Index Support and Resistance for Monday (9/26/2016)

 

  The markets Friday, and Monday, will be about crude, and the Presidential debates coming up before the November election.  The President, as the Chief Executive and Commander in Chief, does have some power to make autonomous decisions; however, when it comes to laws, rules, and regulations, it will be up to the US Congress to start WORKING for the people they are being PAID to serve  … or RESIGN!
  As to crude, most people aren’t following that Saudi Arabia is paying to ship and store crude that hasn’t been purchased yet … to Japan and to storage in China HOPING to supply crude to China’s vision of a 100 day Strategic Petroleum Reserve. Compare that to the USA’s 35 day SPR.  China has 1.4 Billion people … the USA 340 million people.   How many barrels of crude will comprise a 100 day China SPR?
On a day like this it helps to know the Pivot Points, Supports, Resistances … and more
  •    This week has the last five trading days in September 2016.
  •  Despite closing down Friday, the Nasdaq Composite (NAS, .IXIC) posted a new year to date (ytd) Opening High at 5327.43.
  •  Despite closing down Friday, the Russell 2000 Index (RUT) posted a new year to date (ytd) Opening High at 1262.94.
         ————————————
  Below you will find the Index Support and Resistance for Monday, 9/26/2016 as calculated from the changes in Index points through Friday, 9/23/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for Monday.
         ————————————
index-chart-20160923

 I.  Index performance Friday, 9/23/2016

  • DJ Indu Avg  18,261.45  -131.01  (-0.71%)    (chart: blue)
  • Nasdaq        5,305.75   -33.78  (-0.63%)    (chart: gold)
  • S&P 500       2,164.69   -12.49  (-0.57%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,936.99   -26.13  (-0.33%)
  • Rus 1k (RUI)  1,200.47    -6.83  (-0.57%)
  • Rus 2k (RUT)  1,254.62    -8.82  (-0.70%)
  • Rus 3k (RUA)  1,283.07    -7.43  (-0.58%)
  • CBOE (TNX)       16.15    -0.17  (-1.04%)
  • Volatility(VIX)  12.29    +0.27  (+2.25%)
 I. a. Select stocks of interest, from Friday, 9/23/2016
  • AAPL … 112.71  -1.91 (-1.67%)
  • C ……. 47.15  +0.04 (+0.08%)
  • CHK …… 6.63  -0.24 (-3.49%)
  • DHT …… 4.17  -0.05 (-1.18%)
  • FH ……. 2.79  +0.12 (+4.49%)
  • GE …..  29.89  -0.15 (-0.50%)
  • JCP ….   9.78  +0.02 (+0.20%)
  • MPC ….  42.28  -0.41 (-0.96%)
  • MU …..  17.48  -0.11 (-0.63%)
  • VZ …..  52.56  +0.21 (+0.40%)
  •      select ETFs …
  • DIA …  182.42  -1.24 (-0.68%)
  • QQQ …  118.33  -0.76 (-0.64%)
  • SPY …  215.99  -1.19 (-0.55%)
  • GLD …  127.65  +0.08 (+0.06%)
  • SLV ….  18.68  -0.22 (-1.16%)
  • IWD …  105.76  -0.61 (-0.57%)
  • IWF …  104.63  -0.51 (-0.49%)
  • IWM …  124.81  -0.89 (-0.71%)
  • IWV …  128.53  -0.72 (-0.56%)
 I. b. Sector summary from Friday, 9/23/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ………. -0.08%
  • Cyclical Cons. Goods ………….. -0.38%
  • Utilities ……………………  -0.44%
  • Healthcare …………………… -0.47%
  • Telecommunications Srvcs ………. -0.48%
  • Basic Materials ………………. -0.61% 
  • Industrials ………………….. -0.72%
  • Financials …………………… -0.74%
  • Technology …………………… -0.82%
  • Energy ………………………. -1.37%

 II. Bonds, and/or Currencies, and/or Commodities from Friday, 9/23/2016

  II. a.  USA  Bonds
  • 3 Month  0.16%  +0.00  (+0.00%)
  • 6 Month  0.36%  +0.00  (+0.00%)
  •  2 Year  0.75%  -0.02  (-2.60%)
  •  5 Year  1.16%  +0.00  (+0.00%)
  • 10 Year  1.62%  +0.01  (+0.62%)
  • 30 Year  2.35%  +0.02  (+0.86%)
  II. b.  Currencies
  • AUD/USD .. 0.7615  -0.0001 (-0.01%)
  • EUR/USD .. 1.1227  -0.0012 (-0.11%)
  • GBP/USD .. 1.2978  +0.0002 (+0.01%)
  • USD/CAD .. 1.3172  +0.0020 (+0.15%)
  • USD/CNY .. 6.6644  +0.0062 (+0.09%)
  • USD/HKD .. 7.7563  +0.0001 (+0.00%)
  • USD/JPY  100.9845  +0.0730 (+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*       ( 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 Monday, 9/26/2016

