Sunny Side of the Street 

Sunday October 30, 2022  VOLUME 6 ISSUE 36

>>FREE Live Demo REPLAY Posted

>>FREE Trial of Sunny's Most Powerful Indicators. Click Here

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, as an Early Black Friday offer, ONLY until 11/15/22, 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. No other discounts apply. This is the most I have EVER offered. It's going away soon!

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.


EasyLanguage Forum 

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 November 14, 2022 at 12pmPT 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 with master technician CMT Robert W. Colby and author of Encyclopedia of Technical Market Indicators, and before that 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 and a near-parallel above which could put a damper on upward moviement. Looks like another up day to me for tomorrow, based on the VP prediction, though possibly not by much.  

Friday's close was 32,861 with a low of 32,158 and a high of 32,889. The prediction for Monday calls for a higher high and a higher low, with the high at 32,974 and the low at 32,666.

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 6 weeks ago, which happened and now he thinks we will continue upward in a correction as much as half way up between recent highs and recent lows.

He posts new projections on Monday afternoons. I will post that here at that time. 

  http://www.neowave.com

Last Time I Said:

"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." In fact it went to that exact level and hesitated for 2 bars with price continuing on upward with the Upper Outer SunnyBands. (UOB)

SunnyBands Implications

Dow Jones 

The stats for the Dow are:

Last Close = +32,861.80000 : the close Friday was at +32,861.80000.
Change from last Sunday (+/-) (+31,082.56000) = +1,779.24000
Purple or Gold on top? Gold
UOB = +32,349.73778
UIB = +31,872.26667
MidLine = +31,003.37000
MidAngle = 89.75
LIB = +30,134.47333
LOB = +29,657.00222
Above/Below  21-day MAV = 30379.85 - Above
Above/Below  50-day MAV = 30930.34 - Above
Above/Below 200-day MAV = 32643.63 - Above
Color of DMA_H = Gold
All Time High = +36,952.65000 Percent = -11.07%

The Dow is sitting between the 10% and 15% retracement lines from its all-time high with another huge up day on Friday (+828 points), though it was preceeded by 2 small Doji days.

From the all-time high we are now down 11%. It is highly likely that the Dow will hit the 10% line and break through it to continue to the Attractor at 33,782. It might not make it, but I suspect it has a high probability. After that the question looming is whether it will resume its downward correction, or will it power on upward?

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.

This looks like Short Covering to me. 

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 eventually take the market on down.

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

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 down 64 points at 32,838.

We are currently below the 50-day MAV and above the 200- and the 21-day MAVs on the Weekly chart. That puts us in a Death Cross formation. If we pass thru that one we have more room on the upside. Probably up to the UIB which lies at 34,960.

On the Daily chart price is above the UOB and above all 3 MAVs. That's very Bullish. 

The DMA_H has been showing Green (signalling Long) and turning to Gold since 9/28/22 which has resulted in a 3,178 point profit potential as it hit the UOB.

S&P 500

The stats for ES are:

Last Close = +3,911.25000 : the close Friday was at +3,911.25000.
Change from last Sunday (+/-) (+3,764.00000) = +147.25000
Purple or Gold on top? Purple
UOB = +3,969.63111
UIB = +3,889.38667
MidLine = +3,768.78500
MidAngle = 81.24
LIB = +3,648.18333
LOB = +3,567.93889
Above/Below  21-day MAV = 3724.33 - Above
Above/Below  50-day MAV = 3857.03 - Above
Above/Below 200-day MAV = 4126.85 - Below
Color of DMA_H = Green
All Time High = +4,818.50000 Percent = -18.83%

The DMA_H turned Green on 9/28/22 and price moved up. The DMA_H went on to turn Gold and price moved up. Profit potential was +179 points, or $8,962 per contract on the daily chart. I'm anticipating the ES to move on up to the UOB which lies at 3,969.

DMA_H is almost still green, but it has turned Gold in the after-hours session tonight though it is down 11.50 points. If the Gold continues it will move on up to the UOB and possibly beyond.

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 many  Bullish // stocks on the top. Out of the 500 symbols in the S&P 500, 266 are strongly Bullish while the next 19 are Bullish /\ Turning Dow and remainder are Bearish Turning Up (\/).


Stock Scan for those Above all 3 MAVs

Notice that, of the 3,600 stocks I scan, there are now 613 stocks above their 3 MAVs. Last week there were 365 stocks above all three. This is yet more progress.


