Month: October 2020

I look for pullback trade set-ups in trending markets and one helpful tool I use is my trend map. I follow 37 markets and break down each market into 5 categories:

double green (very bullish)(5)
single green (bullish)(4)
yellow (neutral or sideways)(3)
single red (bearish)(2)
double red (very bearish)(1)

Here is my futures markets Trend Zone as of Friday’s close. The basket of markets I watch took a more bearish tone before the election. We went from 11 markets sporting a 2 or a 1 on the spectrum up to 19. Next week should be interesting. Happy Halloween!

Double_Green	Single_Green	Yellow	Single_Red	Double_Red
Very_Bullish (5)	Bullish (4)	Neutral (3)	Bearish (2)	Very_Bearish (1)
@C	@BO	@HG	@AD	@FC
@CT	@OJ	@LH	@FV	@US
@MP1	@BP	@RTY	@CD	@KC
@S	@JY	@SF	@CL
@SB	@NE1	@DX	@GC
@SM	@NG		@EC
@W			@ES
			@HO
			@LC
			@NQ
			@PL
			@RB
			@SI
			@TY
			@YM
			@CC
7	6	5	16	3
18.92%	16.22%	13.51%	43.24%	8.11%

I look for pullback trade set-ups in trending markets and one helpful tool I use is my trend map. I follow 37 markets and break down each market into 5 categories:

double green (very bullish)(5)
single green (bullish)(4)
yellow (neutral or sideways)(3)
single red (bearish)(2)
double red (very bearish)(1)

Here is my futures markets Trend Zone as of Friday’s close. The basket of markets I watch stayed roughly the same week over week. We went from 22 markets sporting a 4 or 5 on the spectrum down to 21. The biggest movers were RBOB (RB) and Orange Juice (OJ). Both moved down 2 slots from bullish to bearish. This could signal a longer term change in trend.

Double_Green	Single_Green	Yellow	Single_Red	Double_Red
Very_Bullish (5)	Bullish (4)	Neutral (3)	Bearish (2)	Very_Bearish (1)
@C	@BO	@CL	@AD	@FC
@CT	@NE1	@HO	@FV	@LC
@LH	@BP	@GC	@RB	@US
@MP1	@CD	@PL	@TY	@KC
@RTY	@EC	@SI	@DX
@S	@ES		@CC
@SB	@NG		@OJ
@SM	@HG
@W	@JY
	@NQ
	@SF
	@YM
9	12	5	7	4
24.32%	32.43%	13.51%	18.92%	10.81%

I look for pullback trade set-ups in trending markets and one helpful tool I use is my trend map. I follow 37 markets and break down each market into 5 categories:

double green (very bullish)(5)
single green (bullish)(4)
yellow (neutral or sideways)(3)
single red (bearish)(2)
double red (very bearish)(1)

Here is my futures markets Trend Zone as of Friday’s close. The basket of markets I watch got slightly more bullish this week. We went from 17 markets sporting a 4 or 5 on the spectrum up to 22. The biggest mover was Live Cattle (LC). It moved down 2 slots from bullish to bearish. This could signal a longer term change in trend.

Double_Green	Single_Green	Yellow	Single_Red	Double_Red
Very_Bullish (5)	Bullish (4)	Neutral (3)	Bearish (2)	Very_Bearish (1)
@C	@BO	@NG	@AD
@LH	@BP	@DX	@EC
@RTY	@CD		@FC
@S	@CL		@FV
@SM	@ES		@GC
@W	@HG		@LC
@CT	@HO		@NE1
@SB	@JY		@PL
	@MP1		@SI
	@NQ		@TY
	@RB		@US
	@SF		@CC
	@YM		@KC
	@OJ
8	14	2	13	0
21.62%	37.84%	5.41%	35.14%	0.00%

I look for pullback trade set-ups in trending markets and one helpful tool I use is my trend map. I follow 37 markets and break down each market into 5 categories:

double green (very bullish)(5)
single green (bullish)(4)
yellow (neutral or sideways)(3)
single red (bearish)(2)
double red (very bearish)(1)

Here is my futures markets Trend Zone as of Friday’s close. The basket of markets I watch bounced back to the bullish side of the spectrum. We went from 11 markets sporting a 4 or 5 on the spectrum up to 17. No individual markets made any big trend changes.

A quick review of the list below shows the bullish markets consist primarily of the grains, indexes and meats. The currencies are trying to resume their bullish trend. The have moved from the bearish end back to neutral after spending many weeks on the bullish end. Last week I asked: will the short term regain its dominance? Or will the longer term strength of these markets win out. It’s looking like the longer term strength is gaining steam. Let’s see if this week shows any follow through.

Double_Green	Single_Green	Yellow	Single_Red	Double_Red
Very_Bullish (5)	Bullish (4)	Neutral (3)	Bearish (2)	Very_Bearish (1)
@C	@BO	@AD	@FC
@LH	@ES	@BP	@FV
@S	@HG	@CD	@GC
@SM	@HO	@CL	@JY
@W	@LC	@EC	@NE1
@CT	@MP1	@SF	@NG
@SB	@NQ	@OJ	@PL
	@RB	@DX	@SI
	@RTY		@TY
	@YM		@US
			@CC
			@KC
7	10	8	12	0
18.92%	27.03%	21.62%	32.43%	0.00%