Index Support and Resistance for Tuesday (10/4/2016)

 

  Stocks and Indices pulled back in light trading Monday as investors and traders sold real estate companies and utilities.  The selling was modest, but broad based.  Eight of the 11 sectors of the Standard and Poor’s 500 Index closed down for the day.
         ————————————
On Monday, the Dow Jones Industrial Average (DJIA, .DJI) pulled back -54.30 points, or -0.3 percent, to 18,253.85.  Year to date (ytd), the Dow is up 828.82 points, or 4.8 percent.
On Monday, the S&P 500 Index (SPX, .INX) pulled back -7.07 points, or -0.3 percent, to 2,161.20.  Year to date (ytd), the S&P 500 is up 117.26 points, or 5.7 percent.
On Monday, the Nasdaq Composite (NAS, .IXIC) pulled back -11.13 points, or -0.2 percent, to 5,300.87.  Year to date (ytd), the Nasdaq is up 293.46 points, or 5.9 percent.
         ————————————
 The week to date (Friday (9/30) close to Friday (10/7) close)
 The DJ Industrial Average (DJIA, .DJI) pulled back -54.30 points.
The Nasdaq Composite (NAS, .IXIC) pulled back -11.13 points.
The S&P 500 (SPX, .INX) pulled back -7.07 points.
         ————————————
  Below you will find the Index Support and Resistance for Tuesday, 10/4/2016 as calculated from the changes in Index points through Monday, 10/3/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————

index-chart-20161003

 I.  Index performance Monday, 10/3/2016

  • DJ Indu Avg  18,253.85  -54.30  (-0.30%)    (chart: blue)
  • Nasdaq        5,300.87  -11.13  (-0.21%)    (chart: gold)
  • S&P 500       2,161.20   -7.07  (-0.33%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  8,099.38  +20.59  (+0.25%)
  • Rus 1k (RUI)  1,198.31   -3.94  (-0.33%)
  • Rus 2k (RUT)  1,245.78   -5.86  (-0.47%)
  • Rus 3k (RUA)  1,280.25   -4.35  (-0.34%)
  • CBOE (TNX)       16.22   +0.14  (+0.87%)
  • Volatility(VIX)  13.57   +0.28  (+2.11%)
 I. a. Select stocks of interest, from Monday, 10/3/2016
  • AAPL … 112.52  -0.53  (-0.47%)   After Hours: 112.63 +0.11 (+0.10%)
  • C ……  47.03  -0.20  (-0.42%)   After Hours:  47.08 +0.05 (+0.11%)
  • CHK ….   6.40  +0.13  (+2.07%)   After Hours:   6.40 +0.00 (+0.00%)
  • DHT ….   4.09  -0.10  (-2.39%)   After Hours:   4.08 -0.01 (-0.31%)
  • FH …..   3.07  +0.38 (+14.13%)   After Hours:   3.17 +0.10 (+3.26%)
  • GE …..  29.64  +0.02  (+0.07%)
  • JCP ….   9.01  -0.22  (-2.44%)   After Hours:   9.01 -0.00 (-0.00%)
  • MPC ….  40.96  +0.38  (+0.94%)   After Hours:  40.96 +0.00 (+0.00%)
  • MU …..  17.73  -0.05  (-0.28%)   After Hours:  17.75 +0.02 (+0.11%)
  • VZ …..  51.88  -0.10  (-0.19%)   After Hours:  51.89 +0.01 (+0.02%)
  •      select ETFs …
  • DIA …  182.32  -0.46  (-0.25%)
  • QQQ …  118.55  -0.17  (-0.14%)   After Hours: 118.71 +0.16 (+0.13%)
  • SPY …  215.78  -0.52  (-0.24%)
  • GLD …  125.32  -0.32  (-0.25%)
  • SLV ….  17.87  -0.33  (-1.81%)
  • IWD …  105.21  -0.41  (-0.39%)
  • IWF …  103.92  -0.25  (-0.24%)
  • IWM …  123.82  -0.39  (-0.31%)
  • IWV …  127.75  -0.44  (-0.34%)
 I. b. Sector summary from Monday, 10/3/2016
Sector Change +/-% (best (or least worst) to worst)
  • Telecommunications Srvcs ……….. +0.19%
  • Cyclical Cons. Goods …………… +0.01%
  • Energy ……………………….. +0.01% 
  • Industrials ………………. -0.03%
  • Healthcare ……………….. -0.07%
  • Non-Cyclical Cons. Goods …… -0.13%
  • Basic Materials …………… -0.16% 
  • Technology ……………….. -0.28%  
  • Financials ……………….. -0.42% 
  • Utilities ………………… -0.93%

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 10/3/2016

  II. a.  USA  Bonds
  • 3 Month  0.26%  +0.04 (+18.18%)
  • 6 Month  0.44%  +0.02 (+4.76%)
  •  2 Year  0.78%  +0.01 (+1.30%)
  •  5 Year  1.17%  +0.02 (+1.74%)
  • 10 Year  1.62%  +0.03 (+1.89%)
  • 30 Year  2.34%  +0.03 (+1.30%)
  II. b.  Currencies
  • AUD/USD .. 0.7685  +0.0042 (+0.55%)
  • EUR/USD .. 1.1209  -0.0024 (-0.21%)
  • GBP/USD .. 1.2852  -0.0078 (-0.60%)
  • USD/CAD .. 1.3117  -0.0016 (-0.12%)
  • USD/CNY .. 6.6752  +0.0380 (+0.57%)
  • USD/HKD .. 7.7553  -0.0004 (-0.01%)
  • USD/JPY  101.7935  +0.2605 (+0.26%)
 II. c.   US Energy Information Administration   (US EIA)

