Sunday night February 6, 2022
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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
https://vpai.us/sunnyharris to view a demonstration of using VantagePoint.
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 S&P. This chart is different from the one I usually post. This template shows the Accuracy of the Forecasts. Notice how well the bars fit within the predictions.
As you can see, their prediction for Monday is for a high of 4,526.02 and a low of 4,433.73. Finally some upward movement. Though not much. Friday's high was 4,532.50 and the low was 4,438.50 with a range of 94 points.
The close Friday was at 4,492.50. VP has been VERY accurate lately, predicting the recent downdraft before it started. Except they were a bit off on Wednesday's prediction. That's okay; they are more than 80% correct according to my research. The moving averages are turning downward, except for the short-term MAV.
That's telling me we might have some short-term increase in tomorrow's ES followed by downside action (or vice-versa.) The bar almost fulfills the definition of an outside bar, but not quite. If tomorrow's action is above and below the prediction we will have an outside day in place.
When I get the latest prediction I put horizontal lines on my chart at the predicted high and the predicted low so I can use them as targets.
Check my MoneyMentor home page of this website daily to keep up with the daily predictions of the Dow from VantagePoint. I post them every day after 4pm PST.
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. I just submitted a Review of VantagePoint for Technical Analysis of Stocks & Commodities magazine. Look for it in 2 months or so.
Last Week I Said
Last Sunday I said "On Monday last week the Dow dropped precipitously to just below the -10% line, scarring lots of people. And it did it on higher than average volume." That was the capitulation I was looking for. The day closed up on the day with the low having been at 33,150 and the high at 34,420. Quite a day! That was a 1,270 point range day! Indeed, we had four up-days in a row last week, bouncing off the lows.
SunnyBands Implications
Dow Jones
The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, has moved upward from its recent lows only to close on a down bar on Thursday and exhibited a Doji bar on Friday. This often decries a reversal is at hand. Will it reverse Thursday's move down or will it move sharply up?
Price is now touching the DMA lines, and in fact is using the DMA as Support. Purple is on top denoting bearishness still. Friday's close is below the 20-day MAV and the 50-day MAV and is just barely above the 200-day MAV. Any move to the downside will take us back below the 200-day MAV. Not good.
The Purple DMA is still on top of the Gold, denoting bearishness. And the DMA_H turned purple on Thursday signalling early short positions for me.
The LowerOuter SunnyBand sits at 33,501 while the UppeOuter band is at 36,421. That's a 3,000 point range. If find that price tends to test these extremes to the downside if it goes below the DMA and to the upside if it goes above the DMA.
I have a new indicators I call "Recession" which uses OOEL to draw a horizontal line from the highest high down 20% (or x% via inputs). I used an input of 10% and found that the Dow traded right down to it and bounced. It is right now sitting on the 5% down level. This indicator will be in an Example in the text of "EasyLanguage OOEL Made Easy!"
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S&P 500 (ES)
The ES was mostly up last week, though Thursday and Friday were slightly down. As with the Dow, the ES is sitting right on the DMA Midline and it is also sitting right at the Fibonacci 61.8% retracement. It closed Friday at 4,492.50, above the 200-day MAV but below the 20- and 50-day MAVs. Right now in afterhours trading it is "sharply sideways," trading very slowly.
The Outer SunnyBands lie at 4,730 and 4,232. To resume an uptrend we need to be headed for the UpperOuter band. The 10% "recession" lies at 4,325.
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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 as 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 all bearish in one form or another. All show Bearish except the monthly, which says Bullish turning down.
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) at the far right and 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. AMZN is still the most tradable, with the highest PHW. After its sharp drop from Wednesday's high of 3,101 to Thursday's low of 2,766 it rebounded on Friday taking it to a high of 3,224 to close at 3,152. It is now just under the UIB with the high going right to the UIB. On the DMA_H it has been showing Green for 7 days, telling me it is likely to go up more tomorrow. We shall see.
This week the RadarScreen shows a new idicator: It is showing the direction of price relative to the 20-, 50- and 200-day simple moving averages. Since these are popular numbers watched by many, including pundits, I wanted to see if any stocks stand out as still being winners. I also find that the NQ responds to these numbers dramatically on a 1-minute chart.
In fact, there are some. If price is below its respective MAV the cell is colored light red; if price is above the MAV the cell is colored light green. Another way I can tell at a glance what's happening.
Notice that Brookings Holdings (BKNG) is still showing all 3 in green, along with GOOGL. Another great tool for my research. And yours too if you want it. Wouldn't you like to do your own scans for good stocks? Below is the Scan of stocks from today that show all green--that is price is above all 3 of the averages.
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.
The columns to the right 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 the RadarScreen 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! ALL NEW: BingTicks has been upgraded to talk! In my voice it tells you your current position in the market, or your strategy's position. It says "Flat," "Long," or "Short" and the number of contracts. I wanted it to help me keep my focus on what my chart/position is doing. It works wonders as an attention focusing device. And, it still bings and bongs with each tick of the market. Get it here: BingTicks.
HUM
HUM is now touching the UOB SunnyBand and the Attractor from its previous consolidation period. Gold is on top on the DMA and the DMA_H has been showing bullishness since the day after the more than 100 point drop. Price is currently above the UIB and above all but the 200-day MAV. It has also just touched the 23.6% Fib Line. These things tell me it could experience some resistance tomorrow. VantagePoint show it with the lower bound of yesterday's low and an upper bound of yesterday's high.
