Sunny Side of the Street | Sunny Harris

Sunny Side of the Street: Current Readings

All opinions expressed herein belong solely to Sunny Harris. Everything I say is meant to be educational in nature, only. Please do not construe any of my comments to be trading advice, or offers to buy or to sell. There are no guarantees that you will make money or that you will not lose money. Please read DISCLAIMER before you go any further.

Stock Picks, Analysis and Education

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Market Commentary

Dow Jones Industrials (07/27/14):

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(This chart is from TradeStation)

Almost ready to run back up. The Dow when up to 17,140 at its recent high. The correction I predicted in last week's commentary then began, right as predicted. the current low is now at 16,915. I think it will go lower. I'm looking for it to touch the Fibonacci support I have on the chart at 123.60%, for a value of 16,851. That's only a few more points down. From there I'm expecting a bounce to resume the run back up. An alternate count would be for the correction to stop at the SunnyBand without reaching the Fibonacci line. The MidLine is currently at 16,926.47. That could stop the downfall in a point or two.

What to do? As for me, I took profits on the red candle that touched the SunnyBand and am now ready to buy back in to hold for some more run up.

Check in later for more information.

S&P 500 EMini (07/27/2014):

This chart is from TradeStation.

EMini made a quick little correction on 7/25/14. I'm still expecting a correction to the MidLine of the SunnyBands. The MidLine lies at 1961.28 now. Like the Dow, I think it will be touch and go, with price touching the MidLine and bouncing quickly back upward.

Look in the current issue of TASC for my review of TradeShark ("Technical Analysis of Stocks and Commodities" magazine).

VantagePoint Predictions Back In Business

I had a hard drive crash and had to get a new drive and re-install everything. I lost a lot of data that was unfortunately not backed up. Soon I'll have TradeShark running again and will then post their beautiful predictions.

-Sunny