Index Support and Resistance for Wednesday (8/31/2016)

 

  Stocks pulled back slightly on Tuesday in another quiet day on Wall Street as hesitant investors and traders moved to the sidelines ahead of the Friday jobs report.
         ————————————
On Tuesday, the Dow Jones Industrial Average Index (DJIA, .DJI) pulled back 48.49 points, or 0.3 percent, to 18,454.30.  For this week, the DJIA is up 58.90 points, or 0.3 percent.  Year to date (YTD), the DJIA is up 1,029.27 points, or 5.9 percent.
The Standard and Poor’s 500 (SPX, .INX) pulled back 4.26 points, or 0.2 percent, to 2,176.12.  For this week, the S&P 500 Index is up 7.08 points, or 0.3 percent.  Year to date (YTD), the S&P 500 is up 132.18 points, or 6.5 percent.
The Nasdaq Composite (NAS, .IXIC)  pulled back 9.34 points, or 0.2 percent, to 5,222.99.    For this week, the Nasdaq Composite is up 4.07 points, or 0.1 percent.  Year to date (YTD), the Nasdaq is up 215.58 points, or 4.3 percent.
The Russell 2000 (.RUT) posted a new year to date (YTD) high for the Low at 1241.54.
         ————————————
  Below you will find the Index Support and Resistance for Wednesday, 8/31/2016 as calculated from the changes in Index points through Tuesday, 8/30/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
Index chart 20160830

 I.   Index performance Tuesday, 8/30/2016

  • Dow Jones    18,454.30  -48.69  (-0.26%)    (chart: blue)
  • Nasdaq        5,222.99   -9.34  (-0.18%)    (chart: gold)
  • S&P 500       2,176.12   -4.26  (-0.20%)    (chart:  red )
  •   ——————————————-
  • DJ Trans Avg  7,910.12  +49.82  (+0.63%)
  • Rus 1k (RUI)  1,205.91   -2.19  (-0.18%)
  • Rus 2k (RUT)  1,246.03   +1.09  (+0.09%)
  • Rus 3k (RUA)  1,287.78   -2.07  (-0.16%)
  • CBOE (TNX)       15.70   +0.04  (+0.26%)
  • Volatility(VIX)  13.13   +0.19  (+1.47%)
 I. a. Select stocks of interest, from Tuesday, 8/30/2016
  • AAPL … 106.00  -0.82 (-0.77%)   After Hours: 105.99 -0.01 (-0.01%)
  • C ……  47.90  +0.64 (+1.35%)   After Hours:  47.94 +0.04 (+0.08%)
  • CHK ….   6.51  +0.07 (+1.09%)   After Hours:   6.50 -0.01 (-0.15%)
  • DHT ….   4.48  +0.04 (+0.90%)   After Hours:   4.50 +0.02 (+0.45%)
  • FH …..   2.03  -0.03 (-1.46%)
  • GE …..  31.37  +0.01 (+0.03%)   After Hours:  31.38 +0.01 (+0.03%)
  • JCP ….   9.67  -0.14 (-1.43%)   After Hours:   9.66 -0.01 (-0.10%)
  • MPC ….  42.68  +0.39 (+0.92%)   After Hours:  42.68 +0.00 (+0.00%)
  • MU …..  16.74  -0.17 (-1.01%)   After Hours:  16.79 +0.05 (+0.30%)
  • VZ …..  52.27  -0.24 (-0.45%)   After Hours:  52.30 +0.03 (+0.06%)
  •      select ETFs …
  • DIA …  184.51  -0.32 (-0.17%)   After Hours: 184.60 +0.09 (+0.05%)
  • QQQ …  116.56  -0.38 (-0.32%)   After Hours: 116.40 -0.16 (-0.14%)
  • SPY …  217.98  -0.36 (-0.16%)   After Hours: 217.91 -0.07 (-0.03%)
  • GLD …  125.03  -1.27 (-1.01%)    Pre-market: 125.28 +0.25 (+0.20%)
  • SLV ….  17.67  -0.23 (-1.28%)   After Hours:  17.67 +0.00 (+0.00%)
  • IWD …  106.69  +0.01 (+0.01%)
  • IWF …  104.38  -0.38 (-0.36%)
  • IWM …  123.95  +0.24 (+0.19%)   After Hours: 124.00 +0.05 (+0.04%)
  • IWV …  128.81  -0.23 (-0.18%)
 I. b. Sector summary from Tuesday, 8/30/2016
Sector Change +/-% (best (or least worst) to worst)
  • Financials …………………….. +0.66%
  • Industrials ………………… -0.07%
  • Technology ………………… -0.17%
  • Non-Cyclical Cons. Goods ……. -0.19%
  • Energy ……………………… -0.21%
  • Cyclical Cons. Goods …….. -0.32%
  • Healthcare ………………… -0.39%
  • Telecommunications Srvcs ……. -0.53%
  • Utilities …………………….. -0.93%
  • Basic Materials ……………. -0.98%
 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 8/30/2016
  II. a.  USA  Bonds
  • 3 Month  0.29%  -0.01 (-3.33%)
  • 6 Month  0.45%  -0.02 (-4.26%)
  •  2 Year  0.79%  -0.02 (-2.47%)
  •  5 Year  1.18%  -0.01 (-0.84%)
  • 10 Year  1.57%  -0.01 (-0.63%)
  • 30 Year  2.23%  +0.00 (+0.00%)
  II. b.  Currencies
  • AUD/USD .. 0.7504  -0.0019 (-0.25%)
  • EUR/USD .. 1.1139  -0.0009 (-0.08%)
  • GBP/USD .. 1.3093  +0.0003 (+0.02%)
  • USD/CAD .. 1.3095  +0.0006 (+0.05%)
  • USD/CNY .. 6.6797  -0.0117 (-0.17%)
  • USD/HKD .. 7.7569  -0.0005 (-0.01%)
  • USD/JPY  103.2550  +0.3665 (+0.36%)
 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 Wednesday, 8/31/2016

