Index Support and Resistance for Wednesday (10/5/2016)

 

  Stocks and Indices declined on Tuesday, led by pull backs in utilities and phone companies.  U.S. government bond prices also pulled back, and precious metals, like gold, due to a strengthening US dollar, had its worse day in nearly three years.  Ten of the 11 sectors of the Standard and Poor’s 500 index were down, a second day of broad market declines and a weak start to the last quarter of 2016 after decent returns in recent months.
         ————————————
 On Tuesday, the Dow Jones Industrial Average (DJIA, .DJI) fell 85.40 points, or 0.5 percent, to 18,168.45.  Year to date (ytd), the DJIA is up 743.42 points, or 4.3 percent.
 On Tuesday, the S&P 500 (SPX, .INX) fell 10.71 points, or 0.5 percent, to 2,150.49.  Year to date (ytd), the S&P 500 is up 106.55 points, or 5.2 percent.
 On Tuesday, the Nasdaq Composite (NAS, .IXIC) fell 11.22 points, or 0.2 percent, to 5,289.66.  Year to date (ytd), the Nasdaq is up 282.25 points, or 5.6 percent.
The week to date (Friday (9/30) close to Friday (10/7) close)
  • The DJIA is down 139.70 points, or 0.8 percent.
  • The S&P 500 is down 17.78 points, or 0.8 percent.
  • The Nasdaq is down 22.35 points, or 0.4 percent.
         ————————————
Below you will find the Index Support and Resistance for Wednesday, 10/5/2016 as calculated from the changes in Index points through Tuesday, 10/4/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
index-chart-20161004
 I.  Index performance Tuesday, 10/4/2016
  • DJ Indu Avg  18,168.45  -85.40  (-0.47%)    (chart: blue)
  • Nasdaq        5,289.66  -11.22  (-0.21%)    (chart: gold)
  • S&P 500       2,150.49  -10.71  (-0.50%)    (chart:  red)
  •   ——————————————-
  • DJ Trans Avg  8,074.89  -24.49  (-0.30%)
  • Rus 1k (RUI)  1,192.34   -5.96  (-0.50%)
  • Rus 2k (RUT)  1,239.78   -6.01  (-0.48%)
  • Rus 3k (RUA)  1,273.90   -6.36  (-0.50%)
  • CBOE (TNX)       16.83   +0.61  (+3.76%)
  • Volatility(VIX)  13.63   +0.06  (+0.44%)
 I. a. Select stocks of interest, from Tuesday, 10/4/2016
  • AAPL … 113.00  +0.48 (+0.43%)   After Hours: 112.89 -0.11 (-0.10%)
  • C ……  47.75  +0.72 (+1.53%)   After Hours:  47.80 +0.05 (+0.10%)
  • CHK ….   6.37  -0.03 (-0.47%)   After Hours:   6.46 +0.09 (+1.41%)
  • DHT ….   4.12  +0.03 (+0.73%)   After Hours:   4.12 +0.00 (+0.00%)
  • FH …..   3.00  -0.07 (-2.28%)   After Hours:   3.18 +0.18 (+6.00%)
  • GE …..  29.50  -0.14 (-0.47%)   After Hours:  29.50 +0.00 (+0.00%)
  • JCP ….   8.99  -0.01 (-0.11%)   After Hours:   9.06 +0.07 (+0.78%)
  • MPC ….  41.38  +0.42 (+1.03%)   After Hours:  41.64 +0.26 (+0.62%)
  • MU …..  17.80  +0.07 (+0.39%)   After Hours:  16.86 -0.94 (-5.28%)
  • VZ …..  51.26  -0.62 (-1.20%)   After Hours:  51.28 +0.02 (+0.04%)
  •      select ETFs …
  • DIA …  181.48  -0.84 (-0.46%)
  • QQQ …  118.37  -0.18 (-0.15%)   After Hours: 118.31 -0.06 (-0.05%)
  • SPY …  214.68  -1.10 (-0.51%)
  • GLD …  120.97  -4.35 (-3.47%)
  • SLV ….  16.94  -0.93 (-5.20%)
  • IWD …  104.70  -0.51 (-0.48%)
  • IWF …  103.53  -0.39 (-0.38%)
  • IWM …  123.21  -0.61 (-0.49%)
  • IWV …  127.17  -0.58 (-0.45%)
 I. b. Sector summary from Tuesday, 10/4/2016
Sector Change +/-% (best (or least worst) to worst)
  • Technology …………………… -0.11%  
  • Financials …………………… -0.17%
  • Cyclical Cons. Goods ………….. -0.22% 
  • Healthcare …………………… -0.24%  
  • Non-Cyclical Cons. Goods ………. -0.32% 
  • Industrials ………………….. -0.61%  
  • Energy ………………………. -0.66%
  • Telecommunications Srvcs ………. -0.93% 
  • Utilities ……………………. -1.98%
  • Basic Materials ………………. -1.99%