 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 9/23 down  @  18,261.45  -131.01  (-0.71%)
:: Closed   (below 9/23 PP)  (below 9/26 PP)
  •   :: Pivot point (PP)   18300.02
  •   Support (s1)  18216.27       Support (s2)   18171.10
  •   Resistance (r1)   18345.19   Resistance (r2)   18428.94
  •   Simple Moving Average (Close 50):    18430.20       (uptrend)
  •   52 week performance  +12.72%  YTD performance  +4.80%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/23 down  @    5,305.75   -33.78  (-0.63%)
:: Closed   (below 9/23 PP)  (below 9/26 PP)
  •   :: Pivot point (PP)  5312.36
  •   Support (s1)   5295.02      Support (s2) 5284.28
  •   Resistance (r1)  5323.10    Resistance (r2)  5340.44
  •   Simple Moving Average (Close 50):  5198.33          (uptrend)
  •   52 week performance  +13.21%   YTD performance  +5.96%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/23 down  @   2,164.69   -12.49  (-0.57%)
:: Closed   (below 9/23 PP)  (below 9/26 PP)
  •   :: Pivot point (PP)  2167.47
  •   Support (s1)  2161.19        Support (s2)  2157.69
  •   Resistance (r1)  2170.97     Resistance (r2)  2177.25
  •   Simple Moving Average (Close 50):  2169.01         (uptrend)
  •   52 week performance  +12.08%  YTD performance  +5.91%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/23 down  @  1,200.47    -6.83  (-0.57%)
:: Closed   (below 9/23 PP)  (below 9/26 PP)
  •   :: Pivot point (PP)   1202.56
  •   Support (s1)  1198.06      Support (s2)  1195.65
  •   Resistance (r1)  1204.97   Resistance (r2)  1209.47
  •   Simple Moving Average (Close 50):  1201.71          (uptrend)
  •   52 week performance  +11.39%   YTD performance  +6.06%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/23 down  @  1,254.62    -8.82  (-0.70%)
:: Closed  (below 9/23 PP)  (below 9/26 PP)
  •   :: Pivot point (PP)  1257.37
  •   Support (s1)   1251.81      Support (s2)   1248.99
  •   Resistance (r1)  1260.19    Resistance (r2)  1265.75
  •   Simple Moving Average (Close 50):  1229.49          (uptrend)
  •   52 week performance  +10.29%    YTD performance   +10.45%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/23 down   @  1,283.07    -7.43  (-0.58%)
:: Closed   (below 9/23 PP)  (below 9/26 PP)
  •   :: Pivot point (PP)   1285.03
  •   Support (s1)   1280.83     Support (s2)  1278.58
  •   Resistance (r1)  1287.28   Resistance (r2)  1291.48
  •   Simple Moving Average (Close 50):   1282.29          (uptrend)
  •   52 week performance   +14.57%    YTD performance  +6.38%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/23 down  @   16.15    -0.17  (-1.04%)
:: Closed   (below 9/23 PP)  (below 9/26 PP)
  •   :: Pivot point (PP)    16.18
  •   Support (s1)    16.05      Support (s2)  15.94
  •   Resistance (r1)  16.29     Resistance (r2)  16.42
  •   Simple Moving Average (Close 50):  15.83          (uptrend)
  •   Simple Moving Average (Close 200)  18.08          (downtrend)
  •   :: Close (182 days) above/below (+/-) sma200  (-1.925) pts., or (-10.652%)
  •   :: 52 week performance  -25.51%   YTD performance  -28.82%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/23 up  @  12.29    +0.27  (+2.25%)
:: Closed  (below 9/23 PP)  (above 9/26 PP)
  •   :: Pivot point (PP)    12.27
  •   Support (s1)    11.95      Support (s2)   11.62
  •   Resistance (r1)  12.60     Resistance (r2)  12.92
  •   Simple Moving Average (Close 50):  13.08         (downtrend)
  •   :: 52 week performance   -55.52%   YTD performance  -32.51%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Monday, 9/26/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18322.61  …  18193.69
  •   Nasdaq……..  5317.73  …   5289.65
  •   S&P 500 ……  2169.22  …   2159.44
  •   Russell 1000 .  1203.77  …   1196.86
  •   Russell 2000 .  1258.78  …   1250.40
  •   Russell 3000 .  1286.16  …   1279.71
  •   CBOE TNX ……   16.24  …     16.00
  •   Volatility …    12.76  …     12.11
 V.  Index: 52week High,  52week Low, (Close 12/31/15)
  • DJI Avg   ..  18668.44 ..  15450.56 .. (17425.03)  n/c
  • Nasdaq …..   5342.88 ..   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)   1263.46 ..    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, 9/26/2016   thru    Friday 9/30/2016  ——

Hope the above Index Support and Resistance calculations for Monday, 9/26/2016  help your investing and trading planning today …

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