If the Republicans were running anyone but Donald Trump – the biggest single issue would be the train wreck that is Obamacare. Even Democrats are bailing on the plan:
- Business Insider – ‘The Affordable Care Act is no longer affordable’
This is not a partisan Republican saying this – it is the Democratic Governor of Minnesota Mark Dayton.
Here is some more good news:
- Bloomberg – Obamacare Enrollment to See ‘Significant Slowdown’ Next Year
- MarketWatch – Obamacare no antidote for higher health-care costs
According to MarketWatch, healthcare costs have increased 40% compared to 10 years ago, and a 21% increase since Obamacare took effect. This should be a huge issue – but not in this election cycle.
Anyway, markets are down today – and for the week, but I still don’t see a lot of value yet – 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 | -3 | -3 |
| SPX | S&P 500 INDEX | -3 | -2 |
| RUT | RUSSELL 2000 INDEX | -3 | -2 |
| NDX | NASDAQ-100 INDEX INDEX | -2 | 1 |
| VIX | CBOE MARKET VOLATILITY INDEX | 3 | 3 |
| /ZB[Z6] | 30-Year U.S. Treasury Bond Futures,ETH | -3 | -3 |
| /ZN[Z6] | 10-Year U.S. Treasury Note Futures,ETH | -3 | -3 |
| /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 | 1 | 3 |
| XLK | SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT INDEX | -2 | 1 |
| XLI | SELECT SECTOR SPDR TRUST INDUSTRIAL SELECT INDEX | -3 | -3 |
| XLY | SELECT SECTOR SPDR TRUST CONSUMER DIS SELECT INDEX | -3 | -3 |
| XLB | SELECT SECTOR SPDR TRUST MATERIALS SELECT SEC INDEX | -3 | -3 |
| XLE | SELECT SECTOR SPDR TRUST ENERGY SELECT INDEX | 1 | 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 | -1 | -3 |
| XLF | SELECT SECTOR SPDR TRUST FINANCIAL SELECT SECTOR FUND | -2 | -2 |
Any market showing a 3 or a -3 is trending strongly – and should be factored into any options strategy you are contemplating.
Oil is still rallying along with the Dollar, everything else seems to have rolled over. Could we still get a large October sell off?
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