Index Support and Resistance for Tuesday (9/13/2016)

 

  U.S. stocks rallied Monday after a Federal Reserve official said the central bank shouldn’t raise interest rates too soon, which came as a big shock to bears, and a relief to bullish investors and traders.  However, with Quadruple Witching options and futures expiry scan0001athis Friday hanging over Mr. & Ms. Fickle Markets’ heads, not unlike the Sword of Damocles, increased volatility is still to be expected.  The plans of Mice and Men, … simple, options and futures that were foolishly “sold” under the assumption they would expire worthless …. allowing the seller to stick cash in their pockets …. are now in the money … unless “covered to close”  the losses could be huge.   After a market nosedive on Friday, investors, traders, and those looking to cover,  bought Consumer Sector safe investments like household goods makers and phone companies. Healthcare, and Technology sector companies, rounding out the top sectors, also gained.  The FEAR of impending options and futures losses saw every sector close in the green.    IMHO, the FED may see the need for raising rates in the USA … but, the USA is in a global economy, and the foreign Central Banks are locked into ZERO and even negative interest rates mentality … probably for the next 2 to 5 years.  GLTA
         ————————————
 On Monday, the Dow Jones Industrial Average (DJIA, .DJI) gapped down to 18028.95, reversed, and gained +239.62 points, or +1.3 percent, to 18,325.07.  Year to date (ytd), the DJIA is up +900.04 points, or +5.17 percent.
 On Monday, the Standard & Poor’s 500 Index (SPX, .INX) gained +31.23 points, or +1.5 percent, to 2,159.04.  Year to date (ytd), the S&P 500 is up +115.10 points, or +5.6 percent.
 On Monday, the Nasdaq Composite (NAS, .IXIC)  gained +85.98 points, or +1.7 percent, to 5,211.89.  Year to date (ytd), the Nasdaq is up +204.48 points, or +4.08 percent.
         ————————————
  Below you will find the Index Support and Resistance for Tuesday, 9/13/2016 as calculated from the changes in Index points through Monday, 9/12/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
index-chart-20160912

 I.  Index performance Monday, 9/12/2016

  • DJ Indu Avg  18,325.07  +239.62  (1.32%)    (chart: blue)
  • Nasdaq ….       5,211.89  +85.98  (1.68%)    (chart: gold)
  • S&P 500  …     2,159.04  +31.23  (1.47%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,925.90  +103.31 (1.32%)
  • Rus 1k (RUI)  1,196.81  +16.97 (1.44%)
  • Rus 2k (RUT)  1,235.87  +16.66 (1.37%)
  • Rus 3k (RUA)  1,278.00  +18.06 (1.43%)
  • CBOE (TNX)       16.72  0.00 (0.00%)
  • Volatility(VIX)  16.17  -1.33 (-7.60%)
 I. a. Select stocks of interest, from Monday, 9/12/2016
  • AAPL … 105.44  +2.31 (2.24%)   Pre-market: 104.99 -0.45 (-0.43%)
  • C ……  47.79  +0.62 (1.31%)   After Hours: 47.72 -0.07 (-0.15%)
  • CHK ….   8.05  +0.43 (5.64%)   After Hours:  8.05
  • DHT ….   4.29  +0.03 (0.70%)   After Hours:  4.29
  • FH …..   2.12  +0.02 (0.95%)   After Hours:  2.50 +0.38 (17.92%)
  • GE …..  30.49  +0.38 (1.26%)   After Hours: 30.47 -0.02 (-0.07%)
  • JCP ….   9.91  +0.01 (0.10%)   After Hours:  9.87 -0.04 (-0.40%)
  • MPC ….  43.34  +1.10 (2.60%)   After Hours: 43.34
  • MU …..  17.15  +0.34 (2.02%)   Pre-market:  17.09 -0.06 (-0.35%)
  • VZ …..  52.57  +0.75 (1.45%)   After Hours: 52.43 -0.14 (-0.27%)
  •      select ETFs …
  • DIA …  183.27  +2.36 (1.30%)   Pre-market: 182.00 -1.27 (-0.69%)
  • QQQ …  116.33  +2.05 (1.79%)   Pre-market: 115.57 -0.76 (-0.65%)
  • SPY …  216.40  +3.08 (1.44%)   Pre-market: 215.02 -1.38 (-0.64%)
  • GLD …  126.58  -0.13 (-0.10%)   Pre-market: 126.85 +0.27 (0.21%)
  • SLV ….  18.17  +0.07 (0.39%)   After Hours: 18.18 +0.01 (0.06%)
  • IWD …  106.13  +1.48 (1.41%)
  • IWF …  103.44  +1.40 (1.37%)   After Hours: 103.46 +0.02 (0.02%)
  • IWM …  122.97  +1.74 (1.44%)    Pre-market: 121.99 -0.98 (-0.80%)
  • IWV …  127.94  +1.82 (1.44%)
 I. b. Sector summary from Monday, 9/12/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ……….. +1.90%
  • Healthcare …………………………… +1.76%
  • Technology ………………………….. +1.49%
  • Cyclical Cons. Goods ………………. +1.45%
  • Utilities ………………………………. +1.29%
  • Basic Materials ……………………… +1.27% 
  • Telecommunications Srvcs ……….. +1.26%
  • Industrials …………………………….. +1.19% 
  • Energy ……………………………… +0.87%
  • Financials ……………………. +0.81% 

