Index Support and Resistance for Tuesday (9/27/2016)

 

  The first Presidential Political Debate is history.  I get the impression Mr. Trump doesn’t watch the television program “Blue Bloods“, starring Mr. Tom Selleck, as I’m pretty certain “stop and frisk” in New York City, was an issue covered by one of the programs, and it doesn’t work.  Per the math, in approximately 5 million “stop and frisks” conducted, only about 0.2 percent found a weapon … not even one percent.  The RIGHT to Keep and Bear Arms is a Second  Amendment, Bill of RIGHTS, Constitutionally protected RIGHT, and the US Constitution specifically states that RIGHT shall not be infringed.  U.S. and State Governments aren’t just seeking  to un-Constitutionally license a RIGHT, they are actually doing it.  That brings to light concerns that other Constitutionally protected RIGHTs could be required to be “licensed.”   The two primary drivers of the US and State governments, IMHO, seeking to license a Constitutional RIGHT, is (a) licensing revenue and income, and (b) government’s intrusive gathering, collecting, and sharing  of information.
  Law enforcement should focus on individuals associated with criminal acts, and  weapons used in criminal acts … like gang violence, drugs trafficking, et cetera.  It would also help, if elected officials would stop trying to “license” US Constitution RIGHTS.

  Groups and Individuals A to Z have discussed and debated the “shall not be infringed” wording of the RIGHT to keep and bear arms and concluded “permits” are an infringement of that RIGHT.  However, Groups and Individuals A to Z have discussed and debated the Second Amendment lack of wording on the purchase, or gifting, of arms and ammunition … and have concluded that the U.S. and state governments could require licenses to purchase arms and ammunition.  Groups and Individuals A to Z have also concluded the U.S. and state governments could still collect licensing revenue from every citizen seeking to Constitutionally arm and protect themselves and their families by switching to a “purchase” license and identification for firearms and ammunition.

…. more on this topic later.

         ————————————
  Monday, the S&P 500 (SPX, .INX) 50 day Simple Moving Average (sma50) down ticked to 2168.69.  The S&P 500 closed below sma50 (2168.69) at 2,146.10 points, down  -18.59 points, or  (-0.86%).

 The Russell 1000 (RUI) 50 day Simple Moving Average (sma50) down ticked to 1201.59.  The Russell 1000 (RUI) closed below sma50 (1201.59) at 1,190.64 points, down -9.82  points, or  (-0.82%).

         ————————————
  Below you will find the Index Support and Resistance for Tuesday, 9/27/2016 as calculated from the changes in Index points through Monday, 9/26/2016’s close.    See  below for Section IV. Index “projected” Highs and Lows for today’s day and date.
         ————————————
index-chart-20160926

