Sunday night February 20, 2022
If you attended my recent webinar or if you registered for the FREE Technical Analysis ForumI have taken the liberty of sending you this weekly Free Newsletter: "Sunny Side of the Street." If you don't want to continue receiving it, just unsubscribe and I'll take you off the list. Thank you for your interest.
Link to Sam Tennis' Products below. Link to Sunny's Products. NEW: Scan for bullish stocks.
Please take a look at my YouTube channel, (search for Sunny J. Harris on YouTube) subscribe, and give me ideas of what else you would like me to include. I'm ready to record more videos. Comments.
Earnings Reports due out this week: HD, M, MDT, CBL, HSBC, DNUT, LPX, DOM, JELD, SOHU, and many others. Check EarningsWhispers.com.
LEARN TECHNICAL ANALYSIS . TRADE LIKE THE PROS . BOOST YOUR PROFITS . START TRADING WITH CONFIDENCE . OUTPERFORM . TRADE SMART
TECHNICAL ANALYSIS FORUM. Again, FREE. Register Now before it fills up entirely. I already have 20 registrants. Live attendance will be limited to 30 people. Starts April 5, 2022 10am PST.
Thanks for your attendance at the Strategy Trading Forum! I'm still in the process of editing some of the videos. Others are already posted. The slides are all there. Sign in to Membership with your email and password to access them. Just click on the Login Link. Become a member if you aren't already. It's FREE.
Want to watch my YouTube videos: Here's the link. Please subscribe. Want to hear the NEW BingTicks Positions?
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 FREE demonstration of using VantagePoint.
VantagePointclearly 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. [Sponsor] Please visit my sponsors; it helps keep all my postings & forums FREE.
Tonight's VantagePoint Prediction is of the Dow.
As you can see, their prediction for Monday is for a high of 34,311 and a low of 33,766. More downward motion predicted.
The close Friday was at 34,079. VP has been VERY accurate lately, predicting the recent downdraft before it started. Except they were a bit off on the last two down moves predictions. That's okay; they are more than 80% correct according to my research. The moving averages are all three turned downward. And all 3 below zero.
When I get the latest prediction I put horizontal lines on my charts at the predicted high and the predicted low so I can use them as targets. Of course, I look at more predictions than just the Dow. I watch all my stock holdings for predicted up and down moves. It helps me know when to take profits and when to buy more shares.
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 TradersWorld magazine. Look for it in 2 months or so.
Last Week I Said
Last Sunday I said "Price is now below the DMA, with Purple on top. The DMA_H has flashed Green and then Purple again, speaking to the sideways price action and the flatish DMA. The LowerOuter SunnyBand sits at 33,950 while the UpperOuter band is at 36,076. That's a 2,125 point range. I 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'm looking for more volatility tomorrow. Friday's candle is sitting astraddle the 20-day and 200-day MAVs and just under the 5-day MAV. Some decision about direction should be in the works tomorrow."
Monday was down, falling below the DMA, Tuesday was up, and hit resistance at the DMA. Wednesday resulted in a Doji candle that explored lower prices and the next two days were decisively lower. Three days of indecision followed by down moves, right to the Attractor at 34,000.
SunnyBands Implications
Dow Jones
The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, was mostly down on the week. Monday was down, falling below the DMA, Tuesday was up, and hit resistance at the DMA. Wednesday resulted in a Doji candle that explored lower prices and the next two days were decisively lower. Three days of indecision followed by down moves, right to the Attractor at 34,000. Yet another Natural Number.
Price is now well below the DMA, with Purple on top where it has been for the last 20 trading days. The DMA_H has flashed Green and then Purple again, speaking to the sideways price action and the flatish DMA. However, the DMA has now turned downward and speaks to still lower prices, if the Dow drops below the 34,000 Attractor. Dow futures this afternoon are down 76 points in afterhours trading before tomorrow's holiday.
The LowerOuter SunnyBand sits at 33,763 while the UppeOuter band is at 35,900. That's a 447 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'm looking for more volatility Tuesday.
