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.

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            —————————————–
Index chart 20160902

  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)

For both Bulls and Bears:

current XLE quote (Reuters) and more

Related previous XLE analysis:

  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.
     –   –   –   –           –   –   –   –
dji-nas-spx %c20160902
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
             ——————–
dji-djt %c20160902
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%
rua-rui-rut %c20160902
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%
tnx %c20160902
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%
vix %c20160902
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  ——

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

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One thought on “Index Support and Resistance for Tuesday (9/6/2016)

  1. Sector ETFs from Friday 9/2/2016:

    XLB … 49.19 +0.40 (0.82%)
    XLE … 69.04 +0.67 (0.98%)
    XLF … 24.57 +0.14 (0.57%)
    XLI … 58.91 +0.27 (0.46%)
    XLK … 47.34 +0.20 (0.42%)
    XLP … 54.85 +0.42 (0.77%)
    XLU … 49.63 +0.65 (1.33%)
    XLV … 72.67 +0.10 (0.14%)
    XLY … 80.88 +0.16 (0.20%)

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