Sunny Side of the Street

Sunday night December 26, 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 back up. The moving averages are pointing strongly upward and all 3 are above 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 the Dow 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 wait for the move to set up.

Today IBD says "Santa Claus Rally Comes Early as Tesla Surges.". 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.

This week I am adding another stock to the commentary: MSFT. IBD has a Watch on it as it nears the Buy region so I'm going to watch it too.

SunnyBands Implications

Dow Jones

The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, is beginning to move back upward. The DMA MidLine is still flat but price moved above it and went right up to the downsloping trendline I drew almost 2 weeks ago. I'm thinking it will continue to move up but with some resistance at the trendline. Dow futures (YM) are up just slightly Sunday afternoon as I write this. Price is now approaching the UOB of the SunnyBands and I am expecting them to make a run for it by breaking thru the trendline.

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.

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S&P 500 (ES)

The ES was down and then up on the week. It recovered nicely to the Attractor from highs about 3 weeks ago. This afternoon it is trading sideways, right under the Attractor. The chart looks to me like it has completed a 1-wave and its corresponding 2-wave correction, and is setting up for a 3-wave up that should take it to new highs. Will it do it? Depends on the news and what other traders think. To execute a 3-wave move we either need irrational exhuberance or bullish investors trying to window-dress their portfolios before the New Year. The UOB lies at 4,792, so that's what I want to see happen next.

Please join my LIVE Trading Room. It's fun! It's exciting! It's free (so far). It may be the only opportunity you may have to query me live for FREE. Join in and speak up. You only get out of it what you put in. I'll be trading live and answering questions and trading my real money LIVE every Tuesday morning at 7am PST. /10amET. It's FREE for the time being. If you join as a Charter Member you'll be free for as long as you keep your membership continuously. Join by filling out my sign-up form here.

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 platform to 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 mixed right now. Three say bullish turning down and two say bearish turning up. With my RedLite-GreenLite indicator for the ES, the 2DMA, 5DMA and 10DMA are mostly 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 PHW, showing the most tradable stocks at the top. Again it's AMZN and BKNG, but GOOGL is third and IBD is suggest a Buy on GOOGL is imminent. GOOGL is right about the medium-term Attractor and closed Thursday at 2,938. The next Attractor is right at the UOB of the SunnyBands at 3,022. It's likely it will make a run for it.

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 AMZN right below the DMA with Purple on top and BKNG above the DMA, which has turned Gold. In fact, BKNG is touching the UIB and is working on a 3-wave up.

AMZN can't seem to get out of the channel it has been in "forever." The reason it is the most tradable is that it keeps churning back and forth within the channel offering both long and short opportunities. I'm hoping this one is an up-cycle taking the general market upward.

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 some pressure from Elon Musk selling 10% of his stock "to pay taxes." He stated that he is through with that selling for now and you can tell the pressure is off. TSLA is up 186 points from its recent low on Tuesday at 886. It broke 1,000 and to me that's the positive sign I was looking for last week. It still has some obstacles to clear, like breaking above the DMA which currently has Purple on top and a Fibonacci line to clear and then it should be off to the races. It seems logical that folks might want to buy now while the price is down.

Five 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 Wednesday and Thursday ARKK also moved up after touching the LOB, and is now sitting right below the DMA, with Purple still on top and below an Attractor that iminates from May's lows. Can she do it? She's done it before, so I'm betting on her to pull it off eventually.

I wish her only the best. She's a very smart woman. But, I think she needs SunnyBands, don't you?

MSFT is sitting right at the DMA, like so many stocks are right now with Purple on top. It won't take much movement to the upside to turn that around on all of them and shift to Gold on top. IBD is watching it for a Buy if it moves any higher and so am I. MSFT has moved steadily upward for years and I'm looking to buy more when it moves up. I like to wait for proof. When the stocks that are sitting on the MidLine break out it's going to be strong and head right for the UOB.

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 no longer stuck between the LIB and the LOB on SunnyBands. Price has moved up 2,785 points since the signal shown above. Nevertheless, it is sitting right below a strong Attractor and the DMA which still has Purple on top. Another move up like that and Gold will shift to being on top and the market will move on up to the UOB.

I haven't held any BitCoin. Instead, I have had ETHUSD (Etherium) since its low in May. On this next 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 at 4,070, above the Attractor lying at 4,220 while BitCoin is below the Attractor at about 50,600. Both have moved up since mid last week.

Gold

Gold is still flat now at 1,776. Revolution time. At this moment it is slightly above the downward sloping Trendline, however, and shows a little bit of promise. As inflation continues maybe it will move back up. But, who knows. BTC may be the new gold. I watch Gold on a monthly chart so I can see the highs at 2,140 as I watch for signs of movement. Right now it's doing nothing.

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, though the MidLine has turned up slightly, signalling bullishness. Too many fundamentals influence bonds, so I don't trade them. I just like to keep track.

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.