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 9/12/2016

  II. a.  USA  Bonds
  • 3 Month  0.36%  +0.02 (5.88%)
  • 6 Month  0.51%  +0.02 (4.08%)
  •  2 Year  0.76%  -0.03 (-3.80%)
  •  5 Year  1.20%  -0.03 (-2.44%)
  • 10 Year  1.66%  -0.02 (-1.19%)
  • 30 Year  2.39%  0.00 (0.00%)
  II. b.  Currencies
  • AUD/USD  0.7522  -0.0044 (-0.58%)
  • EUR/USD  1.1233  -0.0007 (-0.06%)
  • GBP/USD  1.3318  -0.0018 (-0.13%)
  • USD/CAD  1.3092  +0.0061 (0.47%)
  • USD/CNY  6.6779  -0.0014 (-0.02%)
  • USD/HKD  7.7579  +0.0002 (0.00%)
  • USD/JPY  101.8150  +0.0700 (0.07%)
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 Tuesday, 9/13/2016

 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 9/12 up  @  18,325.07  +239.62  (1.32%)
:: Closed   (above 9/12 PP)  (above 9/13 PP)
  •   :: Pivot point (PP)   18226.20
  •   Support (s1)  18093.71       Support (s2)   17862.35
  •   Resistance (r1)   18457.56   Resistance (r2)   18590.05
  •   Simple Moving Average (Close 50):    18421.58       (uptrend)
  •   52 week performance  +11.51%  YTD performance  +5.17%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/12 up  @    5,211.89  +85.98  (1.68%)
:: Closed   (above 9/12 PP)  (above 9/13 PP)
  •   :: Pivot point (PP)  5175.86
  •   Support (s1)   5133.83      Support (s2) 5055.78
  •   Resistance (r1)  5253.91    Resistance (r2)  5295.94
  •   Simple Moving Average (Close 50):  5142.12          (uptrend)
  •   52 week performance  +8.45%   YTD performance  +4.08%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/12 up  @   2,159.04  +31.23  (1.47%)
:: Closed   (above 9/12 PP)  (above 9/13 PP)
  •   :: Pivot point (PP)  2147.15
  •   Support (s1)  2131.01        Support (s2)  2102.97
  •   Resistance (r1)  2175.19     Resistance (r2)  2191.33
  •   Simple Moving Average (Close 50):  2165.04         (uptrend)
  •   52 week performance  +10.55%  YTD performance  +5.63%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/12 up  @  1,196.81  +16.97 (1.44%)
:: Closed   (above 9/12 PP)  (above 9/13 PP)
  •   :: Pivot point (PP)   1190.24
  •   Support (s1)  1181.37      Support (s2)  1165.93
  •   Resistance (r1)  1205.68   Resistance (r2)  1214.55
  •   Simple Moving Average (Close 50):  1199.22          (uptrend)
  •   52 week performance  +9.31%   YTD performance  +5.74%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/12 up  @  1,235.87  +16.66 (1.37%)
:: Closed  (above 9/12 PP)  (above 9/13 PP)
  •   :: Pivot point (PP)  1227.80
  •   Support (s1)   1219.73      Support (s2)   1203.59
  •   Resistance (r1)  1243.94    Resistance (r2)  1252.01
  •   Simple Moving Average (Close 50):  1218.90          (uptrend)
  •   52 week performance  +6.74%    YTD performance   +8.80%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/12 up   @  1,278.00  +18.06 (1.43%)
:: Closed   (above 9/12 PP)  (above 9/13 PP)
  •   :: Pivot point (PP)   1270.87
  •   Support (s1)   1261.51     Support (s2)  1245.01
  •   Resistance (r1)  1287.37   Resistance (r2)  1296.73
  •   Simple Moving Average (Close 50):   1278.28          (uptrend)
  •   52 week performance   +8.19%    YTD performance  +5.96%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/12 unch  @   16.72  0.00 (0.00%)
:: Closed   (above 9/12 PP)  (below 9/13 PP)
  •   :: Pivot point (PP)    16.76
  •   Support (s1)    16.57      Support (s2)  16.41
  •   Resistance (r1)  16.92     Resistance (r2)  17.11
  •   Simple Moving Average (Close 50):  15.38          (uptrend)
  •   Simple Moving Average (Close 200)  18.33          (downtrend)
  •   :: Close (173 days) above/below (+/-) sma200  (-1.608) pts., or (-8.773%)
  •   :: 52 week performance  -23.30%   YTD performance  -26.31%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/12 down  @  16.17  -1.33 (-7.60%)
:: Closed  (below 9/12 PP)  (below 9/13 PP)
  •   :: Pivot point (PP)    16.81
  •   Support (s1)    13.11      Support (s2)   11.06
  •   Resistance (r1)  18.86     Resistance (r2)  22.56
  •   Simple Moving Average (Close 50): 12.82         (uptick)
  •   :: 52 week performance   -32.74%   YTD performance  -16.75%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Tuesday, 9/13/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18523.81  …  18159.96
  •   Nasdaq……..  5274.93  …   5154.85
  •   S&P 500 ……  2183.26  …   2139.08
  •   Russell 1000 .  1210.12  …   1185.81
  •   Russell 2000 .  1247.98  …   1223.77
  •   Russell 3000 .  1292.05  …   1266.19
  •   CBOE TNX ……   16.84  …     16.49
  •   Volatility …    17.84  …     12.09
 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 Tuesday, 9/13/2016  help your investing and trading planning today …

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