Tomorrow, we get the jobs report. The markets’ reluctance to commit to securities this week “suggests” Mr. & Ms. Fickle Markets have cash burning a hole in their pockets … ready to ignite the next leg up … No, not DJIA 38000 points … but, you may have missed the way more cautious “projections”, targets, and more … here:
Below you will find the Index Support and Resistance for Thursday, 9/1/2016 as calculated from the changes in Index points through Wednesday, 8/31/2016’s close. See below for Section IV. Index “projected” Highs and Lows for today’s day and date.
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I. Index performance Wednesday, 8/31/2016
- Dow Jones 18,400.88 -53.42 (-0.29%) (chart: blue)
- Nasdaq 5,213.22 -9.77 (-0.19%) (chart: gold)
- S&P 500 2,170.95 -5.17 (-0.24%) (chart: red )
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- DJ Trans Avg 7,878.69 -31.43 (-0.40%)
- Rus 1k (RUI) 1,203.05 -2.85 (-0.24%)
- Rus 2k (RUT) 1,239.91 -6.12 (-0.49%)
- Rus 3k (RUA) 1,284.48 -3.30 (-0.26%)
- CBOE (TNX) 15.68 -0.02 (-0.13%)
- Volatility(VIX) 13.22 +0.10 (+0.76%)
I. a. Select stocks of interest, from Wednesday, 8/31/2016
- AAPL … 106.10 +0.10 (+0.09%) Pre-market: 106.33 +0.23 (0.22%)
- C …… 47.74 -0.16 (-0.33%) Pre-market: 47.85 +0.11 (0.23%)
- CHK …. 6.35 -0.16 (-2.46%) After Hours: 6.36 +0.01 (0.16%)
- DHT …. 4.31 -0.17 (-3.79%) After Hours: 4.39 +0.08 (1.86%)
- FH ….. 2.05 +0.02 (+0.99%)
- GE ….. 31.24 -0.13 (-0.41%) After Hours: 31.21 -0.03 (-0.10%)
- JCP …. 9.43 -0.24 (-2.48%) After Hours: 9.43 +0.00 (+0.00%)
- MPC …. 42.51 -0.17 (-0.40%) After Hours: 42.51 +0.00 (+0.00%)
- MU ….. 16.49 -0.25 (-1.49%) After Hours: 16.50 +0.01 (+0.06%)
- VZ ….. 52.33 +0.06 (+0.11%) After Hours: 52.33 0.00 (0.00%)
- select ETFs …
- DIA … 183.94 -0.57 (-0.31%) Pre-market: 184.23 +0.29 (0.16%)
- QQQ … 116.44 -0.12 (-0.10%) Pre-market: 116.81 +0.37 (0.32%)
- SPY … 217.44 -0.54 (-0.25%) Pre-market: 217.92 +0.48 (0.22%)
- GLD … 124.78 -0.25 (-0.20%) Pre-market: 124.58 -0.20 (-0.16%)
- SLV …. 17.72 +0.05 (+0.28%) Pre-market: 17.70 -0.02 (-0.11%)
- IWD … 106.39 -0.30 (-0.28%)
- IWF … 104.18 -0.20 (-0.19%) After Hours: 104.29 +0.11 (0.11%)
- IWM … 123.22 -0.73 (-0.59%) Pre-market: 123.86 +0.64 (0.52%)
- IWV … 128.44 -0.37 (-0.29%)
I. b. Sector summary from Wednesday, 8/31/2016
Sector Change +/-% (best (or least worst) to worst)
- Utilities ……………………………… +0.23%
- Non-Cyclical Cons. Goods ………. +0.23%
- Financials …………………………… +0.14%
- Technology ……………………… -0.22%
- Cyclical Cons. Goods ………….. -0.22%
- Healthcare ………………………. -0.41%
- Telecommunications Srvcs ….. -0.41%
- Industrials ………………….. -0.42%
- Basic Materials ………….. -1.22%
- Energy ………………….. -1.37%
- Real Estate .. ( 8/31/2016 ) …………. * tbd *
- The Eleventh Sector for 2016: Real Estate
II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 8/31/2016
II. a. USA Bonds
- 3 Month 0.29% -0.01 (-3.33%)
- 6 Month 0.45% -0.01 (-2.17%)
- 2 Year 0.80% +0.01 (1.27%)
- 5 Year 1.19% +0.01 (0.85%)
- 10 Year 1.58% +0.01 (0.64%)
- 30 Year 2.23% -0.01 (-0.45%)
II. b. Currencies
- AUD/USD 0.7534 +0.0016 (0.21%)
- EUR/USD 1.1141 -0.0018 (-0.16%)
