Short and Medium Term Market Trends: 6-19-2015

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 – helps us keep our trading with the trend.

Symbol Description Short Term Trend Medium Term Trend
$DJI Dow Jones Industrial Average 2 2
SPX S&P 500 INDEX 3 3
NDX NASDAQ-100 INDEX INDEX 3 3
RUT RUSSELL 2000 INDEX 3 3
/ZB[U5] 30-Year U.S. Treasury Bond Futures,ETH 2 2
/ZN[U5] 10-Year U.S. Treasury Note Futures,ETH 2 2
VIX CBOE MARKET VOLATILITY INDEX -3 -3
/GC[Q5] Gold Futures, ETH 3 2
/CL[Q5] Light Sweet Crude Oil Futures,ETH 1 3
/DX[U5] US Dollar Index Futures -3 -3
$DJT Dow Jones Transportation Average 2 -1
XLK SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT INDEX -3 -2
XLI SELECT SECTOR SPDR TRUST INDUSTRIAL SELECT INDEX -1 -3
XLY SELECT SECTOR SPDR TRUST CONSUMER DIS SELECT INDEX 3 3
XLB SELECT SECTOR SPDR TRUST MATERIALS SELECT SEC INDEX 2 3
XLE SELECT SECTOR SPDR TRUST ENERGY SELECT INDEX -3 -3
XLP SELECT SECTOR SPDR TRUST CONSUMER STAPLES INDEX 2 2
XLV SELECT SECTOR SPDR TRUST HEALTH CARE SELECT INDEX 3 3
XLU SELECT SECTOR SPDR TRUST UTILITIES SELECT INDEX -1 -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.

z - even even smaller

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