Index Support and Resistance for Friday (9/2/2016)

 

 All this week trading has been about the FED and the “jobs report” to be released 8:30 AM ET.  To view the US Department of Labor “jobs” report for yourself in various formats, including downloadable PDF … check it out here:
US Department of Labor
Bureau of Labor Statistics       http://www.bls.gov/
Payroll employment increases by 151,000 in August; unemployment rate unchanged at 4.9%
Total nonfarm payroll employment increased by 151,000 in August, and the unemployment rate remained at 4.9 percent. Employment continued to trend up in several service-providing industries.
         ————————————
  •   09/01/2016
  • Productivity declines 0.6% in 2nd quarter 2016 (annual rate); unit labor costs rise 4.3%
  •   08/31/2016
  • July jobless rates down over the year in 279 of 387 metro areas; payroll jobs up in 331
  •   08/30/2016
  • Average expenditures in 2015 are $55,978, a 4.6% increase from 2014 levels
  •   08/25/2016
  • From 2013-15, 3.2 million workers were displaced from jobs held for at least 3 years
         ————————————
  Below you will find the Index Support and Resistance for Friday, 8/12/2016 as calculated from the changes in Index points through Thursday, 9/1/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————

Index chart 20160901

 I.   Index performance Thursday, 9/1/2016

  • Dow Jones    18,419.30  +18.42  (+0.10%)    (chart: blue)
  • Nasdaq        5,227.21  +13.99  (+0.27%)    (chart: gold)
  • S&P 500       2,170.86   -0.09  (-0.00%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,917.56  +38.87  (+0.49%)
  • Rus 1k (RUI)  1,203.30   +0.25  (+0.02%)
  • Rus 2k (RUT)  1,239.80   -0.10  (-0.01%)
  • Rus 3k (RUA)  1,284.72   +0.24  (+0.02%)
  • CBOE (TNX)       15.70   +0.02  (+0.13%)
  • Volatility(VIX)  13.48   +0.06  (+0.45%)
 I. a. Select stocks of interest, from Thursday, 9/1/2016
  • AAPL … 106.73  +0.63 (+0.59%)   After Hours: 106.74 +0.01 (+0.01%)
  • C ……  47.36  -0.36 (-0.75%)   After Hours:  47.27 -0.09 (-0.19%)
  • CHK ….   6.25  -0.10 (-1.57%)   After Hours:   6.25 +0.00 (+0.00%)
  • DHT ….   4.08  -0.23 (-5.34%)   After Hours:   4.15 +0.07 (+1.72%)
  • FH …..   2.07  +0.02 (+0.98%)
  • GE …..  31.20  -0.04 (-0.13%)   After Hours:  31.18 -0.02 (-0.06%)
  • JCP ….   9.44  +0.01 (+0.11%)   After Hours:   9.47 +0.03 (+0.32%)
  • MPC ….  41.91  -0.60 (-1.41%)   After Hours:  41.62 -0.29 (-0.69%)
  • MU …..  16.64  +0.15 (+0.91%)   After Hours:  16.68 +0.04 (+0.24%)
  • VZ …..  52.56  +0.23 (+0.44%)   After Hours:  52.41 -0.15 (-0.29%)
  •      select ETFs …
  • DIA …  184.10  +0.16 (+0.09%)   After Hours: 184.02 -0.08 (-0.04%)
  • QQQ …  116.74  +0.30 (+0.26%)   After Hours: 116.62 -0.12 (-0.10%)
  • SPY …  217.37  -0.07 (-0.03%)   After Hours: 217.27 -0.10 (-0.05%)
  • GLD …  125.29  +0.51 (+0.41%)   After Hours: 125.35 +0.06 (+0.05%)
  • SLV ….  17.94  +0.22 (+1.24%)   After Hours:  18.00 +0.06 (+0.33%)
  • IWD …  106.27  -0.12 (-0.11%)   After Hours: 106.26 -0.01 (-0.01%)
  • IWF …  104.35  +0.17 (+0.16%)   After Hours: 104.17 -0.18 (-0.17%)
  • IWM …  123.33  +0.11 (+0.09%)   After Hours: 123.15 -0.18 (-0.15%)
  • IWV …  128.45  +0.01 (+0.01%)
 I. b. Sector summary from Thursday, 9/1/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials ……………….. +0.82%
  • Non-Cyclical Cons. Goods ……….. +0.46%
  • Technology ……………………. +0.41%
  • Cyclical Cons. Goods …………… +0.29%
  • Telecommunications Srvcs ……….. +0.27%
  • Industrials …………………… +0.21%
  • Financials ………………… -0.06%
  • Energy ……………………. -0.24%
  • Healthcare ………………… -0.24%
  • Utilities …………………. -0.25%
 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 9/1/2016
  II. a.  USA  Bonds
  • 3 Month  0.30%  +0.01 (+3.45%)
  • 6 Month  0.45%  +0.00 (+0.00%)
  •  2 Year  0.78%  -0.03 (-3.70%)
  •  5 Year  1.18%  -0.04 (-3.28%)
  • 10 Year  1.57%  -0.04 (-2.48%)
  • 30 Year  2.23%  -0.04 (-1.76%)
  II. b.  Currencies
  • AUD/USD .. 0.7555  +0.0004 (+0.05%)
  • EUR/USD .. 1.1198  -0.0001 (-0.01%)
  • GBP/USD .. 1.3281  +0.0006 (+0.05%)
  • USD/CAD .. 1.3092  -0.0002 (-0.02%)
  • USD/CNY .. 6.6798  +0.0114 (+0.17%)
  • USD/HKD .. 7.7570  -0.0005 (-0.01%)
  • USD/JPY  103.3665  +0.1040 (+0.10%)
 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, 9/2/2016

