Sunny Side of the Street 

Sunday October 23, 2022  VOLUME 6 ISSUE 35

>>FREE Live Demo REPLAY Posted

If you haven't already, Watch the Oct 18 Live Demo Replay Here.  The LIVE DEMO  was Tuesday Oct 18 at 10amPT. Learn how Sunny interprets her indicators. No sales pitches, only Education and Support. Whether you do have or do not yet have SunnyBands, PHW, or DynamicMAV, you will not want to miss this expose'.


 I have, for a limited time only, made ALL NEW Bundle Pricing available for those who want to purchase several of my indicators together for up to 30% OFF! Click Here to see the Bundle Pricing.

Want to try it out? Click Here for a FREE Trial of Sunny's Indicators. 


"You can use SunnyBands for Options on QQQ. When it goes purple I go! It's a sure bet. Price crosses above LOB sometimes, wait for a couple bars within LOB. Catch it on Friday on options expiration sell puts and it's a sure thing! I did it on TSLA too." - Aaron R.

If you Didn't  Attend the  "EasyLanguage Forum",  but would like Access to the Videos and Slides, here's where to get them.  Sam Tennis and I covered  EasyLanguage from Beginners to Intermediate. And even some OOEL. It was intense and lots of fun. If you couldn't come and want the materials you may purchase them for a modest cost here: Order Form. You won't learn EasyLanguage anywhere else faster.

The defective PayPal button has been fixed. Just click above on Order Form and it will take you there. 

If you Registered for the EasyLanguage Forum and would like to view the Slides and Video, use your email and password to Login. If you forgot your password, just shoot me an email

If you didn't Register and didn't attend the classes, you may want to access the Slides and Videos. For a modest fee, they are HERE

Samuel K. Tennis is world-renowned as "Mr. EasyLanguage" as he was the lead programmer, designer and programmer of EasyLanguage when he was working for Omega Research, which changed its name to TradeStation in 2001.

Sunny J. Harris has been a professional trader since 1981 (through all the Bear and Bull markets) and author of "TradeStation Made Easy!"  She began using TradeStation & EasyLanguage (at the time "System Writer") since 1987 and has been a TradeStation Beta Tester ever since.

Sunny and Sam have been friends for more than 30 years and are partners in writing our upcoming "EasyLanguage Object-Oriented Programming Made Easy!" It looks like, at this point, it will be about another month before it goes to press. If you want an autographed copy, click here.


And Glenn Neely of NEoWave.com has kindly consented to allowing me to post his Market Forecast for the S&P. It comes out each week on Monday night, and I update this newsletter with the new chart then. Take a look below.


Monday October 24, 2022 at 10amPT I will be talking at TimingResearch's CFN (Crowd Forecast News). With Wally Olopade and Michael Filighera. You'll hear and see how I predict the markets with my SunnyBands and DynamicMovingAverage_Histogram. Click to Register.


Podcast: The Sunny Harris Show! with Sam Tennis

If you haven't yet had a chance, please take a look at my Podcast: "The Sunny Harris Show! with Sam Tennis". It's FREE. Listen while you Trade.

The most recent Episode is a historical visit with Larry Williams who is the master of commodity and futures trading as well as the prolific author of 11 books. Get to know him personally! The podcast is not to miss. Before that were legends Wally Olopade, Price Headley, Jody Samuels, Harry Boxer and Peter Eliades and then Michael Filighera illustrious Elliottician. Past episodes include: Glenn Neely (Elliott Wave Expert: neowave.com), Perry Kaufman (prolific author and master trader: kaufmansignals.com), and technical Rock Star Tim Slater. Upcoming episodes include Norman Hallett, Robert Colby , Larry Pesavento, Linda Bradford Raschke, Ted Hearne and Carolyn BorodenI listen to Podcasts while I trade! You don't have to just sit there and listen and do nothing else.

Don't miss these Podcasts These have been delightful and enlightening interviews into the lives of legendary traders and their take on the markets.


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.


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


ALL NEW LIVE DEMO . WITH LIVE TRADING . TUESDAY OCT 18 at 10amPT . TRADE ALONG WITH SUNNY . ASK ALL THE QUESTIONS YOU CAN THINK OF

VantagePoint ai Prediction for Tomorrow

VP clearly projects the anticipated direction and magniture of tomorrow’s market. You can use any symbol; I trade the EMini S&P. 

