Index Support and Resistance for Friday (9/16/2016)

First, an apology.  I wanted to publish this blog Friday. …   Quadruple Witching Friday, but in a moment of an otherwise polite conversation, I had an inspiration, … a flash of scan0001aproblem solving formulas and modules applicable to my existing intellectual properties.   Thereafter, while I was trying to compile this blog, my mind kept racing back to the formulas and modules …  and try as I might, I couldn’t  focus on the blog.   Then I got saved by a family dilemma.     However, with the FOMC meeting coming up September 20-21* with a Summary of Economic Projections and a press conference by the Fed Chairperson  Ms. J. Yellen after the meeting concludes …. these Pivot Points, Supports, Resistances, “projected” highs and lows, and more …   was, and still is, need to know.   Reportedly, the FOMC voting members still do not know if there is enough “data” to raise rates  (… before the election ).

The math says there are enough PROs and CONs for both sides of the FOMC discussion, debate, argument ” … to raise, or not to raise ” the overnight rates to banks a quarter point.  If the FED does raise rates, IMHO, they will phrase the rate increase as a “range” from 0.50 to 0.75 percent, which compares to the current range of 0.25 to 0.50 percent.  The question is will the FOMC members come together unanimously on which ever side of the coin flip?    That’s Mr. & Ms. Fickle Global Markets’ million dollar volatility question.

————————————————————

 

  Below you will find the Index Support and Resistance for Friday, 9/16/2016 as calculated from the changes in Index points through Thursday, 9/15/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
index-chart-20160915

 I.  Index performance Thursday, 9/15/2016

  • DJ Indu Avg  18,212.48  +177.71  (+0.99%)    (chart: blue)
  • Nasdaq        5,249.69   +75.92  (+1.47%)    (chart: gold)
  • S&P 500       2,147.26   +21.49  (+1.01%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,800.36   +44.96  (+0.58%)
  • Rus 1k (RUI)  1,189.82   +11.85  (+1.01%)
  • Rus 2k (RUT)  1,227.02   +15.43  (+1.27%)
  • Rus 3k (RUA)  1,270.40   +12.90  (+1.03%)
  • CBOE (TNX)       17.03    +0.14  (+0.83%)
  • Volatility(VIX)  16.30    -1.84 (-10.14%)
 I. a. Select stocks of interest, from Thursday, 9/15/2016
  • AAPL … 115.57  +3.80 (+3.40%)   After Hours: 115.41 -0.16 (-0.14%)
  • C ……. 47.08  +0.33 (+0.71%)   After Hours:  47.00 -0.08 (-0.17%)
  • CHK …… 7.25  +0.08 (+1.12%)   After Hours:   7.19 -0.06 (-0.83%)
  • DHT …… 4.03  -0.05 (-1.23%)
  • FH ……. 2.48  +0.11 (+4.64%)
  • GE …..  29.75  +0.28 (+0.95%)   After Hours:  29.74 -0.01 (-0.03%)
  • JCP ….  10.10  +0.52 (+5.43%)   After Hours:  10.09 -0.01 (-0.10%)
  • MPC ….  43.74  +1.87 (+4.47%)   After Hours:  43.74 +0.00 (+0.00%)
  • MU …..  17.45  +0.52 (+3.07%)   After Hours:  17.45 +0.00 (+0.00%)
  • VZ …..  51.98  +0.49 (+0.95%)   After Hours:  51.97 -0.01 (-0.02%)
  •      select ETFs …
  • DIA …  182.26  +1.83 (+1.01%)
  • QQQ …  117.64  +1.80 (+1.55%)   After Hours: 117.34 -0.30 (-0.26%)
  • SPY …  215.28  +2.13 (+1.00%)
  • GLD …  125.37  -0.81 (-0.64%)
  • SLV ….  18.04  +0.02 (+0.11%)
  • IWD …  104.88  +0.95 (+0.91%)
  • IWF …  103.57  +1.16 (+1.13%)
  • IWM …  122.04  +1.44 (+1.19%)
  • IWV …  127.24  +1.31 (+1.04%)
 I. b. Sector summary from Thursday, 9/15/2016
Sector Change +/-% (best (or least worst) to worst)
  • Technology …………………….. +1.63%
  • Non-Cyclical Cons. Goods ….. +1.17% 
  • Healthcare …………………….. +1.02% 
  • Industrials …………………….. +0.95%
  • Telecommunications Srvcs … +0.94%
  • Energy …………………………. +0.87%
  • Financials …………………… +0.86%
  • Basic Materials …………….. +0.84%
  • Cyclical Cons. Goods …….. +0.73% 
  • Utilities …………………… +0.73%

 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 9/15/2016

  II. a.  USA  Bonds
  • 3 Month  0.28%  -0.02 (-6.67%)
  •  6 Month  0.46%  -0.02 (-4.17%)
  •  2 Year  0.72%  -0.02 (-2.70%)
  •  5 Year  1.18%  -0.02 (-1.67%)
  • 10 Year  1.69%  -0.01 (-0.59%)
  • 30 Year  2.46%  -0.01 (-0.40%)
  II. b.  Currencies
  • AUD/USD  0.7508  -0.0005 (-0.06%)
  • EUR/USD  1.1242  -0.0003 (-0.03%)
  • GBP/USD  1.3245  -0.0002 (-0.02%)
  • USD/CAD  1.3149  -0.0008 (-0.06%)
  • USD/CNY  6.6723  +0.0010 (0.01%)
  • USD/HKD  7.7591  +0.0002 (0.00%)
  • USD/JPY  102.0250  +0.0230 (0.02%)
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 Friday, 9/16/2016

