Index Support and Resistance for Monday (9/12/2016)

 

Countdown to Quadruple Witching, 3rd Friday of the month stock options and futures expiry with indices options and futures expiry:  5 trading days.   Expect greater volatility. 
  Countdown to September’s FOMC meeting September 20-21*    scan0001a
 * Meeting associated with a Summary of Economic Projections and a press conference by the Fed Chairperson  Ms. J. Yellen.    approximately  7.8 trading days
  See also:     Index Support and Resistance for Friday (9/9/2016)
    Below you will find the Index Support and Resistance for Monday, 9/12/2016 as calculated from the changes in Index points through Friday, 9/9/2016’s close.  See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
    ———————————————–
index-chart-20160909

 I.  Index performance Friday, 9/9/2016

  • DJ Indu Avg  18,085.45  -394.46  (-2.13%)    (chart: blue)
  • Nasdaq        5,125.91  -133.57  (-2.54%)    (chart: gold)
  • S&P 500       2,127.81   -53.49  (-2.45%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,822.59  -254.01  (-3.15%)
  • Rus 1k (RUI)  1,179.83   -30.11  (-2.49%)
  • Rus 2k (RUT)  1,219.21   -39.15  (-3.11%)
  • Rus 3k (RUA)  1,259.94   -32.78  (-2.54%)
  • CBOE (TNX)       16.72    +0.56  (+3.47%)
  • Volatility(VIX)  17.50    +4.99 (+39.89%)
 I. a. Select stocks of interest, from Friday, 9/9/2016
  • AAPL …  103.13  -2.39 (-2.26%)
  • C …….  47.17  -0.62 (-1.30%)
  • CHK ……  7.62  -0.12 (-1.55%)
  • DHT ……  4.26  -0.25 (-5.54%)
  • FH …….  2.08  -0.05 (-2.35%)
  • GE …..   30.11  -0.93 (-3.00%)
  • JCP ….    9.90  +0.09 (+0.97%)
  • MPC ….   42.24  -1.21 (-2.78%)
  • MU …..   16.81  -0.64 (-3.67%)
  • VZ …..   51.82  -1.76 (-3.28%)
  •      select ETFs …
  • DIA …  180.91  -3.92 (-2.12%)
  • QQQ …  114.28  -2.95 (-2.52%)
  • SPY …  213.32  -5.19 (-2.38%)
  • GLD …  126.71  -0.88 (-0.69%)
  • SLV ….  18.10  -0.52 (-2.79%)
  • IWD …  104.65  -2.68 (-2.50%)
  • IWF …  102.04  -2.54 (-2.43%)
  • IWM …  121.23  -3.96 (-3.16%)
  • IWV …  126.12  -3.34 (-2.58%)
 I. b. Sector summary from Friday, 9/9/2016
Sector Change +/-% (best (or least worst) to worst)
  • Financials …………………… -1.79% 
  • Healthcare …………………… -2.21% 
  • Non-Cyclical Cons. Goods ………. -2.23%  
  • Cyclical Cons. Goods ………….. -2.27%
  • Technology …………………… -2.41% 
  • Telecommunications Srvcs ………. -2.49% 
  • Industrials ………………….. -2.63%  
  • Basic Materials ………………. -3.03%  
  • Energy ………………………. -3.04%
  • Utilities ……………………. -3.41% 

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

  II. a.  USA  Bonds
  • 3 Month  0.34%  +0.01 (3.03%)
  • 6 Month  0.50%  +0.01 (2.04%)
  •  2 Year  0.78%  -0.02 (-2.50%)
  •  5 Year  1.22%  -0.01 (-0.81%)
  • 10 Year  1.67%  +0.02 (1.21%)
  • 30 Year  2.39%  +0.02 (0.84%)
  II. b.  Currencies
  • AUD/USD  0.7539  0.0000 (0.00%)
  • EUR/USD  1.1232  0.0000 (0.00%)
  • GBP/USD  1.3266  0.0000 (0.00%)
  • USD/CAD  1.3048  0.0000 (0.00%)
  • USD/CNY  6.6966  0.0000 (0.00%)
  • USD/HKD  7.7571  0.0000 (0.00%)
  • USD/JPY  102.6900  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)
 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 Monday, 9/12/2016

