Sunny Side of the Street

Sunday night December 19, 2021

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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 They offer FREE live trainings. No obligation. To save your seat for their next FREE live session, please CLICK HERE. [Advertisement]

Tonight's VantagePoint Prediction is of the EMini (ES). As you can see, their prediction for Monday (+/- 3 days) is clearly down. The moving averages are pointing downward and 2 are below the zero line. VP is often very correct in their predictions, up to 84% by my analysis. We shall see what tomorrow brings!

Check my MoneyMentor 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 purple line of the DMA is still on top, but won't be if the market moves up on Monday. Then gold will be on top, signalling more upward action. BUT, the market didn't move up, and price went right to the Midline of the SunnyBands. Nevertheless, Gold is still on top and with price sitting on the Midline, again it could go either way on Monday. It could result in an upward 3-wave on continue on down. Be very careful this week.

Today IBD says "The Big Picture: Will the Nasdaq Underperform in 2022?". 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.

SunnyBands Implications

Dow Jones

The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, is retracing its gains and is now sitting on a "flat" DMA Midline which could be used as a springboard or could be penetrated to the downside. I don't like to trade either side of the market when the Midline Angle is below 5. I think the NQ is leading with its collection of Tech Stocks. The NQ is right now above an important Attractor and it likely will fall to that level, which is at 15,535.89.

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. After I finish the Strategy Forum in February I'm thinking of preparing a Technical Analysis Basics Forum. Is anyone interested? If so, send me Comments here.

Take your trading to the next level: Join my LIVE Trading Room for FREE as a Charter Member. It airs every Tuesday morning at 7am PST / 10am ET. For as long as people are interested. To become a Charter Member just fill out the Trading Room form and tell me you want to receive entry to the Trading Room. I have only 4 more spots left at the FREE price. And you will be FREE for as long as your membership is continuous. Such a deal for the early birds! NOTE: I won't know to send you a Zoom invitation if you don't sign up.

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 down 49 points for the week. That's really not a lot when you consider that it often trades that much in a day when things are exciting. But it's still down. Price is currently sitting on a Flat Midline (MidAngle = -5.85). And it straddles the line, with the High above the line and the Low below the line. For the last 8 days it has been moving essentially sideways. It is not in a Pennant formation; it's just in a tight box. The DMA Histogram (DMA_H) is below the zero line, portending more downside action, but it is barely below the line. Could easily go either way. Check in to my Live Trading Room on Tuesday to see how it goes. I trade real money, real time. I don't always profit; sometimes I lose, sometimes I win. That's what trading is all about. Don't forget to read the Disclaimer. RSI is at 45ish and it too has been going sideways. There's no way to tell how the long-term chart will break.

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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 the timeframes are colorful! The different time frames are about as mixed as you can get with some bullish and some bearish. Some moving up some moving down. The two longest timeframes are Bullish but turning down with the Daily now fully Bearish . With my RedLite-GreenLite indicator for the ES, the 2DMA, 5DMA and 10DMA are a mixed bag as well, with only the Monthly and Weekly signals Bullish.

TimeFrame	Position
Monthly	bullish /\
Weekly	bullish /\
Daily	bearish \\
15-Minute	bearish \\
1-Minute	bullish //

It really helps 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 Google all the time. 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 tradeable (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 MidAngle so that you can see the slope of the stocks. so you can see the most Bearish stocks at the top. With these, I'm waiting for an entry point. I like to "Buy when there is blood in the street." That's the old adage, right? Buy low, sell high.

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.

It is 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 TS 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, with Bookings Holdings (BKNG) second, with both stocks below the DMA MidLine. There is a weak Attractor just beneath current price, which could act as a springboard. If it does I'm buying more. If not, I'm waiting for it to put in a low, probably at the bottom of the yellow triangle (above). Remember, AMZN is a tradeable, swinging back and forth from top to bottom, having gone nowhere since September of 2020.

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 has had a Sell and Buy and a Sell signal from the DMA_H indicator since the beginning of November. It is currently in Sell configuration, but it is touching a strong Fibonacci level and Friday's price moved up slightly off that line. The DMA has the Purple line on top, showing Bearishness and it's pretty wide, with the difference being 29 points. It will have to make a good showing to get Gold on top again. The MidLine lies at 1058 and change and I'm watching for it to get back up near that point and make a good showing before i buy back in.

