Sunday night September 26, 2021
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VantagePoint ai Prediction for Tomorrow
VP clearly projects the anticipated direction and magnitude of tomorrow’s market. One can use any symbol; I trade the EMini S&P short-term and select stocks for my long-term portfolio.
My read of this chart is: The Dow was seriously down and then even more seriously up last week, ending the week up about 1,265 points, after an intraday drop on Monday of about 900 points. Tomorrow's prediction is for further upside potential, with a predicted high just over 35,000.
Check the home page of this website daily to keep up with the predictions from VantagePoint.
The MovingAverages are definitely bullish, with the high of the MAVs greater than any time on the visible chart area. Look below in the SunnyBands areas to see what I think of tomorrow's action.
While this prediction is good for tomorrow, wouldn't you want to know every day of the week? Of course, the best thing is to run VP every afternoon, not just on Sunday nights, like I do for this newsletter. And you can always look at the home page of MoneyMentor to see the current VP chart.
VP (VantagePoint ai Software) suggests that tomorrow could explore a bit to the upside but test lower areas still.
Last Week I Said
Last Sunday I said that the low was upon us. And it happened on Monday! The Dow dropped right to the Attractor I had drawn over the stagnation of 10 weeks ago. In fact, it dropped lower and closed right at the Attractor. On the weekly chart, below, you can hardly even see the drop. The market is still displaying topping action, so it is difficult to say what the coming week will bring. Since we are in the end of September and October is upon us, we could still see some more downward movement. If it does happen, I expect it to drop to 33,235. Beware! Trading is a Dangerous Business.
I'm buying back in slowly now. As you know I closed most of my stock positions about 4 weeks ago, and I'm adding back now, but cautiously. TSLA is still my favorite stock, and is doing well, having added almost 60 points to the upside last week.
SunnyBands Implications
Dow Jones
Last Sunday I said the Dow was sitting very close to the Attractor that lies at 34,000. Natural Numbers (integers) are often stumbling blocks for market charts. They seem to cause sideways movement as the players try to decide which way to go next. And last Monday it fell right to that area. Looks like there is something to this Mathematical stuff after all.
My SunnyBands indicator and my DMA_H indicator both signalled Bullish on Wednesday last week and have not changed. Typically when the DMA_H is below zero and has turned green we will see upward movement, at least until it gets past the zero-line. However, the DMA (purple and gold lines in the middle of the SunnyBands) are flat. That is not usually a good sign. Nevertheless, markets penetrating the DMA, as they have in this chart, is a positive sign. I'm anticipating the Dow to test the DMA at about 34,650 tomorrow.
There is a strong Attractor overhead at 34,955, and at 35,000 we encounter the Natural Numbers phenomenon again. I expect some resistance there. Looking at the 15-minute chart reveals that the Dow was sideways all of Friday and half of Thursday. Movement tomorrow could go either way.
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I am still predicting Dow 50,000 but not just yet. We still have some downs and ups to explore before we get there. Beware October!
S&P 500 (ES)
The ES has been correcting every 21 days or so (a Fibonacci number) at the rate of about 3-4%. This time the correction last week took the ES right to the 55-day MAV. It should hold there if the corrections cycle holds. The correction portended by the DMA_H dipping below zero happened last week. As of Thursday the DMA_H signalled Bullish, and it has been going upward since then. Tonight, in Globex trading, the ES is up 14 points, on a sizeable up-baar at 17:15 PT. Technically I know what happened, but I wonder what happened elsewhere in the fundamental space.
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Since this is a weekly missive, we miss the daily changes to the indicators. Send me an email if you are interested in daily updates. I can have them sent to you directly from my trading platformto your email or your phone. Or better yet, order SunnyBands and DMA_H for your own computer. Of course, like all my products, they work on intraday charts just a well. All symbols, all timeframes.
Fibonacci Retracements and Extensions
Fibonacci extensions are still in force, projecting long-term higher prices. It appears that the Fib Arcs have now resolved for the time being. The DMA_H, seen above, is signalling further move upward. HOWEVER, price is right at the 21-day moving average and has been touched in Globex trading. The market will only continue up tomorrow if it breaks above the 21-day MAV and then it will head on up to the Attractor at 4,500 which is also where the upper-inner SunnyBand lies.
To get a long-term perspective, let's look at the various positions called for by the consensus of timeframes. Only the short-term indicators are bearish. The other timeframes are bullish but turning down. Not much has changed in this regard from last week.
