Index Support and Resistance for Thursday (9/1/2016)

   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.
         ————————————
Index chart 201605131

 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 )
  •   ——————————————-
  • 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)

For both Bulls and Bears:

current XLE quote (Reuters) and more

Related previous XLE analysis:

  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.
  • –   –           –   –   –   –           –   –   –   –
  • –   –   –   –           –   –   –   –

 

     –   –   –   –           –   –   –   –

 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.
     –   –   –   –           –   –   –   –
( 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)
  •   :: 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)
  •   :: 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)
  •   :: 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)
  •   :: 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)
  •   :: 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)
  •   :: 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)
  •   :: 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)
  •   :: 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  ——

Hope the above Index Support and Resistance calculations for Thursday, 9/1/2016  help your investing and trading planning today …

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