Short and Medium Term Market Trends: 9-24-2015

Market Traget Crossword

More week to week volatility – mostly -3’s for long equity markets.

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 -3
SPX S&P 500 INDEX -3 -3
RUT RUSSELL 2000 INDEX -3 -3
/ZB[Z5] 30-Year U.S. Treasury Bond Futures,ETH 3 3
/ZN[Z5] 10-Year U.S. Treasury Note Futures,ETH 3 3
VIX CBOE MARKET VOLATILITY INDEX 2 3
/GC[Z5] Gold Futures, ETH 3 2
/CL[V5] Light Sweet Crude Oil Futures,ETH -2 -3
/DX[Z5] US Dollar Index Futures 3 -1
NDX NASDAQ-100 INDEX INDEX -3 -3
$DJT Dow Jones Transportation Average -3 -3
XLK SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT INDEX -3 -3
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 -3 -3
XLV SELECT SECTOR SPDR TRUST HEALTH CARE SELECT INDEX -3 -3
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.

I will be doing an analysis of the cheapest Markets later today – I want to put some money to work, or at least get paid for trying.

z - even even smaller

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