Index Support and Resistance for Monday (8/29/2016)

 

  See also:   FedSpeak Review 8/26/2016

           ———————————-
  Below you will find the Index Support and Resistance for Monday, 8/29/2016 as calculated from the changes in Index points through Friday, 8/26/2016’s close.  See  below for Section IV. Index “projected” Highs and Lows for Monday, 8/29/2016.

Index chart 20160826
 I.   Index performance Friday, 8/26/2016

  • DJ Indu Avg  18,395.40  -53.01  (-0.29%)    (chart: blue)
  • Nasdaq        5,218.92   +6.71  (+0.13%)    (chart: gold)
  • S&P 500       2,169.04   -3.43  (-0.16%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,824.54  -43.49  (-0.55%)
  • Rus 1k (RUI)  1,201.74   -2.17  (-0.18%)
  • Rus 2k (RUT)  1,238.03   -1.97  (-0.16%)
  • Rus 3k (RUA)  1,283.03   -2.30  (-0.18%)
  • CBOE (TNX)       16.35   +0.58  (+3.68%)
  • Volatility(VIX)  13.65   +0.02  (+0.15%)
 I. a. Select stocks of interest, from Friday, 8/26/2016
  • AAPL … 106.94  -0.63 (-0.59%)
  • C ……  47.11  +0.37 (+0.79%)
  • CHK ….   6.40  +0.08 (+1.19%)
  • DHT …… 4.44  -0.07 (-1.66%)
  • FH …..   2.04  -0.06 (-2.86%)
  • GE …..  31.23  +0.01 (+0.03%)
  • JCP ….   9.89  -0.08 (-0.80%)
  • MPC ….  41.85  -0.05 (-0.11%)
  • MU …..  16.51  +0.31 (+1.91%)
  • VZ …..  52.07  -0.69 (-1.31%)
  •      select ETFs …
  • DIA …  183.80  -0.58 (-0.31%)
  • QQQ …  116.78  +0.17 (+0.15%)
  • SPY …  217.28  -0.38 (-0.17%)
  • GLD …  126.05  -0.18 (-0.14%)
  • SLV ….  17.72  +0.09 (+0.51%)
  • IWD …  105.86  -0.27 (-0.25%)
  • IWF …  104.41  -0.16 (-0.15%)
  • IWM …  123.06  -0.26 (-0.21%)
  • IWV …  128.32  -0.35 (-0.27%)
 I. b. Sector summary from Friday, 8/26/2016
Sector Change +/-% (best (or least worst) to worst)
  • Healthcare ……………………………… +0.29% 
  • Technology …………………………….. +0.12% 
  • Financials ………………………… -0.08%
  • Energy …………………………….. -0.09%
  • Non-Cyclical Cons. Goods ……. -0.09%  
  • Industrials ……………………….. -0.24%
  • Cyclical Cons. Goods …………… -0.53%  
  • Basic Materials ………………….. -0.68%
  • Telecommunications Srvcs …… -0.86% 
  • Utilities ……………………………. -1.61%
  • Real Estate .. ( 8/31/2016 ) …………. * tbd *
  • The Eleventh Sector for 2016: Real Estate
              ————————————
                                            ——

 II. Bonds, and/or Currencies, and/or Commodities from Friday, 8/26/2016

  II. a.  USA  Bonds
  • 3 Month  0.31%  +0.01 (+3.33%)
  • 6 Month  0.45%  +0.02 (+4.65%)
  •  2 Year  0.84%  +0.06 (+7.69%)
  •  5 Year  1.24%  +0.08 (+6.90%)
  • 10 Year  1.63%  +0.07 (+4.49%)
  • 30 Year  2.28%  +0.05 (+2.24%)
  II. b.  Currencies
  • AUD/USD .. 0.7563  0.0000 (0.00%)
  • EUR/USD .. 1.1196  0.0000 (0.00%)
  • GBP/USD .. 1.3134  0.0000 (0.00%)
  • USD/CAD .. 1.3006  0.0000 (0.00%)
  • USD/CNY .. 6.6744  0.0000 (0.00%)
  • USD/HKD .. 7.7572  0.0000 (0.00%)
  • USD/JPY  101.8000  0.0000 (0.00%)
 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 Monday, 8/29/2016

