Sunday April 16, 2023 VOLUME 7 ISSUE 16
ALL NEW! Announcing a NinjaTrader version of my Flagship indicator, SunnyBands! If you are interested, here's the link to a Limited Time Discount of this new version. Ends in 1 week.
>> Just for your information, the CME has changed the Roll-Over date to the Monday before the Friday expiration. Check it out HERE.
NEW Podcasts Dropped: Dan Passarelli, Ted Hearne, Larry Pesavento and Norm Winski. Great interviews with Sunny & Sam. Give 'em a listen! Coming Next: Markus Heitkoetter.
More Sunny Harris interviews: Podcasts with Alternative Investments, Casey Stubbs of How to Trade It, Chat with Traders, Michael Filighera's Eye of the Storm, The Daily Traders and Etienne Crete's Desire to Trade. Interview in Business Insider this weekend.
HAPPY HALF HOUR! On Thursday May 4th at 1:15pm. PT I will be hosting the Next Free Networking Event for all Traders new and old to join in the discussion and "get to know each other" event. Sign Up Here. This Free meeting of like minds will be held once a month, on the 4th of each month. We all had a great time and shared liberally on the 4th of January. Don't miss it next time. Click HERE to join us. You must be registered to get the invitation and link.
>>FREE Live Demo REPLAY Posted. Learn how I use SunnyBands to trade.
>>FREE Replay of Live Trading Room (Trade Along with Sunny)
>>FREE Trial of Sunny's Most Powerful Indicators. Click Here. I can only take 20 per month.
If you are new to Sunny Side of the Street you might be unfamiliar with the rules I use to interpret my Indicators.
If that's the case, you can download the Indicator Manual Here.
Get YOUR copy of Murray Ruggiero's Using EasyLanguage 9.x HERE at half price before they are all gone. I only have 15 copies.
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'.
And there is one of the Live Trading Room sessions available Here if you'd like to see how I trade.
Want to try them 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 during the Trial 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. This is the best place to learn TradeStation's EasyLanguage.
I'm thinking about conducting a LIVE IN-PERSON 3-day Seminar in Los Angeles (near the airport for convenience) with Sam Tennis where you can learn Technical Analysis, Running your Trading Business, Trading AND EasyLanguage in this Intensive long-Weekend. Please let me know whether you might be interested 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.
Sam Tennis is considering offering EasyLanguage Mentoring Sessions. If you are interested, please fill out this little form.
Sunny J. Harris has been a professional trader since 1981 (through all the Bear and Bull markets) and author of "TradeStation Made Easy!" and "Trading 101", "Trading 102", "Electronic Day Trading 101", "Getting Started in Trading". She began using TradeStation & EasyLanguage (at the time "System Writer") in 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 "The Definitive Guide to TradeStation's EasyLanguage & OOEL" It looks like, at this point, it will be about another month or two before it goes to press. If you want an autographed copy, click here. (Only in US mainland)
Podcast: The Sunny Harris Show! with Sam Tennis
And in another vein, if you'd like to visit the Podcast interviews of Sunny they are available Here.
The most recent Episode is with Dan Passarelli. Ted Hearne. Larry Pesavento and Norm Winski before that and the world famous Linda Bradford Raschke, Robert Colby, and 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 Boroden. I 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 Harris on YouTube) subscribe, and give me ideas of what else you would like me to include. I'm ready to record more videos.
QUICKLINKS: VantagePoint | Last Week I said | Dow | ES | SunnyBands Implications | Trading Room | Automated Strategy | Multiple Timeframes | Stocks | Oil | BitCoin & Etherium | Gold | Bonds | Diatribe | DEFINITIONS| Quips & Quotes
VantagePoint ai Prediction for Tomorrow
Click Here to attend a Free informative class.
All three moving averages are now moving downward. Tomorrow's prediction is for yet another sideways day, not exceeding previous highs or lows.
The prediction for Monday calls for a high of 34,028 and a low of 33,676. That's only a 352 point spread on the day with the day being virtually sideways.
It looks to me like VP says there is more to go on the downside even though it is not yet predicting that.
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. The chart in today's SSS is a 6-month view so you can see longer term predictions. Click on the link to visit his website.
Notice that he is calling for long-term much higher ES moves.