Stocks

KDP: Keuring Dr. Pepper

The stats for KDP are:

Last Close = +39.55000 : the close Friday was at +39.55000.
Change from last Sunday (+/-) (+37.62000) = +1.93000
Purple or Gold on top? Purple
UOB = +39.68667
UIB = +38.96400
MidLine = +37.86500
MidAngle = 4.29
LIB = +36.76600
LOB = +36.04333
Above/Below  21-day MAV = 37.66 - Above
Above/Below  50-day MAV = 37.87 - Above
Above/Below 200-day MAV = 37.39 - Above
Color of DMA_H = Green
All Time High = +41.31000 Percent = -4.26%

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 39.51. Still profitable by +4.57 per share. 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 all three MAVs on a Gap Up +1.44 points from Thursday.

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 = +554.83000 : the close Friday was at +554.83000.
Change from last Sunday (+/-) (+510.54000) = +44.29000
Purple or Gold on top? N/A
UOB = +408.16000
UIB = +408.16000
MidLine = +519.41500
MidAngle = 81.58
LIB = +408.16000
LOB = +408.16000
Above/Below  21-day MAV = 509.15 - Above
Above/Below  50-day MAV = 497.15 - Above
Above/Below 200-day MAV = 457.89 - Above
Color of DMA_H = Gold
All Time High = +560.03000 Percent = -0.93%

HUM is up this week over 44 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 552.05, a nice 88+ 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 = +103.41000 : the close Friday was at +103.41000.
Change from last Sunday (+/-) (+119.32000) = -15.91000
Purple or Gold on top? N/A
UOB = +162.100
UIB = +162.100
MidLine = +116.34000
MidAngle = -42.92
LIB = +162.100
LOB = +162.100
Above/Below  21-day MAV = 114.96 - Below
Above/Below  50-day MAV = 121.62 - Below
Above/Below 200-day MAV = 132.04 - Below
Color of DMA_H = Purple
All Time High = +188.65000 Percent = -45.18%

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 = +228.52000 : the close Friday was at +228.52000.
Change from last Sunday (+/-) (+214.44000) = +14.08000
Purple or Gold on top? Purple
UOB = +256.12667
UIB = +245.93200
MidLine = +229.16000
MidAngle = -3.01
LIB = +212.38800
LOB = +202.19333
Above/Below  21-day MAV = 225.61 - Above
Above/Below  50-day MAV = 262.77 - Below
Above/Below 200-day MAV = 278.30 - Below
Color of DMA_H = Green
All Time High = +414.50000 Percent = -44.87%

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 44% from its all time high. But it is gaining ground, now right at a Flat DMA! 

The SunnyBands sell signal was on 9/21/22 at 300.80. The DMA_H turned Green on 10/13/22 and was confirmed by Price Action on 10/14/22 at 204.16. That makes a potential short trade profit of $96.64 per share. Now it is in Long position with $24.36 profit per share showing already.

VantagePoint is calling for an Outside Day tomorrow with a high of 239.02 tomorrow and a low of 216.04.

This is still my favorite stock. But, at this point I'm a trader, not an investor yet. Not unless and until it passes and holds above the Flat DMA.

Seems to me people should be flocking to TSLA with gas prices high still. Sadly it has risen again to $5.46/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 45% from its high and is now bouncing off its lows.


ARKK

The stats for ARKK are: 

Last Close = +38.89000 : the close Friday was at +38.89000.
Change from last Sunday (+/-) (+35.88000) = +3.01000
Purple or Gold on top? Purple
UOB = +42.45556
UIB = +40.91333
MidLine = +38.31000
MidAngle = 1.00
LIB = +35.70667
LOB = +34.16444
Above/Below  21-day MAV = 37.14 - Above
Above/Below  50-day MAV = 39.91 - Below
Above/Below 200-day MAV = 51.08 - Below
Color of DMA_H = Green
All Time High = +159.70000 Percent = -75.65%

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 2 of the MAVs and has broken above the 21-day MAV. ARKK is now, along with the rest of the market (a rising tide floats all boats) rising from its lows to now touch the Flat DMA. Whether it will break above that line or be headed off at the pass is yet to be seen.

Who's On Top at the bottom of the chart is now Light Purple, but it has been Purple for a long time.

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.

ARKK added another 23,157 shares of SQ and 6,667 shares of ROKU to her holdings as of Friday's report.

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


MSFT

Last Close = +235.87000 : the close Friday was at +235.87000.
Change from last Sunday (+/-) (+242.12000) = -6.25000
Purple or Gold on top? Purple
UOB = +256.95556
UIB = +249.87733
MidLine = +238.97500
MidAngle = -21.55
LIB = +228.07267
LOB = +220.99444
Above/Below  21-day MAV = 237.08 - Below
Above/Below  50-day MAV = 248.01 - Below
Above/Below 200-day MAV = 272.85 - Below
Color of DMA_H = Purple
All Time High = +349.67000 Percent = -32.54%

MSFT (closing at 241.12 Friday) is still belowall 3 MAVs. The DMA MidLine (at 238.98) 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 back below the DMA, even though it had a big up-day on Friday. Earlier in the week it had several nice days only to drop below the DMA on earnings, and it dropped below the LIB.

