Sunny Side of the Street

Sunday night April 10, 2022 

VOLUME 6 NBR 13 

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QUICKLINKS: VantagePoint | Last Week I said | Dow | ESSunnyBands Implications | Trading Room | Automated Strategy | Multiple Timeframes | Stocks | OilBitCoin & Etherium | Gold | Bonds | Diatribe | DEFINITIONS| Quips & Quotes

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VantagePoint ai Prediction for Tomorrow

https://vpai.us/sunnyharris to view a FREE demonstration of using VantagePoint.

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. [Sponsor] Please visit my sponsors; it helps keep all my postings, Sunny Side of the Street, Live Trading Room & Forums FREE.


Tonight's VantagePoint Prediction is of the Dow.

As you can see, their prediction for Monday is for a high of 34,753 and a low of 34,188 The market and the predictions have been getting lower to sideways over the past week and today is no different. Tomorrow's prediction is for a down day with a range of 565 points high to low.

The close Friday was at 34,721. All three of the VP Moving Averages are below the zero line with the short-term average turning slightly upward.

The sjh_I_MovAvg_3Lines (21-, 50- and 200-day averages) show that the Dow is still  under its 200-day MAV and above both the 21-day and 50-day MAVs.

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 The Dow "has begun a mini-correction. I expect it will take us as low as the 50-day MAV." Which is exactly what it did. And THEN it bounced back upward so that it is now above both the 21-day and 50-day MAVs and the high on Friday approached but did not break through the 200-day MAV.  


SunnyBands Implications

Dow Jones

The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, has been gyrating. Up and down, down and then up. Right now it is sitting atop the 21-day MAV and just a tad above it. Price closed the prior Friday at 34,818 and it lost 97 points by last Friday. Not a bad loss, but nevertheless a loss.

The DMA_H signalled a bullish position on 3/9/22 with price then at 33,286. And it signallled bearish on 3/31/22 at 34,678. That would have been a profit of 1,392 Dow points.

The Gold line of the DMA is still on top, showing hope for a continuation of the up market, but the MidLine is flat, telling me that more choppiness could be in store. Further, the DMA_Histogram is Red, signalling the possibility of more action to the downside.

The LowerOuter (LOB) SunnyBand is well beneath current price at 33,470 while the LIB is at 33,805. More importantly right now the UOB is at 35,277and Friday's close was at 34,818 with the high at 34,908.  

My 10% "Recession" indicator is still at 33,257 from the all time high and is thus well below current price action. I don't expect the market to reach that low any time soon.


Take your trading to the next level: Join my LIVE Trading Room for FREE as a Charter Member.  We have haad 6 winning days in a row.  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 lost 56 points this past week. Not much of a correction yet. As with the Dow, I was expecting a 4-wave correction that won't be too deep. We are now right in that "correction." Price is sitting in a Pennant formation

The Outer SunnyBands lie at 4603 and 4550. Price is right at the UIB and also right at the 50% Fib line. It will need to rise above the 50% line to continue its move upward. The DMA_H signalled bullish on 3/15/22 and signalled bearish two days ago. Yet Who'sOnTop is still Gold, meaning that the Gold line of the DMA is above the Purple.

I still think we are headed for 4,900 (49 is a square and so is 4,900 and of course it is also a Natural Number). Both the 21-day MAV and the 50-day MAV are at 4,400. The 200-day is at 4,464. That will change as price progresses either up or down. If you want the code for the sjh_I_MovAgv_3Line just send me a Comment and I'll send it to you. Tell me what version of TradeStation you have. It's free; it's code that is in the new book: "EasyLanguage OOEL Made Easy!


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 $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. Why am I so expensive compared to other programmers? Because I am a full-time professional trader and can do so much more for you than just program. 


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. 

 TimeFrame  Position
 Monthly  bullish /\
 Weekly  bearish \/
 Daily  bullish /\
 15-Minute  bearish //
 1-Minute  bearish \/

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 DMA today, so that those stocks showing bearishness are on top. The predominance of bearishness is alarming, but it is also of note that even the bullish stocks (which are lower down in the screen) in the NASDAQ are showing red.

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. Can't figure out how to set up this Scan? Give me a call and I'll help you--for Free.