Four weeks ago I said I thought ARKK price would tick on down to the LOB and possibly beyond. It did just that, as TSLA (her biggest holding) moved on down. With TSLA moving up slightly on Friday ARKK also moved up after touching the LOB, creating an outside bar. It is also above the LIB now. I'm guessing that it could move on up to the DMA MidLine before the next move is foretold. There is an Attractor at 99.44 and it looks like she might have a hard time getting back over 100. She got a DMA_H sell signal on Nov 5 and I've been out since then. I'm waiting for it to prove itself.

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, Etherium, Gold, Bonds

BitCoin

BitCoin is still stuck between the LIB and the LOB on SunnyBands. There is a strong Attractor at 41,188 and I'm guessing it might tick on down another 5,000 points to that line in the sand. If it doesn't that's a strong sign. The DMA_H has signalled bullish since the DMA is moving closer together and it could mean that price will tick on back up to the DMA MidLine, which lies right on a strong Attractor at 52,709. Wouldn't surprise me either way. I do trade Crypto on a long-term basis, but I trade ETHUSD, which we will look at next.

I haven't held any BitCoin. Instead, I have had ETHUSD (Etherium) since its low in May. On this chart I have superimposed a chart of BitCoin so you can compare the two. Notice that BitCoin candles are in Magenta and Green, while ETHUSD is in Blue and Red. Note also that BitCoin is lower than ETHUSD proportionally. ETHUSD is still holding above the Attractor lying at 3,494 while BitCoin is below the Attractor at about 41,000.

Gold

Gold is still flat at 1,804 and back below the Orange Trendline I have drawn. It went above the Trendline for 2 bars and then back down. Current close is actually slightly above the TrendLine but doesn't look like it will hold. The DMA MidLine is very flat but sloping slightly downward echoing the negative sentiment. It seems it is not the inflation safety it once was.

Bonds

Bonds are also flat. And have been for months, since July. They just move up and down. It will be interesting to see what happens as the Fed eases bond purchases. Bonds have been oscillating back and forth between the two Attractors drawn on the chart above since July with little variation. Bonds went up during the Covid Crash but have drifted downward ever since. On the 15-min chart Bonds are right at the DMA MidLIne and it is very flat, with a MidAngle of exactly zero. Can't get much flatter than that! There are Pennants all over the place, telling me that it's about to break out, but which direction?

DEFINITIONS

Attractor: I coined this term to refer to the market's tendency to revert to the mean. An Attractor can be a line of support or resistance, a moving average, a Fibonacci line or a trendline. The markets tend to return to the Attractors. An Attractor is often a horizontal line or a trendline drawn, not on highs and lows, but at the preponderance of prices. Attractors are drawn around heavy market activity, not on extrema.
DMA: My DynamicMoving Average—calculates its own lengths internally and dynamically. When the DMA Purple line is above the Gold line I say "Purple is on top" and if the Gold line is above the Purple line I say "Gold is on top." Purple on top denotes bearishness while Gold on top denotes bullishness.
DMA_H: DynamicMoving Average Histogram—The difference between the two DMA lines (Gold and Purple) plotted as a histogram.
MidAngle: The angle of the MidLine in degrees. When it's flat I avoid trading, or stay in the previous position.
MidLine: The average of the Gold and Purple lines. You can set SBands to use it if you like it. I keep it on my charts plotted in black.
PHW stands for Potential Hourly Wage. This indicator places dots at ideal turning points on the chart. The RadarScreen version is what I use in the RadarScreen display above to identify the most tradeable stocks.
UIB, UOB, LIB, LOB: referring to SunnyBands: UpperInnerBand, UpperOuterBand, LowerInnerBand, LowerOuterBand respectively.

For a FULL Glossary of Trading Terms, click to go to MoneyMentor's Comprehensive Glossary.

MY DIATRIBE FOR THE DAY

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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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.

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.

Consulting Packages

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.

Strategies, Indicators & Custom Programming

We provide a wide range of software programmed by Sunny for her own trading. We are not a churn and burn shop that puts out lots of indicators for sale, just to have products to sell.

Each of these unique products is available to help others in their quest for profits. And, they are used by Sunny in her own daily trading. The software includes indicators that make trading smooth and easy, and strategies that can even be automated to provide hands-off trading. Click here for a full list, descriptions, charts and prices.