Index Support and Resistance for Friday (9/23/2016)

   The Nasdaq Comp (NAS, .IXIC) posted a new year to date (ytd) Open, High, Low, and Close (O-H-L-C) also the new 52 week High at 5342.88, and closed at 5339.52 a back to back new ytd closing high.
   The Russell 2000 (INDEX RUSSELL: RUT) posted a new year to date (ytd) High, also the new 52 week High at 1263.46, and closed at 1263.44 a new ytd closing high.
  Note:  Thursday, the 50 day Simple Moving Average (Close 50) for the Volatility S&P500 (INDEX CBOE: VIX) down tick to 13.08  …  (down tick)
  Below you will find the Index Support and Resistance for Friday, 9/23/2016 as calculated from the changes in Index points through Thursday, 9/22/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
index-chart-20160922

 I.  Index performance Thursday, 9/22/2016

  • DJ Indu Avg  18,392.46  +98.76  (+0.54%)    (chart: blue)
  • Nasdaq ….       5,339.52  +44.34  (+0.84%)    (chart: gold)
  • S&P 500 …      2,177.18  +14.06  (+0.65%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,963.12  +31.80  (+0.40%)
  • Rus 1k (RUI)    1,207.30   +8.33  (+0.69%)
  • Rus 2k (RUT)  1,263.44  +18.40  (+1.48%)
  • Rus 3k (RUA)  1,290.51   +9.66  (+0.75%)
  • CBOE (TNX)       16.32   -0.36  (-2.16%)
  • Volatility(VIX)  12.02   -1.28  (-9.62%)
 I. a. Select stocks of interest, from Thursday, 9/22/2016
  • AAPL … 114.62  +1.07 (+0.94%)   After Hours: 114.69 +0.07 (+0.06%)
  • C ……  47.11  +0.21 (+0.45%)   After Hours:  47.16 +0.05 (+0.11%)
  • CHK ….   6.87  +0.13 (+1.93%)   After Hours:   6.85 -0.02 (-0.29%)
  • DHT ….   4.22  +0.08 (+1.93%)   After Hours:   4.22 +0.00 (+0.00%)
  • FH …..   2.67  +0.10 (+3.89%)
  • GE …..  30.04  +0.20 (+0.67%)   After Hours:  30.04 +0.00 (+0.00%)
  • JCP ….   9.76  -0.24 (-2.40%)   After Hours:   9.77 +0.01 (+0.10%)
  • MPC ….  42.69  -0.51 (-1.18%)   After Hours:  42.69 +0.00 (+0.00%)
  • MU …..  17.59  -0.07 (-0.40%)   After Hours:  17.59 +0.00 (+0.00%)
  • VZ …..  52.35  +0.48 (+0.93%)   After Hours:  52.35 +0.00 (+0.00%)
  •      select ETFs …
  • DIA …  183.66  +1.00 (+0.55%)
  • QQQ …  119.09  +0.94 (+0.80%)   After Hours: 119.10 +0.01 (+0.01%)
  • SPY …  217.18  +1.36 (+0.63%)   After Hours: 217.04 -0.14 (-0.06%)
  • GLD …  127.57  +0.30 (+0.24%)
  • SLV ….  18.90  +0.05 (+0.27%)
  • IWD …  106.37  +0.65 (+0.61%)
  • IWF …  105.14  +0.79 (+0.76%)
  • IWM …  125.70  +1.78 (+1.44%)
  • IWV …  129.25  +1.01 (+0.79%)
 I. b. Sector summary from Thursday, 9/22/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ………. +1.36%
  • Industrials ………………………….. +0.95%
  • Telecommunications Srvcs ……… +0.91%
  • Technology ………………………… +0.82%
  • Cyclical Cons. Goods …………. +0.77%
  • Financials ………………….. +0.72%
  • Energy ……………………… +0.68%
  • Utilities …………………… +0.67%
  • Healthcare ………………….. +0.66%
  • Basic Materials ……………… +0.60%

 II. Bonds, and/or Currencies, and/or Commodities from Thursday, 9/22/2016

  II. a.  USA  Bonds
  • 3 Month  0.18%  -0.02 (-10.00%)
  • 6 Month  0.38%  -0.01 (-2.56%)
  •  2 Year  0.77%  +0.01 (+1.32%)
  •  5 Year  1.16%  -0.01 (-0.85%)
  • 10 Year  1.62%  -0.01 (-0.61%)
  • 30 Year  2.34%  -0.01 (-0.43%)
  II. b.  Currencies
  • AUD/USD .. 0.7636  +0.0032 (0.42%)
  • EUR/USD .. 1.1159  +0.0006 (0.05%)
  • GBP/USD .. 1.2981  -0.0003 (-0.02%)
  • USD/CAD .. 1.3197  +0.0015 (0.12%)
  • USD/CNY .. 6.6726  +0.0018 (0.03%)
  • USD/HKD .. 7.7553  -0.0014 (-0.02%)
  • USD/JPY  100.3900  -1.1605 (-1.14%)
 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*       ( as expected, no rate increase  )
  • November 1-2
  • December 13-14*                        (54% probability of rate increase)
* 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, 9/23/2016

