Sunday night October 10, 2021
I've Automated my 5-min EMini Trading Strategy. Take a Look.
VantagePoint ai Prediction for Tomorrow
VantagePoint 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.
Check the home page of this website daily to keep up with the daily predictions from VantagePoint.
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.
Last Week I Said
Last Sunday I said that I expecting some upside action from the inside bar day of Friday. And indeed we had it! From the low to the high the Dow gained 1,123 points. Is it a Recovery? I don't know just yet. Why? Because there is a heavy Attractor lying right at the high of Thursday: at 34,957. Remember what I told you about Natural Numbers. The market will need to break 35,000 decisively before I believe it is going on up. Note, however, that the current chart shows what I believe is a 1-wave (Elliott Wave) with a 3-wave now forming. If I am right it should project to about 35,500. Remember that these waves all consist of smaller fractals of waves. So, the 3-wave could easily move five waves with the 2-wave correction being dow to 34,500 before the move continues.
SunnyBands Implications
Dow Jones
The week before last the Dow was sitting very close to the Attractor that lies at 34,000. Indeed, it stopped moving downward right beneath that level. This week I am expecting some more upside action accompanied by a little bit of correction down to about 34,500. On the SunnyBands, the upper-inner SunnyBand lies at 35,200 and that's where I am looking for tomorrow's action to extend to. It's hard to tell if it will stick there, but I at least expect it to try.
The DMA_H signalled bullish three bars ago so I'm expecting bullishness also based on that.
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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)
In the chart above I have two moving averages, 21-week and 55-week (I like Fibonacci numbers). They are labelled. You can see that the ES has moved right to it's 21-week Moving Average (MAV) and in after-hours trading tonight it is sitting listlessly on that average. On a daily chart, the DMA_H is bullish from 5 bars ago,, while the weekly chart is still signalling bearishness.
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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.
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 also 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 which uses my DMA averages, not standard MAVs.
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 (to me). 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. This week I have sorted on the SDMA and Dir so that the most bullish stocks would appear on top. Profit from it if you trade stocks.
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.
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. If you would like this indicator for your RadarScreen click here.
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, is still the stock with the highest PHW, yet it lies currently below the DMA with Purple on top. That would signal bearishness in this stock. But, the last 3 bars have signalled bullish on the DMA_H. To me that looks like another trading opportunity.
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. But who knows. Cathy Wood's ARKK ETF is not doing so well lately. See chart below. She is stuck outside of the yellow channel the ETF was in and now hopefully it will break back inside the zone, especially with the DMA_H signalling bullishness.
TSLA is still holding its own. The stock has continued a steady (in stock market terms) rise up with a few bumps in the road. I'm still expecting it to attempt a run for 900.
The DMA is bullish on TSLA, the DMA_H not so much. But the Attractor up above is beckoning.
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
Last week I said that BitCoin is hanging out at the DMA and has recovered a bit. The gold and purple lines are about ready to cross to the bullish side. It seems to be heading for the Upper-Inner SunnyBand, which lies near 50,000. I think that if it hits that it will likely stumble and then pop on through. And pop on through it did, and it now lies at 55,195 in after-hours trading. There is a stumbling block, however, at 56,879 where price stumbled in May. I'm still holding on to mine.
Gold
Gold made a big run up on Friday (on the 15-minute chart) followed by a move right back down to where it was. On the daily chart, however, it just looks to be languishing right below the Attractor at 1,800. I do expect it will rise to that level, but it might be a while. Price is currently under the DMA and the DMA has purple on top, showing weakness. The DMA_H signalled bullish on 9/30/21 but price has gone sideways to down since then.
Remember the trading rules: when the DMA_H gives a signal I wait for price to move in the anticipated direction before making a trade.
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: Last week I thought that bonds would stumble at the 23.6% Fib line. And they did. In fact, now US is sitting right on the 38.2% retracement line on the weekly chart. In after-hours trading on the 15-minute chart they are primarily sideways. I would expect them to bounce off the Attractor that lies at about 158 for a few days.
MY DIATRIBE FOR THE DAY
My 5-min S&P Trading System
I asked Sam Tennis to program my trading strategy that I've been using for years for me. He did a bang up job in record time. He's a great programmer if you ever need one. And a great teacher too!
So, what you see above is today's unattended trading my automated strategy real-time. Five contracts of the ES. Or rather, it is trading itself. Take a look and see what you think.
Comments?
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
All subscribers to my Sunny Side of the Street newsletter, and Members of MoneyMentor, are eligible for a 10% discount on my products. Call if you are interested.
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.
Archives
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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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