 I.  Index performance Monday, 9/26/2016

  • DJ Indu Avg  18,094.83  -166.62  (-0.91%)    (chart: blue)
  • Nasdaq  ….     5,257.49   -48.26  (-0.91%)    (chart: gold)
  • S&P 500 …      2,146.10   -18.59  (-0.86%)    (chart: red )
  •   ——————————————-
  • DJ Trans Avg  7,914.69   -22.30  (-0.28%)
  • Rus 1k (RUI)  1,190.64    -9.82  (-0.82%)
  • Rus 2k (RUT)  1,240.94   -13.68  (-1.09%)
  • Rus 3k (RUA)  1,272.31   -10.76  (-0.84%)
  • CBOE (TNX)       15.89    -0.26  (-1.61%)
  • Volatility(VIX)  14.50    +2.21 (+17.98%)
 I. a. Select stocks of interest, from Monday, 9/26/2016
  • AAPL … 112.88  +0.17 (+0.15%)   After Hours: 112.93 +0.05 (+0.04%)
  • C ……  45.89  -1.26 (-2.67%)   After Hours:  45.90 +0.01 (+0.02%)
  • CHK ….   6.62  -0.01 (-0.15%)   After Hours:   6.63 +0.01 (+0.15%)
  • DHT ….   4.08  -0.09 (-2.16%)   After Hours:   4.06 -0.02 (-0.49%)
  • FH …..   2.79  +0.00 (+0.00%)
  • GE …..  29.54  -0.35 (-1.17%)
  • JCP ….   9.57  -0.21 (-2.15%)   After Hours:   9.58 +0.01 (+0.10%)
  • MPC ….  41.48  -0.80 (-1.89%)
  • MU …..  17.36  -0.12 (-0.69%)   After Hours:  17.38 +0.02 (+0.12%)
  • VZ …..  52.15  -0.41 (-0.78%)   After Hours:  52.20 +0.05 (+0.10%)
  •      select ETFs …
  • DIA …  180.75  -1.67 (-0.92%)
  • QQQ …  117.34  -0.99 (-0.84%)   After Hours: 117.28 -0.06 (-0.05%)
  • SPY …  214.24  -1.75 (-0.81%)
  • GLD …  127.55  -0.10 (-0.08%)
  • SLV ….  18.41  -0.27 (-1.45%)
  • IWD …  104.35  -0.89 (-0.84%)
  • IWF …  103.55  -0.76 (-0.73%)
  • IWM …  123.23  -1.24 (-0.99%)
  • IWV …  126.97  -1.07 (-0.84%)
 I. b. Sector summary from Monday, 9/26/2016
Sector Change +/-% (best (or least worst) to worst)
  • Non-Cyclical Cons. Goods ……… -0.29%  
  • Utilities …………………… -0.36%
  • Basic Materials ……………… -0.49% 
  • Industrials …………………. -0.50% 
  • Energy ……………………… -0.62%  
  • Technology ………………….. -0.72%
  • Telecommunications Srvcs ……… -0.76%
  • Cyclical Cons. Goods …………. -1.02% 
  • Financials ………………….. -1.11% 
  • Healthcare ………………….. -1.14% 

 II. Bonds, and/or Currencies, and/or Commodities from Monday, 9/26/2016

  II. a.  USA  Bonds
  • 3 Month  0.19%  +0.03 (18.75%)
  • 6 Month  0.39%  +0.03 (8.33%)
  •  2 Year  0.73%  -0.01 (-1.35%)
  •  5 Year  1.12%  -0.02 (-1.75%)
  • 10 Year  1.58%  -0.02 (-1.25%)
  • 30 Year  2.32%  -0.02 (-0.85%)
  II. b.  Currencies
  • AUD/USD .. 0.7663  +0.0031 (+0.40%)
  • EUR/USD .. 1.1244  -0.0007 (-0.06%)
  • GBP/USD .. 1.2977  +0.0010 (+0.07%)
  • USD/CAD .. 1.3179  -0.0051 (-0.38%)
  • USD/CNY .. 6.6679  +0.0004 (+0.01%)
  • USD/HKD .. 7.7548  -0.0011 (-0.01%)
  • USD/JPY  100.7180  +0.3410 (+0.34%)
 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 Tuesday, 9/27/2016

