Markets were all over the place today – ended on a high note. Healthcare has rolled over – which is not helping my Merck trade. Bright spots in the Market include Gold, Bonds, and Utilities – all safety plays.
The following chart 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 | -1 | -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[H6] | 30-Year U.S. Treasury Bond Futures,ETH | 3 | 3 |
| /ZN[H6] | 10-Year U.S. Treasury Note Futures,ETH | 3 | 3 |
| /GC[J6] | Gold Futures, ETH | 3 | 3 |
| /CL[H6] | Light Sweet Crude Oil Futures,ETH | 2 | -1 |
| /DX[H6] | US Dollar Index Futures | -2 | 1 |
| $DJT | Dow Jones Transportation Average | -3 | -3 |
| XLK | SECTOR SPDR – TECHNOLOGY | -1 | -3 |
| XLI | SECTOR SPDR – INDUSTRIAL | -3 | -3 |
| XLY | SECTOR SPDR – CONSUMER DIS | -1 | -3 |
| XLB | SECTOR SPDR – MATERIALS | -3 | -3 |
| XLE | SECTOR SPDR – ENERGY | 2 | -1 |
| XLP | SECTOR SPDR – CONSUMER STAPLES | 2 | 2 |
| XLV | SECTOR SPDR – HEALTH CARE | -3 | -3 |
| XLU | SECTOR SPDR – UTILITIES | 3 | 3 |
| XLF | SECTOR SPDR – FINANCIAL | -3 | -3 |
Any market showing a 3 or a -3 is trending strongly – and should be factored into any options strategy you are contemplating.
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