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 8/30 down  @  18,454.30  -48.69  (-0.26%)
:: Closed   (below 8/30 PP)  (below 8/31 PP)

  • :: Pivot point (PP)   18459.04
  •   Support (s1)  18403.78       Support (s2)   18353.27
  •   Resistance (r1)   18509.55   Resistance (r2)   18564.81
  •   Simple Moving Average (Close 50):    18300.18       (uptrend)
  •   52 week performance  +11.65%  YTD performance  +5.91%
  • ( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
    Closed 8/30 down  @    5,222.99   -9.34  (-0.18%)
    :: Closed   (below 8/30 PP)  (below 8/31 PP)
  •   :: Pivot point (PP)  5223.41
  •   Support (s1)   5205.19      Support (s2) 5187.40
  •   Resistance (r1)  5241.20    Resistance (r2)  5259.42
  •   Simple Moving Average (Close 50):  5069.24          (uptrend)
  •   52 week performance  +12.66%   YTD performance  +4.31%
  • ( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
    Closed 8/30 down  @   2,176.12   -4.26  (-0.20%)
    :: Closed  (below 8/30 PP)  (below 8/31 PP)
  •   :: Pivot point (PP)  2176.27
  •   Support (s1)  2170.26        Support (s2)  2164.41
  •   Resistance (r1)  2182.12     Resistance (r2)  2188.13
  •   Simple Moving Average (Close 50):  2148.41         (uptrend)
  •   52 week performance  +13.70%  YTD performance  +6.47%
  • ( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
    Closed 8/30 down  @  1,205.91   -2.19  (-0.18%)
    :: Closed   (below 8/30 PP)  (below 8/31 PP)
  •   :: Pivot point (PP)   1205.93
  •   Support (s1)  1202.61      Support (s2)  1199.31
  •   Resistance (r1)  1209.23   Resistance (r2)  1212.55
  •   Simple Moving Average (Close 50):  1189.38          (uptrend)
  •   52 week performance  +9.58%   YTD performance  +6.54%
  • ( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
    Closed 8/30 up  @  1,246.03   +1.09  (+0.09%)
    :: Closed  (above 8/30 PP)  (above 8/31 PP)
  •   :: Pivot point (PP)  1245.33
  •   Support (s1)   1242.24      Support (s2)   1238.44
  •   Resistance (r1)  1249.13    Resistance (r2)  1252.22
  •   Simple Moving Average (Close 50):  1201.37          (uptrend)
  •   52 week performance  +7.47%    YTD performance   +9.70%
  • ( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
    Closed 8/30 down   @  1,287.78   -2.07  (-0.16%)
    :: Closed   (below 8/30 PP)  (above 8/31 PP)
  •   :: Pivot point (PP)   1287.68
  •   Support (s1)   1284.28     Support (s2)  1280.77
  •   Resistance (r1)  1291.19   Resistance (r2)  1294.59
  •   Simple Moving Average (Close 50):   1267.28          (uptrend)
  •   52 week performance   +10.69%    YTD performance  +6.77%
  • ( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
    Closed 8/30 up  @   15.70   +0.04  (+0.26%)
    :: Closed   (below 8/30 PP)  (below 8/31 PP)
  •   :: Pivot point (PP)    15.71
  •   Support (s1)    15.60      Support (s2)  15.50
  •   Resistance (r1)  15.81     Resistance (r2)  15.92
  •   Simple Moving Average (Close 50):  15.34          (down ticked)
  •   Simple Moving Average (Close 200)  18.60          (downtrend)
  •   :: Close (165 days) above/below (+/-) sma200  (-2.896) pts., or (-15.574%)
  •   :: 52 week performance  -27.72%   YTD performance  -30.81%
  • ( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
    Closed 8/30 up  @  13.13   +0.19  (+1.47%)
    :: Closed  (below 8/30 PP)  (below 8/31 PP)
  •   :: Pivot point (PP)    13.14
  •   Support (s1)    12.68      Support (s2)   12.24
  •   Resistance (r1)  13.58     Resistance (r2)  14.04
  •   Simple Moving Average (Close 50):  13.75         (downtrend)
  •   :: 52 week performance   -49.71%   YTD performance  -27.95%
  •     –   –   –   –           –   –   –   –

     IV.  Index “projected” Highs and Lows for Wednesday, 8/31/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18484.30  …  18378.53
  •   Nasdaq……..  5232.31  …   5196.30
  •   S&P 500 ……  2179.20  …   2167.34
  •   Russell 1000 .  1207.58  …   1200.96
  •   Russell 2000 .  1250.68  …   1243.79
  •   Russell 3000 .  1289.44  …   1282.53
  •   CBOE TNX ……   15.81  …     15.60
  •   Volatility …    13.81  …     12.91
  •  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 Wednesday, 8/31/2016  help your investing and trading planning today …

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