 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 9/1 up  @  18,419.30  +18.42  (+0.10%)
:: Closed   (above 9/1 PP)  (above 9/2 PP)
  •   :: Pivot point (PP)   18381.61
  •   Support (s1)  18333.17       Support (s2)   18247.04
  •   Resistance (r1)   18467.74   Resistance (r2)   18516.18
  •   Simple Moving Average (Close 50):    18324.37       (uptrend)
  •   52 week performance  +12.65%  YTD performance  +5.71%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/1 up  @    5,227.21  +13.99  (+0.27%)
:: Closed   (above 9/1 PP)  (above 9/2 PP)
  •   :: Pivot point (PP)  5215.50
  •   Support (s1)   5201.07      Support (s2)  5174.92
  •   Resistance (r1)  5241.65    Resistance (r2)  5256.08
  •   Simple Moving Average (Close 50):  5084.50          (uptrend)
  •   52 week performance  +10.43%   YTD performance  +4.39%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/1 down  @   2,170.86   -0.09  (-0.00%)
:: Closed  (above 9/1 PP)  (above 9/2 PP)
  •   :: Pivot point (PP)  2167.17
  •   Support (s1)  2160.78        Support (s2)  2150.70
  •   Resistance (r1)  2177.25     Resistance (r2)  2183.64
  •   Simple Moving Average (Close 50):  2151.76         (uptrend)
  •   52 week performance  +11.26%  YTD performance  +6.21%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/1 up  @  1,203.30   +0.25  (+0.02%)
:: Closed   (above 9/1 PP)  (above 9/2 PP)
  •   :: Pivot point (PP)   1201.22
  •   Support (s1)  1197.71      Support (s2)  1192.13
  •   Resistance (r1)  1206.80   Resistance (r2)  1210.31
  •   Simple Moving Average (Close 50):  1191.27          (uptrend)
  •   52 week performance  +10.64%   YTD performance  +6.31%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/1 down  @  1,239.80   -0.10  (-0.01%)
:: Closed  (above 9/1 PP)  (above 9/2 PP)
  •   :: Pivot point (PP)  1236.89
  •   Support (s1)   1231.69      Support (s2)   1223.58
  •   Resistance (r1)  1245.00    Resistance (r2)  1250.20
  •   Simple Moving Average (Close 50):  1204.91          (uptrend)
  •   52 week performance  +8.18%    YTD performance   +9.15%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/1 up   @  1,284.72   +0.24  (+0.02%)
:: Closed   (above 9/1 PP)  (above 9/2 PP)
  •   :: Pivot point (PP)   1282.42
  •   Support (s1)   1278.58     Support (s2)  1272.43
  •   Resistance (r1)  1288.57   Resistance (r2)  1292.41
  •   Simple Moving Average (Close 50):   1269.46          (uptrend)
  •   52 week performance   +11.89%    YTD performance  +6.52%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/1 up  @   15.70   +0.02  (+0.13%)
:: Closed   (above 9/1 PP)  (below 9/2 PP)
  •   :: Pivot point (PP)    15.82
  •   Support (s1)    15.44      Support (s2)  15.19
  •   Resistance (r1)  16.07     Resistance (r2)  16.45
  •   Simple Moving Average (Close 50):  15.30          (downtrend)
  •   Simple Moving Average (Close 200)  18.52          (downtrend)
  •   :: Close (167 days) above/below (+/-) sma200  (-2.824) pts., or (-15.245%)
  •   :: 52 week performance  -27.58%   YTD performance  -30.81%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/1 up  @  13.48   +0.06  (+0.45%)
:: Closed  ((below 9/1 PP)  (below 9/2 PP)
  •   :: Pivot point (PP)    13.69
  •   Support (s1)    12.78      Support (s2)   12.07
  •   Resistance (r1)  14.40     Resistance (r2)  15.31
  •   Simple Moving Average (Close 50):  13.52         (downtrend)
  •   :: 52 week performance   -51.51%   YTD performance  -25.97%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Friday, 9/2/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18491.96  …  18357.39
  •   Nasdaq……..  5248.87  …   5208.29
  •   S&P 500 ……  2172.21  …   2155.74
  •   Russell 1000 .  1208.56  …   1199.47
  •   Russell 2000 .  1240.95  …   1227.64
  •   Russell 3000 .  1290.49  …   1280.50
  •   CBOE TNX ……   15.95  …     15.32
  •   Volatility …    14.86  …     13.24
 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)  32.09 …    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 Friday, 9/2/2016  help your investing and trading planning today …

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