Index Support and Resistance for Tuesday (9/6/2016)

 

  Friday, the Russell 2000 Index (RUT, .RUT) posted, and closed at, a new year to date and 52 week High at 1251.83 points.

  Below you will find the Index Support and Resistance for Tuesday, 9/6/2016 as calculated from the changes in Index points through Friday, 9/2/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.

         ————————————

            —————————————–

  I.  Index performance Friday, 9/2/2016

• DJ Indu Avg  18,491.96  +72.66  (+0.39%)    (chart: blue)
• Nasdaq …       5,249.90  +22.69  (+0.43%)    (chart: gold)
• S&P 500 …      2,179.98   +9.12  (+0.42%)    (chart: red )
•   ——————————————-
• DJ Trans Avg  7,946.79  +29.23  (+0.37%)
• Rus 1k (RUI)   1,208.94  +5.64  (+0.47%)
• Rus 2k (RUT)   1,251.83 +12.03  (+0.97%)
• Rus 3k (RUA)   1,291.22  +6.50  (+0.51%)
• CBOE (TNX)        15.96  +0.26  (+1.66%)
• Volatility(VIX)   11.98  -1.50 (-11.13%)

 I. a. Select stocks of interest, from Friday, 9/2/2016

• AAPL … 107.73  +1.00 (+0.94%)
• C ……  47.51  +0.15 (+0.32%)
• CHK ….   6.60  +0.35 (+5.60%)
• DHT …… 4.18  +0.10 (+2.45%)
• FH ……. 2.01  -0.06 (-2.90%)
• GE …… 31.29  +0.09 (+0.29%)
• JCP ….   9.49  +0.05 (+0.53%)
• MPC ….  42.32  +0.41 (+0.98%)
• MU …..  16.70  +0.06 (+0.36%)
• VZ …..  52.88  +0.31 (+0.59%)
•      select ETFs …
• DIA …  184.86  +0.76 (+0.41%)
• QQQ …  117.12  +0.38 (+0.33%)
• SPY …  218.36  +0.99 (+0.46%)
• GLD …  126.57  +1.28 (+1.02%)
• SLV ….  18.44  +0.50 (+2.79%)
• IWD …  106.90  +0.63 (+0.59%)
• IWF …  104.81  +0.46 (+0.44%)
• IWM …  124.53  +1.20 (+0.97%)
• IWV …  129.26  +0.81 (+0.63%)

 I. b. Sector summary from Friday, 9/2/2016

Sector Change +/-% (best (or least worst) to worst)

• Energy ………………………….  +1.48%
• Utilities …………………………  +1.46%
• Non-Cyclical Cons. Goods ….  +1.37%
• Basic Materials ………………..  +1.31%
• Telecommunications Srvcs ….  +1.13%
• Financials …………………….  +0.70%
• Industrials …………………..  +0.65%
• Healthcare …………………..  +0.46%
• Technology ………………….  +0.44%
• Cyclical Cons. Goods ……..  +0.17%

 II. Bonds, and/or Currencies, and/or Commodities from Friday, 9/2/2016

  II. a.  USA  Bonds

• 3 Month  0.26%  -0.04 (-13.33%)
• 6 Month  0.42%  -0.02 (-4.55%)
•  2 Year  0.77%  +0.00 (+0.00%)
•  5 Year  1.19%  +0.02 (+1.71%)
• 10 Year  1.60%  +0.02 (+1.27%)
• 30 Year  2.27%  +0.02 (+0.89%)

  II. b.  Currencies

• AUD/USD .. 0.7572  0.0000 (0.00%)
• EUR/USD .. 1.1154  0.0000 (0.00%)
• GBP/USD .. 1.3294  0.0000 (0.00%)
• USD/CAD .. 1.2994  0.0000 (0.00%)
• USD/CNY .. 6.6822  0.0000 (0.00%)
• USD/HKD .. 7.7554  0.0000 (0.00%)
• USD/JPY  103.9750  0.0000 (0.00%)

 II. c.   US Energy Information Administration   (US EIA)

• Petroleum & Other Liquids

• 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)

    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 Tuesday, 9/6/2016

 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.

     –   –   –   –           –   –   –   –

Chart #2  (above, EOD, %change)  The above DJIA, Nasdaq, S&P 500, Daily Index chart reflects the percentage change since the first markets’ correction 8/21/2015.  Note:  EOD= End of Day

             ——————–

Chart #3  (above, EOD, %change)  The above DJIA versus the DJ Transports Average Index (DJT).  This  Daily Index chart reflects the percentage change since the first markets’ correction 8/21/2015.  Note:  EOD= End of Day. 

