Index Support and Resistance for Wednesday (9/28/2016)

Surprise! Surprise!  There may be an OPEC agreement on production in the making.   I guess we’ll soon find out.

  Below you will find the Index Support and Resistance for Wednesday, 9/28/2016 as calculated from the changes in Index points through Tuesday, 9/27/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
index-chart-20160927

 I.  Index performance Tuesday, 9/27/2016

  • DJ Indu Avg  18,228.30  +133.47  (+0.74%)    (chart: blue)
  • Nasdaq  ….      5,305.71   +48.22  (+0.92%)    (chart: gold)
  • S&P 500  …     2,159.93   +13.83  (+0.64%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,981.09   +66.40  (+0.84%)
  • Rus 1k (RUI)  1,197.64    +7.00  (+0.59%)
  • Rus 2k (RUT)  1,246.38    +5.44  (+0.44%)
  • Rus 3k (RUA)  1,279.64    +7.33  (+0.58%)
  • CBOE (TNX)       15.56    -0.33  (-2.08%)
  • Volatility(VIX)  13.10    -1.40  (-9.66%)
 I. a. Select stocks of interest, from Tuesday, 9/27/2016
  • AAPL … 113.09  +0.21 (+0.19%)   After Hours: 113.05 -0.04 (-0.04%)
  • C ……  46.37  +0.49 (+1.07%)   After Hours:  46.32 -0.05 (-0.11%)
  • CHK ….   6.23  -0.39 (-5.89%)   After Hours:   6.28 +0.05 (+0.80%)
  • DHT ….   4.13  +0.05 (+1.23%)   After Hours:   4.13 +0.00 (+0.00%)
  • FH …..   2.74  -0.05 (-1.79%)
  • GE …..  29.88  +0.34 (+1.15%)   After Hours:  29.88 +0.00 (+0.00%)
  • JCP ….   9.55  -0.02 (-0.21%)   After Hours:   9.53 -0.02 (-0.21%)
  • MPC ….  41.85  +0.37 (+0.89%)   After Hours:  41.85 +0.00 (+0.00%)
  • MU …..  18.00  +0.64 (+3.69%)   After Hours:  18.00 +0.00 (+0.00%)
  • VZ …..  52.49  +0.34 (+0.65%)   After Hours:  52.49 +0.00 (+0.00%)
  •      select ETFs …
  • DIA …  182.00  +1.25 (+0.69%)
  • QQQ …  118.50  +1.16 (+0.99%)   After Hours: 118.49 -0.01 (-0.01%)
  • SPY …  215.57  +1.33 (+0.62%)
  • GLD …  126.62  -0.93 (-0.73%)
  • SLV ….  18.17  -0.24 (-1.30%)
  • IWD …  104.69  +0.34 (+0.33%)
  • IWF …  104.30  +0.75 (+0.72%)
  • IWM …  123.73  +0.50 (+0.41%)
  • IWV …  127.73  +0.76 (+0.60%)
 I. b. Sector summary from Tuesday, 9/27/2016
Sector Change +/-% (best (or least worst) to worst)
  • Technology ……………………………. +1.16%
  • Non-Cyclical Cons. Goods ………. +0.86%
  • Cyclical Cons. Goods ………….. +0.77%
  • Industrials …………………….. +0.72%
  • Healthcare …………………… +0.56%
  • Telecommunications Srvcs ………. +0.51%
  • Financials …………………………. +0.38%
  • Basic Materials ………………. +0.16%
  • Energy …………………… -0.47%
  • Utilities ………………… -0.86%

 II. Bonds, and/or Currencies, and/or Commodities from Tuesday, 9/27/2016

  II. a.  USA  Bonds
  • 3 Month  0.21%  +0.03 (+16.67%)
  • 6 Month  0.42%  +0.02 (+5.00%)
  •  2 Year  0.73%  +0.00 (+0.00%)
  •  5 Year  1.11%  +0.02 (+1.83%)
  • 10 Year  1.56%  +0.01 (+0.65%)
  • 30 Year  2.28%  -0.01 (-0.44%)
  II. b.  Currencies
  • AUD/USD .. 0.7669  +0.0001 (+0.01%)
  • EUR/USD .. 1.1204  -0.0013 (-0.11%)
  • GBP/USD .. 1.2997  -0.0014 (-0.10%)
  • USD/CAD .. 1.3225  +0.0015 (+0.12%)
  • USD/CNY .. 6.6704  +0.0002 (+0.00%)
  • USD/HKD .. 7.7547  -0.0004 (-0.01%)
  • USD/JPY  100.5820  +0.0920 (+0.09%)
 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 Wednesday, 9/28/2016