My read of this chart tells me that All Three of the Moving Averages (MAVs) are above the zero-line and moving upward. Further I can see a nice trendline on the lows of those MAVs. Looks like another up day to me for tomorrow, based on the VP prediction.

Friday's close was 31,082 with a low of 30.206 and a high of 31,119. The prediction for Monday calls for a higher high and a higher low, with the high at 31,309 and the low at 30,681.

Glenn Neely's S&P Prediction

Take a look at how accurate Glenn's chart patterns have been with his NEoWave River Theory and NEoWave technology. See where he thinks it will go next. Click on the link to visit his website. Notice that he called for this down move followed by an up move over 5 weeks ago, which happened and now he thinks we will continue downward until we hit the boundary line.

  http://www.neowave.com

Last Time I Said:

"Price is right at the DMA MidLine, but it is still sloping down, not Flat. That tells me it is likely to move further down. Negating that is a Pennant formation out of which we broke on Thursday and Friday." And it did indeed break up above the DMA to touch the UIB (Upper Inner Band)j. 

SunnyBands Implications

Dow Jones 

The stats for the Dow are:

Last Close = +31,082.56000 : the close Friday was at +31,082.56000.
Change from last Sunday (+/-) (+29,634.83000) = +1,447.73000
Purple or Gold on top? Purple
UOB = +31,544.44889
UIB = +30,974.62133
MidLine = +30,097.18500
MidAngle = 88.61
LIB = +29,219.74867
LOB = +28,649.92111
Above/Below  21-day MAV = 29752.47 - Above
Above/Below  50-day MAV = 31125.02 - Below
Above/Below 200-day MAV = 32748.67 - Below
Color of DMA_H = Green
All Time High = +36,952.65 Percent = -15.89%

The Dow is sitting between the 15% and 20% retracement lines from its high with another huge up day on Friday (+749 points), though it was preceeded by 3 small down days.

If we are indeed in a sustained Recession, the market might go on up to the UOB, which currently lies at 31,544.44. With price currently at 31,082.56 (an hour to go before the after-hours session opens).

Since the January '22 all-time high at 31,082 we have had up-moves (Bear Rallys) 4 times. Each time the public thought "oh yay, the bear market has ended." And, of course, that brought in buyers who pumped it higher, only to get fooled by resuming down moves.

I will not be surprised to see this Bear Rally behave the same as the other 4. However, I Would be Surprised if the Bear Market is over. But, it's anyone's guess whether we will turn around here and bounce or whether we are in a full-fledged recession that will take the market on down.

In our Podcast interview last Saturday with Larry Williams he forecasted that (per his cycles analysis) we are about to enter a new bull market! I have posted it now and it's a great interview! Come back next week for Robert Colby.

I'm sticking my neck out here but I think we have some more room on the downside. We are, by official statistics, in a Recession and by my estimation have been since the beginning of 2022. Officially if we have two consecutive quarters of decline in GDP and are now right at the 20% retracement we have a Recession. I think we are there.

In after-hours trading Dow futures (YM) are up 298 points! at 31,421.

We are currently below the 50- and 200-day MAVs, though barely below the 50-day MAV. We are now above the 21-day MAV. If we pass thru that one we have more room on the upside. Probably up to the 50-day MAV, which lies at 31,125 and possibly on up to the 200-day MAV at 32,749.

Price is above the DMA MidLine, and is touching the UIB. The market could show strength and continue moving up to the UOB at 30,974.

The DMA_H has been showing Green (signalling Long) since 9/28/22 which has resulted in a 1,399 point profit potential as it hit the UIB.

S&P 500

The stats for ES are:

Last Close = +3,772.00000 : the close Friday was at +3,772.00000.
Change from last Sunday (+/-) (+3,597.50000) = +174.50000
Purple or Gold on top? Purple
UOB = +3,967.27778
UIB = +3,880.76667
MidLine = +3,740.35500
MidAngle = -9.37
LIB = +3,599.94333
LOB = +3,513.43222
Above/Below  21-day MAV = 3685.43 - Above
Above/Below  50-day MAV = 3902.84 - Below
Above/Below 200-day MAV = 4148.08 - Below
Color of DMA_H = Green
All Time High = +4,818.50 Percent = -21.72%

The DMA_H turned Green on 9/28/22 and price moved up to the Flat DMA, like the Dow. Profit potential was 40 points, or just $2,000 per contract on the daily chart. However, unlike the Dow (which continued on above the DMA) the ES was stymied at the DMA and did not go higher... yet.

