Sunny Side of the Street 

Sunday November 6, 2022  VOLUME 6 ISSUE 37

>>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 11/22/22, 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! Click Here for the FREE Trial. 

Want to try it out? Click Here for a FREE Trial of Sunny's Indicators. I will personally walk you through Installation (Zoom) and explain to you EXACTLY how I use them in my day-to-day trading. I've been trading for 42 years and this is what I use Every Day. I don't hold anything back. The week of your Trial I will have 2 more Zoom calls with you to walk you through trading them in the Live Markets.


"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. 

Notice on this VP Chart I have included not just their MAVs but the Prior Projections highs and lows. This shows all the Prior Predictions and the Actual Prices to show you just how accurated they are.    

My read of this chart tells me that All Three of the Moving Averages (MAVs) are weak and headed downwards although the Short Term MAV is about to break above the zero-line.  

Friday's close was 32,403 with a low of 31,938 and a high of 32,612. The prediction for Monday calls for a higher high and a higher low, with the high at 32,721 and the low at 32,099.

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.

In the meantime, this Projection is on a Monthly chart showing where the thin 

In the meantime, this Projection is on a Monthly chart showing where he thinks the ES will go over the "longer term".  Below that is also his Weekly projection.

   http://www.neowave.com

Last Time I Said:

"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."  And pass it we did. Now we are back below the 200-day MAV but still above the other two. Yet, in after-hours trading we are down -192 points on the Dow Futures YM.

SunnyBands Implications

Dow Jones 

The stats for the Dow are:

Last Close = +32,403.22000 : the close Friday was at +32,403.22000.
Change from last Sunday (+/-) (+32,861.80000) = -458.58000
Purple or Gold on top? Gold
UOB = +32,820.68778
UIB = +32,363.52867
MidLine = +31,522.42000
MidAngle = 88.78
LIB = +30,681.31133
LOB = +30,224.15222
Above/Below  21-day MAV = 31008.66 - Above
Above/Below  50-day MAV = 30850.28 - Above
Above/Below 200-day MAV = 32567.63 - Below
Color of DMA_H = Red
All Time High = +36,952.65000 Percent = -12.31%

The Dow is touching the UIB in a fall from being above the UOB. The last week was essentially down, though in fits and starts.

From the all-time high we are now down -12.31%, lower than last week. The DMA is not moving up very fast. In fact, the DMA_Histogram has shown Red for the last 3 days indicating Bearishness and hints that we have farther to go on the downside.  

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.

A LOT depends on what the public votes for this next week. It may take us a week or two to count all the votes, but lots of rumors will fly.  

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. And the "control" of Inflation should introduce some more movement on the downside.

In after-hours trading Dow futures (YM) are down 175 points at 32,251.

We are currently below the 200-day MAV and above the 50- and the 21-day MAVs on the Daily chart.

On the Daily chart price is again below the UOB and below only the 200-day MAV. That's very Bullish. 

The DMA_H has been showing Red the last 3 days  (signalling Short) and had been in a Bullish formation prior to that. I think we are in for a few days of downside activity until we hit the DMA MidLine at 31,677.

S&P 500

The stats for ES are:

Last Close = +3,779.50000 : the close Friday was at +3,779.50000.
Change from last Sunday (+/-) (+3,911.25000) = -131.75000
Purple or Gold on top? Gold
UOB = +3,968.32667
UIB = +3,892.26000
MidLine = +3,776.67000
MidAngle = -39.44
LIB = +3,661.08000
LOB = +3,585.01333
Above/Below  21-day MAV = 3742.39 - Above
Above/Below  50-day MAV = 3818.91 - Below
Above/Below 200-day MAV = 4107.33 - Below
Color of DMA_H = Red
All Time High = +4,818.50000 Percent = -21.56%

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. It then turned Red and the Gray when the DMA went sideways (Flat). Price is now below the Flat DMA. This usually signals move movement to the LOB or at least to the LIB, whose values you can see above. 

DMA_H is Red, but very Flat. The market often moves in fits and starts going up and down in its progression, but rarely goes straight up or straight down. We will likely see some of that this week as it decides on a direction.

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.


DMA_Histogram in Various TimeFrames

Here we have several different time frames on the ES Continuous Contract. This is a view of the RadarScreen with the DMA_Histogram showing the Direction of the DMA and what color it is.

When the DMA_Histogram turns Gold it means that the Gold DMA is on top. When it turns Purple it means that the Purple DMA is on top. 

While Purple is on top and the DMA_H is below the zero-line it turns Green to highlight change of trend and the possibility of a Bullish movement.

While Gold is on top and the DMA_H is above the zero-line it turns Red to highlight change of trend and the possibility of a Bearish movement.

Note, I always wait for Price Action to confirm the move.


RadarScreen of Stocks

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

I sorted on the PHW this time to see which symbols produce the most potential profit. 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 536 stocks above their 3 MAVs. Last week there were 613 stocks above all three. This is yet more progress.