You need to have these indicators for your own to take your trading to the next level.
Call me (1-760-908-3070) and I'll send you a 7-day FREE trial of these indicators for you to see for yourself. Don't want to call? Just fill out your questions and desires on my Comments form and I'll get right back to you.
Stocks
In this section, I like to take a peek at a few of my favorite stocks. Like Cathy Wood, of Ark Invest, I like disruptive stocks, those that promise radical changes to the way we live, like TSLA. I also trade what I know. I use Amazon in real life, so I trade AMZN. I use Verizon as my phone carrier, so I trade VZ. I use Microsoft software so I trade MSFT and so on. Let's first look at the RadarScreen view of a few stocks:
The table above is my main research tool. It not only has my DMA_H predictions but also shows my PHW indicator (yellow) and another indicator I call RedLiteGreenLite.
When I sort on PHW from highest to lowest (as in this display) tells me which stocks are the most tradable. A stock that just moves slowly from A to B is an investment, not a tradable. I'm looking for wide swings from which to profit, not just buy-and-hold. This is how I decide what stocks to buy and which to trade.
RedLiteGreenLite shows me three short-term DMAs (DynamicMovingAverages) of 2, 3, and 10 periods. This is another quick way of viewing the state of the stocks in question. Notice how much red and purple is on the RadarScreen. Lots of bearishness for the short-term.
To me trading is not about being right! There are lots of advisors and stock pickers out there who boast about getting MSFT at $32 and holding it for gazillions in profit. My trading style is to specialize in a few things and be good at them. The stock pickers never tell you how many they picked right, only the few that were the big winners. I specialize in a handful of stocks for the long swings and the EMini futures for intraday trading.
The columns just past the middle of the RadarScreen window show a colorful area that tells me at a glance the configuration of my DMA_H on all the stocks in this portfolio. (This indicator is called DMA_R_H, meaning DynamicMovingAverage RadarScreen Histogram.) Green Bearish \/ means the stock has been bearish but is now turning up. Purple \\ means primarily bearish. (These are the colors in the DMA_H and SunnyBands DMA. So, "purple" means Purple is on top in the DMA.) Gold Bullish // means the stock is moving upward. Red Bullish /\ means the stock has been going up but has now turned downward.
Of course, you can sort on any or several of these columns with this indicator. Color coding things makes it easy for me to spot opportunities at a glance.
From this look (above) at the RadarScreen (like a spreadsheet) I can sort by SDMA, which shows me all the bullish stocks on top with Dir showing me which are moving aggressively upward and which have been moving up but have now turned down or the PHW which shows me the most tradable stocks. Call me, I'll explain it. 1-760-908-3070 PST.
Click Here to see and listen to the DMA_H Live with BingTicks!
AMZN, the stock with the highest PHW, is still in my focus today, and has been the last few SSS's. Why? Because it is a great swing trading stock as well as a long-term investment. The yellow rectangle shows the channel it has been in. Notice on the right that the swings have been getting higher and the current move has retreated slightly . I'm thinking this one is in for another move up. At its current price of 3,425 a swing up to recent highs would give a 300 point profit per share.
Notice a newish indicator on the charts My PennantFinder indicator draws congestion patterns, highlighted by blue triangles and red breakout lines. This past week, while Sam Tennis and I were working on our new book "TradeStation EasyLanguage OOEL Made Easy!" he taught me how to highlight the pennants with a yellow background using OOEL. It definitely makes it easy to see. If you already have this indicator, call me or email me so I can send you the update. (Updates are always free.)
Cathy Wood's projection for TSLA (below) is 4,000 at this juncture. She may raise or lower her projection, but this is it currently.
While the week was down for the indices, TSLA held strong and was up on the week. The gold DMA line is still above the purple, a sign of strength. While the rest of the market was struggling last week, TSLA was up about 50 points on the week. If it continues upward I'm looking at the upper objective happening. If it goes lower, I'm again a buyer of its weakness. At its current position TSLA is up against recent highs at 774 and change. The DMA_H is signalling bullish and if TSLA breaks out to the upside I expect to see 885 next.
Buy the DMA_H and SunnyBands for yourself. They are life savers. I totally rely on them for my own trading.
Send me a note telling me what stock you would like to see analyzed next week.