Here is the Monthly NEoWave projection of the S&P. He posts it on Monday afternoons, so it will be updated then. Come back and re-load to see it.
http://www.neowave.com
SunnyBands Implications
Dow Jones
The stats for the Dow are:
The Dow is up +401.18 on the week which is largely upward. Price has exceeded last week's Pennant formation, to the upside. The high of the Pennant was 33,622 and the low is 33,275 and now price is at 33,886, nicely above the Pennant. Further, there was a downsloping Trendline that has now been exceeded as well.
Last week I said: "Gold is on top and showing on the DMA Histogram and a pending move to the upside is likely." And that's just what we got.
On the Weekly chart, we have risen above all 3 MAVs and are still going sideways. The UOB lies at 34,726.58 and the UIB is at 33,952.69. These are potential targets. With price right at the UIB I'm guessing we will continue on up to the UOB.
Looking at the Weekly and Daily SunnyBands overlay I see that price is now above the Weekly SunnyBands and right at the UOB of the Daily and continuing to move upward. It looks to me like we are heading for the Attractor that lies overhead at 34,160.25. Breaking that would mean a significant move to the upside is in store.
In the after-hours market the YM is up 62 points, to 34,098. Price has stalled at the UOB and has given a Sell signal which was confirmed by tonight's bar. If that holds it looks like price could fall back to the DMA, at 33,504.
The Weekly Dow chart shows we will remain in this sideways channel until we break out of 34,709.
Keep in mind that markets never go straight up or straight down. They always move in fits and starts.
The Podcasts of Dan Passarelli, Ted Hearne, Larry Pesavento, Norm Winski, Greg Morris, Linda Bradford Raschke, Anka Metcalf and Robert Colby are now posted, Enjoy these great interviews. Markus Heitkoetter coming Next!
S&P 500
The ES is up slightly in the after-hours market, +6.50 points. On the week the ES was up 31.75 points. It and the DOW are both on sideways progressions but not quite in tandem.
Price is above the DMA and Gold is on top. It is sitting between the UIB and UOB and going assuredly upward. Gold is also on top on the DMA_Histogram. Price is also above all 3 MAVs, which is a positive sign.
Earnings Reports continue this week with some important stocks reporting.
REPORTS THIS WEEK:
Quips & Quotes
Here are a few quotes from my users these past few weeks:
"My consulting sessions with Sunny started from a cringeworthy point. I was a rank novice. I was impressed with her patience and calm responses as we began working on terminology, process and setting up my trading platform. She was great at directing me to areas I needed to supplement my learning, as well as guiding me away from subjects distracting to a beginner. With her decades of expertise, she was able to break down complexities into bite-sized chunks so that sessions were productive. I found over a short period of time I was asking smarter questions, and eager to learn more. Sunny is a talented mathematician and programmer who develops her own tools, but her style of coaching is cheerful and encouraging, not intimidating. You become a student of the craft of trading -- setting up your own strategies, and testing them until you know they're likely to work. The SunnyBands system she created and sells is also what she trades with herself. If you are a beginner, she can start at an appropriate point for you and raise you up to the level you're ready for her SunnyBands system. I'm still a work-in-progress, but with Sunny I chose a solid business partner, and as it turned out, I also made a good friend. Thoroughly recommend Sunny!" -Jill T.
"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 before taking a position.
This configuration tells me that every timeframe is bullish of some flavor except the 1-min.
RadarScreen of Stocks
Here again, back by popular demand, is my RadarScreen of Stocks:
The RadarScreen shown here is sorted by PHW total and presents the "most tradable" stock on the top. i.e., those with the most swings and trading opportunities.
In the DMA column you can see that most of the symbols are very mixed. Lots of all color. This is indicative of a sideways market with no one willing to stick their necks out and choose a direction.
Stock Scan for those Above all 3 MAVs & >million shares traded
I've done something different this week. This time I added a condition to the Scan that symbols must have >= 1,000,000 volume. That narrows the search down quite a bit. And now there are 130 stocks that meet the conditions same as last week's 130. Lots of opportunity here.
Stocks
KDP: Keuring Dr. Pepper
KDP, on the Monthly chart, has given a clear Sell signal in a faltering market. We are sitting right on the Flat DMA, which is always scary. It could easily turn on downward for more of a correction or it could bounce off the DMA and move back up, as it has done often.
