)
  • S&P 500  …    2,172.47   -2.97  (-0.14%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,868.03  -50.62  (-0.64%)
  • Rus 1k (RUI)  1,203.91   -1.21  (-0.10%)
  • Rus 2k (RUT)  1,240.00   +2.75  (+0.22%)
  • Rus 3k (RUA)  1,285.33   -0.98  (-0.08%)
  • CBOE (TNX)       15.77   +0.18  (+1.15%)
  • Volatility(VIX)  13.63   +0.18  (+1.34%)
 I. a. Select stocks of interest, from Thursday, 8/25/2016
  • AAPL … 107.57  -0.46 (-0.43%)   After Hours: 107.59 +0.02 (+0.02%)
  • C ……  46.72  +0.06 (+0.13%)   After Hours:  46.80 +0.08 (+0.17%)
  • CHK ….   6.33  +0.07 (+1.12%)   After Hours:   6.33 +0.00 (+0.00%)
  • DHT ….   4.51  -0.21 (-4.45%)   After Hours:   4.51 +0.00 (+0.00%)
  • FH …..   2.10  +0.03 (+1.45%)
  • GE …..  31.21  -0.01 (-0.03%)   After Hours:  31.25 +0.04 (+0.13%)
  • JCP ….   9.97  +0.14 (+1.42%)   After Hours:   9.96 -0.01 (-0.10%)
  • MPC ….  41.90  -0.07 (-0.17%)   After Hours:  41.90 -0.00 (-0.00%)
  • MU …..  16.20  +0.69 (+4.45%)   After Hours:  16.30 +0.10 (+0.62%)
  • VZ …..  52.75  +0.22 (+0.42%)   After Hours:  52.75 +0.00 (+0.00%)
  •      select ETFs …
  • DIA …  184.38  -0.24 (-0.13%)   After Hours: 184.57 +0.19 (+0.10%)
  • QQQ …  116.61  -0.19 (-0.16%)   After Hours: 116.67 +0.06 (+0.05%)
  • SPY …  217.66  -0.22 (-0.10%)   After Hours: 217.90 +0.24 (+0.11%)
  • GLD …  126.23  -0.09 (-0.07%)   After Hours: 126.19 -0.04 (-0.03%)
  • SLV ….  17.63  +0.01 (+0.06%)   After Hours:  17.63 +0.00 (+0.00%)
  • IWD …  106.13  +0.04 (+0.04%)
  • IWF …  104.57  -0.21 (-0.20%)
  • IWM …  123.32  +0.29 (+0.24%)   After Hours: 123.47 +0.15 (+0.12%)
  • IWV …  128.67  -0.01 (-0.01%)
I. b. Sector summary from Thursday, 8/25/2016
 
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials …………………… +0.61% 
  • Non-Cyclical Cons. Goods ……… +0.18% 
  • Financials ………………………….. +0.17%  
  • Technology ………………………… +0.12% 
  • Telecommunications Srvcs …….. +0.06% 
  • Utilities …………………………….. +0.04% 
  • Industrials …………………………. +0.03%  
  • Energy ……………………….. -0.13%
  • Cyclical Cons. Goods ……… -0.41% 
  • Healthcare ………………….. -0.57% 

 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 8/25/2016

  II. a.  USA  Bonds
  • 3 Month  0.32%  +0.02 (+6.67%)
  • 6 Month  0.44%  +0.00 (+0.00%)
  •   2 Year  0.79%  +0.02 (+2.60%)
  •   5 Year  1.17%  +0.01 (+0.86%)
  • 10 Year  1.58%  +0.00 (+0.00%)
  • 30 Year  2.26%  +0.01 (+0.44%)
II. b.  Currencies
  • AUD/USD .. 0.7629  +0.0004 (+0.06%)
  • EUR/USD .. 1.1288  +0.0002 (+0.01%)
  • GBP/USD .. 1.3206  +0.0013 (+0.10%)
  • USD/CAD .. 1.2911  -0.0005 (-0.04%)
  • USD/CNY .. 6.6660  +0.0071 (+0.11%)
  • USD/HKD .. 7.7549  -0.0002 (+0.00%)
  • USD/JPY  100.4730  -0.0905 (-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)
    Note:     Chairperson Ms. J. Yellen will be speaking Friday.    See above. 
 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 Friday, 8/26/2016