 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 9/27 up  @  18,228.30  +133.47  (+0.74%)
:: Closed   (above 9/27 PP)  (above 9/28 PP)
  •   :: Pivot point (PP)   18172.85
  •   Support (s1)  18107.61       Support (s2)   17986.91
  •   Resistance (r1)   18293.55   Resistance (r2)   18358.79
  •   Simple Moving Average (Close 50):    18415.67       (downtrend)
  •   52 week performance  +13.91%  YTD performance  +4.61%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/27 up  @    5,305.71   +48.22  (+0.92%)
:: Closed   (above 9/27 PP)  (above 9/28 PP)
  •   :: Pivot point (PP)  5287.95
  •   Support (s1)   5269.08      Support (s2) 5232.46
  •   Resistance (r1)  5324.57    Resistance (r2)  5343.44
  •   Simple Moving Average (Close 50):  5207.89          (uptrend)
  •   52 week performance  +17.45%   YTD performance  +5.96%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/27 up  @   2,159.93   +13.83  (+0.64%)
:: Closed   (above 9/27 PP)  (above 9/28 PP)
  •   :: Pivot point (PP)  2154.20
  •   Support (s1)  2147.28        Support (s2)  2134.62
  •   Resistance (r1)  2166.86     Resistance (r2)  2173.78
  •   Simple Moving Average (Close 50):  2168.55         (down tick)
  •   52 week performance  +14.64%  YTD performance  +5.67%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/27 up  @  1,197.64    +7.00  (+0.59%)
:: Closed   (above 9/27 PP)  (above 9/28 PP)
  •   :: Pivot point (PP)   1194.72
  •   Support (s1)  1191.08      Support (s2)  1184.53
  •   Resistance (r1)  1201.27   Resistance (r2)  1204.91
  •   Simple Moving Average (Close 50):  1201.56          (downtrend)
  •   52 week performance  +14.28%   YTD performance  +5.81%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/27 up  @  1,246.38    +5.44  (+0.44%)
:: Closed  (above 9/27 PP)  (above 9/28 PP)
  •   :: Pivot point (PP)  1243.94
  •   Support (s1)   1240.75      Support (s2)   1235.13
  •   Resistance (r1)  1249.56    Resistance (r2)  1252.75
  •   Simple Moving Average (Close 50):  1230.97          (uptrend)
  •   52 week performance  +14.29%    YTD performance   +9.73%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/27 up   @  1,279.64    +7.33  (+0.58%)
:: Closed   (above 9/27 PP)  (above 9/28 PP)
  •   :: Pivot point (PP)   1276.57
  •   Support (s1)   1272.76     Support (s2)  1265.87
  •   Resistance (r1)  1283.46   Resistance (r2)  1287.27
  •   Simple Moving Average (Close 50):   1282.30          (downtrend)
  •   52 week performance   +12.17%    YTD performance  +6.10%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/27 down  @   15.56    -0.33  (-2.08%)
:: Closed   (below 9/27 PP)  (below 9/28 PP)
  •   :: Pivot point (PP)    15.59
  •   Support (s1)    15.43      Support (s2)  15.30
  •   Resistance (r1)  15.72     Resistance (r2)  15.88
  •   Simple Moving Average (Close 50):  15.84          (uptrend)
  •   Simple Moving Average (Close 200)  18.01          (downtrend)
  •   :: Close (184 days) above/below (+/-) sma200  (-2.449) pts., or (-13.599%)
  •   :: 52 week performance  -24.25%   YTD performance  -31.42%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/27 down  @  13.10    -1.40  (-9.66%)
:: Closed  (below 9/27 PP)  (below 9/28 PP)
  •   :: Pivot point (PP)    13.61
  •   Support (s1)    12.46      Support (s2)   11.82
  •   Resistance (r1)  14.25     Resistance (r2)  15.40
  •   Simple Moving Average (Close 50):  13.14         (uptrend)
  •   :: 52 week performance   -46.53%   YTD performance  -28.06%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Wednesday, 9/28/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18326.17  …  18140.23
  •   Nasdaq……..  5334.01  …   5278.52
  •   S&P 500 ……  2170.32  …   2150.74
  •   Russell 1000 .  1203.09  …   1192.90
  •   Russell 2000 .  1251.16  …   1242.35
  •   Russell 3000 .  1285.37  …   1274.67
  •   CBOE TNX ……   15.66  …     15.37
  •   Volatility …    13.93  …     12.14
 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 Wednesday, 9/28/2016   help your investing and trading planning today …

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