Sunday night March 27, 2022
I'm Back! I missed all of you but I had a wonderful visit with my son and his family in NC and am now back to the grindstone, writing, programming & trading,
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VantagePoint ai Prediction for Tomorrow
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Tonight's VantagePoint Prediction is of the Dow.
As you can see, their prediction for Monday is for a high of 35,073 and a low of 34,774. The market and the predictions have been getting higher over the past two weeks. Tomorrow's prediction is for another up day, rising above the rectangular area of congestion of the last 6 trading days.
The close Friday was at 34,861. The VP moving averages are all three above the zero line although the medium term average is moving downward. If you will look at a daily chart of the DJIA you will see the same configuration on its 20-, 50-, and 200-day MAVs. It will only take a slight move upward on Monday to exceed the 200-day MAV.
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
Sunday before I went on vacation I said "Price tried several times to rise above it but couldn't. Further, price couldn't break below the LOB, though it is sitting on the LIB all week. That, with all the negative news, is a positive sign."
SunnyBands Implications
Dow Jones
The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, was moving up nicely the prior week but settled into sideways churning for most of the week, BUT almost touched its 200-day moving average on Friday. It won't take much of a move upward to break out above that average.
The DMA_H signalled a bullish position on 3/9/22 with price then at 33,286. That's over 1,500 points of profit so far!
Price is largely sideways with the exception of Friday's move up. Currently price is sitting just above the UIB and under the UOB.
The LowerOuter (LOB) SunnyBand is well beneath current price at 33,103 while the LIB is at 33,489. More importantly right now the UOB is at 35,101 and Friday's close was at 34,861 with the high at 34,943.
My 10% "Recession" indicator is still at 33,257 from the all time high and is thus well below current price action.
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 a bit less flat than the Dow with slightly expanding price and is now solidly above its 200-day MAV and above the UIB.
The Outer SunnyBands lie at 4,566 and 4,210. Price is above the UIB and right at the 50% Fib line. It will need to break above the 50% line to continue its move upward. The DMA_H signalled bullish on 3/15/22 from a price of 4,253 giving us over 282 points of profit. Remember that the ES has a 50 multiplier so that amounts to $14,137 profit available in 9 trading days.
Price broke out of the pennant formation I mentioned last time and of course moved much higher. The all time high was at 4,799.75 and 4,761 is a Fibonacci number. The next Fib number is 4,900 and it looks to me like it is now heading for 4,900. Again, how soon? I have no idea. I just play along.
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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. (And prices go up March 1. 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 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 (below) 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.
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.
I have this table sorted on the PHW today, so that the most tradeable stocks are on the top. Notice that the highly tradeable stocks are primarily bullish. Lots of green and gold showing in the RadarScreen. Even the stocks that are bearish are in \/mode, meaning that they were moving down and are now moving up.
Stock Sort
These stocks, showing True in the Scan, are all still above all 3 moving averages. If you are looking for a stock to buy, this is the way to find them.
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.
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 drifted sideways to up recently from its recovery from the 104 point, 1-day drop on 1/6/22. For the last 3 weeks it has been drifting slowly higher but at the same time kind of sideways. The profit in a HUM trade was from the DMA_H signal to buy on 1/11/22 and taking profits on 2/11/22 at 424 with a $32.34 profit.
You can see that Who'sOnTop is still showing Gold, looking for more bullishness. If you had bought on the Gold signal and got out today you would have had bought at 391.66 and sold Friday at 426.12 for a profit of $48.34 per share or 12.3%.
Yet, the DMA_H has been flashing Red for the whole week and nevertheless price is now above all 3 MAVs. Further, price is on a red candle and still above the UIB, heading for the UOB which lies at 444.98. I think there is still more to be seen on the upside.
AMZN, is still the stock with the highest PHW, with Bookings Holdings (BKNG) second, with AMZN probably in a 3-wave and likely to continue on upward. I is back inside the yellow rectangular channel it spent so long in. However, it still has to break above the 200-day MAV.
The DMA is rising steadily and Gold is continuing on top as seen in the Who's On Top indicator at the bottom of the chart. The DMA_H gave a buy signal on 3/10/22 from 2,936 as price stumbled at the Attractor formed off the Pennant formation that started in late February.
The LOB lies at 2,878 and the UOB is at 3,292. Price currently is astraddle the UOB and hasn't penetrated the UIB. I'm still bullish on AMZN at this point even though it will probably struggle with the 200-day MAV and the Attractor I just mentioned.
Don't forget that they announced a 20 for 1 split coming on or about June 3rd. That's usually bullish news for stock price which will drop into the 165 range when it happens, based on today's price. And that will make it affordable to everyone!
Cathy Wood's 5-year projection for TSLA (below) is currently at 5,000 at this juncture. Several other pundits I keep track of are suggesting 5,000 also.
