Futures Markets Trend Zone EOW 01/08/21

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. There wasn’t much of a shift in the overall market tone as the total bullish markets decreased slightly from 31 to 29. The grain markets are still in parabolic mode and the indexes might be on the same path. Gold and Silver took one on the chin today. It will be interesting to see what happens to those two markets next week. Here’s the breakdown:

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@GC@NG@FC@DX
@BO@JY@KC@FV
@BP@LC@TY
@C@LH@US
@CD@MP1@CC
@CL@SI
@EC@W
@ES@OJ
@HG@SB
@HO
@NE1
@NQ
@PL
@RB
@RTY
@S
@SF
@SM
@YM
@CT
209251
54.05%24.32%5.41%13.51%2.70%

Futures Markets Trend Zone EOW 12/31/20

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 Thursday’s close. This past week was a short one again due to the end of the year holiday, but the basket of markets I watch sure closed with a bang. The total bullish markets increased to 31. Here’s the overall breakdown to end the year: 59% are very bullish, 24% are bullish, 8% are neutral, 3% are bearish, and 6% are very bearish. This past year was a wild one and 2021 could prove to be just as interesting. Happy New Year!

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@FV@FC@US@NG
@BO@GC@CC@DX
@BP@JY@OJ
@C@LC
@CD@LH
@CL@SI
@EC@TY
@ES@W
@HG@SB
@HO
@MP1
@NE1
@NQ
@PL
@RB
@RTY
@S
@SF
@SM
@YM
@CT
@KC
229312
59.46%24.32%8.11%2.70%5.41%

Futures Markets Trend Zone EOW 12/24/20

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 Thursday’s close. This past week was a short one due to the Christmas holiday and there was not much movement. The total bullish markets remained at 29. The upcoming week is the last of 2020. It could prove interesting even with a short trading week.

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@BP@LH@US@NG
@BO@FV@TY@CC@DX
@C@GC@SB@OJ
@CD@JY
@CL@LC
@EC@SI
@ES@W
@FC
@HG
@HO
@MP1
@NE1
@NQ
@PL
@RB
@RTY
@S
@SF
@SM
@YM
@KC
@CT
227332
59.46%18.92%8.11%8.11%5.41%

Futures Markets Trend Zone EOW 12/18/20

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 saw my basket of markets move back to the upper range of where they’ve been the past few weeks. The total bullish markets moved up from 21 to 29. We continue to see a risk on move into years end. A quick follow-up on Gold…last week I mentioned Gold found stiff resistance between 1851 and 1882. But, it was still closer to the upper range of this zone than the recent lows of 1767.20. I thought this week could provide some clues on Gold’s next move. Well, we got a strong upside breakout which stalled into the first of two volume @ price resistance clusters. Check this tweet from yesterday here for more information.

Two markets that could prove interesting into the end of the year are the Euro and Copper. Both are trading inside volume @ price resistance clusters. The Euro cluster goes back two years, while the Copper cluster goes back to 2011. Both could have trouble clearing this range without a big correction.

Happy Holidays!

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@FC@TY@LH@NG
@BO@FV@US@DX
@BP@GC@CC
@C@JY@OJ
@CD@LC@SB
@CL@SI
@EC@W
@ES
@HG
@HO
@MP1
@NE1
@NQ
@PL
@RB
@RTY
@S
@SF
@SM
@YM
@KC
@CT
227152
59.46%18.92%2.70%13.51%5.41%

Futures Markets Trend Zone EOW 12/11/20

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 saw a small decline in bullish markets sporting a 4 or a 5 on the spectrum. They dropped from 26 to 21. This is not surprising given the huge run-up most of these markets have had recently. Now let’s follow-up on last week’s interesting markets, Gold and Sugar. Gold did indeed find stiff resistance between 1851 and 1882. However, it is still closer to the upper range of this zone than the recent lows of 1767.20. Next week could provide some clues on Gold’s next move.

Sugar just chopped sideways this week and looks to be entering consolidation. It currently sits at VAL and VWAP support. However, the alignment of the 8:13:21 EMA’s is currently bearish. This is interesting, given the overall look of its chart. I’m interested to see if this near-term support will hold or if a bigger downwards move is coming.

Finally, this weeks most interesting market is Copper, which has been screaming higher since November 2nd. Longs should be cautious as the COT shows long traders holding record long positions for a second consecutive week. There was only a slight correction last time this occurred in late September. But this market has had a much larger run-up this time around. It wouldn’t hurt to take profits up here. I will be posting an article on Barchart.com this weekend with more details about Copper.

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@BP@C@GC@NG
@BO@FV@FC@LC@DX
@CD@JY@S@LH
@CL@CT@SI@SM
@EC@KC@TY@US
@ES@W@SB
@HG@CC
@HO@OJ
@MP1
@NE1
@NQ
@PL
@RB
@RTY
@SF
@YM
165862
43.24%13.51%21.62%16.22%5.41%