Stocks

KDP: Keuring Dr. Pepper

The stats for KDP are:

Last Close = +36.98000 : the close Friday was at +36.98000.
Change from last Sunday (+/-) (+39.55000) = -2.57000
Purple or Gold on top? Purple
UOB = +39.77111
UIB = +38.97467
MidLine = +37.73500
MidAngle = -3.58
LIB = +36.49533
LOB = +35.69889
Above/Below  21-day MAV = 37.78 - Below
Above/Below  50-day MAV = 37.65 - Below
Above/Below 200-day MAV = 37.37 - Below
Color of DMA_H = Purple
All Time High = +41.31000 Percent = -10.48%

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 36.98. Still profitable at just about $2 per share. Not bad when everything else is moving down. 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 571.30 with price currently at 552.05. 

HUM

The stats for HUM are: 

Last Close = +552.05000 : the close Friday was at +552.05000.
Change from last Sunday (+/-) (+554.83000) = -2.78000
Purple or Gold on top? Gold
UOB = +574.13444
UIB = +562.00467
MidLine = +540.68000
MidAngle = 70.55
LIB = +519.35533
LOB = +507.22556
Above/Below  21-day MAV = 523.19 - Above
Above/Below  50-day MAV = 503.19 - Above
Above/Below 200-day MAV = 462.15 - Above
Color of DMA_H = Red
All Time High = +571.30000 Percent = -3.37%

HUM is up this week nearly 9 points. It is now near an all-time high.

The DMA_H turned Red last week after being hesitantly Gold. I never take a trade signal until price action confirms, but HUM gave a DMA Red signal on 11/04/22 at 552. It is currently at that same price and looking to move down to the DMA MidLine at 541.

The UOB lies at 574 and the UIB is at 562. 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 = +90.98000 : the close Friday was at +90.98000.
Change from last Sunday (+/-) (+103.41000) = -12.43000
Purple or Gold on top? Purple
UOB = +118.01667
UIB = +113.15800
MidLine = +104.38000
MidAngle = -68.83
LIB = +95.60200
LOB = +90.74333
Above/Below  21-day MAV = 109.27 - Below
Above/Below  50-day MAV = 117.53 - Below
Above/Below 200-day MAV = 130.45 - Below
Color of DMA_H = Purple
All Time High = +188.65000 Percent = -51.77%

AMZN is below all 3 MAVs.

"Round and round I go, Down and Down I go..." AMZN keeps on its progress downward. It's at a new low, or at least the low was a new low. AAPL is currently at a 13.462% weighting of the NASDAQ and should pull the rest of the NQ on down with it.

AMZN is below all 3 MAVs and looks like it has farther down to go. It is down 52% since it's all time high.


TSLA

The stats for TSLA are: 

Last Close = +207.47000 : the close Friday was at +207.47000.
Change from last Sunday (+/-) (+228.52000) = -21.05000
Purple or Gold on top? Purple
UOB = +252.24889
UIB = +242.19733
MidLine = +225.77500
MidAngle = -50.95
LIB = +209.35267
LOB = +199.30111
Above/Below  21-day MAV = 218.80 - Below
Above/Below  50-day MAV = 255.11 - Below
Above/Below 200-day MAV = 275.26 - Below
Color of DMA_H = Green
All Time High = +414.50000 Percent = -49.95%

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 nearly 50% from its all time high. It has formed a Double-Bottom which could portend an upward move to follow, or could signal more room on the downside.

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 $93.33 per share. Last week we were in a Buy signal which resulted in a loss of -12.72 per share.

VantagePoint is calling for a Lower Day with a high of 214 tomorrow and a low of 201.

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 $5.69/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 nearly 50% from its high and is now bouncing off its lows. Maybe.


ARKK

The stats for ARKK are: 

Last Close = +35.22000 : the close Friday was at +35.22000.
Change from last Sunday (+/-) (+38.89000) = -3.67000
Purple or Gold on top? Purple
UOB = +42.43667
UIB = +40.77800
MidLine = +37.99500
MidAngle = -7.55
LIB = +35.21200
LOB = +33.55333
Above/Below  21-day MAV = 36.56 - Below
Above/Below  50-day MAV = 39.16 - Below
Above/Below 200-day MAV = 50.06 - Below
Color of DMA_H = Purple
All Time High = +159.70000 Percent = -77.95%

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.

Tonight's chart is on a Monthly timeframe. It shows her performance better. You'll note that the is now broaching he previous lows and needs to best that to keep face. Otherwise she's losing eveything she gained over the last 2 years.  


