Index Support and Resistance for Thursday (10/6/2016)

 

The USA stock market rallied on Wednesday recovering some of Monday and Tuesday’s losses, as investors and traders bought shares of banks and energy companies.  The yield on government bonds rose again, which had investors and traders selling shares in phone, utilities, and real estate sector companies.  Investors and traders find those stocks less attractive as a source of income relative to bonds when yields are rising.
         ————————————
On Wednesday, the Dow Jones Industrial Average (DJIA, .DJI) gained +112.58 points, or +0.6 percent, to 18,281.03.  Year to date (ytd), the DJIA is up +856.00 points, or +4.9 percent.
 On Wednesday, the Standard & Poor’s 500 Index (SPX, .INX) gained +9.24 points, or +0.4 percent, to 2,159.73.  Year to date (ytd), the S&P 500 is up +115.79 points, or +5.7 percent.
 On Wednesday, the Nasdaq Composite Index (NAS, .IXIC) gained +26.36 points, or +0.5 percent, to 5,316.02.  Year to date (ytd), the Nasdaq is up +308.61 points, or +6.2 percent.
 The week to date (Friday (9/30) close to Friday (10/7) close)
  • The Dow has pulled back -27.12 points, or -0.2 percent.
  • The S&P 500 has pulled back -8.54 points, or -0.4 percent.
  • The Nasdaq is up +4.02 points, or +0.1 percent.
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Below you will find the Index Support and Resistance for Thursday, 10/6/2016 as calculated from the changes in Index points through Wednesday, 10/5/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
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index-chart-20161005

 I.  Index performance Wednesday, 10/5/2016

  • DJ Indu Avg  18,281.03  +112.58  (+0.62%)    (chart: blue)
  • Nasdaq ….      5,316.02   +26.36  (+0.50%)    (chart: gold)
  • S&P 500  …     2,159.73    +9.24  (+0.43%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  8,128.01   +53.12  (+0.66%)
  • Rus 1k (RUI)  1,197.44    +5.09  (+0.43%)
  • Rus 2k (RUT)  1,248.37    +8.59  (+0.69%)
  • Rus 3k (RUA)  1,279.60    +5.70  (+0.45%)
  • CBOE (TNX)       17.16    +0.33  (+1.96%)
  • Volatility(VIX)  12.99    -0.64  (-4.70%)
 I. a. Select stocks of interest, from Wednesday, 10/5/2016
  • AAPL … 113.05  +0.05 (+0.04%)   After Hours: 113.46 +0.41 (+0.36%)
  • C ……  48.65  +0.90 (+1.88%)   After Hours:  48.60 -0.05 (-0.10%)
  • CHK ….   6.80  +0.43 (+6.75%)   After Hours:   6.90 +0.10 (+1.47%)
  • DHT ….   4.17  +0.05 (+1.21%)   After Hours:   4.17 +0.00 (+0.00%)
  • FH …..   3.10  +0.10 (+3.33%)   After Hours:   3.15 +0.05 (+1.61%)
  • GE …..  29.50  +0.00 (+0.00%)   After Hours:  29.49 -0.01 (-0.03%)
  • JCP ….   9.01  +0.02 (+0.22%)   After Hours:   9.00 -0.01 (-0.11%)
  • MPC ….  42.27  +0.89 (+2.15%)   After Hours:  42.27 +0.00 (+0.00%)
  • MU …..  17.70  -0.10 (-0.56%)   After Hours:  17.72 +0.02 (+0.11%)
  • VZ …..  50.27  -0.41 (-0.81%)   After Hours:  50.27 +0.00 (+0.00%)
  •      select ETFs …
  • DIA …  182.66  +1.18 (+0.65%)
  • QQQ …  118.79  +0.42 (+0.35%)   After Hours: 118.82 +0.03 (+0.03%)
  • SPY …  215.63  +0.95 (+0.44%)
  • GLD …  120.78  -0.19 (-0.16%)
  • SLV ….  16.85  -0.09 (-0.53%)
  • IWD …  105.45  +0.75 (+0.72%)
  • IWF …  103.68  +0.15 (+0.14%)
  • IWM …  123.95  +0.74 (+0.60%)
  • IWV …  127.80  +0.63 (+0.50%)

 

 

 I. b. Sector summary from Wednesday, 10/5/2016

Sector Change +/-% (best (or least worst) to worst)

  • Energy ……………………….. +1.84%
  • Basic Materials ……………….. +1.01%
  • Financials ……………………. +0.79%
  • Industrials …………………… +0.58%
  • Technology ……………………. +0.48%
  • Cyclical Cons. Goods …………… +0.41%
  • Healthcare ……………………. +0.39%
  • Non-Cyclical Cons. Goods ……….. +0.18%
  • Telecommunications Srvcs …… -0.17%
  • Utilities ………………… -0.17%

 II. Bonds, and/or Currencies, and/or Commodities from Wednesday, 10/5/2016

  II. a.  USA  Bonds
  • 3 Month  0.29%  +0.01 (+3.57%)
  • 6 Month  0.43%  -0.02 (-4.44%)
  •  2 Year  0.83%  +0.00 (+0.00%)
  •  5 Year  1.24%  +0.01 (+0.81%)
  • 10 Year  1.70%  +0.01 (+0.59%)
  • 30 Year  2.42%  +0.00 (+0.00%)
  II. b.  Currencies
  • AUD/USD  0.7611  -0.0009 (-0.12%)
  • EUR/USD  1.1203  -0.0004 (-0.03%)
  • GBP/USD  1.2747  -0.0006 (-0.04%)
  • USD/CAD  1.3180  +0.0002 (0.01%)
  • USD/CNY  6.6722  -0.0020 (-0.03%)
  • USD/HKD  7.7572  -0.0001 (0.00%)
  • USD/JPY  103.4590  +0.0045 (0.00%)
   Sorry for the delay.   Could not be helped.   Catching up.   Will be back to add data and calculations from draft once Monday’s need to know is posted
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