Sunday night October 24, 2021
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QUICKLINKS: VantagePoint | Last Week I said | Dow | ES | SunnyBands Implications | Trading Room | Automated Strategy | Multiple Timeframes | Stocks | BitCoin | Gold | Bonds | Diatribe | DEFINITIONS
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. VantagePoint clearly projects the anticipated direction and magnitude of tomorrow's market with incredible accuracy. One can use any symbol; I trade the EMini S&P short-term and select stocks for my long-term portfolio. Whether you trade stocks, options, futures, forex, ETFs or crypto, you too can benefit from VantagePoint's predictive artificial intelligence. I highly recommend attending one of their FREE live trainings. No obligation. To save your seat for the next live session, please CLICK HERE.
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 VantagePoint 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 a 3-wave is now forming on the Dow. I still believe that. One characteristic of a 3-wave is that it is always followed by a corrective 4-wave. Since the 2-wave looks to me to be a simple 2, it would follow that the 4-wave would be complex.
I hear you asking, "Why does she use Elliott Waves and Fibonacci when she has SunnyBands." Why? Because they work and are part of the vast storehouse in my brain of Technical Analysis techniques I have studied over the years. In the last 40 years I have read some 773 books (of course I keep them in a database) on subjects as varied as options, volume, Fibonacci, Gann, Elliott, Hurst Cycles, harmonics, astrology, seasonality, cycles, point and figure, psychology, technical analysis and neural networks (and more!). It all comes into play when I am trading, and also when I am teaching.
SunnyBands Implications
Dow Jones
The next Attractor on the upside lies at 35,932, right beneath the Natural Number 36,000. 36,000 is a very important number! There are 360 degrees on a Gann Wheel. The square root of 3,600 is 60. It looks very promising to me because of these numbers. If, however, the VP Prediction for tomorrow on the NQ happens as predicted then I would not be at all surprised to see the Dow follow along out of fear.
The next Attractor on the
The Upper-Outer SunnyBand (UOB) is currently at 35,626. We are above that now, at 35,677. I am expecting (no guess as to timeframe; could be tomorrow, could be later) the Dow to march on up to 36,000 and then stumble a bit. We are in a 3-wave now, you can tell from the gaps, and the 2-wave correction was simple in nature. That speaks to the 4-wave correction being complex. So, my guess is that we hit 36,000 and have a complex sideways to down correction, dipping as low as 35,187. Scare a few more weak hands out.
The DMA_H signalled bullish on 10/5/21 at 34,314 and continues bullish, so I'm expecting more bullishness also based on that. Get your indicators here.
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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. October is almost over! Will it prove to ba a non-event this year?
S&P 500 (ES)
Tonight I'm looking at a weekly chart of the ES. The last close on the ES lies right at the orange Attractor I have drawn at its high of 6 weeks ago. We continue to exhibit bullishness and I'm not saying the party is over until it's over. The Attractor could be a stumbling block, or it could be an activator with the ES plowing right on through. The DMA_H has been bearish for quite some time, but I only take the signal when price confirms it. So, long it is.
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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. xxx
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. I 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 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. After the sort, the bullish stocks are in alphabetical order. I look then at the DifAngle which tells me by displaying with a light green background that the angle is positive, and it gives me the degrees of the angle. I don't like to trade something if the |DifAngle| is < 5. That tells me it is flat, and likely to go sideways for a bit.
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 Gold on top. That would signal bearishness in this stock. But, the last several bars have signalled bullish on the DMA_H. To me that looks like another trading opportunity. AMZN is still in the trading channel it has been in "forever" (the yellow rectangle) but it is sitting smack dab in the middle. The last bar was down as much as 98 points. That looks like a buying opportunity to me and that's just what I'm doing tomorrow depending on price confirmation.
Cathy Wood's 5-year 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. TSLA has broken through overhead resistance, and I would call it decisively, to close at 909.68. The range for the day was 19.04 points. It is above the UOB and has an angle of 85 degrees. That can't be sustained forever. Markets usually like a 45 degree angle. This is almost twice that. But bullish activity can hold a 75 degree angle for some time. The next Fibonacci line is at 1,102, so I'm buying more TSLA tomorrow morning too.
Buy the DMA_H and SunnyBands for yourself. They are life savers. I totally rely on them for my own trading. indicators for yourself. They are a great trading tool!
Send me a note telling me what stock you would like to see analyzed next week.
BitCoin, Gold, Bonds
BitCoin
BitCoin has reached the Attractor at 65,000 (as I anticipated last week) and stumbled back down to 61,000. BTC moved right on up to the all-time high, closing on Wednesday at 67,680, and then stumbled. That’s usually par for the course when we make new highs in anything. The correction moved down through the Upper Inner Band (UIB) and is now heading for the DMA Midline, which lies at 57,973. But the midline is sideways so I’m expecting it to move down a bit more for a few days.
Gold
The daily chart of gold (@GC) has broken the downward trendline from June and even hit the UOB, passing right through the UIB like a sharp knife. Speaking of which, I sent my Cutco knives in to Cutco for free sharpening and they will be back this week. I LOVE Cutco! Lifetime guarantee; sharpest knives in the world and they hold their sharpness. If you want them sharpened, you just send them to Cutco: it’s free, you only pay for shipping. I have a full set of 12 steak knives and also of cooking and carving knives. You are all invited to dinner. Back to gold, on its breakout from the trendline it also broke out of the pennant formation it was in. Next stop 1,828. The DMA_H has been bullish since 9/30/21 at 1,721. The monthly Gold chart looks very different. It shows the pennant of congestion starting in September 2020 and running fairly sideways for a year right around the Attract that comes for 2011’s high of 2,137 and the congestion that followed for months before it dropped. I think we are (long-term) headed higher.
Bonds
Bonds: Still below DMA and touching the LOB (Lower Outer SunnyBand) which could signal upward movement tomorrow, or it could break the Attractor and the LOB and move decisively downward. This is a critical position to be in. If it moves down, there is Fibonacci line lying at 154-12/32 that should hold further decline for a while. Speaking of Fibonacci, take a look at my most recent article for TradersWorld magazine entitled “Practical Fibonacci.” Thank you, Larry.
DEFINITIONS
MY DIATRIBE FOR THE DAY
All of my products are 30% OFF through Halloween!
You've got to see it to believe it. In the latest version of SunnyBands I have implemented the Commentary feature. By turning on Commentary (the little icon at the top right of your tool bar) and then clicking on a bar, it will display the information for that bar AND use the corresponding colors. It's a great tool which I use to see my projected targets and stops. Call me if you want a free 7-day trial. And if you already have SunnyBands, let me know you want the free update. With my products, all updates are free forever.
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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