- GBP/USD 1.3249 +0.0117 (0.89%)
- USD/CAD 1.3115 +0.0004 (0.03%)
- USD/CNY 6.6797 +0.0010 (0.02%)
- USD/HKD 7.7566 +0.0002 (0.00%)
- USD/JPY 103.5750 +0.2670 (0.26%)
II. c. US Energy Information Administration (US EIA)
- Weekly Supply Estimates
- This Week in Petroleum
- Crude oil storage and capacity have increased in Cushing, Oklahoma and U.S. Gulf Coast
For both Bulls and Bears:
current XLE quote (Reuters) and more
Related previous XLE analysis:
- SELECT SECTOR SPDR ENERGY FUND (XLE) (d-w-m) (p2)
- SELECT SECTOR SPDR ENERGY FUND (XLE) d/w/m
- – – – – – – – – – – –
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.
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III. Index Support and Resistance for Thursday, 9/1/2016
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.
:: 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 8/26 down @ 18,400.88 -53.42 (-0.29%)
:: Closed (below 8/31 PP) (above 9/1 PP)
Closed 8/26 down @ 18,400.88 -53.42 (-0.29%)
:: Closed (below 8/31 PP) (above 9/1 PP)
- :: Pivot point (PP) 18391.37
- Support (s1) 18343.07 Support (s2) 18285.25
- Resistance (r1) 18449.19 Resistance (r2) 18497.49
- Simple Moving Average (Close 50): 18311.60 (uptrend)
- 52 week performance +14.59% YTD performance +5.60%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 8/31 down @ 5,213.22 -9.77 (-0.19%)
:: Closed (below 8/31 PP) (above 9/1 PP)
Closed 8/31 down @ 5,213.22 -9.77 (-0.19%)
:: Closed (below 8/31 PP) (above 9/1 PP)
- :: Pivot point (PP) 5208.10
- Support (s1) 5196.30 Support (s2) 5179.39
- Resistance (r1) 5225.01 Resistance (r2) 5236.81
- Simple Moving Average (Close 50): 5076.62 (uptrend)
- 52 week performance +9.75% YTD performance +4.11%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 8/31 down @ 2,170.95 -5.17 (-0.24%)
:: Closed (below 8/31 PP) (above 9/1 PP)
Closed 8/31 down @ 2,170.95 -5.17 (-0.24%)
:: Closed (below 8/31 PP) (above 9/1 PP)
- :: Pivot point (PP) 2168.70
- Support (s1) 2163.60 Support (s2) 2156.26
- Resistance (r1) 2176.04 Resistance (r2) 2181.14
- Simple Moving Average (Close 50): 2150.05 (uptrend)
- 52 week performance +11.40% YTD performance +6.21%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 8/31 down @ 1,203.05 -2.85 (-0.24%)
:: Closed (below 8/31 PP) (above 9/1 PP)
Closed 8/31 down @ 1,203.05 -2.85 (-0.24%)
:: Closed (below 8/31 PP) (above 9/1 PP)
- :: Pivot point (PP) 1202.02
- Support (s1) 1198.68 Support (s2) 1194.32
- Resistance (r1) 1206.38 Resistance (r2) 1209.72
- Simple Moving Average (Close 50): 1190.30 (uptrend)
- 52 week performance +12.60% YTD performance +6.29%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 8/31 down @ 1,239.91 -6.12 (-0.49%)
:: Closed (below 8/31 PP) (above 9/1 PP)
Closed 8/31 down @ 1,239.91 -6.12 (-0.49%)
:: Closed (below 8/31 PP) (above 9/1 PP)
- :: Pivot point (PP) 1239.56
- Support (s1) 1233.47 Support (s2) 1227.04
- Resistance (r1) 1245.99 Resistance (r2) 1252.08
- Simple Moving Average (Close 50): 1203.09 (uptrend)
- 52 week performance +9.92% YTD performance +9.16%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 8/31 down @ 1,284.48 -3.30 (-0.26%)
