Bull, Bear & Black Swan Report 

This newsletter trains you how to think, decide and adapt, focusing on the market direction without prediction. Built on trend following principles, not gut feeling, it offers mental models to stay calm when others panic. With system-first thinking even in chaotic times, you gain historical insight and current strategies, learning how pros survived and thrived over the last 75 years. Each issue focuses on a powerful idea, turning it into tactical edge.

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$597 semi-annually

Subscribe semi-annually

Bull, Bear & Black Swan Report

 

Monthly Issue Includes:

✔ Editorial Deep Dive – Sharpens your mindset with zero fluff
✔ AI Market Insight – One cutting-edge trend cue
✔ Book Breakdown – Lessons from key trading reads
✔ Charts & Signals – Clean, rules-based setups
✔ Myth Busted – One trading belief destroyed
✔ Interview Highlight – Top wisdom from traders and authors
✔ Trading Edge Quiz – Sharpen your thinking fast
✔ Historical Snapshot – How systems handled real market events
✔ Mindset Boost – Reset your thinking with one clear takeaway
✔ Podcast Flashback – A timeless trend following moment
✔ X Thread Breakdown – Real insight from the noise
✔ Mailbag Insight – Real wins, questions, and breakthroughs
✔ Quote of the Month – A hard-hitting line from a legend

Michael Covel’s Bull, Bear & Black Swan Report is not just a newsletter. It’s timeless trading philosophy in motion.

Each month, you get a strategic operating system for thinking and acting as a trend follower—not reacting like the herd. Whether you’re new, a seasoned trader or just sharpening your edge, this report rewires your decision-making, clarifies your focus, and arms you with pressure-tested tools to navigate always uncertain global markets.

Other newsletters try to tell you where the market will go, this one shows you how to survive and ride trends. Others try to impress with bold forecasts and false certainty. This one trains your mind for acting on the battlefield.

You won’t find market predictions here—you’ll find a blueprint for surviving volatility, ambiguity and chaos.

You’ll learn:

  • Pressure-tested decision-making – how to act when the heat’s on and the signals aren’t perfect

  • Emotional resilience – how to stay calm, objective, and deliberate in a storm of noise

  • Real risk – how to absorb losses without flinching and press winners without fear

Old-school rules, modern tools.
This isn’t a nostalgia trip. These are time-proven principles applied with 21st-century precision. We combine:

  • Classic trend following techniques from the legends

  • Rock solid logic to reinforce repeatable edges

  • Curated Twitter (X) threads decoded for meaningful insights

Every issue translates complexity into clarity. This is old-school discipline meeting digital-era agility.

Behind-the-scenes.
Lessons from real traders, reader breakthroughs and classic market moves.

Join our culture.
This is about reinforcement. About how trend followers live, trade and win.

No predictions. No noise.
Just clarity, process, and mindset.

Disclaimer

The information, tools, and materials presented in the Bull, Bear & Black Swan Report and related Trend Following™ content are provided for informational purposes only. They are not to be considered an offer or solicitation to buy, sell, or subscribe to securities, investment products, or other financial instruments. This report is prepared for general circulation and does not account for the specific investment objectives, financial situation, or particular needs of any individual recipient. You should independently evaluate any investments and consult an independent financial adviser before making investment decisions or entering into any transactions related to securities mentioned in this report.

Content on the Trend Following™ and TurtleTrader® network, including the Bull, Bear & Black Swan Report, may not be copied, reprinted, or redistributed without written permission from Michael Covel and or Trend Following™ (permission is typically granted upon request). The purpose of this content is to encourage the free exchange of ideas across investments, risk, economics, psychology, human behavior, entrepreneurship, and innovation. All content reflects the opinions of Michael Covel or respective authors, who may retain copyright as noted. Information is sourced from the CFTC, SEC, Yahoo Finance, Google, and disclosure documents by managers mentioned, and while assumed accurate, Trend Following™ assumes no responsibility for errors, omissions, or clerical mistakes in these sources.

Trend Following™, its subsidiaries, employees, and agents do not solicit or execute trades, provide investment advice, or act as registered brokers or advisors with any federal or state agency. Readers are solely responsible for selecting stocks, currencies, options, commodities, futures contracts, or strategies and for monitoring their brokerage accounts. Trend Following™, TurtleTrader®, and TurtleTrader.com® are trademarks/service marks of Trend Following™. Other trademarks or service marks appearing in this newsletter or related sites may belong to Trend Following™ or unaffiliated third parties.


Trend Following™
Offices in USA and Asia
Email: [email protected]
Michael can be found on X @Covel and IG @mikecovel. His personal site is Covel.com.
Trend Following™
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