Friday's candle is sitting beneath the 20-, 50- and 200-day MAVs. With the Dow flashing these negative signs I'm expecting more bearish activity.
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 may be headed for this 10% down line again. This indicator will be in an Example in the text of "EasyLanguage OOEL Made Easy!" If you want it now, give me a call. It's Free for the asking.
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. 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.
S&P 500 (ES)
The ES was like the Dow, up and then down, finishing the week lower than it opened on Monday. Of note is the fact that it touched the 10% "Recession" line and in afterhours trading right now is beneath the -10% line!
The Outer SunnyBands lie at 4,632 and 4,272. To resume an uptrend we need to be headed for the UpperOuter band. The 10% "recession" lies at 4,3257 not too far above where we are right now. We arre now slightly beneath the LIB, so I'm anticipating lower prices. Whether we will bounce safely from there or cascade on down to drop to the 20% down level remains to be seen.
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 (my rate is $495/hr until March 1. Then it goes up to $535/hr). 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 as well. All symbols, all timeframes. (And prices go up March 1. So NOW is a good time to get in at lower prices. The more you buy the cheaper it gets.)
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.
This week I have sorted on Net Change. This view shows you the stocks that were strongly up last week. Still looking to buy in at lower prices? Now's the time to start looking.
This week the RadarScreen shows the MAV3Lines again, highlighting stocks that are above the 20-, 50- and 200-day MAVs. You'll see that there are still several making new highs.
Trending stock DLTR (DollarTree) shows all green cells in the 3MAVs columns, meaning not only is it trending but it is above the 20-, 50-, and 200-day MAVs. It is reaching for an overhead Attractor at 150. Likewise, KDP (Keuring Dr Pepper) is well above all 3 MAVs. It has an overhead Attractor at 39.27. Here is a Scan of all the stocks in the NASDAQ that are above all 3 MAVs. It makes for interesting reading. I use this sort to find bullish stocks in a down market. There are still some!
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. And if you have it on a Strategy it says "BuyBuyBuy" or "SellSellSell" in Sam's voice. 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 has nearly recovered from its precipitous drop a few weeks ago. It has not completely closed the gap, however. Price is currently fighting a pennant formation, waiting to break out to one side or the other. Traditional Technical Analysis tells us that pennants often breakout in the direction of the previous trend. That makes it difficult to read since the previous short-term trend is up, but the gap was sharply down.
You can see that Who'sOnTop is still showing Gold, looking for more bullishness. Yet, the DMA_H has been flashing Red for the whole week and price is below the 3 MAVs (20, 50, and 300-day). Further, however, price is sitting above both DMA lines. It's difficult to tell what the next week will bring. Be on your toes for moves in both directions.
AMZN, is still the stock with the highest PHW, with Bookings Holdings (BKNG) second, with AMZN dramatically dropping on Thursday 2/3/22 only to completely recover and more the stock was nevertheless trading sideways to lower last week. Price is sitting in the interior of a Pennant formation and having trouble breaking out of it. Of note: current price is sitting righ on the flat DMA with the candle wick breaking below the DMA.
While AMZN dropped straight through the cnannel it was in "forever" last week it broke into the channel and back out again. Right now it sits well under the former channel.
The DMA is flat but Gold has been on top for the last 3 days. I am nevertheless skeptical since the overall market can easily influence this situation and take AMZN on downward.
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 949.79 while the LIB is at 887.88 and the LOB is at 853.49. Price is currently at 852. Note that price is BELOW the LOB. The DMA is sloping downward and Purple is of course on top. To me it looks like price is heading for the low of 1/28/22 at 846 and change. The 200-day MAV lies at 829.27, 22 points lower. If we break through the 200-day MAV we are going lower.
VantagePoint is calling for more downside action tomorrow, into the 843 level.
Nevertheless, 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 34% from its high.