 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 9/26 down  @  18,094.83  -166.62  (-0.91%)
:: Closed   (below 9/26 PP)  (below 9/27 PP)
  •   :: Pivot point (PP)   18131.97
  •   Support (s1)  18046.18       Support (s2)   17997.53
  •   Resistance (r1)   18180.62   Resistance (r2)   18266.41
  •   Simple Moving Average (Close 50):    18421.77       (uptrend)
  •   52 week performance  +10.91%  YTD performance  +3.84%
( 2) For the Nasdaq Comp (INDEX NASDAQ: .IXIC) (ETF: QQQ)
Closed 9/26 down  @    5,257.49   -48.26  (-0.91%)
:: Closed   (below 9/26 PP)  (below 9/27 PP)
  •   :: Pivot point (PP)  5264.91
  •   Support (s1)   5247.54      Support (s2) 5237.60
  •   Resistance (r1)  5274.85    Resistance (r2)  5292.22
  •   Simple Moving Average (Close 50):  5202.89          (uptrend)
  •   52 week performance  +15.70%   YTD performance  +4.99%
( 3) For the S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 9/26 down  @   2,146.10   -18.59  (-0.86%)
:: Closed   (below 9/26 PP)  (below 9/27 PP)
  •   :: Pivot point (PP)  2149.89
  •   Support (s1)  2141.25        Support (s2)  2136.39
  •   Resistance (r1)  2154.75     Resistance (r2)  2163.39
  •   Simple Moving Average (Close 50):  2168.69         (down tick)
  •   52 week performance  +14.05%  YTD performance  +5.00%
( 4) For the Russell 1000 (INDEX RUSSELL: RUI) (ETF: IWD)
Closed 9/26 down  @  1,190.64    -9.82  (-0.82%)
:: Closed   (below 9/26 PP)  (below 9/27 PP)
  •   :: Pivot point (PP)   1193.51
  •   Support (s1)  1187.25      Support (s2)  1183.87
  •   Resistance (r1)  1196.89   Resistance (r2)  1203.15
  •   Simple Moving Average (Close 50):  1201.59         (down tick)
  •   52 week performance  +10.59%   YTD performance  +5.19%
( 5) For the Russell 2000 (INDEX RUSSELL: RUT) (ETF: IWM)
Closed 9/26 down  @  1,240.94   -13.68  (-1.09%)
:: Closed  (below 9/26 PP)  (below 9/27 PP)
  •   :: Pivot point (PP)  1245.22
  •   Support (s1)   1236.49      Support (s2)   1232.04
  •   Resistance (r1)  1249.67    Resistance (r2)  1258.40
  •   Simple Moving Average (Close 50):  1230.20          (uptrend)
  •   52 week performance  +10.52%    YTD performance   +9.25%
( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
Closed 9/26 down   @  1,272.31   -10.76  (-0.84%)
:: Closed   (below 9/26 PP)  (below 9/27 PP)
  •   :: Pivot point (PP)   1274.93
  •   Support (s1)   1269.14     Support (s2)  1265.96
  •   Resistance (r1)  1278.11   Resistance (r2)  1283.90
  •   Simple Moving Average (Close 50):   1282.37          (uptrend)
  •   52 week performance   +13.59%    YTD performance  +5.49%
( 7) For the CBOE Interest Rate 10 Year T Note (INDEX CBOE: TNX)
Closed 9/26 down  @   15.89    -0.26  (-1.61%)
:: Closed   (below 9/26 PP)  (below 9/27 PP)
  •   :: Pivot point (PP)    15.90
  •   Support (s1)    15.73      Support (s2)  15.58
  •   Resistance (r1)  16.05     Resistance (r2)  16.22
  •   Simple Moving Average (Close 50):  15.84          (uptrend)
  •   Simple Moving Average (Close 200)  18.04          (downtrend)
  •   :: Close (183 days) above/below (+/-) sma200  (-2.154) pts., or (-11.936%)
  •   :: 52 week performance  -24.15%   YTD performance  -29.97%
( 8) For the Volatility S&P500 (INDEX CBOE: VIX)
Closed 9/26 up  @  14.50    +2.21 (+17.98%)
:: Closed  (above 9/26 PP)  (above 9/27 PP)
  •   :: Pivot point (PP)    14.13
  •   Support (s1)    13.63      Support (s2)   12.76
  •   Resistance (r1)  15.00     Resistance (r2)  15.50
  •   Simple Moving Average (Close 50):  13.12         (uptrend)
  •   :: 52 week performance   -45.96%   YTD performance  -20.37%
  •     –   –   –   –           –   –   –   –

 IV.  Index “projected” Highs and Lows for Tuesday, 9/27/2016

  • Index,  :: Projected High,  Projected Low
  •   Dow Jones …. 18156.30  …  18021.86
  •   Nasdaq……..  5269.88  …   5242.57
  •   S&P 500 ……  2152.32  …   2138.82
  •   Russell 1000 .  1195.20  …   1185.56
  •   Russell 2000 .  1247.45  …   1234.27
  •   Russell 3000 .  1276.52  …   1267.55
  •   CBOE TNX ……   15.98  …     15.66
  •   Volatility …    15.25  …     13.88
 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 Tuesday, 9/27/2016  help your investing and trading planning today …

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