On the Daily chart KDP has been in a "sharply sideways" channel where it is now touching the Flat DMA (caution) and has just dipped below it. The Sell signal was given at 35.23 on 04/10/23 and price is now at 35.10 for a slight profit.
The DMA is Flat with Purple still on top. The DMA_H is getting shorter and likely to cross over to Gold in a few days.
To me this points to higher movements. I'll be at the ready if it bounces off the DMA and moves upward.
Now let's consider this coffee company: SBUX (Starbucks).
The stats for SBUX are:
SBUX, as I said last time, easily broke throught the Flat DMA and went on up to the UOB. From there it has continued to move upward. Gold is now on top and holds promise of more upward movement.
A SunnyBands Buy signal was given on 03/28/23 at 93.69 and now price is at 107.51 for a potential 13.82 points profit.
HUM
HUM is Up by +3.86 this week and left its November all time high behind. We are in a Head and Shoulders formation that could fail (as most do) and bounce back upward, or it could follow the classic TA rules and drop down another 75 points before bouncing.
The stats for HUM are:
Created : 04/15/2023 04:17pm Symbol "HUM", Bar Type = Daily Last Close = +523.83 : the close Friday was at +523.83. Change from last Sunday (+/-) (+519.97) = +3.86 Purple or Gold on top? Gold UOB = +535.56 UIB = +526.00 MidLine = +510.17 MidAngle = 60.91 LIB = +494.34 LOB = +484.78 Above/Below 21-day MAV = 506.02 - Above Above/Below 50-day MAV = 499.60 - Above Above/Below 200-day MAV = 502.64 - Above Color of DMA_H = Gold All Time High = +571.30 Percent = -8.31% on 11/03/2022 110 bars ago.
The price of HUM is UP +3.86 points on the week, recovering nicely. However, the price on Friday dropped below the UOB giving a Sell signal. We now wait until we see Price Confirmation on subsequent bars.
HUM has now touched the UOB and drifted back down. I wouldn't be surprised to see it march on down to the DMA which lies at 510.17.
On the Weekly chart it has been drifting sideways and is now above the DMA with Gold on top. Price is touching the UIB on a Hammer, which may mean it will drop from there.
AMZN
The stats for AMZN are:
Created : 04/15/2023 04:15pm Symbol "AMZN", Bar Type = Daily Last Close = +102.51 : the close Friday was at +102.51. Change from last Sunday (+/-) (+102.06) = +0.45 Purple or Gold on top? Gold UOB = +105.21 UIB = +102.97 MidLine = +99.41 MidAngle = 6.70 LIB = +95.85 LOB = +93.61 Above/Below 21-day MAV = 100.38 - Above Above/Below 50-day MAV = 98.30 - Above Above/Below 200-day MAV = 107.16 - Below Color of DMA_H = Red All Time High = +188.65 Percent = -45.66% on 07/13/2021 442 bars ago.
AMZN moved up somewhat this past week to touch the UOB and retreat. Now it is below the main Attractor and has touched the Flat DMA. I'm guessing it will bounce back and test the UOB again this week.
On the Histogram Gold is on top, but it has turned Red, warning of impending down movement, though the Reds are getting shorter, implying a potential move to the downside.
On the Weekly chart AMZN is Sharply Sideways and right below the Flat DMA which has Purple on top. That's likely to impede further upside longer term movement as it bounces around the DMA.
TSLA
The stats for TSLA are:
Created : 04/16/2023 03:52pm Symbol "TSLA", Bar Type = Daily Last Close = +185.00 : the close Friday was at +185.00. Change from last Sunday (+/-) (+185.06) = -0.06 Purple or Gold on top? Purple UOB = +207.13 UIB = +200.52 MidLine = +190.19 MidAngle = -4.57 LIB = +179.85 LOB = +173.24 Above/Below 21-day MAV = 189.39 - Below Above/Below 50-day MAV = 192.62 - Below Above/Below 200-day MAV = 213.76 - Below Color of DMA_H = Purple All Time High = +414.50 Percent = -55.37% on 11/04/2021 361 bars ago.
Cathie 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.
TSLA is down on the week by -0.06 points and is sitting RIGHT ON the Flat DMA.
Now we are looking at a Sell signal from 04/03/23 at 202.69. Price is now at 185.00 for a potential profit of just over 17 points per share. Not Bad!
I'm thinking price will continue on down to the LOB at 174.17 before it finds further direction.
