Markets tanked into the end of the year – but are still not offering up many bargains. Did not put any money to work today – almost everything is in a short term downward move, need to keep an eye on the trend.
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 | -3 | -2 |
| SPX | S&P 500 INDEX | -3 | -2 |
| RUT | RUSSELL 2000 INDEX | -3 | -3 |
| NDX | NASDAQ-100 INDEX INDEX | -2 | 1 |
| VIX | CBOE MARKET VOLATILITY INDEX | 2 | 2 |
| /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[G6] | Gold Futures, ETH | -3 | -3 |
| /CL[G6] | Light Sweet Crude Oil Futures,ETH | -1 | -3 |
| /DX[H6] | US Dollar Index Futures | 2 | 3 |
| $DJT | Dow Jones Transportation Average | -3 | -3 |
| XLK | SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT INDEX | -3 | -2 |
| 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 | 1 | 3 |
| XLV | SELECT SECTOR SPDR TRUST HEALTH CARE SELECT INDEX | 1 | 3 |
| XLU | SELECT SECTOR SPDR TRUST UTILITIES SELECT INDEX | 1 | 2 |
| 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.
Leave a Reply