I know a lot of people who are listening to the nonsense from Hillary Clinton and Donald Trump – both wanting to dampen free trade in an attempt to bring Manufacturing Jobs back to the USA. I think these folks really need to read the following article – to understand what is really at issue:
- Business Insider – 3 of the world’s 10 largest employers are now replacing their workers with robots
Fighting for a job that won’t even exist in the near future seems futile – but you can’t tell that to angry voters – won’t get you elected.
Anyway, for no reason other than Central Bank Madness – we have been experiencing a major market melt up – lets go to 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 | 3 | 3 |
| VIX | CBOE MARKET VOLATILITY INDEX | 2 | -1 |
| /ZB[U6] | 30-Year U.S. Treasury Bond Futures,ETH | 3 | 3 |
| /ZN[U6] | 10-Year U.S. Treasury Note Futures,ETH | 3 | 3 |
| /GC[Q6] | Gold Futures, ETH | 3 | 3 |
| /CL[N6] | Light Sweet Crude Oil Futures,ETH | 3 | 3 |
| /DX[U6] | 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 | 3 |
| XLB | SELECT SECTOR SPDR TRUST MATERIALS SELECT SEC INDEX | 3 | 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 | 1 | 3 |
Any market showing a 3 or a -3 is trending strongly – and should be factored into any options strategy you are contemplating.
Every market I follow is in an uptrend – both stocks and bonds! The only red on the screen is the US Dollar – which the Fed has been desperately talking down. I think we need to ask, with the ECB and Bank of Japan trying to do exactly the same thing with their currencies – how long can this melt up continue?
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