 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 9/22 up  @  18,392.46  +98.76  (+0.54%)
:: Closed   (above 9/22 PP)  (below 9/23 PP)
  •   :: Pivot point (PP)   18395.37
  •   Support (s1)   18340.85       Support (s2)   18289.25
  •   Resistance (r1)   18446.97    Resistance (r2)   18501.49
  •   Simple Moving Average (Close 50):    18435.10       (downtrend)
  •   52 week performance  +12.98%  YTD performance  +5.55%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/22 up  @    5,339.52  +44.34  (+0.84%)
:: Closed   (above 9/22 PP)  (above 9/23 PP)
  •   :: Pivot point (PP)  5334.44
  •   Support (s1)   5326.01      Support (s2)   5312.49
  •   Resistance (r1)  5347.96    Resistance (r2)   5356.39
  •   Simple Moving Average (Close 50):  5192.90          (uptrend)
  •   52 week performance  +12.78%   YTD performance  +6.63%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/22 up  @   2,177.18  +14.06  (+0.65%)
:: Closed   (above 9/22 PP)  (above 9/23 PP)
  •   :: Pivot point (PP)  2176.04
  •   Support (s1)  2172.08        Support (s2)  2166.99
  •   Resistance (r1)  2181.13     Resistance (r2)  2185.09
  •   Simple Moving Average (Close 50):  2168.99         (uptrend)
  •   52 week performance  +12.68%  YTD performance  +6.52%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/22 up  @  1,207.30   +8.33  (+0.69%)
:: Closed   (above 9/22 PP)  (above 9/23 PP)
  •   :: Pivot point (PP)   1205.19
  •   Support (s1)  1201.75      Support (s2)  1196.20
  •   Resistance (r1)  1210.74   Resistance (r2)  1214.18
  •   Simple Moving Average (Close 50):  1201.65          (uptrend)
  •   52 week performance  +11.59%   YTD performance  +6.66%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/22 up  @  1,263.44  +18.40  (+1.48%)
:: Closed  (above 9/22 PP)  (above 9/23 PP)
  •   :: Pivot point (PP)  1257.78
  •   Support (s1)   1252.09      Support (s2)   1240.75
  •   Resistance (r1)  1269.12    Resistance (r2)  1274.81
  •   Simple Moving Average (Close 50):  1228.44          (uptrend)
  •   52 week performance  +10.82%    YTD performance   +11.23%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/22 up   @  1,290.51   +9.66  (+0.75%)
:: Closed   (above 9/22 PP)  (above 9/23 PP)
  •   :: Pivot point (PP)   1288.70
  •   Support (s1)   1285.61     Support (s2)  1280.71
  •   Resistance (r1)  1293.60   Resistance (r2)  1296.69
  •   Simple Moving Average (Close 50):   1281.95          (uptrend)
  •   52 week performance   +12.15%    YTD performance  +7.00%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/22 down  @   16.32   -0.36  (-2.16%)
:: Closed   (below 9/22 PP)  (above 9/23 PP)
  •   :: Pivot point (PP)    16.29
  •   Support (s1)    16.11      Support (s2)  15.89
  •   Resistance (r1)  16.51     Resistance (r2)  16.69
  •   Simple Moving Average (Close 50):  15.81          (uptrend)
  •   Simple Moving Average (Close 200)  18.11          (downtrend)
  •   :: Close (181 days) above/below (+/-) sma200  (-1.788) pts., or (-9.875%)
  •   :: 52 week performance  -23.02%   YTD performance  -28.07%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/22 down  @  12.02   -1.28  (-9.62%)
:: Closed  (below 9/22 PP)  (below 9/23 PP)
  •   :: Pivot point (PP)    12.39
  •   Support (s1)    11.39      Support (s2)   10.76
  •   Resistance (r1)  13.02     Resistance (r2)  14.02
  •   Simple Moving Average (Close 50):  13.08         (down tick)
  •   :: 52 week performance   -49.11%   YTD performance  -33.99%
  •     –   –   –   –           –   –   –   –
 IV.  Index “projected” Highs and Lows for Friday, 9/23/2016
  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18474.23  …  18368.11
  •   Nasdaq……..  5352.18  …   5330.23
  •   S&P 500 ……  2183.11  …   2174.06
  •   Russell 1000 .  1212.46  …   1203.47
  •   Russell 2000 .  1271.97  …   1254.94
  •   Russell 3000 .  1295.15  …   1287.16
  •   CBOE TNX ……   16.40  …     16.00
  •   Volatility …    12.71  …     11.08
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • DJI Avg   ….  18668.44 ..   15450.56 .. (17425.03)  n/c
  • Nasdaq ……   5342.88 c+   4209.76 ..  (5007.41)  c+*  9/22
  • 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)   1263.46 c+     943.10 ..  (1135.89)  c+*  9/22
  • 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 Friday, 9/23/2016  help your investing and trading planning today …

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