Index Support and Resistance for Tuesday (9/20/2016)

 

  Monday, despite Indices closing slightly lower, the US Composite showed 1537 issues advancing, 671  declining, and 35 unchanged.    The Dow Jones Transportation Average (INDEX DJT, .DJT) closed +22.05 points up at 7,792.38 points or  (+0.28%).
  The FOMC meeting (September 20-21*) is now here and a work in progress  with an expected Summary of Economic Projections and a press conference by the Fed Chairperson  Ms. J. Yellen after the FOMC meeting concludes.  Expect 1.8 days of increased volatility as Mr. & Ms. Fickle Markets react to every rumor, hint, and innuendo as to what the FED is ready to do …. or not do (… before a US National election …)
     ————————————-
  Below you will find the Index Support and Resistance for Tuesday, 9/20/2016 as calculated from the changes in Index points through Monday, 9/19/2016’s close.    See  below for Section IV.   Index “projected” Highs and Lows for today’s day and date.
         ————————————
index-chart-20160919

 I.  Index performance Monday, 9/19/2016

  • DJ Indu Avg  18,120.17  -3.63  (-0.02%)    (chart: blue)
  • Nasdaq        5,235.03  -9.54  (-0.18%)    (chart: gold)
  • S&P 500       2,139.12  -0.04  (-0.00%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,792.38  +22.05 (+0.28%)
  • Rus 1k (RUI)  1,186.03  +0.63 (0.05%)
  • Rus 2k (RUT)  1,232.53  +7.75 (0.63%)
  • Rus 3k (RUA)  1,267.09  +1.22 (0.10%)
  • CBOE (TNX)       16.96  -0.05 (-0.29%)
  • Volatility(VIX)  15.53  +0.16 (1.04%)
 I. a. Select stocks of interest, from Monday, 9/19/2016
  • AAPL … 113.58  -1.34 (-1.17%)   After Hours: 113.40 -0.18 (-0.16%)
  • C ……  46.59  +0.18 (0.39%)   After Hours: 46.60 +0.01 (0.02%)
  • CHK ….   6.81  -0.54 (-7.35%)   After Hours: 6.47 -0.34 (-4.99%)
  • DHT ….   4.21  +0.05 (1.20%)   After Hours: 4.23 +0.02 (0.48%)
  • FH …..   2.58  -0.09 (-3.37%)
  • GE …..  29.43  -0.25 (-0.84%)   After Hours: 29.44 +0.01 (0.03%)
  • JCP ….  10.09  -0.01 (-0.10%)   After Hours: 10.10 +0.01 (0.10%)
  • MPC ….  43.73  +0.11 (0.25%)   After Hours: 43.73 0.00 (0.00%)
  • MU …..  16.95  -0.53 (-3.03%)   After Hours: 17.00 +0.05 (0.29%)
  • VZ …..  51.20  -0.68 (-1.31%)   After Hours: 51.25 +0.05 (0.10%)
  •      select ETFs …
  • DIA …  180.98  +0.01 (0.01%)
  • QQQ …  116.78  -0.51 (-0.43%)   After Hours: 116.77 -0.01 (-0.01%)
  • SPY …  213.41  +0.04 (0.02%)
  • GLD …  125.32  +0.26 (0.21%)
  • SLV ….  18.20  +0.34 (1.90%)
  • IWD …  104.58  +0.18 (0.17%)
  • IWF …  103.16  -0.12 (-0.12%)
  • IWM …  122.67  +0.81 (0.66%)
  • IWV …  126.89  +0.15 (0.12%)
 I. b. Sector summary from Monday, 9/19/2016
Sector Change +/-% (best (or least worst) to worst)
  • Utilities …………………… +1.01%
  • Basic Materials ……………… +0.80% 
  • Non-Cyclical Cons. Goods ……… +0.60%  
  • Financials ………………….. +0.45%
  • Industrials …………………. +0.41% 
  • Energy ……………………… +0.15%  
  • Telecommunications Srvcs ……… +0.06%
  • Technology ………………….. +0.02%
  • Cyclical Cons. Goods …………. -0.04% 
  • Healthcare ………………….. -0.19% 

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 9/19/2016

  II. a.  USA  Bonds
  • 3 Month  0.24%  -0.04 (-14.29%)
  • 6 Month  0.46%  -0.02 (-4.17%)
  •  2 Year  0.77%  +0.00 (+0.00%)
  •  5 Year  1.22%  +0.02 (+1.67%)
  • 10 Year  1.71%  +0.02 (+1.18%)
  • 30 Year  2.45%  +0.02 (+0.82%)
  II. b.  Currencies
  • AUD/USD .. 0.7548  +0.0013 (+0.17%)
  • EUR/USD .. 1.1174  -0.0003 (-0.03%)
  • GBP/USD .. 1.3040  +0.0000 (+0.00%)
  • USD/CAD .. 1.3211  +0.0008 (+0.06%)
  • USD/CNY .. 6.6690  +0.0012 (+0.02%)
  • USD/HKD .. 7.7571  -0.0007 (-0.01%)
  • USD/JPY  101.7900  -0.0540 (-0.05%)
 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)
 Remaining 2016  meetings:    ( FOMC  Calendar & info )
  •  
  • September 20-21*              ( meeting 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, 9/20/2016

