Index Support and Resistance for Wednesday (9/7/2016)

 

  Energy sector companies led U.S. stocks higher Tuesday as investors and traders hoped higher crude oil prices will boost Exploration and Production company profits and stock prices.  A number of companies announced deals following the Labor Day holiday.
  On Tuesday, the Dow Jones Industrial Average (DJIA, .DJI) gained +46.16 points, or +0.2 percent, to 18,538.12.  Year to date (ytd), the DJIA is up +1,113.09 points, or +6.4 percent.
  The Standard & Poor’s 500 Index (SPX, .INX) gained +6.50 points, or +0.3 percent, to 2,186.48.  Year to date (ytd), the S&P 500 is up +142.54 points, or +7 percent.
  The Nasdaq Composite (NAS, .IXIC) gained +26.01 points, or +0.5 percent, to close at its record High of 5,275.91 points.  Year to date (ytd), the Nasdaq is up +268.50 points, or +5.4 percent.
  The Russell 2000 Index (RUT, .RUT) posted new year to date (ytd) points highs for the Open, High, Low, and Close (O-H-L-C).
    —————————————–
  Below you will find the Index Support and Resistance for Wednesday, 9/7/2016 as calculated from the changes in Index points through Tuesday, 9/6/2016’s close.   See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.    Quadruple Witching  options and futures expiry:  Friday  9/16/2016.
               —————————————–

index-chart-20160906
 I.  Index performance Tuesday, 9/6/2016

  • DJ Indu Avg  18,538.12  +46.16  (+0.25%)    (chart: blue)
  • Nasdaq  …      5,275.91  +26.01  (+0.50%)    (chart: gold)
  • S&P 500  …    2,186.48   +6.50  (+0.30%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,952.40   +5.61  (+0.07%)
  • Rus 1k (RUI)  1,212.40   +3.47  (+0.29%)
  • Rus 2k (RUT)  1,253.37   +1.54  (+0.12%)
  • Rus 3k (RUA)  1,294.76   +3.54  (+0.27%)
  • CBOE (TNX)       15.43   -0.53  (-3.32%)
  • Volatility(VIX)  12.02   +0.04  (+0.33%)
 I. a. Select stocks of interest, from Tuesday, 9/6/2016
  • AAPL … 107.70  -0.03 (-0.03%)   After Hours: 107.86 +0.16 (+0.15%)
  • C ……  47.29  -0.22 (-0.46%)   After Hours:  47.23 -0.06 (-0.13%)
  • CHK ….   6.80  +0.20 (+3.03%)   After Hours:   6.80 +0.00 (+0.00%)
  • DHT …… 4.20  +0.02 (+0.48%)   After Hours:   4.28 +0.08 (+1.90%)
  • FH ……. 1.97  -0.04 (-1.99%)
  • GE …..  31.05  -0.24 (-0.77%)   After Hours:  31.04 -0.01 (-0.03%)
  • JCP ….   9.44  -0.05 (-0.53%)   After Hours:   9.51 +0.07 (+0.74%)
  • MPC ….  42.97  +0.65 (+1.54%)
  • MU …..  17.01  +0.31 (+1.86%)   After Hours:  17.10 +0.09 (+0.53%)
  • VZ …..  53.51  +0.63 (+1.19%)   After Hours:  53.55 +0.04 (+0.07%)
  •      select ETFs …
  • DIA …  185.32  +0.46 (+0.25%)   After Hours: 185.37 +0.05 (+0.03%)
  • QQQ …  117.85  +0.73 (+0.62%)
  • SPY …  219.09  +0.73 (+0.33%)   After Hours: 219.07 -0.02 (-0.01%)
  • GLD …  128.71  +2.14 (+1.69%)
  • SLV ….  19.05  +0.61 (+3.31%)   After Hours:  19.02 -0.03 (-0.16%)
  • IWD …  107.21  +0.31 (+0.29%)   After Hours: 107.24 +0.03 (+0.03%)
  • IWF …  105.13  +0.32 (+0.31%)   After Hours: 105.06 -0.07 (-0.07%)
  • IWM …  124.67  +0.14 (+0.11%)   After Hours: 124.67 0.00 (0.00%)
  • IWV …  129.56  +0.30 (+0.23%)
 I. b. Sector summary from Tuesday, 9/6/2016
Sector Change +/-% (best (or least worst) to worst)
  • Utilities ………………………….  +1.27%
  • Energy ……………………………  +1.27%
  • Basic Materials …………………  +1.12%
  • Non-Cyclical Cons. Goods …..  +0.60%
  • Telecommunications Srvcs ….  +0.59%
  • Technology ………………………  +0.57%
  • Healthcare ………………………  +0.50%
  • Financials …………………..  -0.11%
  • Industrials ………………….  -0.12%
  • Cyclical Cons. Goods ……..  -0.19%