MSFT

Last Close = +221.39000 : the close Friday was at +221.39000.
Change from last Sunday (+/-) (+235.87000) = -14.48000
Purple or Gold on top? Purple
UOB = +253.52000
UIB = +246.12000
MidLine = +234.35000
MidAngle = -53.37
LIB = +222.58000
LOB = +215.18000
Above/Below  21-day MAV = 232.20 - Below
Above/Below  50-day MAV = 242.43 - Below
Above/Below 200-day MAV = 270.81 - Below
Color of DMA_H = Purple
All Time High = +349.67000 Percent = -36.69%

MSFT (closing at 221.39 Friday) is still below all 3 MAVs. The DMA MidLine (at 234.35) is relatively Flat which tells me price is below the LIB and just above the LOB and could easily fall back to the LOB as declines continue.

Price is now back below the DMA, and below the LIB, though heading upward.

The DMA_H has just signalled a Buy, if and only if it is confirmed by Price Action. 

Now it is below all 3 MAVs and is trying to rise to the DMA MidLine which lies at 234.98 or so. 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 LIB before I enter.

The long-term trendline now shows that MSFT is down about 37% 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 34.57% 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.


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 = +92.61000 : the close Friday was at +92.61000.
Change from last Sunday (+/-) (+87.90000) = +4.71000
Purple or Gold on top? Gold
UOB = +93.43111
UIB = +90.88267
MidLine = +86.97500
MidAngle = 14.31
LIB = +83.06733
LOB = +80.51889
Above/Below  21-day MAV = 87.18 - Above
Above/Below  50-day MAV = 85.47 - Above
Above/Below 200-day MAV = 91.61 - Above
Color of DMA_H = Gold
All Time High = +118.79000 Percent = -22.04%

Crude Light (CL) on a Daily chart (closing at 92.61 Friday) rose again this past week and now gas at my pump is back up at $5.75/gal.

The DMA Histogram was showing solid Green this week. Look for higher prices.

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

On the weekly chart we are in a tight congestion patter moving sideways. Price is touching the DMA MidLine and could be turned back from that level. Any move above the DMA MidLIne could portend higher prices at the pump and more inflation.

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 = +21,155.00000 : the close Friday was at +21,155.00000.
Change from last Sunday (+/-) (+20,680.00000) = +475.00000
Purple or Gold on top? Gold
UOB = +21,844.09333
UIB = +21,206.76000
MidLine = +20,196.78000
MidAngle = 88.88
LIB = +19,186.80000
LOB = +18,549.46667
Above/Below  21-day MAV = 19792.86 - Above
Above/Below  50-day MAV = 19733.90 - Above
Above/Below 200-day MAV = 29331.72 - Below
Color of DMA_H = Gold
All Time High = +69,975.00000 Percent = -69.77%

BitCoin is down 70% since its all time high of 69,965 on 11/10/21. In after hours trading it is down -125 points this evening at 20,480.

Nevertheless,the chart looks flat and sideways since June. Not dropping, not rising. Doing nothing.

Gold is now on top on the daily chart of the DMA with the Histogram showing Gold for the last several 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 = +1,647.36000 : the close Friday was at +1,647.36000.
Change from last Sunday (+/-) (+1,562.00000) = +85.36000
Purple or Gold on top? Gold
UOB = +1,720.91667
UIB = +1,632.35400
MidLine = +1,485.60000
MidAngle = 85.70
LIB = +1,338.84600
LOB = +1,250.28333
Above/Below  21-day MAV = 1412.06 - Above
Above/Below  50-day MAV = 1444.89 - Above
Above/Below 200-day MAV = 2025.80 - Below
Color of DMA_H = Gold
All Time High = +4,867.81000 Percent = -66.16%

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 below the UIB having surpassed it on Friday. It looks to me that it can continue upward at least until the UOB at 1,720.92.


Gold

The stats for Gold are: 

Last Close = +1,676.60000 : the close Friday was at +1,676.60000.
Change from last Sunday (+/-) (+1,644.80000) = +31.80000
Purple or Gold on top? Purple
UOB = +1,728.06667
UIB = +1,704.84000
MidLine = +1,668.79000
MidAngle = -51.67
LIB = +1,632.74000
LOB = +1,609.51333
Above/Below  21-day MAV = 1660.03 - Above
Above/Below  50-day MAV = 1683.76 - Below
Above/Below 200-day MAV = 1825.07 - Below
Color of DMA_H = Purple
All Time High = +2,107.90000 Percent = -20.46%

Gold. Gold continues to move down but is now up slightly from its recent low to 1,675 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 1,609.51. 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 = +119.43750 : the close Friday was at +119.43750.
Change from last Sunday (+/-) (+121.25000) = -1.81250
Purple or Gold on top? Purple
UOB = +125.94389
UIB = +124.43833
MidLine = +122.08000
MidAngle = -10.48
LIB = +119.72167
LOB = +118.21611
Above/Below  21-day MAV = 121.98 - Below
Above/Below  50-day MAV = 127.14 - Below
Above/Below 200-day MAV = 139.34 - Below
Color of DMA_H = Green
All Time High = +170.06250 Percent = -29.77%

Bonds are down on the week for a loss of -1.81 points.

On the monthly chart bonds are in a clear downward progression. And headed lower. Bonds go lower, interest rates go higher.

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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