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. But this past week it has continued to soar. Price is currently (Friday) at 457.81. And it above all three MAVs and above the UOB which lies at 456.68. I believe it is reaching for the strong Attractor at 472, which was the high before its "crash." 

You can see that Who'sOnTop is still showing Gold, looking for more bullishness.  If you had bought on the initial Gold signal and got out when the DMA_H signalled bearish 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%. 

Just in the last 3 days we have gotten another Bullish signal from the DMA_H at 449 and price is now 8 points above that.

Even though the DMA_H has been flashing Red for a few weeks price is above all 3 MAVs and now it is showing Gold.


AMZN, is still the stock with the highest PHW, with Bookings Holdings (BKNG) second, with AMZN probably in a 4-wave correction  Last Sunday I said it would probably hit the DMA MidLine. It has. Price closed Friday at 3089.21. And now it is below the DMA MidLine heading south to the LIB which is at 3052.44. Further, AMZN is below all 3 MAVs.

The DMA is almost flat, and the DMA_H is showing Purple, which further speaks to a corrective wave continuing. Price currently sits in a Doji bar astraddle both a strong Attractor and the UIB. I'm thinking it will go on down to the DMA Gold, if not on down to the Midline which lies at 3,167.

The LOB lies at 2981.30 and the UOB is at 3374.90.Price currently sits just below the Fib 38.3% line from its recent move up. The 50% line is where I expect it is going and that lies at 3035.

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 154 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. And they have announced a split in the form of a dividend (whatever that means). That should be bullish. 

I sold my massive holding in TSLA last week at 1093.87 for a very nice profit based on my SunnyBands. I'll be buying back in as soon as this little correction phase is over. It's still my favorite stock.

TSLA closed Friday at 1025.49. It is currently sitting right on the DMA MidLine which is moving sideways. It is also above all three MAVs.

The 3 MAVs I watch are at 987, 919, and 883. That means that price is nicely above all three MAVs. And has recovered smartly from recent lows. 

That means that price is right at the  DMA Midline lying  at 1033.26 while the LIB is at 966.23 and the LOB is at 928.67. The UOB is at 1137.85 and the UIB is at 1100.29. So that means that price is right in the middle of everything. Often price will bounce off the MidLine, but unless the overall market rebounds I doubt TSLA will.

Price is also right under the Fib 23.6% retracement which makes me think it could go on down to the 38.2% line at 975.

VantagePoint is calling for a high of 1,042 tomorrow and a low of 1,003. Mostly the prediction calls for a down day. That doesn't mean it will close at the low, it just means that is the likely range.

Seems to me people should be flocking to TSLA with gas prices just below $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 below the 21- and 50-day MAVs as well as the 200-day MAV. That means price moved upward to the UOB and then back down to the LIB where it now is. Because the DMA MidLine Angle is so flat I'm thinking this Innovative/Disruptive ETF is in for some more time on the downside.

The SunnyBands are pretty narrow, reflecting the sideways direction and the narrow nature of the price moves. The UOB lies at 73.53 and price is currently at 60.65. That gives her plenty of room to move on up or down. On a weekly chart ARKK is still below the DMA Midline which is at 74.72. The LOB on the Daily is at 57.42 and if disruptive stocks don't start moving up soon she will see that price again. 

ARKK added 266206  shares of NVTA to her holdings as of Friday's report. She's been bottom fishing from what I can tell. Not a good thing to do. NVTA is below all three MAVs. It looked like it was forming a base, but I'd rather buy when it goes above the 50-day MAV and pay a higher price with some certainy of an upward move.

I do think, still, that she over-trades.


MSFT (closing at 296.97 Friday) is below its 21, 50- and 200-day MAVs which lie at 301.22, 298.61 and 304.66. MSFT is now below all three. 

The LOB SunnyBand lies at 287.94 while the LIB is at 293.30 . The DMA Midline lies at 301. Price has been moving down for several days . In fact there was a gap on the the to the 6th, and as we all know "gaps will be filled." With a gap to fill it will go up to that level at some point. Last week I said: "...like the rest of the market I think it is likely to have a bit of a rolling correction down to the Midline at 301." And it did. And even slightly lower.