 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 8/25 down  @  18,448.41  -33.07  (-0.18%)
:: Closed   (below 8/25 PP)  (below 8/26 PP)
  •   :: Pivot point (PP)   18459.18
  •   Support (s1)  18420.69       Support (s2)   18392.96
  •   Resistance (r1)   18486.91   Resistance (r2)   18525.40
  •   Simple Moving Average (Close 50):    18257.39       (uptrend)
  •   52 week performance  +13.28%  YTD performance  +5.87%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 8/25 down  @    5,212.20   -5.49  (-0.11%)
:: Closed   (below 8/25 PP)  (below 8/26 PP)
  •   :: Pivot point (PP)  5214.81
  •   Support (s1)   5199.03      Support (s2) 5185.86
  •   Resistance (r1)  5227.98    Resistance (r2)  5243.76
  •   Simple Moving Average (Close 50):  5045.40          (uptrend)
  •   52 week performance  +8.30%   YTD performance  +4.09%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 8/25 down  @   2,172.47   -2.97  (-0.14%)
:: Closed   (below 8/25 PP)  (below 8/26 PP)
  •   :: Pivot point (PP)  2173.74
  •   Support (s1)  2168.47        Support (s2)  2164.48
  •   Resistance (r1)  2177.73     Resistance (r2)  2183.00
  •   Simple Moving Average (Close 50):  2142.55         (uptrend)
  •   52 week performance  +9.30%   YTD performance  +6.29%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI)  (ETF: IWD)
Closed 8/25 down  @  1,203.91   -1.21  (-0.10%)
:: Closed   (below 8/25 PP)  (below 8/26 PP)
  •   :: Pivot point (PP)   1204.59
  •   Support (s1)  1201.63      Support (s2)  1199.35
  •   Resistance (r1)  1206.87   Resistance (r2)  1209.83
  •   Simple Moving Average (Close 50):  1186.09          (uptrend)
  •   52 week performance  +11.29%   YTD performance  +6.36%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 8/25 up  @  1,240.00   +2.75  (+0.22%)
:: Closed  (below 8/25 PP)  (above 8/26 PP)
  •   :: Pivot point (PP)  1239.24
  •   Support (s1)   1235.17      Support (s2)   1230.35
  •   Resistance (r1)  1244.06    Resistance (r2)  1248.13
  •   Simple Moving Average (Close 50):  1195.80          (uptrend)
  •   52 week performance  +9.52%    YTD performance   +9.17%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 8/25 down   @  1,285.33   -0.98  (-0.08%)
:: Closed   (below 8/25 PP)  (below 8/26 PP)
  •   :: Pivot point (PP)   1285.98
  •   Support (s1)   1282.80     Support (s2)  1280.27
  •   Resistance (r1)  1288.51   Resistance (r2)  1291.69
  •   Simple Moving Average (Close 50):   1263.45          (uptrend)
  •   52 week performance   +8.32%    YTD performance  +6.57%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 8/25 up  @   15.77   +0.18  (+1.15%)
:: Closed   (above 8/25 PP)  (above 8/26 PP)
  •   :: Pivot point (PP)    15.71
  •   Support (s1)    15.60      Support (s2)  15.42
  •   Resistance (r1)  15.89     Resistance (r2)  16.00
  •   Simple Moving Average (Close 50):  15.36          (downtrend)
  •   Simple Moving Average (Close 200)  18.71          (downtrend)
  •   :: Close (162 days) above/below (+/-) sma200  (-2.937) pts., or (-15.701%)
  •   :: 52 week performance  -27.26%   YTD performance  -30.50%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 8/25 up  @  13.63   +0.18  (+1.34%)
:: Closed  (above 8/25 PP)  (below 8/26 PP)
  •   :: Pivot point (PP)    13.67
  •   Support (s1)    13.25      Support (s2)   12.87
  •   Resistance (r1)  14.05     Resistance (r2)  14.47
  •   Simple Moving Average (Close 50):  14.09         (downtrend)
  •   :: 52 week performance   -47.68%   YTD performance  -25.15%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Friday, 8/26/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18473.05  …  18406.83
  •   Nasdaq……..  5235.87  …   5206.92
  •   S&P 500 ……  2175.74  …   2166.48
  •   Russell 1000 .  1205.73  …   1200.49
  •   Russell 2000 .  1246.10  …   1237.21
  •   Russell 3000 .  1287.25  …   1281.54
  •   CBOE TNX ……   15.95  …     15.66
  •   Volatility …    14.26  …     13.46
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • DJI Avg   ..  18668.44 ..  15450.56 .. (17425.03)  n/c
  • Nasdaq …..   5275.74 ..   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)   1251.33 ..    943.10 ..  (1135.89)  n/c
  • Rus 3k (RUA)   1297.26 ..   1056.45 ..  (1206.10)  n/c
  • CBOE (TNX) ….. 23.77 …    13.36 …   (22.69)  n/c
  • Volatility(VIX)  33.82 …    11.02 …   (18.21)  n/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 Friday, 8/26/2016  help your investing and trading planning today …

 

 

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