Several months ago I said I thought ARKK price would tick on down to the LOB and possibly beyond. It did just that. It has dropped even farther this past week, right to the 76.4% Fibonacci line. It was down 3.85 points on Friday and price is at 64.33 right now. The Purple DMA line is clearly on top and the DMA_H signalled Bearish on 11/5/21 at a price of 122. I got out at that level and am waiting for the market to change course before I buy back in. I trade this stock for my Grandson's "retirement account." (My account but the profits are designated for him.)
Maybe ARKK is putting in a bottom. I'm not buying in just yet, though. And I'm sorry to say my VP subscription does not cover ARKK.
MSFT (closing at 287.93 Friday) is 10 points below its 200-day MAV at 297.06 and of course below the other 2 MAVs. You remember the song from "The Jefferson's"? Moving on up... Well this one should be Moving on Down... The low of 1/24/22 was at 276.05. Looks like we might be heading there, possibly this week even.
The LOB SunnyBand lies at 287.38 while the LIB is at 293.52. Last week I said: "I wouldn't be surprised if price continues on down to at least the LIB which is at 293.89" and that's where it went. And even lower! The VP Prediction for tomorrow is as low as 284.39. Price right now is essentially touching the LOB suggesting even lower movement.
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 down 1,235 in afterhours trading this evening. Bitcoin used to be countertrend to the stock market, but no longer. As goes the S&P so goes Bitcoin. I am wondering who is leading whom now.
I still believe it will be widely accepted as currency, though I have no idea when. Price sits on the LIB (38,476), after touching both the UIB and UOB over a week ago. The DMA MidLine is at 41,176 and serves as an Attractor offering resistance. The DMA_H signalled Bearish on Thursday and indeed price is lower in afterhours trading this evening.
I haven't held any BitCoin. Instead, I have had ETHUSD (Etherium) since its low in May 2021. I'm still holding a nice profit in ETHUSD and intend to hold it for years just to see what happens. Price is at 2,710, sitting right beneath the MidLine and is down 72 points. The DMA is flat which could act as support or resistance, either one. It pretty much stays in correspondence with Bitcoin. Price has hit its lower Attractor and is actually on a green candle having opened on a low and now moving back upward. The LOB is at 2,460 and the LIB is at 2,626. The Midline is at 2,877.
Gold
Gold was flat as a pancake but is now moving up on the week, up over 50 points.
Last week I said there is an Attractor overhead at 1,886 calling it's name. It met and bettered that price, currently at 1,898.
The Midline is at 1,852 and the UOB is at 1,909 with the UIB at 1,888. I believe we will hit the 1,909 price and go higher. I still think we will see 2,000 some day soon. I know I have been in disagreement with other pundits who have said gold is no longer interesting.
Wednesday (Feb 2, 2022) I gave a talk at Traders Corner. All who attended and wanted the slides, they are posted under Membership. Be sure to become a Member for free and login to have access to the presentation.
Bonds
Bonds were mostly up this week. In afterhours trading this evening pric has opened higher and drifted back down so that bonds are now down 2/32nds. Price is a 153-02/32. The Midline is at 153.80 and price is just beneath the flat DMA.. Bonds go down, yields go up. Interest rates are expected to go up in a few weeks. Has the market already built that into price? Will it be a non-event when it happens? We shall see.
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.
If You Got this Free Newsletter from someone else and would like to Opt-In, and join us, click here.
Products
All subscribers to my Sunny Side of the Street newsletter, and Members of MoneyMentor, are eligible for a 10% discount on my products. Call if you are interested. (760) 908-3070 PST. I will be raising prices March 1, so if you want any of my indicatorsnow is the time before prices go up.
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.] "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.
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.
Sam Tennis' Products
If you would like to be included in the
If you would like to be included in his totally educational "It's the Weekend!" newsletter, shoot him an email and say I sent you. It's a lot of fun.
Real-Time Profit/Loss Viewer
ORDER NOW
Scroll the Chart
Data Report Pro & SPGC Report Pro
Archives
Vol 6:
Vol 5:
I always welcome comments at sunny@moneymentor.com.
Click to unsubscribe. I'll be sad to see you go, but I will remove you from my subscribers list.
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.
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.
