Short and Medium Term Market Trends: 7-30-2015

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 -1 -3
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 3 3
/ZN[U5] 10-Year U.S. Treasury Note Futures,ETH 3 2
VIX CBOE MARKET VOLATILITY INDEX -3 -3
/GC[Z5] Gold Futures, ETH -3 -3
/CL[U5] Light Sweet Crude Oil Futures,ETH -3 -3
/DX[U5] US Dollar Index Futures 3 3
$DJT Dow Jones Transportation Average 3 2
XLU SELECT SECTOR SPDR TRUST UTILITIES SELECT INDEX 3 2
XLY SELECT SECTOR SPDR TRUST CONSUMER DIS SELECT INDEX 3 3
XLB SELECT SECTOR SPDR TRUST MATERIALS SELECT SEC INDEX -1 -3
XLK SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT INDEX 3 2
XLF SELECT SECTOR SPDR TRUST FINANCIAL SELECT SECTOR FUND 3 3
XLI SELECT SECTOR SPDR TRUST INDUSTRIAL SELECT INDEX 2 -1
XLV SELECT SECTOR SPDR TRUST HEALTH CARE SELECT INDEX 3 3
XLP SELECT SECTOR SPDR TRUST CONSUMER STAPLES INDEX 3 3
XLE SELECT SECTOR SPDR TRUST ENERGY SELECT INDEX -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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