                 ——————

( 1) For the DJIA (INDEX DJX: .DJI) (ETF: DIA)
Closed 9/2 up  @  18,491.96  +72.66  (+0.39%)
:: Closed   (above 9/2 PP)  (above 9/6 PP)

•   :: Pivot point (PP)   18491.94
•   Support (s1)  18439.12       Support (s2)   18386.28
•   Resistance (r1)   18544.78   Resistance (r2)   18597.60
•   Simple Moving Average (Close 50):    18333.99       (uptrend)
•   52 week performance  +12.93%  YTD performance  +6.12%

( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/2 up  @    5,249.90  +22.69  (+0.43%)
:: Closed   (above 9/2 PP)  (above 9/6 PP)

•   :: Pivot point (PP)  5248.10
•   Support (s1)   5232.82      Support (s2)  5215.73
•   Resistance (r1)  5265.19    Resistance (r2)  5280.47
•   Simple Moving Average (Close 50):  5091.30          (uptrend)
•   52 week performance  +12.08%   YTD performance  +4.84%

( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/2 up  @   2,179.98   +9.12  (+0.42%)
:: Closed  (above 9/2 PP)  (above 9/6 PP)

•   :: Pivot point (PP)  2179.48
•   Support (s1)  2174.09        Support (s2)  2168.20
•   Resistance (r1)  2185.37     Resistance (r2)  2190.76
•   Simple Moving Average (Close 50):  2153.09         (uptrend)
•   52 week performance  +13.47%  YTD performance  +6.66%

Chart #4  (above, EOD, %change)  The above Russell 3000, Russell 2000, Russell 1000, daily Index chart reflects the percentage change since the first markets’ correction 8/21/2015.

         ———————————–

( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/2 up  @  1,208.94  +5.64  (+0.47%)
:: Closed   (above 9/2 PP)  (above 9/6 PP)

•   :: Pivot point (PP)   1208.21
•   Support (s1)  1205.08      Support (s2)  1201.22
•   Resistance (r1)  1212.07   Resistance (r2)  1215.20
•   Simple Moving Average (Close 50):  1192.01          (uptrend)
•   52 week performance  +10.99%   YTD performance  +6.81%

( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/2 up  @  1,251.83 +12.03  (+0.97%)
:: Closed  (above 9/2 PP)  (above 9/6 PP)

•   :: Pivot point (PP)  1248.36
•   Support (s1)   1244.90      Support (s2)   1237.96
•   Resistance (r1)  1255.30    Resistance (r2)  1258.76
•   Simple Moving Average (Close 50):  1206.50          (uptrend)
•   52 week performance  +9.32%    YTD performance   +10.21%

( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/2 up   @  1,291.22  +6.50  (+0.51%)
:: Closed   (above 9/2 PP)  (above 9/6 PP)

•   :: Pivot point (PP)   1290.39
•   Support (s1)   1287.26     Support (s2)  1283.31
•   Resistance (r1)  1294.34   Resistance (r2)  1297.47
•   Simple Moving Average (Close 50):   1270.52          (uptrend)
•   52 week performance   +9.75%    YTD performance  +7.06%

Chart #5  (above, EOD, %change)  The above CBOE Interest Rate 10 Year T Note , daily Index chart reflects the percentage change since the first markets correction 8/21/2015.

  ————————–

( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/2 up  @   15.96  +0.26  (+1.66%)
:: Closed   (above 9/2 PP)  (above 9/6 PP)

•   :: Pivot point (PP)    15.87
•   Support (s1)    15.53      Support (s2)  15.10
•   Resistance (r1)  16.30     Resistance (r2)  16.64
•   Simple Moving Average (Close 50):  15.26          (downtrend)
•   Simple Moving Average (Close 200)  18.49          (downtrend)
•   :: Close (168 days) above/below (+/-) sma200  (-2.532) pts., or (-13.690%)
•   :: 52 week performance  -25.00%   YTD performance  -29.66%

Chart #6  (above, EOD, %change)  The above Volatility S&P500 (INDEX CBOE: VIX), daily Index chart reflects the percentage change since the first markets’ correction 8/21/2015.

                       ————————-

( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/2 down  @  11.98  -1.50 (-11.13%)
:: Closed  (below 9/2 PP)  (below 9/6 PP)

•   :: Pivot point (PP)    12.59
•   Support (s1)    11.29      Support (s2)   10.59
•   Resistance (r1)  13.29     Resistance (r2)  14.59
•   Simple Moving Average (Close 50):  13.24         (downtrend)
•   :: 52 week performance   -51.89%   YTD performance  -34.21%
•     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Tuesday, 9/6/2016

• Index,  :: Projected High,  Projected Low
•   Dow Jones …. 18571.19  …  18465.53
•   Nasdaq……..  5272.83  …   5240.46
•   S&P 500 ……  2188.07  …   2176.79
•   Russell 1000 .  1213.64  …   1206.65
•   Russell 2000 .  1257.03  …   1246.63
•   Russell 3000 .  1295.91  …   1288.83
•   CBOE TNX ……   16.47  …     15.70
•   Volatility …    12.94  …     10.94

 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)   1251.83 c+    943.10 ..  (1135.89)  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, 9/5/2016   thru    Friday 9/9/2016  ——

• • • 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

     (2)  Investing and Trading

        It’s Black Friday for OPEC

    •    Chesapeake Energy Corp (NYSE: CHK)
    •  

    [ More  Blogs ]

     

     

Hope the above Index Support and Resistance calculations for Tuesday, 9/6/2016  help your investing and trading planning today …

Advertisements