This is still my favorite stock. But, at this point I'm a trader, not an investor yet.
Seems to me people should be flocking to TSLA with gas prices high still. It is now back up to $5.20/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 long-term buy for lots of fundamental reasons (not the least of which is lower prices and a huge run-up potential).
ARKK
The stats for ARKK are:
Created : 04/15/2023 04:16pm Symbol "ARKK", Bar Type = Daily Last Close = +38.79 : the close Friday was at +38.79. Change from last Sunday (+/-) (+38.57) = +0.22 Purple or Gold on top? Purple UOB = +41.80 UIB = +40.66 MidLine = +38.91 MidAngle = 0.14 LIB = +37.16 LOB = +36.02 Above/Below 21-day MAV = 38.63 - Above Above/Below 50-day MAV = 39.42 - Below Above/Below 200-day MAV = 39.53 - Below Color of DMA_H = Green All Time High = +159.70 Percent = -75.71% on 02/16/2021 544 bars ago.
ARKK follows TSLA, her main holding. Right now it looks like we will continue on down to the LOB at 36.02. Purple is on top and the DMA has been Flat for many days. Price has lightly touched the LIB and downward progression may be over, but I don't think so. I think there's more to come.
ARKK has, on the Weekly chart, is going very flatly sideways. Price continues to be below the Flat DMA with not much upward action.
On the Daily, SunnyBands Sell signal occurred on 02/16/23 at 41.74 and was closed at the Flat DMA at 39.82 for a potential profit of nearly 2 points per share. This ETF is neither an investment nor a tradable at this point. The moves are to narrow and unpredictable.
Last week I said: "I'm watching for price to go on down to the LIB and then progress back up to the DMA MidLine" which is exactly what it did. Now it might go on up to the UIB, but at this point it's down 74.74% from its all time high.
Who's On Top at the bottom of the chart is Light Purple and is below the zero-line.
This week she added 6869 shares of BEAM and 815954 shares of DNA to her collection.
When you think about your own trading successes (or lack thereof), take a look at what one of the most notable traders (Cathie Wood) has done. Don't feel bad. It happens to the best of us. And so can recovery.
I do think, still, that she over-trades. And bottom fishing is a risky business!
Tonight's chart is on a Daily timeframe. It looks like she's in a forming Head & Shoulders pattern that could mean bankruptcy as the pattern resolves to the downside, or (since H&S is an oft-failed pattern) recover back upward.
MSFT
Created : 04/15/2023 04:18pm Symbol "MSFT", Bar Type = Daily Last Close = +286.14 : the close Friday was at +286.14. Change from last Sunday (+/-) (+291.60) = -5.46 Purple or Gold on top? Gold UOB = +292.46 UIB = +287.48 MidLine = +279.24 MidAngle = 27.25 LIB = +270.99 LOB = +266.01 Above/Below 21-day MAV = 281.84 - Above Above/Below 50-day MAV = 267.97 - Above Above/Below 200-day MAV = 254.66 - Above Color of DMA_H = Red All Time High = +349.67 Percent = -18.17% on 11/22/2021 349 bars ago.
MSFT (closing at +286.14 Friday, down -5.46 on the week) is Above all 3 MAVs now and recovering quite nicely. Price moved decisively above the Flat DMA and kept going.
Now the DMA is moving strongly upward but Price is now below the UIB.
On the DMA_Histogram we have Gold on top ut it is showing Red, which is an early warning signal, and the Who's On Top indicator has remained Gold since January.
Nevertheless, price is below the UIB and gave a Sell signal on 04/11/23 at 282.
The long-term trendline now shows that MSFT is down "only" -18% from its all-time high of 349.67. This is one of the reasons we are still potentially in a Bear market.
On the Monthly chart one can see a clear Linear Regression Channel taking price downward. Yet, price has exceeded the Regression Channel this month, but the past month there was some activity outside the Channel, and it didn't make much progress. On the Monthly the DMA is Flat with Purple on top. Price touched the Flat DMA and that's where it still lies. On the Histogram Green is now showing and could be a continuation of the Buy signal if price confirms. But, remember, this is on the Monthly chart.
On the Weekly chart price is now above the DMA and right at the UIB in a potential Sell signal, and the DMA is now sloping upward.
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.
If you want a Free 7-day Trial, CLICK HERE and we'll set it up.
