Month: November 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. This past week we continued to see 28 markets sporting a 4 or a 5 on the spectrum. However, the most bullish increased from 12 to 16. This truly is a risk on market right now. The most interesting market to me right now is Gold. It is now double red, which is very bearish. This is the first time Gold has been double red since I starting posting my trend zones back on 7/31/20. I will be writing an article about Gold later this weekend. Keep an eye out for it.

Double_Green	Single_Green	Yellow	Single_Red	Double_Red
Very_Bullish (5)	Bullish (4)	Neutral (3)	Bearish (2)	Very_Bearish (1)
@AD	@CD	@FV	@LH	@GC
@BO	@CL	@TY	@NG	@DX
@BP	@EC	@US	@SI
@C	@FC		@W
@CC	@JY
@ES	@LC
@HG	@NQ
@HO	@PL
@MP1	@RB
@NE1	@SF
@OJ	@CT
@RTY	@KC
@S
@SB
@SM
@YM
16	12	3	4	2
43.24%	32.43%	8.11%	10.81%	5.41%

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. This past week another jump higher in bullish markets. We went from 23 markets sporting a 4 or a 5 up to 28. That means an incredible 76% of the markets I follow are slightly bullish to bullish. The biggest mover was Cocoa (CC). It moved up 3 slots from bearish to very bullish. However, this big move higher is related to a big purchase by Hershey. I would avoid this market as volatility will surely increase and Cocoa often makes dramatic falls during huge spikes higher.

Double_Green	Single_Green	Yellow	Single_Red	Double_Red
Very_Bullish (5)	Bullish (4)	Neutral (3)	Bearish (2)	Very_Bearish (1)
@BO	@AD	@US	@FV
@C	@BP		@GC
@ES	@CD		@LH
@HG	@CL		@NG
@MP1	@EC		@SI
@NE1	@FC		@TY
@RTY	@HO		@W
@S	@JY		@DX
@SM	@LC
@YM	@NQ
@OJ	@PL
@SB	@RB
	@SF
	@CC
	@KC
	@CT
12	16	1	8	0
32.43%	43.24%	2.70%	21.62%	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. This past week was just a hold on last week with a couple more markets joining the bullish side of the spectrum. We went from 20 markets sporting a 4 or a 5 up to 23. However, no moves up or down on the spectrum caught my eye this week.

Double_Green	Single_Green	Yellow	Single_Red	Double_Red
Very_Bullish (5)	Bullish (4)	Neutral (3)	Bearish (2)	Very_Bearish (1)
@BO	@AD	@JY	@FV
@C	@BP	@LH	@GC
@MP1	@CD	@W	@NG
@NE1	@CL	@SI	@SF
@RTY	@EC	@KC	@TY
@S	@ES	@CT	@US
@SB	@HG		@CC
@SM	@FC		@DX
	@HO
	@LC
	@NQ
	@PL
	@RB
	@YM
	@OJ
8	15	6	8	0
21.62%	40.54%	16.22%	21.62%	0.00%

 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. Election week brought a resumption of the trends we were seeing over the summer. We went from 13 markets sporting a 4 or a 5 on the spectrum up to 20. Will we see continuation, small pull backs, or big reversals? The next couple weeks should set up the next few months.

Market Mover: FC (Feed Cattle) made the biggest move. It went from a 1 (very bearish) to a 4 (bullish). Keep on eye on this one.

Double_Green	Single_Green	Yellow	Single_Red	Double_Red
Very_Bullish (5)	Bullish (4)	Neutral (3)	Bearish (2)	Very_Bearish (1)
@C	@AD	@LH	@CL	@CC
@JY	@BO	@NG	@FV	@KC
@MP1	@BP	@W	@RB
@S	@CD	@HO	@TY
@SB	@ES	@PL	@DX
@SM	@EC	@LC	@US
	@FC	@SI
	@GC	@YM
	@HG	@CT
	@NE1
	@NQ
	@RTY
	@SF
	@OJ
6	14	9	6	2
16.22%	37.84%	24.32%	16.22%	5.41%