Sunday night November 14, 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| Quips & Quotes
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). Looks like VP is predicting a bit of a recovery this week. The prediction in gray on the right side of the chart shows higher highs and higher lows for the next 1-3 days. All 3 moving averages have turned up slightly with the short term average just about to break through the zero line. When they actually crossover we will be looking for much higher highs.
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, as 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 Dow is at 37,012 and that 37,249 is a good goal as it is the square of 193, a prime number. I'm sticking by that for the time being. The weekly chart of the Dow shows one red candle that did not penetrate the prior week's low. To me that's a sign of strength. Investor' Business Daily (IBD) is still recommending breakout stocks as buys. Seems to me that alone is bullish.
I still don't see signs of capitulation and impending bearishness, except for the very short term red and purple cells in the RadarScreen below.
SunnyBands Implications
Dow Jones
The next Attractor on the upside lies at 37,012, and 37,249 is the square of 193 and 193 is a prime number. Looks like a good goal to me! I'm standing by that prediction this week. Only prices rolling over will change my mind long-term.
The next Attractor on the
The Upper-Outer SunnyBand (UOB) is currently at 36,642 on the weekly chart. The Dow closed below that Thursday at 35,921. In a previous SSS I said that 36,000 was a very strong Natural Number and I expected a retracement to that level. I happened Thursday with a bounce Friday to close at 36,100 .
The Gold line is still strongly on top on the DMA. The DMA_H histogram signalled bullish on 10/5/21 at 34,314 and now has signaled bearish beginning Tuesday at 36,416. Price is now sitting right on the gold line, hopefully acting as support.
Last week I said that any correction should only got to the UIB or possibly the DMA, which it did.
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 at that time, but Elon Musk asked his followers whether he should sell 10% of his stock to give to the hungry. They answered in the affirmative and then he decided it would go to pay taxes. Still, TSLA dropped significantly--252 points from high to low. I bought more shares when it touched the LOB at 987. It is now back to 1,102 which is a Fibonacci extension of 23.6%.
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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.
S&P 500 (ES)
The ES is up a bit from Wednesday's low of 4,625 sitting now at 4,678 on a closing basis. In fact, it's sitting right under the UIB, having bounced off the gold DMA line. I'm expecting new highs, probably this week, maybe next. The Fibonacci 161.80% extension is sitting overhead at 4,703 and I expect to see that touched again.
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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 at the far right 3 short-term averages calculated with my DMA smoothing function. I call this one RedLite-GreenLite.
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 bearish stocks would appear on top. There are lots of bearish signs in this display. To me this is the time to be buying those that are green (Bearish turning up) Profit from it if you trade stocks. Notice that even when the bearish stocks (on top) yield to the bullish stocks, they are bullish but turning down.
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, and it is now heading back toward the DMA, having first touched the UOB. The gold line of the DMA is on top, showing bullishness, but price faltered at the UIB. If you'll notice the pennant formation from 10/20/21 you will see that prices used that as an Attractor, stopping the downward movement at that level. There is a nice orange horizontal line at that level that goes back to the spring. Notice how often price has stumbled at that level. Since AMZN has the highest PHW signalling that it is the most tradeable, you can readily see that it stays within the yellow rectange I've drawn. Top to bottom, top to bottom.
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 got the wind knocked out of it this past week as Elon Musk asked his followers if they thought he should sell 10% of it. Of course they said yes when he intimated that profits would go toward world hunger. Ultimatedly he said it would go toward paying his taxes. So, TSLA dropped from a high of 1,243 to a low of 987: a drop of 247 points. I bought more shares. I'm still convinced of its ultimate rise to new highs.
Cathy Wood's ARKK ETF. ARKK is holding more TSLA in its fund than any other single stock, which speaks to its week-long downturn. She was just getting on better footing when the TSLA news broke, pulling her fund down to just touch the LIB SunnyBand and then bounce back to the DMA Midline and the down sloping trendline I have drawn on the chart. Will she break out back above the now horizontal DMA? The DMA_Histogram (DMA_H) has been bearish all week with red bars moving downward toward the zero line. Current price is 118.49 with an Attractor at 114.36. I'm guessing it will drop to the Attractor before heading back up.
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. If you are reading this I would like some suggestions!
BitCoin, Gold, Bonds
BitCoin
BitCoin reached the Attractor at 65,000 (as I anticipated a few weeks ago), went on up to a high of 68,030 and stumbled back down to 59,185 or so week before last. Then this week it made another new high at 69,355 only to drop back down, almost to the DMA Midline. This week I'm writing SSS on Saturday night (I am going to a performance tomorrow and won't be at my computer), so I can't tell you how the after hours market trades. Current price is 64,235. I'm still holding my ETHUSD looking for much higher highs.
Gold
Gold finally broke out of its long standing pennant formation (orange trendlines). In fact it was decisive showing 57 points upward to close at 1,868.50. I am still standing by my prediction of 2,000.
Bonds
Bonds are above the Attractor I mentioned last week with current price at 161.38. The Attractor overhead lies at 167-4/32. I don't like the implications, but I think we will see higher bond prices.
DEFINITIONS
MY DIATRIBE FOR THE DAY
ALL NEW! SunnyBands for MetaStock. Give me a call or shoot me an email if you are interested. Does anyone here use MetaStock? If so, please let me know. If so, then I'll work on my other indicators for MetaStock.
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Here's what it looks like:
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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Quips and Quotes
"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.]
"I want to thank you for your books. I have read them all and it has been what has inspired me to have confidence in what I have been trading. This month alone I'm currently up $80k." -Tim A.
"I'm getting a big kick out of the [Sunny]bands this morning. Typically I'm using ParSR and Floor Trader Pivots. It's great when it all comes together. And as you said, your's [sic] [SunnyBands] picks the tops perfectly." -Frank Z.
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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