I just love this picture:
Do you think they both washed their hands afterwards?
What a difference a week can make – the markets were down across the board last week, with a 9 day losing streak – now we have a post election raging Bull Market:
- Bloomberg – Dow Surges to All-Time High
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 | 2 |
| SPX | S&P 500 INDEX | 2 | 2 |
| RUT | RUSSELL 2000 INDEX | 2 | 2 |
| NDX | NASDAQ-100 INDEX INDEX | 2 | 3 |
| VIX | CBOE MARKET VOLATILITY INDEX | -2 | -2 |
| /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 | -2 | -3 |
| /CL[Z6] | 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 | 2 | 3 |
| XLI | SELECT SECTOR SPDR TRUST INDUSTRIAL SELECT INDEX | 3 | 2 |
| XLY | SELECT SECTOR SPDR TRUST CONSUMER DIS SELECT INDEX | 2 | -1 |
| XLB | SELECT SECTOR SPDR TRUST MATERIALS SELECT SEC INDEX | 3 | 2 |
| XLE | SELECT SECTOR SPDR TRUST ENERGY SELECT INDEX | 2 | 3 |
| XLP | SELECT SECTOR SPDR TRUST CONSUMER STAPLES INDEX | -3 | -3 |
| XLV | SELECT SECTOR SPDR TRUST HEALTH CARE SELECT INDEX | 2 | 2 |
| 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.
Stocks are trending up – especially Financials, while Bonds are in free fall. I feel this has a lot to do with Donald Trump’s Infrastructure spending plans – which would be stimulative to the economy but blow out the US Budget Deficit.
Update: Dow is up another 200 points right now!
Extra – The John Lewis Christmas TV advert came out today – something I always look forward to – and try to post:
https://www.youtube.com/watch?v=sr6lr_VRsEo
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