DMA_H is still green, but decreasing as it approaches the zero-line. If that continues it will move above the zero-line and move on upward, likely to the 50-day MAV at 3,902.

REPORTS THIS WEEK:  

Quips & Quotes

Here are a few quotes from my users this past week:

"I made $5,772 on the first day of my free trial of SunnyBands. It told me exactly where the turns were, even with the high volatility today. You are one of the very few people that allows test drives. It's nothing short of amazing!" -Aaron R.

"I want you to know that you’re truly an amazing person and how grateful we are to have you as a mentor/teacher. We Love You." - TJ N.

"Nice Bands! This morning I did a couple of quick MES buys and sells. Then I bought into an upward moving ES [signaled by the DMA_H]. Followed it to the top [SunnyBand]. Closed. Sold short at the top [SunnyBand.] Followed it to the bottom [SunnyBand]. A $4,000 account (what I had moved to the Futures account) returned about $2,000. Doesn’t get any better than that!". - Don M.


RadarScreen of Stocks

Here again, back by popular demand, is my RadarScreen of Stocks:

I sorted on the DMA Direction this time. Notice that there are all Bearish\\ stocks on the top. Out of the 500 symbols in the S&P 500, 33 are strongly Bearish while the next 367 are Bearish Turning Up (\/) and 12 are Bullish Turning Down (/\). The remainder, 86, are now Strongly Bullish (//).


Stock Scan for those Above all 3 MAVs

Notice that, of the 3,600 stocks I scan, there are now 365 stocks above their 3 MAVs. Last week there were 241 stocks above all three. This is some more progress.


Stocks

KDP: Keuring Dr. Pepper

The stats for KDP are:

Last Close = +37.62 : the close Friday was at +37.62.
Change from last Sunday (+/-) (+37.33) = +0.29
Purple or Gold on top? Purple
UOB = +39.35889
UIB = +38.66733
MidLine = +37.56000
MidAngle = -0.00
LIB = +36.45267
LOB = +35.76111
Above/Below  21-day MAV = 37.17 - Above
Above/Below  50-day MAV = 37.99 - Below
Above/Below 200-day MAV = 37.37 - Above
Color of DMA_H = N/A
All Time High = +41.31 Percent = -8.93%

When I publicly recommended this stock in David Kosmider's TimingResearch "Lightning Round #1" price was down at 34.94. It is now back up to 37.62. Still profitable. I'm not giving up my coffee.  

There are lots of Pennant formations on the chart speaking to belabored moves. Those signify lots of sideways action. I trade the Pennants by waiting for a breakout to one side or the other from the red horizontal lines on the top or bottom of the Pennant. Now we have broken out from the most recent Pennant and are doing better than the general market. 

In fact, KDP is above the 21-day MAV and while it closed below the 50-day MAV and curiously above the 200-day MAV. That's a Golden Cross.

I, an avid coffee drinker, (I'm having a cup while I write this) believed that this non-alcholic beverage vendor would continue to thrive. Keuring is a great coffeemaker and very popular. They even have one at my hairdresser's. 


HUM is doing well again. It is tucked up under its all-time high of 514.98 with price currently at 510.54. 

HUM

The stats for HUM are: 

Last Close = +510.54 : the close Friday was at +510.54.
Change from last Sunday (+/-) (+500.00) = +10.54
Purple or Gold on top? Gold
UOB = +517.41333
UIB = +507.87200
MidLine = +492.27500
MidAngle = 47.79
LIB = +476.67800
LOB = +467.13667
Above/Below  21-day MAV = 497.34 - Above
Above/Below  50-day MAV = 493.00 - Above
Above/Below 200-day MAV = 453.95 - Above
Color of DMA_H = Gold
All Time High = +514.98 Percent = -0.86%

HUM is up this week over 10 points. It is now near an all-time high.

The DMA_H turned Gold last week of being hesitantly red. I never take a trade signal until price action confirms, but HUM gave a DMA Gold signal on 6/23/22 at 464. It is currently at 510.54, a nice 46+ move since the signal.

The UOB lies at 517.54 and the UIB is at 507.87. Last time I said: "I'm guessing that price will touch the MidLine at 475 and bounce from there." And it has done just that!