 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-%c20160909
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-%c20160909
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 9/9 down  @  18,085.45  -394.46  (-2.13%)
:: Closed   (below 9/9 PP)  (below 9/12 PP)
  •   :: Pivot point (PP)   18191.69
  •   Support (s1)  17979.21       Support (s2)   17872.97
  •   Resistance (r1)   18297.93   Resistance (r2)   18510.41
  •   Simple Moving Average (Close 50):    18413.68       (uptrend)
  •   52 week performance  +10.75%  YTD performance  +3.79%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/9 down  @    5,125.91  -133.57  (-2.54%)
:: Closed   (below 9/9 PP)  (below 9/12 PP)
  •   :: Pivot point (PP)  5159.25
  •   Support (s1)   5092.57      Support (s2) 5059.23
  •   Resistance (r1)  5192.59    Resistance (r2)  5259.27
  •   Simple Moving Average (Close 50):  5134.73          (uptrend)
  •   52 week performance  +6.30%   YTD performance  +2.37%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/9 down  @   2,127.81   -53.49  (-2.45%)
:: Closed   (below 9/9 PP)  (below 9/12 PP)
  •   :: Pivot point (PP)  2141.57
  •   Support (s1)  2114.05        Support (s2)  2100.30
  •   Resistance (r1)  2155.32     Resistance (r2)  2182.84
  •   Simple Moving Average (Close 50):  2163.83         (uptrend)
  •   52 week performance  +8.50%  YTD performance  +4.10%
rua-rui-rut-%c20160909
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 9/9 down  @  1,179.83   -30.11  (-2.49%)
:: Closed   (below 9/9 PP)  (below 9/12 PP)

  •   :: Pivot point (PP)   1189.37
  •   Support (s1)  1170.29      Support (s2)  1160.75
  •   Resistance (r1)  1198.91   Resistance (r2)  1217.99
  •   Simple Moving Average (Close 50):  1198.52          (uptrend)
  •   52 week performance  +8.24%   YTD performance  +4.24%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/9 down  @  1,219.21   -39.15  (-3.11%)
:: Closed  (below 9/9 PP)  (below 9/12 PP)
  •   :: Pivot point (PP)  1231.57
  •   Support (s1)   1206.84      Support (s2)   1194.47
  •   Resistance (r1)  1243.94    Resistance (r2)  1268.67
  •   Simple Moving Average (Close 50):  1217.22          (uptrend)
  •   52 week performance  +5.74%    YTD performance   +7.34%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/9 down   @  1,259.94   -32.78  (-2.54%)
:: Closed   (below 9/9 PP)  (below 9/12 PP)
  •   :: Pivot point (PP)   1269.48
  •   Support (s1)   1250.40     Support (s2)  1240.87
  •   Resistance (r1)  1279.01   Resistance (r2)  1298.09
  •   Simple Moving Average (Close 50):   1277.51          (uptrend)
  •   52 week performance   +7.99%    YTD performance  +4.46%
tnx-%c20160909
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 9/9 up  @   16.72    +0.56  (+3.47%)
:: Closed   (above 9/9 PP)  (above 9/12 PP)
  •   :: Pivot point (PP)    16.66
  •   Support (s1)    16.53      Support (s2)  16.35
  •   Resistance (r1)  16.84     Resistance (r2)  16.97
  •   Simple Moving Average (Close 50):  15.34          (uptrend)
  •   Simple Moving Average (Close 200)  18.36          (downtrend)
  •   :: Close (172 days) above/below (+/-) sma200  (-1.638) pts., or (-8.922%)
  •   :: 52 week performance  –23.41%   YTD performance  -26.31%
vix-%c20160909
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 9/9 up  @  17.50    +4.99 (+39.89%)
:: Closed  (above 9/9 PP)  (above 9/12 PP)
  •   :: Pivot point (PP)    15.85
  •   Support (s1)    14.17      Support (s2)   10.83
  •   Resistance (r1)  19.19     Resistance (r2)  20.87
  •   Simple Moving Average (Close 50):  12.81         (uptick)
  •   :: 52 week performance   -27.84%   YTD performance  -3.90%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Monday, 9/12/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18244.81  …  17926.09
  •   Nasdaq……..  5175.92  …   5075.90
  •   S&P 500 ……  2148.45  …   2107.18
  •   Russell 1000 .  1194.14  …   1165.52
  •   Russell 2000 .  1237.76  …   1200.66
  •   Russell 3000 .  1274.25  …   1245.64
  •   CBOE TNX ……   16.91  …     16.60
  •   Volatility …    20.03  …     15.01
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • DJI Avg   ..  18668.44 ..  15450.56 .. (17425.03)  n/c
  • Nasdaq …..   5287.61 ..   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)   1261.12 ..    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, 9/5/2016   thru    Friday 9/9/2016  ——

Hope the above Index Support and Resistance calculations for Monday, 9/12/2016  help your investing and trading planning today …

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2 thoughts on “Index Support and Resistance for Monday (9/12/2016)

  1. Did you note the vertical lines on the featured chart, and also “Chart #2”? Those lines represent a “selected” timeframe leading into Quadruple Witching options and futures expiry …. the 3rd Friday of the months of March, June, September, and December.

    … more to post about what I see, and know, in another “homework in progress” blog to follow ….

    Like

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