 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 9/6/2016

  II. a.  USA  Bonds
  • 3 Month  0.30%  +0.00 (+0.00%)
  • 6 Month  0.43%  -0.01 (-2.27%)
  •  2 Year  0.72%  -0.06 (-7.69%)
  •  5 Year  1.11%  -0.07 (-5.93%)
  • 10 Year  1.53%  -0.06 (-3.77%)
  • 30 Year  2.22%  -0.04 (-1.77%)
  II. b.  Currencies
  • AUD/USD .. 0.7672  -0.0014 (-0.18%)
  • EUR/USD .. 1.1243  -0.0008 (-0.07%)
  • GBP/USD .. 1.3411  -0.0003 (-0.03%)
  • USD/CAD .. 1.2858  +0.0009 (+0.07%)
  • USD/CNY .. 6.6763  +0.0012 (+0.02%)
  • USD/HKD .. 7.7553  -0.0002 (+0.00%)
  • USD/JPY  101.6120  +0.0220 (+0.02%)
II. cUS 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 Wednesday (9/7/2016)

 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 9/6 up  @  18,538.12  +46.16  (+0.25%)
:: Closed   (above 9/6 PP)  (above 9/7 PP)
  •   :: Pivot point (PP)   18513.33
  •   Support (s1)  18475.11       Support (s2)   18412.11
  •   Resistance (r1)   18576.33   Resistance (r2)   18614.55
  •   Simple Moving Average (Close 50):    18356.74       (uptrend)
  •   52 week performance  +15.13%  YTD performance  +6.39%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/6 up  @    5,275.91  +26.01  (+0.50%)
:: Closed   (above 9/6 PP)  (above 9/7 PP)
  •   :: Pivot point (PP)  5265.27
  •   Support (s1)   5254.64      Support (s2)  5233.36
  •   Resistance (r1)  5286.55    Resistance (r2)  5297.18
  •   Simple Moving Average (Close 50):  5102.66          (uptrend)
  •   52 week performance  +9.64%   YTD performance  +5.36%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/6 up  @   2,186.48   +6.50  (+0.30%)
:: Closed  (above 9/6 PP)  (above 9/7 PP)
  •   :: Pivot point (PP)  2182.72
  •   Support (s1)  2178.86        Support (s2)  2171.25
  •   Resistance (r1)  2190.33     Resistance (r2)  2194.19
  •   Simple Moving Average (Close 50):  2156.07         (uptrend)
  •   52 week performance  +11.02%  YTD performance  +6.97%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/6 up  @  1,212.40   +3.47  (+0.29%)
:: Closed   (above 9/6 PP)  (above 9/7 PP)
  •   :: Pivot point (PP)   1210.31
  •   Support (s1)  1208.18      Support (s2)  1203.97
  •   Resistance (r1)  1214.52   Resistance (r2)  1216.65
  •   Simple Moving Average (Close 50):  1193.71          (uptrend)
  •   52 week performance  +12.98%   YTD performance  +7.11%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/6 up  @  1,253.37   +1.54  (+0.12%)
:: Closed  (above 9/6 PP)  (above 9/7 PP)
  •   :: Pivot point (PP)  1251.41
  •   Support (s1)   1248.42      Support (s2)   1243.46
  •   Resistance (r1)  1256.37    Resistance (r2)  1259.36
  •   Simple Moving Average (Close 50):  1209.02          (uptrend)
  •   52 week performance  +10.32%    YTD performance   +10.34%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/6 up   @  1,294.76   +3.54  (+0.27%)
:: Closed   (above 9/6 PP)  (above 9/7 PP)
  •   :: Pivot point (PP)   1292.51
  •   Support (s1)   1290.24     Support (s2)  1285.71
  •   Resistance (r1)  1297.04   Resistance (r2)  1299.31
  •   Simple Moving Average (Close 50):   1271.53          (uptrend)
  •   52 week performance   +11.55%    YTD performance  +7.35%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/6 down  @   15.43   -0.53  (-3.32%)
:: Closed   (below 9/6 PP)  (below 9/7 PP)
  •   :: Pivot point (PP)    15.62
  •   Support (s1)    15.15      Support (s2)  14.88
  •   Resistance (r1)  15.89     Resistance (r2)  16.36
  •   Simple Moving Average (Close 50):  15.28          (uptick)
  •   Simple Moving Average (Close 200)  18.46          (downtrend)
  •   :: Close (169 days) above/below (+/-) sma200  (-3.026) pts., or (-16.398%)
  •   :: 52 week performance  -29.67%   YTD performance  -32.00%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/6 up  @  12.02   +0.04  (+0.33%)
:: Closed  (below 9/6 PP)  (below 9/7 PP)
  •   :: Pivot point (PP)    12.27
  •   Support (s1)    11.60      Support (s2)   11.19
  •   Resistance (r1)  12.68     Resistance (r2)  13.35
  •   Simple Moving Average (Close 50):  13.00         (downtrend)
  •   :: 52 week performance  -54.17%   YTD performance  -33.99%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Wednesday (9/7/2016)

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18595.44  …  18494.22
  •   Nasdaq……..  5291.87  …   5259.96
  •   S&P 500 ……  2192.26  …   2180.79
  •   Russell 1000 .  1215.59  …   1209.25
  •   Russell 2000 .  1257.87  …   1249.92
  •   Russell 3000 .  1298.18  …   1291.38
  •   CBOE TNX ……   15.76  …     15.02
  •   Volatility …    12.48  …     11.40
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • DJI Avg   ..  18668.44 ..  15450.56 .. (17425.03)  n/c
  • Nasdaq …..   5275.91 c+   4209.76 ..  (5007.41)  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)   1254.41 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 Wednesday (9/7/2016)  help your investing and trading planning today …

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