Sunday night October 31, 2021 HAPPY HALLOWEEN
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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 FREE live session, please CLICK HERE.
Tonight's VantagePoint Prediction is of the Emini S&P 500 (ES). The Dow followed the projection perfectly for last week. VantagePoint claims that their prediction is good for the next 1-3 days. And on Wednesday last week the prediction came true. The Dow abruptly dropped almost 400 points in the middle of a move that was basically upward, right down to support. Tonight's forecast predicts more upward movement on the ES with it breaking the new high established last week to seek yet newer highs. The VP Moving Averages are quite varied and far apart. In fact they are moving sideways. I always interpret that as upcoming congestion.
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 the next Attractor on the upside lies at 35,932, right beneath the Natural Number 36,000. The high of the Dow last week was 35,892 and change. Right at the Attractor. Phenomenal! Today I'm telling you that the next level is at 36,204. Will it hit it tomorrow? I don't know. The UOB (Upper Outer SunnyBand) has been touched fo several days and that usually price leads the band upwards until it doesn't any longer. And, the Gold line of the DMA is on top, which is bullish. When it breaks in this market it is likely to only drop to the DMA Midline which currently lies at 35,232, and bounce back up from there.
It seems that lots of pundits are calling for a crash. One email I got today said that their service will tell us the exact price and date from which the market will drop significantly. Yeah right. Cathy Wood debunks it saying we are far from a bubble.
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. Usually in order to penetrate a number like this the market has to make a sharp stab at it to get through the barrier. That's what I am anticipating.
The next Attractor on the
The Upper-Outer SunnyBand (UOB) is currently at 35,747. We are above that now, at 35,852. I am expecting the Dow to march on up to 36,000 and through and then stumble a bit. It looks still like we are in a 3 of 3 wave and that would call for a 4-wave to follow. It could go higher and then correct from there, or it could begin before the decisive penetration of 36,000. I'm rooting for the break of 36,000 first.
The Gold line is on top on the DMA. The DMA_H histogram 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.
Price is riding the SunnyBands right on upward. The UIB was tested last week but barely penetrated, bouncing right on up the next day. This all speaks to increasing prices.
Speaking of higher prices, have you seen that TSLA (and others) announced price increases to accomodate higher shipping and materials costs? And prices didn't flinch.
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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 over! It looks like the fall correction was in September with 1,897 points down from August 30th to September 20th.
S&P 500 (ES)
Tonight I'm looking at a daily chart of the ES. The last close on the ES is a new all-time high close with the ES at 4,602.50.
Fibonacci projections from the formation from 10/1 to 10/7 go right to currrent price with 100% projection. Who know where it will go from here. I could make strong arguments for either direction. In overnight trading the ESZ21 is just now at 4,613, up another 11 points and the night is young.
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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
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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. Notice that very few of the angles are < 5 degrees. Most are in a light green background with steep angles. That speaks to more bullishness.
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 right on the DMA with Gold on top. The DMA has been relatively flat for some time now and is right in the middle of the range highlighted in yellow. That's what makes it have a high PHW. It is tradable, not necessarily an investment. Up and down, up and down. That's about it for a long time.
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 beat its high from last week's newsletter to close Friday at 1,114! . As I told you I would last week, I bought more when it was at 950. Good deal! I still think it is going higher. Hopefully they won't change their name to something like Meta.
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 reached the Attractor at 65,000 (as I anticipated week before last), went on up to a high of 68,030 and stumbled back down to 59,185 or so, right at the SunnyBands midline . BTC moved right on up to the all-time high, closing on Wednesday at 67,680, and then stumbled. As I suggested last week, it stumbled right down to the Midline at 58,990 and started recovering. It is now at 62,785 on a closing basis. I'll get back to this paragraph as soon as the markets open at 3pm my time... I'm back. It's 4:20p and BTC is down, at 61,950. We'll see what tomorrow brings.
Gold
Some say that Gold is going down. But if you will take a look at @GC on a monthly basis, price is in a pennant formation and looks about ready to breakout to me. It has been fighting with the Midline at 1,792.16. At this moment, in after-hours trading, Gold is down just a tad, but still up from yesterday's bottom. I know that others don't agree with me but I'm still looking for higher prices.
The price of gold has always be the equivalent of a nice men's suit. It was true when gold was $32/oz and a suit was then the same. It has held true for years and years. And it's still true. Now we are experiencing inflation as cargo ships sit in harbors and materials of all kinds are more expensive. Suits and thus gold, will get more expensive also.
Bonds
Bonds are above Friday's close holding at 160.66, but just slightly in after-hours trading. It is only an hour into the Sunday session so we have yet to see what happens as the foreign markets start playing. I don't have any predictions about bonds, just a pretty chart. The DMA_H says to expect more up movement. I'm looking at an overhead Attractor at 167-3/32. I'm thinking that will come true. Time for me to get long some bonds for the short-term.
DEFINITIONS
MY DIATRIBE FOR THE DAY
ALL NEW! SunnyBands for MetaStock. Give me a call if you are interested.
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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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"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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