Index Support and Resistance for Tuesday (8/30/2016)

  Yesterday, Banks, one of the weakest sectors in the market this year, led stocks higher.  Investors and traders anticipate that the Federal Reserve (FED) could raise interest rates at least once this year.  That could help banks recover from a long slump by making lending more profitable.  Retirees need interest on their savings.   The Insurance industry also needs higher rates.   IMHO, based  my homework, the FED raises rates 1x this year, to make a statement to all the other Central Banks, probably in December 2016,  … and 2x  in 2017.
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On Monday, the Dow Jones Industrial Average (DJIA, .DJI) gained 107.59 points, or 0.6 percent, to 18,502.99.  Year to date (YTD), the DJIA is up 1,077.96 points, or 6.2 percent.
The Standard and Poor’s 500 Index (SPX, .INX) gained 11.34 points, or 0.5 percent, to 2,180.38.  Year to date (YTD), the S&P 500 is up 136.44 points, or 6.7 percent.
The Nasdaq Composite (NAS, .IXIC) gained 13.41 points, or 0.3 percent, to 5,232.33.  Year to date (YTD), the Nasdaq is up 224.92 points, or 4.5 percent.
 Note:  Monday, the Simple Moving Average (Close, sma50) increased +0.01 to 15.36 For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX).  This uptick needs confirmation that the sma50 downtrend is over.  None the less, there it is.
         ————————————
  Below you will find the Index Support and Resistance for Tuesday, 8/30/2016 as calculated from the changes in Index points through Monday, 8/29/2016’s close.    Don’t forget to check Section IV. below for Index “projected” Highs and Lows for today’s day and date.
         ————————————
Index chart 20160829

 I.   Index performance Monday, 8/29/2016

  • Dow Jones    18,502.99  +107.59  (+0.58%)    (chart: blue)
  • Nasdaq        5,232.33   +13.41  (+0.26%)    (chart: gold)
  • S&P 500       2,180.38   +11.34  (+0.52%)    (chart:  red)
  •   ——————————————-
  • DJ Trans Avg  7,860.30   +35.76  (+0.46%)
  • Rus 1k (RUI)  1,208.10    +6.36  (+0.53%)
  • Rus 2k (RUT)  1,244.94    +6.91  (+0.56%)
  • Rus 3k (RUA)  1,289.85    +6.82  (+0.53%)
  • CBOE (TNX)       15.66    -0.69  (-4.22%)
  • Volatility(VIX)  12.94    -0.71  (-5.20%)
 I. a. Select stocks of interest from Monday, 8/29/2016
  • AAPL … 106.82  -0.12 (-0.11%)   After Hours: 106.62 -0.20 (-0.19%)
  • C ……  47.26  +0.14 (+0.30%)   After Hours:  47.35 +0.09 (+0.19%)
  • CHK ….   6.44  +0.04 (+0.62%)   After Hours:   6.39 -0.05 (-0.78%)
  • DHT ….   4.44  +0.00 (+0.00%)
  • FH …..   2.06  +0.02 (+0.98%)
  • GE …..  31.36  +0.12 (+0.38%)   After Hours:  31.32 -0.04 (-0.13%)
  • JCP ….   9.81  -0.08 (-0.81%)   After Hours:   9.85 +0.04 (+0.41%)
  • MPC ….  42.29  +0.44 (+1.05%)   After Hours:  42.29
  • MU …..  16.91  +0.40 (+2.42%)   After Hours:  16.95 +0.04 (+0.24%)
  • VZ …..  52.50  +0.43 (+0.83%)   After Hours:  52.59 +0.09 (+0.17%)
  •      select ETFs …
  • DIA …  184.83  +1.03 (+0.56%)   After Hours: 184.95 +0.12 (+0.06%)
  • QQQ …  116.94  +0.16 (+0.14%)   After Hours: 117.04 +0.10 (+0.09%)
  • SPY …  218.34  +1.06 (+0.49%)   After Hours: 218.49 +0.15 (+0.07%)
  • GLD …  126.30  +0.25 (+0.20%)   After Hours: 126.32 +0.02 (+0.02%)
  • SLV ….  17.90  +0.18 (+1.02%)   After Hours:  17.93 +0.03 (+0.17%)
  • IWD …  106.68  +0.82 (+0.77%)   After Hours: 106.71 +0.03 (+0.03%)
  • IWF …  104.76  +0.35 (+0.34%)
  • IWM …  123.71  +0.65 (+0.53%)   After Hours: 123.95 +0.24 (+0.19%)
  • IWV …  129.04  +0.72 (+0.56%)
 I. b. Sector summary from Monday, 8/29/2016
Sector Change +/-% (best (or least worst) to worst)
  • Basic Materials …………………….. +0.97% 
  • Non-Cyclical Cons. Goods ……….. +0.88% 
  • Financials  …………………………… +0.77% 
  • Utilities ………………………………. +0.67%  
  • Telecommunications Srvcs ………. +0.45%
  • Cyclical Cons. Goods ………………. +0.44%
  • Industrials  …………………………. +0.43%
  • Energy  ……………………………. +0.40%
  • Healthcare  ……………………… +0.31%
  • Technology  …………………… +0.22%

