Here is the crazy Election Headline of the day:
- Business Insider – People are threatening to boycott Yuengling beer after owner endorses Donald Trump
Yuengling is my house beer – so I don’t intend on joining the boycott.
Markets are down a little today – and down for the week – 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 | -3 |
| RUT | RUSSELL 2000 INDEX | -3 | -3 |
| NDX | NASDAQ-100 INDEX INDEX | -2 | 1 |
| VIX | CBOE MARKET VOLATILITY INDEX | 2 | 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 | -1 | -3 |
| /CL[Z6] | Light Sweet Crude Oil Futures,ETH | 1 | 3 |
| /DX[Z6] | US Dollar Index Futures | 3 | 3 |
| $DJT | Dow Jones Transportation Average | -2 | 1 |
| 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 | -2 | 1 |
| 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 | 3 | 3 |
Any market showing a 3 or a -3 is trending strongly – and should be factored into any options strategy you are contemplating.
Bonds are still going down, and now Equities are following – at least in the short term. Financials are still the best sector – and the Dollar is strong.
Extra: What is wrong with Dad Jeans?
- MarketWatch – Men, just say no to Dad jeans
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