For both Bulls and Bears:

current XLE quote (Reuters) and more

Related previous XLE analysis:

 II. d.   US Department of Labor
  •           Bureau of Labor Statistics       http://www.bls.gov/
  •     To view the “jobs” report for yourself in various formats, including downloadable PDF, … check it out at the above link.
  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 Tuesday, 10/4/2016

 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 10/3 down  @  18,253.85  -54.30  (-0.30%)
:: Closed  (below 10/3 PP)  (above 10/4 PP)
  •   :: Pivot point (PP)   18245.80
  •   Support (s1)  18211.80       Support (s2)   18169.75
  •   Resistance (r1)   18287.85   Resistance (r2)   18321.85
  •   Simple Moving Average (Close 50):    18391.72       (downtrend)
  •   52 week performance  +10.81%  YTD performance  +4.76%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 10/3 down  @    5,300.87  -11.13  (-0.21%)
:: Closed   (below 10/3 PP)  (above 10/4 PP)
  •   :: Pivot point (PP)  5297.14
  •   Support (s1)   5285.68      Support (s2) 5270.49
  •   Resistance (r1)  5312.33    Resistance (r2)  5323.79
  •   Simple Moving Average (Close 50):  5225.89          (uptrend)
  •   52 week performance  +10.87%   YTD performance  +5.86%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 10/3 down  @   2,161.20   -7.07  (-0.33%)
:: Closed   (below 10/3 PP)  (above 10/4 PP)
  •   :: Pivot point (PP)  2160.13
  •   Support (s1)  2155.84        Support (s2)  2150.49
  •   Resistance (r1)  2165.48     Resistance (r2)  2169.77
  •   Simple Moving Average (Close 50):  2168.05         (down tick)
  •   52 week performance  +8.76%  YTD performance  +5.74%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI)  (ETF: IWD)
Closed 10/3 down  @  1,198.31   -3.94  (-0.33%)
:: Closed  (below 10/3 PP)  (below 10/4 PP)
  •   :: Pivot point (PP)   1198.39
  •   Support (s1)  1194.78      Support (s2)  1191.24
  •   Resistance (r1)  1201.93   Resistance (r2)  1205.54
  •   Simple Moving Average (Close 50):  1201.44          (down tick)
  •   52 week performance  +10.33%   YTD performance  +5.87%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 10/3 down  @  1,245.78   -5.86  (-0.47%)
:: Closed  (below 10/3 PP)  (below 10/4 PP)
  •   :: Pivot point (PP)  1246.01
  •   Support (s1)   1240.74      Support (s2)   1235.70
  •   Resistance (r1)  1251.05    Resistance (r2)  1256.32
  •   Simple Moving Average (Close 50):  1234.25          (uptrend)
  •   52 week performance  +11.82%    YTD performance   +9.67%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 10/3 down   @  1,280.25   -4.35  (-0.34%)
:: Closed   (below 10/3 PP)  (above 10/4 PP)
  •   :: Pivot point (PP)   1280.11
  •   Support (s1)   1276.63     Support (s2)  1273.02
  •   Resistance (r1)  1283.72   Resistance (r2)  1287.20
  •   Simple Moving Average (Close 50):   1282.55          (down tick)
  •   52 week performance   +8.86%    YTD performance  +6.15%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 10/3 up  @   16.22   +0.14  (+0.87%)
:: Closed   (above 10/3 PP)  (above 10/4 PP)
  •   :: Pivot point (PP)    16.15
  •   Support (s1)    16.03      Support (s2)  15.85
  •   Resistance (r1)  16.33     Resistance (r2)  16.45
  •   Simple Moving Average (Close 50):  15.84          (downtrend)
  •   Simple Moving Average (Close 200)  17.88          (downtrend)
  •   :: Close (188 days) above/below (+/-) sma200  (-1.662) pts., or (-9.295%)
  •   :: 52 week performance  -21.11%   YTD performance  -28.51%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 10/3 up  @  13.57   +0.28  (+2.11%)
:: Closed  (below 10/3 PP)  (below 10/4 PP)
  •   :: Pivot point (PP)    13.80
  •   Support (s1)    13.19      Support (s2)   12.80
  •   Resistance (r1)  14.19     Resistance (r2)  14.80
  •   Simple Moving Average (Close 50):  13.22         (uptrend)
  •   :: 52 week performance   -30.05%   YTD performance  -25.48%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Tuesday, 10/4/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18266.83  …  18190.78
  •   Nasdaq……..  5318.06  …   5291.41
  •   S&P 500 ……  2162.81  …   2153.17
  •   Russell 1000 .  1200.16  …   1193.01
  •   Russell 2000 .  1248.53  …   1238.22
  •   Russell 3000 .  1281.92  …   1274.83
  •   CBOE TNX ……   16.39  …     16.09
  •   Volatility …    14.00  …     13.00
 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, 10/3/2016   thru    Friday 10/7/2016  ——

Hope the above Index Support and Resistance calculations for Tuesday, 10/4/2016  help your investing and trading planning today …

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