Sunday night January 2, 2022 - HAPPY NEW YEAR!
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QUICKLINKS: VantagePoint | Last Week I said | Dow | ES | SunnyBands Implications | Trading Room | Automated Strategy | Multiple Timeframes | Stocks | BitCoin & Etherium | 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 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 sideways to down. The short-term MAV is now below the zero line while the mid-term and long-term are above zero. However, the mid-term MAV is now pointing downward. Notice the horizontal orange line on the chart. I drew this weeks ago from the red candles that ventured to what were new highs at that time. The VP prediction almost touches that line, which confirms the possibility of some further downside action tomorrow as price exploration occurs.
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 will continue to move up but with some resistance at the trendline. Well, it did move up and broke the downsloping trendline to make all-time new highs, only to retreat from them the last 2 days of the week. Tomorrow should be exciting as traders and investors set up their portfolios for the new year.
Today IBD says "Dow Jones Futures Rise: Tesla Deliveries Crush Views.". 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, has set new all-time highs only to retreat from them. Futures opened up a few minutes ago, up by 110 points. That is encouraging, but then again it is Sunday. We still have to see what Monday brings.
Price is right at the high Attractor and at the top of the UOB SunnyBands. I think this is the setup of a 3-wave impulse that could take us considerably higher. In fact, the next Attractor is a Fibonacci line at 37,060. BUT, impluse waves also consist of ABC corrections, which we could be starting. That would take us back down, scaring folks out, only to be followed by newer highs.
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. If there is enough interest I'll prepare another 4-day webinar like the one coming up Tuesday, this one on Technical Analysis.
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S&P 500 (ES)
The ES was up and then down on the week reaching all-time new highs and then retreating slightly. It closed 23.75 points up for the week. This afternoon futures are up, by 17+ points on the open. And sitting right on the VWAP. The night is still young. The EMini showed a bit of weakness as the year closed, but that is to be expected a people close out their holdings for the year (tax reasons) and buy back in at the first of the new year. Like the Dow, the ES is touching the upper Attractor and the upper (UOB) SunnyBands. In fact, price is right between the UIB and UOB with the overall picture looking somewhat sideways. It will take some serious buying to break those boundaries this week.
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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 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. But they are not strongly 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 the stocks are sorted alphabetically so I can see the mix of colors. And boy is it a mix. A real hodgepodge of signals with no definite direction. As far as I'm concerned there is no information there other than to be very cautious until a direction is revealed.
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. Or, better yet, email me your TS Customer Nbr and I'll set you up with a FREE 7-day trial.
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 under the DMA (with Purple on top) and moving toward the Attractor that lies at 3,292.79). The lower edge of the channel lies at 3,186. Price is currently at 3,333.30. When it approaches the lower edge of the yellow channel I'm a buyer again.
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 going to se up 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 down slightly on the week, moving from 1,093 on Monday to close at 1,056 on Friday. I'm still holding and expecting much higher prices. Hopefully Elon's sellilng pressure from selling xx shares is over and we can get back to normal. IBD today said "TSLA delivered 308,600 vehicles in the fourth quarter, crushing consensus analyst forecasts and exceeding the most-optimistic targets." TSLA has been in a bullish signal from the DMA_H since the recent low on 12/21/21 at 938. Of note: price is sitting right on the 8-day and 55-day MAVs with the 21-day MAV right below them. I'm thinking that should provide serious support after another little drop.
Six weeks ago I said I thought ARKKprice would tick on down to the LOB and possibly beyond. It did just that, as TSLA (her biggest holding) moved on down. With TSLA showing weakness she is over a barrel. The Purple line of the DMA is on top, but ARKK has been in a DMA_H buy signal from its low at 89.03 on 12/06/21. Price, currently at 94.59, is just meandering between 2 Attractors and so far not going anywhere. Can she do it? She's done it before, so I'm betting on her to pull it off eventually. When price breaks above the DMA (currently at 98.96) I'll buy in again.
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, having ventured below it but closing above the DMA. The DMA is visually flat and price has been languishing. The DMA_H gave a bullish signal on 12/22/21 at 333.20. Price is now at 336.30 and the Purple line is on top. I'm still in profit territory, holding on for higher moves. The UOB lies at 345 and change and that's what I'm watching for. MSFT tends to get in flat periods for months and then pops up, followed by more flat periods and another pop.
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 once again stuck between the LIB and the LOB on SunnyBands. Price is right back down to where the signal was generated, at 47,325. That's an appreciable move down from its high of 69,995. However, it is sitting right on an Attractor that is at 45,385 which has been hit 3 times. That's a W pattern which usually signifies a bottom.
I haven't held any BitCoin. Instead, I have had ETHUSD (Etherium) since its low in May. I'm still holding a profit in ETHUSD and intend to hold it for years just to see what happens. Price is currently at 3,816 right on the LOB. There is an Attractor just beneath, at 3,495 which I think will be hit before a new up move is established. It's the new year; things are about to get exciting.
Gold
Gold is still flat now at 1,831, up since last week, but not much. Price keeps going sideways with no news to get people hungry for the metal. Maybe if Russian invades Ukraine, but I don't see anything else on the horizon that spells impending doom. And that's usually when people buy gold.
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 under the flat DMA sitting in a Pennant formation--congestion. Pennants are holding down price on the 15-min chart and on the daily chart. No movement in sight.
DEFINITIONS
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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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, which is my proprietary moving average that avoids most of the whipsaw action experienced by other moving averages.
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.
If you aren't already a MoneyMentor Member, please consider joining here. Tell me what you trade and what you'd like to see me add to this newsletter.
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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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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.