You can see that Who'sOnTop is showing Gold, looking for more bullishness.
AMZN, is still the stock with the highest PHW, with Bookings Holdings (BKNG) second, with AMZN dramatically dropping on Thursday only to completely recover and more. The Earnings Per Share on Friday bolstered the updraft coming in at $28/share.
While AMZN dropped straight through the cnannel it was in "forever" it now has touched the bottom of the channel and looks to be heading right back within the channel. The high Friday was inside the channel but the close was beneath it.
Price sits well above the Purple DMA line and the DMA_H has been green for 7 days signalling an early buy signal for me. Yet VP suggests that tomorrow will drift down, off the highs of Friday.
Cathy Wood's 5-year projection for TSLA (below) is now at 5,000 at this juncture. Several other pundits I keep track of are suggesting 5,000 also.
The DMA Midline lies at 976.84 while the UIB is at 1,120. That's my target. Nevertheless, Purple is still on top and has been for some time.
I still believe we will continue to turn to carbon-neutral technologies and electric vehicles. I have not yet purchased their vehicle because I'm waiting for better batteries. I would want to get to LA and back on one charge before it is viable technology in my mind. When the batteries are better I expect this stock to really take off.
Notice that I think TSLA is still a good buy for lots of fundamental reasons (not the least of which is lower prices and a huge run-up potential.) Nevertheless, TSLA has dropped more that 30% from its high. Amazing how Elon Musk knew to take his profits at the high, isn't it?
Eleven weeks ago I said I thought ARKK price would tick on down to the LOB and possibly beyond. It did just that. The past week it has touched the DMA three times, however, in its attempt to gain ground. The DMA has acted as resistance, but price is above the LOB, and that's a good sign for her. The DMA_H signalled Green six days ago and is now going sideways. I saw that she bought some more TSLA--in her daily updates that I get. If TSLA goes up so will ARKK.
The chart below is a daily chart. We have been looking at daily charts, which look dismal. In a conference call she had last week she pointed out that she is up 21% on a 3-year and 5-year basis, outstripping many other ETFs. Corrections are natural and she's now down to the 76.4% Fib line, but not yet down to the lower Attractor. In fact, ARKK is down 58% from its all-time high. Still she's up nicely on a 3-year basis.
Maybe ARKK is putting in a bottom. I'm not buying in just yet, though.
MSFT (closing at 305.94 Friday) is again above its 200-day MAV and just barely above the 20-day MAV but is beneath the 50-day MAV. It has a way to go yet. The trendline you see in orange is downsloping and still has to be broken for much of a move upward.
The UOB SunnyBand lies at 330.95 while the LOB is at 285.32. I wouldn't be surprised if price continues on down to at least the LIB which is at 293.89. The VP Prediction for tomorrow is almost an outside bar with the high and the low matching those of Friday.
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! And now I have a new indicator that plots a series of colored dots letting you see at a glance Who's On Top, Purple or Gold. Here's what it looks like. It is the series of Purple and Gold dots at the bottom of the chart.
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 up 1,925 in afterhours trading this evening, or 4.76%. That's an improvement. I still believe it will be widely accepted as currency, though I have no idea when. Price sits on the LIB, above the LOB and beneath the DMA which shows Purple on top. Price will have to break that boundary to continue upward. The DMA MidLine is at 48,718 and serves as an Attractor offering resistance. But, the last 3 days have been upward.
I haven't held any BitCoin. Instead, I have had ETHUSD (Etherium) since its low in May. I'm still holding a nice profit in ETHUSD and intend to hold it for years just to see what happens. Price is sitting right beneath the UIB and moving higher. It's up $80 tonight. It is above the DMA Midline even though Purple is on top. The DMA_H has been displaying Green for the last 7 days. I'm still bullish.
Gold
Gold is flat as a pancake. Without syrup. I've even seen pundits comment that it could go to 10,000. Don't believe it. Not anytime soon. Purple is on top and there is a Pennant formation at the end of the chart. They have been all over the chart as it goes sideways and still no breakout.
The Midline is at 1,818 and price is at 1,810. The range high to low was 9 points on Friday and it is trading "sharply sideways." I don't have much to say about Gold, but I think we will see 2,000 some day. Someday.
This Wednesday (Feb 2, 2022) I am giving a talk at Traders Exclusive at 11:45am PT / 1:45pm ET where I will be talking about my 2022 Outlook.
Bonds
Bonds are down this week, though slightly up in afterhours trading this evening. Price is well below the DMA Midline where Purple is on top. Price almost touched the LOB Friday but is now up slightly and touching the LIB. Price is at 153-25/32. Why don't they change that to decimals?? However, Green has been showing in the DMA_H signally a buying opportunity. I'm not buying it. As always, let price activity confirm first. And price is not yet showing its hand.
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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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.] "This is a very powerful tool! It's better that what I've had. I'm going to scrap my old tools. It's speaking to me. I kicked butt today making $1,500 trading crude, gold and the S&P." (re SunnyBands) -Tony C.
"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.
"Impressive Resume! Wow. You have forgotten more than most of us will likely learn. :)" - Kevin S.
"U r still a genius!!! Not a single losing trade all week!!!" - Chip S.
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.
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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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