The DMA_H is not signalling anything at the moment. It's waffling back and forth.

Now it is below all 3 MAVs and is trying to rise to the DMA. 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 31% 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 = +87.90000 : the close Friday was at +87.90000.
Change from last Sunday (+/-) (+85.05000) = +2.85000
Purple or Gold on top? Purple
UOB = +92.48778
UIB = +89.97667
MidLine = +86.14500
MidAngle = 7.27
LIB = +82.31333
LOB = +79.80222
Above/Below  21-day MAV = 86.01 - Above
Above/Below  50-day MAV = 85.66 - Above
Above/Below 200-day MAV = 91.15 - Below
Color of DMA_H = Green
All Time High = +118.79000 Percent = -26.00%

Crude Light (CL) on a Daily chart (closing at 87.90 Friday) rose again last week and now gas at my pump is back up at $5.45/gal.

The DMA Histogram was showing mixed Purple and Light Purple is now again solid Purple in after-hours trading where it is down -0.40 at 87.48.

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

On the monthly chart we touched the Flat DMA and bounced slightly where it now sits.

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 = +20,680.00000 : the close Friday was at +20,680.00000.
Change from last Sunday (+/-) (+19,205.00000) = +1,475.00000
Purple or Gold on top? Gold
UOB = +21,502.12556
UIB = +20,935.90333
MidLine = +20,053.85500
MidAngle = 89.06
LIB = +19,171.80667
LOB = +18,605.58444
Above/Below  21-day MAV = 19644.52 - Above
Above/Below  50-day MAV = 19812.10 - Above
Above/Below 200-day MAV = 29878.08 - Below
Color of DMA_H = Gold
All Time High = +69,975.00000 Percent = -70.45%

BitCoin is down 70% since its all time high of 69,965 on 11/10/21. In after hours trading it is down 200 points this evening at 20,480.

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

Gold is now on top on the DMA with the Histogram showing Gold for the last 2 days after being Purple for a Long time.

It is struggling while deciding where to go next.

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


Ethereum

The stats for Ethereum are: 

Last Close = +1,562.00000 : the close Friday was at +1,562.00000.
Change from last Sunday (+/-) (+1,302.75000) = +259.25000
Purple or Gold on top? Gold
UOB = +1,601.68444
UIB = +1,533.97067
MidLine = +1,423.14000
MidAngle = 86.49
LIB = +1,312.30933
LOB = +1,244.59556
Above/Below  21-day MAV = 1359.05 - Above
Above/Below  50-day MAV = 1451.54 - Above
Above/Below 200-day MAV = 2047.48 - Below
Color of DMA_H = Gold
All Time High = +4,867.81000 Percent = -67.91%

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 now moving upward, in opposition to BTC. It is solidly above its low and is right between the UOB and UIB and I think it will try to go on up farther.


Gold

The stats for Gold are: 

Last Close = +1,644.80000 : the close Friday was at +1,644.80000.
Change from last Sunday (+/-) (+1,656.30000) = -11.50000
Purple or Gold on top? Purple
UOB = +1,727.76444
UIB = +1,706.94667
MidLine = +1,674.64500
MidAngle = -39.69
LIB = +1,642.34333
LOB = +1,621.52556
Above/Below  21-day MAV = 1674.23 - Below
Above/Below  50-day MAV = 1694.91 - Below
Above/Below 200-day MAV = 1830.29 - Below
Color of DMA_H = Purple
All Time High = +2,107.90000 Percent = -21.97%

Gold. Gold continues to move down but is now up slightly from its recent low to 1,645 in the after-hours session. Gold rose slightly this past week as predicted by Glenn Neely.

The DMA is Purple still.

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

The LOB is at 1,621.52. 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 an up-move coming for the near future. It's a riveting Podcast!


Bonds

The stats for @US are: 

Last Close = +1,644.80000 : the close Friday was at +1,644.80000.
Change from last Sunday (+/-) (+1,656.30000) = -11.50000
Purple or Gold on top? Purple
UOB = +1,727.76444
UIB = +1,706.94667
MidLine = +1,674.64500
MidAngle = -39.69
LIB = +1,642.34333
LOB = +1,621.52556
Above/Below  21-day MAV = 1674.23 - Below
Above/Below  50-day MAV = 1694.91 - Below
Above/Below 200-day MAV = 1830.29 - Below
Color of DMA_H = Purple
All Time High = +2,107.90000 Percent = -21.97%

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 35% 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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