 II. Bonds, and/or Currencies, and/or Commodities

  II. a.  USA  Bonds from Tuesday, 10/4/2016
  • 3 Month  0.29%  +0.04 (+16.00%)
  • 6 Month  0.44%  +0.01 (+2.33%)
  •  2 Year  0.82%  +0.02 (+2.50%)
  •  5 Year  1.21%  +0.03 (+2.54%)
  • 10 Year  1.69%  +0.05 (+3.05%)
  • 30 Year  2.41%  +0.06 (+2.55%)
  II. b.  Currencies from Tuesday, 10/4/2016
  • AUD/USD .. 0.7635  +0.0024 (+0.32%)
  • EUR/USD .. 1.1214  +0.0006 (+0.05%)
  • GBP/USD .. 1.2737  +0.0007 (+0.06%)
  • USD/CAD .. 1.3177  -0.0020 (-0.15%)
  • USD/CNY .. 6.6690  -0.0032 (-0.05%)
  • USD/HKD .. 7.7561  -0.0006 (-0.01%)
  • USD/JPY  102.8155  -0.0645 (-0.06%)
 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 Wednesday, 10/5/2016

   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 10/4 down  @  18,168.45  -85.40  (-0.47%)
:: Closed  (below 10/4 PP)  (below 10/5 PP)
  •   :: Pivot point (PP)   18199.49
  •   Support (s1)  18085.22       Support (s2)   18001.98
  •   Resistance (r1)   18282.73   Resistance (r2)   18397.00
  •   Simple Moving Average (Close 50):    18385.23       (downtrend)
  •   52 week performance  +8.30%  YTD performance  +4.27%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 10/4 down  @    5,289.66  -11.22  (-0.21%)
:: Closed   (below 10/4 PP)  (below 10/5 PP)
  •   :: Pivot point (PP)  5294.99
  •   Support (s1)   5266.37      Support (s2) 5243.09
  •   Resistance (r1)  5318.27    Resistance (r2)  5346.89
  •   Simple Moving Average (Close 50):  5229.73          (uptrend)
  •   52 week performance  +11.40%   YTD performance  +5.64%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 10/4 down  @   2,150.49  -10.71  (-0.50%)
:: Closed   (below 10/4 PP)  (below 10/5 PP)
  •   :: Pivot point (PP)  2153.32
  •   Support (s1)  2141.18        Support (s2)  2131.87
  •   Resistance (r1)  2162.63     Resistance (r2)  2174.77
  •   Simple Moving Average (Close 50):  2167.69         (downtrend)
  •   52 week performance  +8.61%  YTD performance  +5.21%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 10/4 down  @  1,192.34   -5.96  (-0.50%)
:: Closed  (below 10/4 PP)  (below 10/5 PP)
  •   :: Pivot point (PP)   1193.89
  •   Support (s1)  1187.19      Support (s2)  1182.04
  •   Resistance (r1)  1199.04   Resistance (r2)  1205.74
  •   Simple Moving Average (Close 50):  1201.28          (downtrend)
  •   52 week performance  +7.82%   YTD performance  +5.34%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 10/4 down  @  1,239.78   -6.01  (-0.48%)
:: Closed  (below 10/4 PP)  (below 10/5 PP)
  •   :: Pivot point (PP)  1241.82
  •   Support (s1)   1233.71      Support (s2)   1227.64
  •   Resistance (r1)  1247.89    Resistance (r2)  1256.00
  •   Simple Moving Average (Close 50):  1234.85          (uptrend)
  •   52 week performance  +8.60%    YTD performance   +9.15%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 10/4 down   @  1,273.90   -6.36  (-0.50%)
:: Closed   (below 10/4 PP)  (below 10/5 PP)
  •   :: Pivot point (PP)   1275.56
  •   Support (s1)   1268.37     Support (s2)  1262.84
  •   Resistance (r1)  1281.09   Resistance (r2)  1288.28
  •   Simple Moving Average (Close 50):   1282.51          (down tick)
  •   52 week performance   +7.34%    YTD performance  +5.62%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 10/4 up  @   16.83   +0.61  (+3.76%)
:: Closed   (above 10/4 PP)  (above 10/5 PP)
  •   :: Pivot point (PP)    16.61
  •   Support (s1)    16.37      Support (s2)  15.90
  •   Resistance (r1)  17.08     Resistance (r2)  17.32
  •   Simple Moving Average (Close 50):  15.84          (up tick)
  •   Simple Moving Average (Close 200)  17.85          (downtrend)
  •   :: Close (189 days) above/below (+/-) sma200  (-1.020) pts., or (-5.715%)
  •   :: 52 week performance  -17.30%   YTD performance  -25.83%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 10/4 up  @  13.63   +0.06  (+0.44%)
:: Closed  (below 10/4 PP)  (below 10/5 PP)
  •   :: Pivot point (PP)    13.71
  •   Support (s1)    12.84      Support (s2)   12.06
  •   Resistance (r1)  14.49     Resistance (r2)  15.36
  •   Simple Moving Average (Close 50):  13.23         (uptrend)
  •   :: 52 week performance   -25.92%   YTD performance  -25.15%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Wednesday, 10/5/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18241.11  …  18043.60
  •   Nasdaq……..  5306.63  …   5254.73
  •   S&P 500 ……  2157.98  …   2136.53
  •   Russell 1000 .  1196.47  …   1184.62
  •   Russell 2000 .  1244.86  …   1230.68
  •   Russell 3000 .  1278.33  …   1265.61
  •   CBOE TNX ……   17.20  …     16.49
  •   Volatility …    14.93  …     13.28
 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 Wednesday, 10/5/2016  help your investing and trading planning today …

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