AMZN

The stats for AMZN are: 

Last Close = +119.32 : the close Friday was at +119.32.
Change from last Sunday (+/-) (+106.90) = +12.42
Purple or Gold on top? Purple
UOB = +129.97111
UIB = +125.51067
MidLine = +118.04000
MidAngle = 0.86
LIB = +110.56933
LOB = +106.10889
Above/Below  21-day MAV = 115.23 - Above
Above/Below  50-day MAV = 124.53 - Below
Above/Below 200-day MAV = 133.28 - Below
Color of DMA_H = Green
All Time High = +188.65 Percent = -36.75%

AMZN is below all 3 MAVs.

Price is now at 119.32, up over 12 points from the previous week. It is below the longer MAVs, but has just passed above the 21-day MAV. The LOB lies at 106.11, with price above the LOB and LIB. We have a buy signal on AMZN from the SunnyBands on 9/28/22 at 118.21. It's done nothing but move sideways to down since then.

AMZN is below all 3 MAVs and looks like it has farther down to go. It is down 36% since it's all time high.


TSLA

The stats for TSLA are: 

Last Close = +214.44 : the close Friday was at +214.44.
Change from last Sunday (+/-) (+204.99) = +9.45
Purple or Gold on top? N/A
UOB = +236.66
UIB = +236.66
MidLine = +231.095
MidAngle = -63.17
LIB = +236.66000
LOB = +236.66000
Above/Below  21-day MAV = 238.86 - Below
Above/Below  50-day MAV = 270.98 - Below
Above/Below 200-day MAV = 281.61 - Below
Color of DMA_H = Green
All Time High = +414.50 Percent = -48.27%

Cathy Wood's 5-year projection for TSLA (chart below) is still at 4,600 which would translate to 1,500 post split; she lowered her projection a few months ago. Several other pundits I keep track of are suggesting a much higher price also. The split should have been bullish but remember that we are in a Bear market. 

It's currently down over 48% from its all time high. 

The SunnyBands sell signal was on 9/21/22 at 300.80. With price now at 214.56 that's more than 86 points of profit per share going short.

VantagePoint is calling for a high of 218.41 tomorrow and a low of 205.05.

This is still my favorite stock. But, at this point I'm a trader, not an investor yet. TSLA is well under a down-sloping DMA and could thus go on farther down this coming week.

Seems to me people should be flocking to TSLA with gas prices high still. Thankfully it has dropped to $4.91/gal in my neighborhood

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 48% from its high and is now near a new low. 


ARKK

The stats for ARKK are: 

Last Close = +35.88 : the close Friday was at +35.88.
Change from last Sunday (+/-) (+33.99) = +1.89
Purple or Gold on top? Purple
UOB = +43.15556
UIB = +41.38933
MidLine = +38.41000
MidAngle = -7.97
LIB = +35.43067
LOB = +33.66444
Above/Below  21-day MAV = 37.30 - Below
Above/Below  50-day MAV = 41.16 - Below
Above/Below 200-day MAV = 52.27 - Below
Color of DMA_H = Green
All Time High = +159.70 Percent = -77.53%

Months ago I said I thought ARKK price would tick on down to the LOB and possibly beyond. It did just that. But, currently she is below all 3 MAVs. ARKK is now under its recent lows to current price of 36.20.. She's continuing on downward. This past week ARKK was down another 1.89 points.

Who's On Top at the bottom of the chart is still solid Purple, but it has been Light Purple, which tells me that we can expect a bit of choppiness in here. Light Purple also tells me that the DMA MidLine is Flat. But now it is solid Purple for the last week. I'm still expecting lower prices.

When the DMA MidLine is Flat I watch closely for Price to tell me the next direction. Don't jump the Flat DMA 

When you think about your own trading successes (or lack thereof), take a look at what one of the most notable traders (Cathy Wood) has done.

I do think, still, that she over-trades. And bottom fishing is a risky business.


MSFT

Last Close = +242.12 : the close Friday was at +242.12.
Change from last Sunday (+/-) (+228.56) = +13.56
Purple or Gold on top? Purple
UOB = +256.073
UIB = +249.484
MidLine = +238.905
MidAngle = 1.58
LIB = +228.32600
LOB = +221.73667
Above/Below  21-day MAV = 237.00 - Above
Above/Below  50-day MAV = 253.36 - Below
Above/Below 200-day MAV = 274.76 - Below
Color of DMA_H = Green
All Time High = +349.67 Percent = -30.76%

MSFT (closing at 241.12 Friday) is still below the 50- and 200-day MAVs. But it is now above the 21-day MAV. The DMA MidLine (at 238.90) is relatively Flat which tells me price is above the DMA MidLine and could easily fall back to the MidLine. OR, it could bounce on up to the LIB at 249.48.