 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&P 500.
:: 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 9/15 up  @  18,212.48  +177.71  (+0.99%)
:: Closed   (above 9/15 PP)  (above 9/16 PP)
  •   :: Pivot point (PP)   18159.36
  •   Support (s1)  18068.61       Support (s2)   17924.74
  •   Resistance (r1)   18303.23   Resistance (r2)   18393.98
  •   Simple Moving Average (Close 50):    18433.69       (uptrend)
  •   52 week performance  +8.80%  YTD performance  +4.52%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/15 up  @    5,249.69   +75.92  (+1.47%)
:: Closed   (above 9/15 PP)  (above 9/16 PP)
  •   :: Pivot point (PP)  5226.91
  •   Support (s1)   5199.03      Support (s2) 5148.38
  •   Resistance (r1)  5277.56    Resistance (r2)  5305.44
  •   Simple Moving Average (Close 50):  5162.80          (uptrend)
  •   52 week performance  +7.27%   YTD performance  +4.84%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/15 up  @   2,147.26   +21.49  (+1.01%)
:: Closed   (above 9/15 PP)  (above 9/16 PP)
  •   :: Pivot point (PP)  2140.31
  •   Support (s1)  2129.31        Support (s2)  2111.36
  •   Resistance (r1)  2158.26     Resistance (r2)  2169.26
  •   Simple Moving Average (Close 50):  2167.21         (uptrend)
  •   52 week performance  +7.89%  YTD performance  +5.05%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/15 up  @  1,189.82   +11.85  (+1.01%)
:: Closed   (above 9/15 PP)  (above 9/16 PP)
  •   :: Pivot point (PP)   1186.03
  •   Support (s1)  1180.05      Support (s2)  1170.27
  •   Resistance (r1)  1195.81   Resistance (r2)  1201.79
  •   Simple Moving Average (Close 50):  1200.52          (uptrend)
  •   52 week performance  +6.82%   YTD performance  +5.12%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/15 up  @  1,227.02   +15.43  (+1.27%)
:: Closed  (above 9/15 PP)  (above 9/16 PP)
  •   :: Pivot point (PP)  1221.83
  •   Support (s1)   1216.29      Support (s2)   1205.57
  •   Resistance (r1)  1232.55    Resistance (r2)  1238.09
  •   Simple Moving Average (Close 50):  1223.04          (uptrend)
  •   52 week performance  +4.41%    YTD performance   +8.02%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/15 up   @  1,270.40   +12.90  (+1.03%)
:: Closed   (above 9/15 PP)  (above 9/16 PP)
  •   :: Pivot point (PP)   1266.29
  •   Support (s1)   1259.98     Support (s2)  1249.55
  •   Resistance (r1)  1276.72   Resistance (r2)  1283.03
  •   Simple Moving Average (Close 50):   1280.13          (uptrend)
  •   52 week performance   +8.50%    YTD performance  +5.33%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/15 up  @   17.03    +0.14  (+0.83%)
:: Closed   (above 9/15 PP)  (above 9/16 PP)
  •   :: Pivot point (PP)    17.01
  •   Support (s1)    16.67      Support (s2)  16.32
  •   Resistance (r1)  17.36     Resistance (r2)  17.70
  •   Simple Moving Average (Close 50):  15.56          (uptrend)
  •   Simple Moving Average (Close 200)  18.25          (downtrend)
  •   :: Close (176 days) above/below (+/-) sma200  (-1.222) pts., or (-6.697%)
  •   :: 52 week performance  -23.18%   YTD performance  -24.94%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/15 down  @  16.30    -1.84 (-10.14%)
:: Closed  (below 9/15 PP)  (below 9/16 PP)
  •   :: Pivot point (PP)    16.70
  •   Support (s1)    15.34      Support (s2)   14.37
  •   Resistance (r1)  17.67     Resistance (r2)  19.03
  •   Simple Moving Average (Close 50): 12.96         (uptrend)
  •   :: 52 week performance   -26.84%   YTD performance  -10.49%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 9/16/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18099.13  …  17927.86
  •   Nasdaq……..  5291.50  …   5212.97  9/15
  •   S&P 500 ……  2163.76  …   2134.81
  •   Russell 1000 .  1198.80  …   1183.04
  •   Russell 2000 .  1235.32  …   1219.06
  •   Russell 3000 .  1279.88  …   1263.14
  •   CBOE TNX ……   17.53  …     16.84
  •   Volatility …    17.19  …     14.86
 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  9/15
  •   ——————————————-
  • 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, 9/12/2016   thru    Friday 9/16/2016  ——

Hope the above Index Support and Resistance calculations for Friday, 9/16/2016  help your investing and trading planning today …

 

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