 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 9/19 down  @  18,120.17  -3.63  (-0.02%)
:: Closed   (below 9/19 PP)  (below 9/20 PP)
  •   :: Pivot point (PP)   18156.03
  •   Support (s1)   18057.19       Support (s2)   17994.20
  •   Resistance (r1)   18219.02    Resistance (r2)   18317.86
  •   Simple Moving Average (Close 50):    18437.71       (down tick)
  •   52 week performance  +10.59%  YTD performance  +3.99%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/19 down  @    5,235.03  -9.54  (-0.18%)
:: Closed   (below 9/19 PP)  (below 9/20 PP)
  •   :: Pivot point (PP)  5246.34
  •   Support (s1)   5211.60      Support (s2)   5188.18
  •   Resistance (r1)  5269.76    Resistance (r2)   5304.50
  •   Simple Moving Average (Close 50):  5175.72          (uptrend)
  •   52 week performance  +8.41%   YTD performance  +4.55%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/19 down  @   2,139.12  -0.04  (-0.00%)
:: Closed   (above 9/19 PP)  (below 9/20 PP)
  •   :: Pivot point (PP)  2142.88
  •   Support (s1)  2132.15        Support (s2)  2125.18
  •   Resistance (r1)  2149.85     Resistance (r2)  2160.58
  •   Simple Moving Average (Close 50):  2168.22         (uptrend)
  •   52 week performance  +8.75%  YTD performance  +4.66%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/19 up  @  1,186.03  +0.63 (0.05%)
:: Closed   (above 9/19 PP)  (below 9/20 PP)
  •   :: Pivot point (PP)   1187.96
  •   Support (s1)  1182.04      Support (s2)  1178.05
  •   Resistance (r1)  1191.95   Resistance (r2)  1197.87
  •   Simple Moving Average (Close 50):  1201.14          (uptrend)
  •   52 week performance  +8.43%   YTD performance  +4.78%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/19 up  @  1,232.53  +7.75 (0.63%)
:: Closed  (above 9/19 PP)  (below 9/20 PP)
  •   :: Pivot point (PP)  1232.72
  •   Support (s1)   1225.45      Support (s2)   1218.38
  •   Resistance (r1)  1239.79    Resistance (r2)  1247.06
  •   Simple Moving Average (Close 50):  1225.65          (uptrend)
  •   52 week performance  +5.95%    YTD performance   +8.51%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/19 up   @  1,267.09  +1.22 (0.10%)
:: Closed   (above 9/19 PP)  (below 9/20 PP)
  •   :: Pivot point (PP)   1269.05
  •   Support (s1)   1262.68     Support (s2)  1258.27
  •   Resistance (r1)  1273.46   Resistance (r2)  1279.83
  •   Simple Moving Average (Close 50):   1281.37          (uptrend)
  •   52 week performance   +9.23%    YTD performance  +5.06%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/19 down  @   16.96  -0.05 (-0.29%)
:: Closed   (above 9/19 PP)  (above 9/20 PP)
  •   :: Pivot point (PP)    16.96
  •   Support (s1)    16.86      Support (s2)  16.77
  •   Resistance (r1)  17.05     Resistance (r2)  17.15
  •   Simple Moving Average (Close 50):  15.68          (uptrend)
  •   Simple Moving Average (Close 200)  18.20          (downtrend)
  •   :: Close (178 days) above/below (+/-) sma200  (-1.240) pts., or (-6.811%)
  •   :: 52 week performance  -23.40%   YTD performance  -25.25%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/19 up  @  15.53  +0.16 (1.04%)
:: Closed  (below 9/19 PP)  (above 9/20 PP)
  •   :: Pivot point (PP)    15.36
  •   Support (s1)    14.77      Support (s2)   14.00
  •   Resistance (r1)  16.13     Resistance (r2)  16.72
  •   Simple Moving Average (Close 50):  13.05         (uptrend)
  •   :: 52 week performance   -30.79%   YTD performance  -14.72%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Tuesday, 9/20/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18187.53  …  18025.70
  •   Nasdaq……..  5258.05  …   5199.89
  •   S&P 500 ……  2146.37  …   2128.67
  •   Russell 1000 .  1194.91  …   1185.00
  •   Russell 2000 .  1243.43  …   1229.09
  •   Russell 3000 .  1271.26  …   1260.48
  •   CBOE TNX ……   17.10  …     16.91
  •   Volatility …    16.43  …     15.07
 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, 9/19/2016   thru    Friday 9/23/2016  ——

Hope the above Index Support and Resistance calculations for Tuesday, 9/20/2016  help your investing and trading planning today …

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One thought on “Index Support and Resistance for Tuesday (9/20/2016)

  1. The FED KNOWS were in a global economy, knows that when the BOJ resorts to more QE … traders BUY the yen .. (strengthening the yen and defeating QE) while selling US dollars (weakening the USD … making US exports, commodities, etc. more favorable) Globally, QE isn’t working because Mr. & Ms. Fickle Markets are intentionally working to undermine the Central Bank efforts to EXTEND QE. More QE is DOOMED to fail because traders are BITING the hands of the Central Banks that feed them. The E-V-I-D-E-N-C-E is in the numbers. The numbers and the MATH do not lie …

    Interest rates, Bonds, currencies … jobs, economic growth, fair wages … and more … Central Banks NEED the help of their respective governments. Even here in the USA our elected, PAID representatives …. are sitting on their hands because of the upcoming elections …. so, the banks are parking additional reserves at the FED which means those monies are NO HELP to the USA economy.

    Sadly, not just my humble opinion … just what the evidence says …

    If Mr. & Ms. Fickle Markets don’t stop undermining QE … the only recourse, IMHO, the Central Banks will have left will be to collectively raise rates 0.25 points … that mitigates currency issues … strengthens the future prospective earnings of the Financial Sector … and Banks might just start putting more money to work in their respective local economies.

    Like

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