Price is now above both the Lower Bands and below the 2 longer MAVs.

It is also riding nicely above the Attractor at 224.17, which could keep price continuing its upward movement at least to the UIB at 249.48. We can hope, but keep our eyes on the bouncing ball (SM_CurrentPrice). There is no reason for me to be a buyer yet. I always wait for price action to confirm. So, I'm looking for price to rise above the high of  243.93 of 4 days ago.

The long-term trendline now shows that MSFT is down about 31% from its all-time high. This is one of the reasons we are still in a Bear market.

The NASDAQ (where the tech stocks live) is down 33% since January. Now that's a Bear Market to me. Reminds me of 2000-2002 when it was down -78%. We shall see...


Don't you think you should purchase the SunnyBands and DMA_H for your own? Sure helps Profits!  Are you serious about making money trading? You're leaving money on the table if you aren't trading with SunnyBands.


"Nice Bands! This morning I did a couple of quick MES buys and sells. Then I bought into an upward moving ES [signaled by the DMA_H]. Followed it to the top [SunnyBand]. Closed. Sold short at the top [SunnyBand.] Followed it to the bottom [SunnyBand]. A $4,000 account (what I had moved to the Futures account) returned about $2,000. Doesn’t get any better than that!". - Don M.

On the Weekly chart MSFT doesn't look so good either. The weekly price is sitting on the same Attractor which comes from activity much farther back in time. Only really good news will bring this one back up in a meaningful way. The next Attractor to the downside sits at 186.82. Hitting this wouldn't surprise me.


Buy the DMA_H and SunnyBands for yourself. They are life savers. I totally rely on them for my own trading. And I want you to have the success you deserve! 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.

Please join my Podcast (The Sunny Harris Show! with Sam Tennis). It's a lot of fun getting to know the Gurus from a personal standpoint and hear their predictions for the coming market.  I listen to podcasts while I trade.


Oil

The stats for CL are: 

Last Close = +85.14 : the close Friday was at +85.14.
Change from last Sunday (+/-) (+84.68) = +0.46
Purple or Gold on top? Purple
UOB = +93.01
UIB = +90.20
MidLine = +85.80
MidAngle = -0.29
LIB = +81.41
LOB = +78.60
Above/Below  21-day MAV = 84.01 - Above
Above/Below  50-day MAV = 85.72 - Below
Above/Below 200-day MAV = 90.62 - Below
Color of DMA_H = Gray
All Time High = +118.79 Percent = -28.33%

Crude Light (CL) on a Daily chart (closing at 85.14 Friday) rose again last week and now gas at my pump is just $4.91/gal.

The DMA Histogram was showing mixed Purple and Green all week turned Purple on Friday and is still Purple in after hours trading, where it is up 0.22.

Price hit my lower target of $80 on 9/27/22 and bounced up from there.

On the monthly chart we bounced of a Flat DMA MidLine which is where I said it would go last week. The MidLine sits at 85.81 on the Daily chart. Both the Monthly chart and the Daily look like we will go further up, at least to the UIB, which on the Daily lies at 89ish.

Putin will decide where price is going next. If, and it looks likely, Russia begins to support Kaliningrad to the West of Lithuania and North of Poland we will get into a war with Putin defending Lithuania and Poland, members of the EU. If that happens, crude will be needed to support the war and prices will respond.


BitCoin, Etherium, Gold, Bonds

BitCoin 

The stats for BTC are: 

Last Close = +19,180.00 : the close Friday was at +19,180.00.
Change from last Sunday (+/-) (+19,110.00) = +70.00
Purple or Gold on top? Purple
UOB = +21,193.96889
UIB = +20,654.41333
MidLine = +19,799.79500
MidAngle = -87.20
LIB = +18,945.17667
LOB = +18,405.62111
Above/Below  21-day MAV = 19344.29 - Below
Above/Below  50-day MAV = 20130.20 - Below
Above/Below 200-day MAV = 30426.65 - Below
Color of DMA_H = Green
All Time High = +69,965.00 Percent = -72.59%

BitCoin is down 73% since its all time high of 69,965 on 11/10/21. In after hours trading it is up 360 points this evening at 19,555.

Nevertheless, the chart looks flat and sideways since June. Not dropping, not rising.

Purple is on top on the DMA with the Histogram showing alternating Green and Purple this past week.

It is struggling while deciding where to go next.

