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!
|Very_Bullish (5)||Bullish (4)||Neutral (3)||Bearish (2)||Very_Bearish (1)|