The DMA_H signalled bearish on 3/5/22 and has been falling lower since then. The DMA MidLine is flat at -6 degrees and like the other stocks in this configuration it could go either way. It could bounce off the MidLine or it could easily break below it. This is where Traders stay alert and nimble.


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 98.26 Friday) after being sharply up and then sharply down and then up and down again with Putin's war raging in Eastern Ukraine and now it is in a large Pennant formation with price range being narrow. In after hours trading today price is at 96.55. Notice on the chart above that price nearly touched the Fib Fan on the upside and has now dropped back through the 50% fan and is hinting at dropping even lower. HOWEVER, there is a strong Attractor at 94.50 which could hold price from dropping lower.

The UOB of SunnyBands lies at 117.48 and the UIB is at 112.64. Price is right now sitting under the LIB and could even be headed to the LOB at 92.41. It hasn't really been reflected in Gasoline prices at the pump. Regular is down to $5.95 so that's something, but it's not enough.

Putin will decide where price is going next. 


BitCoin, Etherium, Gold, Bonds

BitCoin 

BitCoin is down 700 points in after-hours trading this evening. Price is currently at 42,025 and is gingerly heading below the 50-day MAV and is in fact below all three MAVs. 

While BTC and ES have been in lockstep over the recent past, they are not today. The BTC has had up moves while ES has not; it has been on a rounding downward tiptoe.

I still believe BTC and ETHUSD will be widely accepted as currency, though I have no idea when. And I certainly don't know where regulation would take it.

Ethereum

I haven't held any BitCoin. Instead, I have had ETHUSD (Ethereum) 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 3192, down 52 points in after-hours trading. Price is above all the 21- and 50-day MAVs and below the 200-day MAV.The UOB lies at 3559.19 and the UIB is at 3418.39. The 200-day MAV is at 3313 and I'm expecting it to head in that direction out of the Pennant.

I'm still wondering how much of the anonymous currency Russia/Putin control. And thus how weak the sanctions on them actually are. 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 3.3 points at 1,949.

I have been calling for gold to reach $2,000 for months in this Newsletter. It got there and bested it over a week ago only to drop back to its current level.

The Midline is at 1943.1 and the UOB is at 2000.4 with the UIB at 1977.8. I still believe we will hit the 2,000 price again and go higher. World strife adds to the attractiveness of gold. And gold is again above all three MAVs. I still think that it will break to the upside.

And Russia and China have been accumulating and stockpiling gold.


Monday (March 28, 2022) I gave a talk at TimingResearch Crowd Forecast News.   Click on the name of the presentation to view it. You'll hear where I think the markets are going. 


Bonds

Bonds have been strongly down this past couple of weeks and are right now down again though only by 3/32nds. Trading is rather lackluster in all the open futures that I watch, in fact. Bonds drop, yields go up. Yields go up and it reflects in true interest rates ahead of the Fed's interest rate hikes.

Bonds go down, yields go up. In fact, the 2-yr / 5-year Treasuries yield curve is now slightly Not Inverted; Inverted means that is the yield on the short-term treasuries is less than the yield on the longer-term. Still 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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I love listening to happy music while I write and program. Here's today's song: You Make My Dreams Come True by Hall & Oates.

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 PT.

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

"Impressive Resume! Wow. You have forgotten more than most of us will likely learn. :)" - Kevin S.

"You're the best person in the world." - Rich L. 

"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.

"U r still a genius!!! Not a single losing trade all week!!!" - Chip S.

Read more Quips & Quotes here.

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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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.

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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.

 

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DISCLAIMER: Trading involves a significant and substantial risk of loss and may not be suitable for everyone. You should only trade with money you can afford to lose. There is no guarantee that you will profit from your trading activity and it is possible that you may lose all of, or if trading on margin more than, your investment. Nothing in this website is an offer to buy or sell securities, futures, or instruments of any type. Some of the results shown may be based on simulated performance. SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, SUCH RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MY HAVE UNDER OR OVER-COMPENSATED FR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. Past performance is not necessarily indicative of future performance. This brief statement cannot disclose all the risks and other significant aspects of trading. You should carefully study trading and consider whether such activity is suitable for you in light of your circumstances and financial resources before you trade.