Sunday night November 28, 2021
No new free presentations coming up at this time. I'm saving all of December to prepare for the Strategy Forum. Save the dates Jan 11, 18, 25 and Feb 1 2022! All New "Strategy Trading in 4 Parts" by Sunny Harris. FREE. Register here. I'm only allowing 30 registrants and it's already half full. 10am PST four Tuesdays in a row. Session 1: What is a Strategy and How Do I Get One?; Session 2: Designing Your Strategy; Session 3: Testing & Optimizing Your Strategy; Session 4: How to Trade a Strategy. I will also share with you the code for a Strategy that is "Perfect." It makes profit 100% of the time.
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 Dow Jones 30 Industrials ($INDU). The Dow was down 905.34 points on Friday. Looks like VP is predicting even more downward action tomorrow. All 3 MAVs are below the zero-line and pointing downward. Wait til you see the SunnyBands explanations below!
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 Gold DMA line is still on top. Nevertheless, the DMA lines are turning downward and the DMAH signalled bearishness on 11/9/21. It is still going down from there.
Headline today reads: "Dow Jones Futures Loom As Market Rally Awaits Omicron Covid Variant News." It continues with "The stock market rally was hit from all directions last week, with the major indexes tumbling below key levels Friday." I subscribe; maybe you would like to. (I'm not connected with them in any way.) I just like to see what the crowds are saying.
With the Thanksgiving holiday we are missing Thursday and part of Friday in our data. Usually over the holiday the market drops and then recovers the next week. We'll see.
SunnyBands Implications
Dow Jones
The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, is currently down on the week by over 1,065 points, with price currently sitting at a strong Attractor from a consolidation area through September and the beginning of October. The DMA lines are just about to turn to Purple on Top. Only further downside action will cause this to happen. The DMA_H signalled bearishness on 11/9/21--1,517 points ago. And, the Dow has been down since then. It was a good call.
The Upper-Outer SunnyBand (UOB) is currently at 36,460 on the daily chart. The Dow closed below that Friday at 34,899. At this juncture the Dow is sitting right on a strong Attractor, which may or may not hold further downward price action. If VantagePoint is correct we will see another down draught. The Dow is also under the LOB which is at 34,990, as current price is at 34,600. In the beginning of the after-hours session today the ES is up 33 points.
The Gold line is still on top, but has turned down from its previously flat configuration that lasted for the past 10 days. In fact, if price goes much lower Purple will be on top and then we are looking for prices to go even further down.
One thing we all should remember is to return to Basics. Traditional Technical Analysis is still the basis of all trading. Know your stuff. Read 733 trading books, like I have. It enhances your trading. I comment on a weekly basis, but I trade on a 5-minute basis. It's much more accurate.
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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 sitting on the LIB and below a strong Attractor. It dropped 16.75 points on Friday, one of the bigger moves down in recent history . Only time will tell if it's going to drop further. I kind of expect it will at least drop the the LOB which lies at 4,548. VantagePoint is predicting a strong down for tomorrow so we'll see how that afffects the ES, if it happens.
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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. Note that all of the timeframes are bullish! Some are bullish turning down, but they are all bullish. BTW, this is measured on the ES.
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 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 PHW so that the most tradeable stocks would appear on top. Notice that AMZN is still right on top (we'll address it down further in this missive). The next most tradeable stock is BKNG (Booking Holdings) which dropped 189 points on Friday. That's a big drop for a stock. I'm watching this one carefully on Monday, looking to be a buyer.
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@btc 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 sitting on the Gold DMA line. It is back within the bounding rectangle I've drawn. The DMA_H is questionable with mixed signals, but the slope of the DMA_H is downward so far. The MidAngle is +57 degrees which reflects prior up movement, using 5 bars in the calculations.
If we get another upswing with Covid omicron cases could just take off, as people put themselves on lockdown (if the government doesn't) and continue to shop from home.
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.
TSLA's SunnyBands MidLine still pretty flat, with a MidAngle of -27.30. I know that's not exactly flat (between -5 and+5 usually) but on the chart it is visually flat. Closing price is below the MidLIne for the last 3 bars on the daily chart. If it moves on downward it should touch the LIB or LOB which lie at 1,053 and 1,004. That's dangerously close to another Natural Number: 1,000. Yet, on the DMA_H it is positioned as bullish still. Of course that will change if price continues on down.
Last week I said I thought ARKK price would tick on down to the LOB and possibly beyond. It is currently at 107.12, having just moved back up over the LOB and touching the LIB. Purple is on top on the DMA and lies at 114.63. I'm betting she can make it back up there, if the overall market doesn't tank as VP is suggesting.
I wish her only the best. She's a very smart woman. But, I think she needs SunnyBands, don't you?
Buy the DMA_H and SunnyBands for yourself. They are life savers. I totally rely on them for my own trading. You can have these 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! Click here to leave me a Comment.
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 last week it continued on down to the LIB SunnyBand where it bounced just a bit. The DMA Midline is now moving downward, with Purple on Top, suggesting further action to the downside. Price is below the MidLine but picked back up in today's after-hours trading where it is now 57,890. From Technical Analysis we know that we have an M formation on the chart (a double top). A double top has an 'M' shape and indicates a bearish reversal in trend.
Gold
Gold finally broke out of its long standing pennant formation (orange trendlines). It dropped back down within the pennant formation on Friday and in after-hours trading is now up a little bit, but is still under the top line of the pennant. And Purple is On Top, signally further downside activity is possible. Keep in mind that an ounce of gold has always been equivalent of a man's nice suit, and it still is. Inflation is at 6+% as of October. I'm still expecting Gold to go higher based on that alone.
Bonds
Bonds hit the down sloping trendline that I drew many weeks ago. See chart above. The DMA_H signalled bearishness on 9/10/21 and is progressing upward. The current candlestick is a thick Doji fully within the preceeding week's hammer pattern. (See Resources > Reference on MoneyMentor.com for candle patterns.) Gold is on top and the MidLine is pretty flat with an angle of 5 degrees. Price is above the MidLine but not yet up to the UIB. Surely it will at least attempt to touch the UIB which lies at 163.46.
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. What would you like to see work on MS? DMA_H, PHW? Comments.
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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Products
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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 & 5-min charts of the ES.
Archives
Vol 5:
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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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