 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 %c20160826d
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 %c20160826d
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 8/26 down  @  18,395.40  -53.01  (-0.29%)
:: Closed   (below 8/26 PP)  (below 8/29 PP)
  •   :: Pivot point (PP)   18434.28
  •   Support (s1)  18296.46       Support (s2)   18197.53
  •   Resistance (r1)   18533.21   Resistance (r2)   18671.03
  •   Simple Moving Average (Close 50):    18270.64       (uptrend)
  •   52 week performance  +10.45%  YTD performance  +5.57%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 8/26 up  @    5,218.92   +6.71  (+0.13%)
:: Closed   (above 8/26 PP)  (below 8/29 PP)
  •   :: Pivot point (PP)  5221.39
  •   Support (s1)   5189.39      Support (s2) 5159.86
  •   Resistance (r1)  5250.92    Resistance (r2)  5282.92
  •   Simple Moving Average (Close 50):  5052.88          (uptrend)
  •   52 week performance  +8.09%   YTD performance  +4.22%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 8/26 down  @   2,169.04   -3.43  (-0.16%)
:: Closed  (below 8/26 PP)  (below 8/29 PP)
  •   :: Pivot point (PP)  2172.46
  •   Support (s1)  2156.97        Support (s2)  2144.91
  •   Resistance (r1)  2184.52     Resistance (r2)  2200.01
  •   Simple Moving Average (Close 50):  2144.37         (uptrend)
  •   52 week performance  +9.06%  YTD performance  +6.12%
rui-rua-rut %c20160826d
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 8/26 down  @  1,201.74   -2.17  (-0.18%)
:: Closed   (below 8/26 PP)  (below 8/29 PP)
  •   :: Pivot point (PP)   1203.57
  •   Support (s1)  1195.06      Support (s2)  1188.38
  •   Resistance (r1)  1210.25   Resistance (r2)  1218.76
  •   Simple Moving Average (Close 50):  1187.12          (uptrend)
  •   52 week performance  +8.43%   YTD performance  +6.17%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 8/26 down  @  1,238.03   -1.97  (-0.16%)
:: Closed  (below 8/26 PP)  (below 8/29 PP)
  •   :: Pivot point (PP)  1239.79
  •   Support (s1)   1229.41      Support (s2)   1220.78
  •   Resistance (r1)  1248.42    Resistance (r2)  1258.80
  •   Simple Moving Average (Close 50):  1197.60          (uptrend)
  •   52 week performance  +7.32%    YTD performance   +8.99%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 8/26 down   @  1,283.03   -2.30  (-0.18%)
:: Closed   (below 8/26 PP)  (below 8/29 PP)
  •   :: Pivot point (PP)   1284.94
  •   Support (s1)   1275.83     Support (s2)  1268.62
  •   Resistance (r1)  1292.15   Resistance (r2)  1301.26
  •   Simple Moving Average (Close 50):   1264.76          (uptrend)
  •   52 week performance   +9.00%    YTD performance  +6.38%
tnx %c20160826d
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 8/26 up  @   16.35   +0.58  (+3.68%)
:: Closed   (above 8/26 PP)  (above 8/29 PP)
  •   :: Pivot point (PP)    16.00
  •   Support (s1)    15.66      Support (s2)  14.96
  •   Resistance (r1)  16.70     Resistance (r2)  17.04
  •   Simple Moving Average (Close 50):  15.35          (downtrend)
  •   Simple Moving Average (Close 200)  18.67          (downtrend)
  •   :: Close (163 days) above/below (+/-) sma200  (-2.320) pts., or (-12.428%)
  •   :: 52 week performance  -25.21%   YTD performance  -27.94%
vix %c20160826d
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 8/26 up  @  13.65   +0.02  (+0.15%)
:: Closed  (below 8/26 PP)  (above 8/29 PP)
  •   :: Pivot point (PP)    13.57
  •   Support (s1)    12.21      Support (s2)   10.77
  •   Resistance (r1)  15.01     Resistance (r2)  16.37
  •   Simple Moving Average (Close 50):  13.98         (downtrend)
  •   :: 52 week performance   -51.99%   YTD performance  -25.04%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Monday, 8/29/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18483.75  …  18247.00
  •   Nasdaq……..  5236.16  …   5174.63
  •   S&P 500 ……  2178.49  …   2150.94
  •   Russell 1000 .  1206.91  …   1191.72
  •   Russell 2000 .  1244.11  …   1225.10
  •   Russell 3000 .  1288.55  …   1272.23
  •   CBOE TNX ……   16.87  …     15.83
  •   Volatility …    15.69  …     12.89
 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, 8/29/2016   thru    Friday 9/2/2016  ——

Hope the above Index Support and Resistance calculations for Monday, 8/29/2016  help your investing and trading planning today …

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