BitCoin, Gold, Bonds
BitCoin
BitCoin is hanging out at the congestion area from yesterday in after-hours trading. Wonder why we call it "after-hours" when really it is "before-hours:? Its RSI is still above 60, but is lower than it was earlier today. The DMA_H is below zero, signalling bearishness. Price is also below the Atractor that imminates from recent lows. The Fibonacci retracements are showing the next level down at 39,736. I'm still holding my Etherium for the long-term, but it too is showing weakness.
Gold
Gold futures are trading up in the after-hours session from Friday's close, currently at 1,753 after a big down day week before last . The weekly chart looks like a mass of congestion. That tells me we are not sure of its future. Will it remain the "gold standard" or will we convert to cryptos? I still believe in the metal and its value. The DMA_H is below zero and purple, signalling bearishness. Price hasn't yet touched the lower SunnyBand, which it will probably do in the next few sessions.
I am still a holder of and believer in the metal. I don't speculate in the gold stocks since so many factors can govern its mining and business practices. I like the physical and believe we will still see $2,000 gold.
Bonds
Bonds dropped on Thursday and Friday to the 38.2% Fib line and are holding at Friday's congestion. Price has touched the lower-inner SunnyBand and the DMA_H is signalling bearishness with the DMA also bearish. Purple is now on top, which could signal further move to the down side.
MY DIATRIBE FOR THE DAY
Real-Time P/L Viewer - Samuel K. Tennis
Sam Tennis and I are writing a new book together: "EasyLanguage Object-Oriented Programming Made Easy!" You already know that. We'll be done in a year or so. Get notified of the publication as soon as it goes to press. Get your autographed copy now.
As part of this adventure we are coding examples and testing ideas for the book. I asked Sam for a Real Time Position Viewer that I could put on my charts when I'm trading. He oblidged with this wonderful gadget.
I put it on the chart I am trading (usually ES) and not only does it show me the real time updates but gives me everything else I need to know while I'm in a trade.
I find it invaluable. It is a MUST for avid and frequent traders. If you would like one for your own, contact me at sunny@moneymentor.com or Mr. Tennis at
Next, for you TradeStation folks out there his own book is "Ask Mr. EasyLanguage." It was written for the express purpose of helping users of TradeStation understand EasyLanguage.
Mr. Tennis provides the basics and then goes further by naming specific problems and taking the reader through the steps of correcting and understanding the solutions. The goal Mr. Tennis sought was to demystify EasyLanguage so that everyone could use it. He clearly accomplished that goal.
Anyone who has any interest in TradeStation at all should read this book. Sam was the lead designer of EasyLanguage when he worked at TradeStation (then Omega Research) and knows more about it than anyone else, since he wrote it in the first place. Get yours on Amazon.
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IMPORTANT: Nothing in this newsletter is an offer to buy or sell securities of any type, nor is it advice to make any financial decisions. You are in charge of your assets and only you know your risk tolerance and how much you can afford to lose. Never invest/trade with money you cannot afford to lose. This information is intended as educational only. DISCLOSURE.
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Products
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Consulting/Mentoring - There is nothing that makes me happier than my students turning into great, profitable traders. I love to help new traders, and intermediate traders who are in a slump.
"Thanks very much; I do like hearing from you [, Sunny]. Thanks to SunnyBands I now have a net worth above $1.25 Million." -Don T. [Editor's note: Don started 3 years ago with a $25,000 account. And, he told me yesterday that his account is now well over $2 Million.]
SunnyBands - SunnyBands are a extension of my DMA. The two lines above and two lines below the purple and gold DMA alert me to where the market is going. They are constructed from ATR bands on either side of the DMA.
DMA_H - Sunny"s DynamicMovingAverage in histogram format, using sophisticated math to smooth out the whipsaws.
Of course, my indicators work on any symbol, any time frame. In my own trading I use 1-min charts of the ES.
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Sunny has been teaching others to trade almost as long as she has been trading. Helping struggling novices over the hurdles is a passion of hers. Sunny has won awards for her teaching and consulting, being #1 in several categories. Sunny can teach you how to use TradeStation & MultiCharts and EasyLanguage and PowerLanguage, TC2000, VantagePoint, NinjaTrader, Genesis Navigator, and MetaStock so you don’t spend months struggling on your own. If you have a concept you want programmed, she can do it for you or teach you how to do it yourself. Click Here.
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