The Market is off the races again today – could this be the reason?
- Bloomberg – Trump Tells Airline CEOs a ‘Phenomenal’ Tax Plan Is Coming
- MarketWatch – Updated Stock market rallies to records as Trump teases tax-policy announcement
God I hope he knows what he is doing – stuff like this does not give me confidence:
- Business Insider – House Oversight Chairman says Kellyanne Conway was ‘wrong’ to promote Ivanka Trump’s brand
Apparently the most important thing the Administration needs to deal with right now is Ivanka’s brand?
Listed below are this week’s trend numbers for the Markets I track:
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 | 3 | 3 |
| VIX | CBOE MARKET VOLATILITY INDEX | -3 | -3 |
| /ZB[H7] | 30-Year U.S. Treasury Bond Futures,ETH | 3 | -1 |
| /ZN[H7] | 10-Year U.S. Treasury Note Futures,ETH | -2 | -3 |
| /GC[J7] | Gold Futures, ETH | 3 | 3 |
| /CL[H7] | Light Sweet Crude Oil Futures,ETH | 3 | 3 |
| /DX[H7] | US Dollar Index Futures | 2 | 2 |
| $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 | 3 |
| XLB | SELECT SECTOR SPDR TRUST MATERIALS SELECT SEC INDEX | -2 | 1 |
| 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 | 3 | 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.
Everything in equity land is working except for the Energy Sector and Materials. Bonds are acting funny – the 10 year is still down, but the 30 year is rallying – Trump confusion? Gold and Oil are also rallying – so, enjoy the ride while it lasts!
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