:: Closed (below 8/31 PP) (above 9/1 PP)
Closed 8/31 down @ 1,284.48 -3.30 (-0.26%)
:: Closed (below 8/31 PP) (above 9/1 PP)
- :: Pivot point (PP) 1283.32
- Support (s1) 1279.77 Support (s2) 1275.07
- Resistance (r1) 1288.02 Resistance (r2) 1291.57
- Simple Moving Average (Close 50): 1268.41 (uptrend)
- 52 week performance +10.27% YTD performance +6.50%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 8/31 down @ 15.68 –0.02 (-0.13%)
:: Closed (below 8/31 PP) (below 9/1 PP)
Closed 8/31 down @ 15.68 –0.02 (-0.13%)
:: Closed (below 8/31 PP) (below 9/1 PP)
- :: Pivot point (PP) 15.68
- Support (s1) 15.54 Support (s2) 15.39
- Resistance (r1) 15.83 Resistance (r2) 15.97
- Simple Moving Average (Close 50): 15.32 (downtrend)
- Simple Moving Average (Close 200) 18.56 (downtrend)
- :: Close (166 days) above/below (+/-) sma200 (-2.878) pts., or (-15.510%)
- :: 52 week performance -28.50% YTD performance -30.89%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 8/31 up @ 13.22 +0.10 (+0.76%)
:: Closed (above 8/31 PP) (below 9/1 PP)
Closed 8/31 up @ 13.22 +0.10 (+0.76%)
:: Closed (above 8/31 PP) (below 9/1 PP)
- :: Pivot point (PP) 13.58
- Support (s1) 12.81 Support (s2) 12.21
- Resistance (r1) 14.18 Resistance (r2) 14.95
- Simple Moving Average (Close 50): 13.60 (downtrend)
- :: 52 week performance -47.60% YTD performance -26.30%
- – – – – – – – –
IV. Index “projected” Highs and Lows for Thursday, 9/1/2016
- Index, :: Projected High, Projected Low
- Dow Jones …. 18420.28 … 18314.16
- Nasdaq…….. 5216.56 … 5187.85
- S&P 500 …… 2172.37 … 2159.93
- Russell 1000 . 1204.20 … 1196.50
- Russell 2000 . 1242.78 … 1230.26
- Russell 3000 . 1285.67 … 1277.42
- CBOE TNX …… 15.76 … 15.47
- Volatility … 14.57 … 13.20
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 ——
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- Thoughts on Brexit
- U. S. government Overseas Assassination 101
- The Cowardly Bombings in Brussels
- SPDR DJ INDUSTRIAL AVERAGE ETF (DIA) July 2016 (d-w-m)
- The Eleventh Sector for 2016: Real Estate
- Index Support and Resistance for Monday, 8/8/2016
- Index Support and Resistance for Tuesday, 8/9/2016
- Index Support and Resistance for Wednesday, 8/10/2016
- Index Support and Resistance for Thursday, 8/11/2016
- Index Support and Resistance for Friday, 8/12/2016
- Index Support and Resistance for Monday, 8/15/2016
- Index Support and Resistance for Tuesday, 8/16/2016
- Index Support and Resistance for Wednesday, 8/17/2016
- Correction, pullback, or Bear Market? Part 3
- Correction, pullback, or Bear Market? Part 2
- Correction, pullback, or Bear Market? Part 1
( x) All Links can be opened in a new tab or new window …
- ( xi ) I will be returning and adding more related chart info including links to charts with daily, weekly, and monthly (d-w-m) chart analysis
Please read:
(1) Research and Investing Disclaimer
- Chesapeake Energy Corp (NYSE: CHK)
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Hope the above Index Support and Resistance calculations for Thursday, 9/1/2016 help your investing and trading planning today …