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 8/29/2016

  II. a.  USA  Bonds
  • 3 Month  0.31%  0.00 (0.00%)
  • 6 Month  0.46%  +0.01 (2.22%)
  •  2 Year  0.81%  -0.02 (-2.41%)
  •  5 Year  1.17%  -0.04 (-3.31%)
  • 10 Year  1.56%  -0.03 (-1.89%)
  • 30 Year  2.21%  -0.03 (-1.34%)
  II. b.  Currencies
  • AUD/USD .. 0.7573  -0.0004 (-0.05%)
  • EUR/USD .. 1.1171  -0.0020 (-0.18%)
  • GBP/USD .. 1.3085  -0.0020 (-0.16%)
  • USD/CAD .. 1.3027  +0.0014 (0.11%)
  • USD/CNY .. 6.6774  +0.0002 (0.00%)
  • USD/HKD .. 7.7562  +0.0004 (0.01%)
  • USD/JPY  102.1210  +0.3010 (0.30%)
 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 Tuesday, 8/30/2016

 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 8/29 up  @  18,502.99  +107.59  (+0.58%)
:: Closed   (above 8/29 PP)  (above 8/30 PP)
  •   :: Pivot point (PP)   18482.00
  •   Support (s1)  18440.91       Support (s2)   18378.83
  •   Resistance (r1)   18544.08   Resistance (r2)   18585.17
  •   Simple Moving Average (Close 50):    18287.19       (uptrend)
  •   52 week performance  +11.18%  YTD performance  +6.19%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 8/29 up  @    5,232.33   +13.41  (+0.26%)
:: Closed   (above 8/29 PP)  (below 8/30 PP)
  •   :: Pivot point (PP)  5233.26
  •   Support (s1)   5221.41      Support (s2) 5210.48
  •   Resistance (r1)  5244.19    Resistance (r2)  5256.04
  •   Simple Moving Average (Close 50):  5061.52          (uptrend)
  •   52 week performance  +9.54%   YTD performance  +4.49%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 8/29 up  @   2,180.38   +11.34  (+0.52%)
:: Closed  (above 8/29 PP)  (above 8/30 PP)
  •   :: Pivot point (PP)  2178.02
  •   Support (s1)  2172.55        Support (s2)  2164.73
  •   Resistance (r1)  2185.84     Resistance (r2)  2191.31
  •   Simple Moving Average (Close 50):  2146.55         (uptrend)
  •   52 week performance  +10.56%  YTD performance  +6.68%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 8/29 up  @  1,208.10    +6.36  (+0.53%)
:: Closed   (above 8/29 PP)  (above 8/30 PP)
  •   :: Pivot point (PP)   1206.61
  •   Support (s1)  1203.31      Support (s2)  1198.51
  •   Resistance (r1)  1211.41   Resistance (r2)  1214.71
  •   Simple Moving Average (Close 50):  1188.34          (uptrend)
  •   52 week performance  +8.85%   YTD performance  +6.73%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 8/29 up  @  1,244.94    +6.91  (+0.56%)
:: Closed  (above 8/29 PP)  (above 8/30 PP)
  •   :: Pivot point (PP)  1243.83
  •   Support (s1)   1239.43      Support (s2)   1233.93
  •   Resistance (r1)  1249.33    Resistance (r2)  1253.73
  •   Simple Moving Average (Close 50):  1199.60          (uptrend)
  •   52 week performance  +7.05%    YTD performance   +9.60%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 8/29 up   @  1,289.85    +6.82  (+0.53%)
:: Closed   (above 8/29 PP)  (above 8/30 PP)
  •   :: Pivot point (PP)   1288.44
  •   Support (s1)   1284.98     Support (s2)  1280.11
  •   Resistance (r1)  1293.31   Resistance (r2)  1296.77
  •   Simple Moving Average (Close 50):   1265.93          (uptrend)
  •   52 week performance   +12.85%    YTD performance  +6.94%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 8/29 down  @   15.66    -0.69  (-4.22%)
:: Closed   (below 8/29 PP)  (below 8/30 PP)
  •   :: Pivot point (PP)    15.82
  •   Support (s1)    15.47      Support (s2)  15.27
  •   Resistance (r1)  16.02     Resistance (r2)  16.37
  •   Simple Moving Average (Close 50):  15.36          (up ticked)
  •   Simple Moving Average (Close 200)  18.63          (downtrend)
  •   :: Close (164 days) above/below (+/-) sma200  (-2.974) pts., or (-15.959%)
  •   :: 52 week performance  -28.82%   YTD performance  -30.98%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 8/29 down  @  12.94    -0.71  (-5.20%)
:: Closed  (below 8/29 PP)  (below 8/30 PP)
  •   :: Pivot point (PP)    13.42
  •   Support (s1)    12.42      Support (s2)   11.89
  •   Resistance (r1)  13.95     Resistance (r2)  14.95
  •   Simple Moving Average (Close 50):  13.86         (downtrend)
  •   :: 52 week performance   -58.79%   YTD performance  -28.94%
  •     –   –   –   –           –   –   –   –

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

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18564.63  …  18461.46
  •   Nasdaq……..  5250.12  …   5227.34
  •   S&P 500 ……  2188.58  …   2175.29
  •   Russell 1000 .  1213.06  …   1204.96
  •   Russell 2000 .  1251.53  …   1241.63
  •   Russell 3000 .  1295.04  …   1286.71
  •   CBOE TNX ……   15.92  …     15.37
  •   Volatility …    13.69  …     12.16
 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 Tuesday, 8/30/2016  help your investing and trading planning today …

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