All the news today is about Hurricane Matthew:
- The Weather Channel – Hurricane Matthew Eyewall Slams Nassau, Bahamas; Category 4 Strike Ahead Strongest in East Florida, Georgia in Decades
- Bloomberg – Hurricane Matthew Closes in on Florida With 140 Mph Winds
- Business Insider – Florida Gov. Rick Scott on Hurricane Matthew: ‘This storm will kill you’
Should be an interesting weekend if the storm lives up to the hype.
Markets are basically flat – up one day, back down the next. I don’t see a lot of value right now – here are the numbers:
The following table is based on the Z Option Market Analysis Tool – which determines if a market is trending by assigning a trending score from -3 to +3. This helps us keep our trading with the trend.
| Symbol | Description | Short Term Trend | Medium Term Trend |
| $DJI | Dow Jones Industrial Average | 2 | -1 |
| SPX | S&P 500 INDEX | 2 | 3 |
| RUT | RUSSELL 2000 INDEX | 1 | 3 |
| NDX | NASDAQ-100 INDEX INDEX | 3 | 3 |
| VIX | CBOE MARKET VOLATILITY INDEX | -3 | -3 |
| /ZB[Z6] | 30-Year U.S. Treasury Bond Futures,ETH | 2 | 2 |
| /ZN[Z6] | 10-Year U.S. Treasury Note Futures,ETH | 2 | 2 |
| /GC[Z6] | Gold Futures, ETH | -3 | -3 |
| /CL[X6] | Light Sweet Crude Oil Futures,ETH | 3 | 3 |
| /DX[Z6] | US Dollar Index Futures | 3 | 3 |
| $DJT | Dow Jones Transportation Average | 3 | 3 |
| XLK | SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT INDEX | 3 | 3 |
| XLI | SELECT SECTOR SPDR TRUST INDUSTRIAL SELECT INDEX | 3 | 3 |
| XLY | SELECT SECTOR SPDR TRUST CONSUMER DIS SELECT INDEX | 3 | 2 |
| XLB | SELECT SECTOR SPDR TRUST MATERIALS SELECT SEC INDEX | -1 | -3 |
| XLE | SELECT SECTOR SPDR TRUST ENERGY SELECT INDEX | 3 | 3 |
| XLP | SELECT SECTOR SPDR TRUST CONSUMER STAPLES INDEX | -3 | -3 |
| XLV | SELECT SECTOR SPDR TRUST HEALTH CARE SELECT INDEX | -3 | -3 |
| XLU | SELECT SECTOR SPDR TRUST UTILITIES SELECT INDEX | -3 | -3 |
| XLF | SELECT SECTOR SPDR TRUST FINANCIAL SELECT SECTOR FUND | 2 | 3 |
Any market showing a 3 or a -3 is trending strongly – and should be factored into any options strategy you are contemplating.
Oil is rallying along with the Dollar, Tech and the Transports. Gold on the other hand is crashing along with Utilities.
The only area I have found any value in is Healthcare – but the trend is still down.
Extra: If you missed this on SNL – worth a watch over lunch:
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