The 3 MAVs I watch are at 876, 896 and 860. That means that price is nicely above all three MAVs. And has recovered smartly from recent lows.
The DMA Midline lies at 926 while the LIB is at 866 and the LOB is at 829. Price is currently at 1,011. The UOB is at 1,023 and the UIB is at 985. I'm expecting price to rise to the trendline from the high and second high whic projects in about 2 weeks to the 61.8% Fib line at 1,119.
VantagePoint is calling for a high of 1,022 tomorrow.
Seems to me people should be flocking to TSLA with gas prices above $6/gal in California--for Regular .
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. Price is now above the 20-day MAV but beneath the 50-day and 200-day MAVs. Price has moved up from its low on 3/14/22 and is now, like the DJIA, stumbling sideways.
The SunnyBands are pretty narrow, reflecting the sideways direction and the narrow nature of the price moves. The UOB lies at 71.56 and price is currently at 64.51. That gives her plenty of room to move on up. On a weekly chart ARKK is still below the DMA which is at 75.17. The LOB is at 53.64 and if disruptive stocks don't start moving up soon she will see that price again.
ARKK added ZM SE ROKU RBLX COIN TSLA to her holdings as of today's report.
I do think, still, that she over-trades.
MSFT (closing at 303.68 Friday) is above its 20, 50- and 200-day MAVs which lie at 293, 297 and 302. MSFT is still holding strongly above them even though it is currently down a bit on Friday's bar, which was red and only down -0.35.
The LOB SunnyBand lies at 280 while the LIB is at 286. The DMA Midline lies at 296. Price has been moving steadily, though not rapidly, upward and lies just under the UIB and I think is heading for the UOB at 311.
The DMA_H signalled bullish on 3/9/22 and has been up ever since.
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.
Oil
Crude Light (CL) (closing at 113.90 Friday) after being sharply up and then sharply down with Putin's war and now it is in a Pennant formation with price range being narrow. In after hours trading today price is at 111 and change.
The UOB of SunnyBands lies at 119.40 and the UIB is at 114.45. Price is right now sitting under the UIB in congestion on a daily chart. It's not as high as it was and it is neither as low as it was. Of interest to me is the Fibonacci Speed/Resistance Fan which shows price sitting right at the 23.6% line. Put it on your chart and take a look. The 0% fan is right above the recent high of 3/7/22.
Putin will decide where price is going next.
BitCoin, Etherium, Gold, Bonds
BitCoin
BitCoin is up 2,400 points in afterhours trading this evening. Price is currently at 47,055 and is gingerly heading above the 200-day MAV and is above the DMA Midline and sitting above the UOB. That's bullish in my book!
While BTC and ES have been in lockstep over the recent past, they are not today. The ES has had up moves while BTC has not; it has been on a steady downward slide. You can see the ES on the chart above: it is reflected in the green and lilac bars.
I still believe it will be widely accepted as currency, though I have no idea when. And I certainly don't know where regulation would take it.
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 3,271, up 140 points in afterhours trading. It sits right on its 200-day MAV and above the UOB which lies at 3,227. Again, this is bullish!
On the daily chart price is well above the 20- and 50-day MAVs and is just now breaching the 200-day MAV.
On the weekly chart ETHUSD is barely below the DMA Midline with Purple on top. I'm thinking price will begin to explode.
I'm wondering how much of the anonymous currency Russia/Putin control. I've been saying this since Feb 24 and only this week the news is now talking about it.
Gold
Gold is currently up just 0.5 points at 1,954.6. Is that due to the afterhours lackluster trading or is it because price sits in a tight Pennant formation that materialized early last week?
I have been calling for gold to reach $2,000 for months in this Newsletter. It got there and bested it this week only to drop back to 1,955 in the last few days.
The Midline is at 1,941 and the UOB is at 1,998 with the UIB at 1,976. I still believe we will hit the 2,000 price again and go higher. World strife adds to the attractiveness of gold.
And Russia and China have been accumulating and stockpiling gold.
Thursday (March 10, 2022) I gave a talk at TimingResearch/TradeOutLoud. 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 have been strongly down this past couple of weeks. In afterhours trading this evening price has opened lower by 9/32nds and drifted sideways since the open of the afterhours session. Price is at 147 11/32 right now. The Midline is at 151.91 and price is under the down sloping DMA. The LIB is at 149.15 and the LOB is at 147.55. Price is right at that level.
Bonds go down, yields go up. In fact, the 2-yr / 5-year Treasuries yield curve is now inverted; that is the yield on the short-term treasuries is less than the yield on the longer-term. Looks like we are expecting even more inflation and higher interest rates, probably by 0.5 points next time, if not more.
DEFINITIONS
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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
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.
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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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