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)
I haven’t posted a Trend Zone update since late January, but I have still been tracking them every week. Here is the latest as of Friday’s close. The overall tone of the markets increased to its highest bullish rating in the 9 months that I’ve been monitoring it. Total bullish markets ripped higher from 21 to 33. The group of markets I’m watching is now an astonishing 89% bullish. This could be confirmation of a jump in inflation. It will be interesting to see if this trend can continue or if it will be temporary. Stay tuned!
| Double_Green | Single_Green | Yellow | Single_Red | Double_Red |
| Very_Bullish (5) | Bullish (4) | Neutral (3) | Bearish (2) | Very_Bearish (1) |
| @BO | @AD | @CC | @FC | @LC |
| @C | @BP | @DX | ||
| @ES | @CD | |||
| @HG | @CL | |||
| @LH | @EC | |||
| @MP1 | @FV | |||
| @NQ | @GC | |||
| @S | @HO | |||
| @YM | @JY | |||
| @NE1 | ||||
| @NG | ||||
| @PL | ||||
| @RB | ||||
| @RTY | ||||
| @SF | ||||
| @SI | ||||
| @SM | ||||
| @TY | ||||
| @US | ||||
| @W | ||||
| @CT | ||||
| @KC | ||||
| @OJ | ||||
| @SB | ||||
| 9 | 24 | 1 | 2 | 1 |
| 24.32% | 64.86% | 2.70% | 5.41% | 2.70% |