In our Podcast interview with Ted Hearne this past Saturday, he pointed out that the stock market is going down and Bitcoin is going sideways. That shows strength in BitCoin.


Ethereum

The stats for Ethereum are: 

Last Close = +1,302.75 : the close Friday was at +1,302.75.
Change from last Sunday (+/-) (+1,302.26000) = +0.49
Purple or Gold on top? Purple
UOB = +1,466.53111
UIB = +1,424.16667
MidLine = +1,353.42500
MidAngle = -75.51
LIB = +1,282.68333
LOB = +1,240.31889
Above/Below  21-day MAV = 1319.38 - Below
Above/Below  50-day MAV = 1486.16 - Below
Above/Below 200-day MAV = 2085.85 - Below
Color of DMA_H = Green
All Time High = +4,867.81 Percent = -73.24%

As you know, I haven't held any BitCoin. Instead, I have had ETHUSD (Ethereum) since its low in May 2021. I'm still holding ETHUSD and intend to hold it for years just to see what happens. Currently it is below my buy-in point. Why not sell? Because I'm in this one for the long-term and expect it to take off at some point. If it doesn't, oh well. It was an interesting experiment.   

The chart of ETHUSD is languishing along with BTC. It is solidly above its low yet is turning downward and is in a tight Pennant formation. Price is full of doji bars near, but not touching, the LOB. I'm thinking we have further to go on the upside.


Gold

The stats for Gold are: 

Last Close = +1,656.30 : the close Friday was at +1,656.30.
Change from last Sunday (+/-) (+1,648.90) = +7.40
Purple or Gold on top? Purple
UOB = +1,734.22333
UIB = +1,712.09000
MidLine = +1,677.64500
MidAngle = -63.94
LIB = +1,643.20000
LOB = +1,621.06667
Above/Below  21-day MAV = 1672.90 - Below
Above/Below  50-day MAV = 1708.10 - Below
Above/Below 200-day MAV = 1834.77 - Below
Color of DMA_H = Purple
All Time High = +2,107.90 Percent = -21.42%

Gold. Gold continues to move down but is now up slightly to 1,665 in the after-hours session. Gold continued to fall this past week as predicted by Glenn Neely.

The DMA has just turned Green, with the crossover Friday.

Price is under the DMA MidLine and also above the LIB. I'm expecting it to move to the MidLine this next week.

The LOB is at 1,621.07. The MidAngle is negative rather steeply. Anything could happen with this one, but it looks to me like it could go farther down as we hit the MidLine. Looking at the monthly chart, we have gone down for each of the last 7 months. NOTE: Glenn Neely (of NEoWave Forecasting, and our 4th Podcast) thinks Gold has a lot lower to go. It's a riveting Podcast!


Bonds

The stats for @US are: 

Last Close = +118.96875 : the close Friday was at +118.96875.
Change from last Sunday (+/-) (+123.71875) = -4.75
Purple or Gold on top? Purple
UOB = +128.47861
UIB = +126.85917
MidLine = +124.17000
MidAngle = -41.02
LIB = +121.48083
LOB = +119.86139
Above/Below  21-day MAV = 125.11 - Below
Above/Below  50-day MAV = 130.77 - Below
Above/Below 200-day MAV = 141.08 - Below
Color of DMA_H = Purple
All Time High = +170.93750 Percent = -30.40%

Bonds are down on the week for a loss of -4.75 points.

On the monthly chart bonds are in a clear downward progression.

In fact, price is to the 30% down retracement. That could support further downside action and thus higher effective interest rates.

Bonds go down, yields go up. In fact, the 2-yr / 10-year Treasuries yield curve is now inverted again; 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 another 0.75 points this next time.


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Products

All subscribers to my Sunny Side of the Street newsletter are eligible for an automatic 10% discount on any of my products. Call if you are interested.  

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.

Correspondence Course: "Solving the Puzzle."  20 lessons and live sessions with Sunny for each lesson. Learn all you need to get started in trading.

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. With them I am alerted to Exact Entries and Exits. 

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. 

Custom Programming - Need help with an idea you want tested with EasyLanguage? I'm the one to do it for you. Fast and inexpensive.  


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 Sam's 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

ORDER NOW 

SCROLL THE CHART DOCKED

Take a look at the bottom of the chart to see the New Docked version of this indispensable indicator.


Data Report Pro & SPGC Report Pro

ORDER NOW 


Archives

Vol 6:

Vol 5:


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consulting packages 

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.

consulting packages 

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.