"This is INSANE! I'm up over $11,000 in four days. Even 1/10th of these results & I'm speechless!" [Using SunnyBands during a Free Trial]. - Brian K. EDITOR'S NOTE: Brian is now up over $100,000! Five months later.
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.
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. The most recent Podcast is with Greg Morris of MurphyMorris.
Oil
The stats for CL are:
Crude Light (CL) on the Weekly chart is Flat to down, slowly. Price is below the Flat DMA and on the DMA_H Green is showing, signifying further downward movement is possible.
On the Monthly chart price is right above the Flat DMA and stuck in a Pennant formation restricting price movement. Purple is now on top.
Back to the Daily chart, Gold is now on top and price is stuck in a Pennant formation while price is stagnant. There is a Strong Attractor right at 81.27which price has broken through. On the DMA_H Gold is on top though Red is showing and suggesting a potential turn downward.
Price had been weak and only been moving back and forth between the LOB and the DMA. But now price has been moving up sharply since 03/20/23 and passed the Flat DMA to move up to its current level at 82.63.
On the Weekly chart it looks like price will test the Flat DMA in the next week or so and possibly move on up to the 50-week MAV at 86.96.
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, with NATO 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:
Created : 04/15/2023 03:44pm Symbol "@BTC", Bar Type = Daily Last Close = +30,470 : the close Friday was at +30,470. Change from last Sunday (+/-) (+28,045) = +2,425 Purple or Gold on top? Gold UOB = +30,031 UIB = +29,248 MidLine = +27,955 MidAngle = 89.80 LIB = +26,661 LOB = +25,878 Above/Below 21-day MAV = 28581.67 - Above Above/Below 50-day MAV = 25627.30 - Above Above/Below 200-day MAV = 21303.22 - Above Color of DMA_H = Gold All Time High = +69,910 Percent = -56.42% on 11/10/2021 358 bars ago.
BitCoin is still moving upward, up +2,425 this past week, likely in response to bank failures.
Price is now, in the after-hours market, at 30,11down 360 points.
We got a Buy signal on 03/13/23 at 24,625 and now price is at 30,110 for a potential +5,485 points profit on the SunnyBands signal.
In our Podcast interview with Ted Hearne last time, he pointed out that the stock market is going down and Bitcoin is going sideways. He believes that shows strength in BitCoin. Markus Heitkoeter's podcast will be posted next week.
Ethereum
The stats for Ethereum are:
Created : 04/15/2023 04:16pm Symbol "ETHUSD", Bar Type = Daily Last Close = +2,107.08 : the close Friday was at +2,107.08. Change from last Sunday (+/-) (+1,857.03) = +250.05 Purple or Gold on top? Gold UOB = +2,017.53 UIB = +1,950.90 MidLine = +1,835.99 MidAngle = 88.45 LIB = +1,721.07 LOB = +1,654.44 Above/Below 21-day MAV = 1838.93 - Above Above/Below 50-day MAV = 1704.83 - Above Above/Below 200-day MAV = 1500.62 - Above Color of DMA_H = Gold All Time High = +4,867.81 Percent = -56.71% on 11/10/2021 372 bars ago.
In the after-hours market ETHUSD is down just -5.17 points to 2,102.50.
The Daily chart shows we are now well above the UOB and now have a SunnyBands Sell signal from 1,914 which was immediately close for another Buy signal.
Gold is still on top and price is strongly above the UOB.
Gold
The stats for Gold are:
Created : 04/15/2023 04:13pm Symbol "@GC", Bar Type = Daily Last Close = +2,015.8 : the close Friday was at +2,015.8. Change from last Sunday (+/-) (+2,026.4) = -10.6 Purple or Gold on top? Gold UOB = +2,046.5 UIB = +2,024.3 MidLine = +1,988.8 MidAngle = 75.13 LIB = +1,953.3 LOB = +1,931.2 Above/Below 21-day MAV = 2005.08 - Above Above/Below 50-day MAV = 1931.28 - Above Above/Below 200-day MAV = 1838.39 - Above Color of DMA_H = Gold All Time High = +2,219.8 Percent = -9.19% on 09/06/2011 2925 bars ago.
Gold. In the face of bank failures and buy outs Gold passed above the magical 2,000 level over a week ago. The UOB is now at 2,038.2 and yet price has dropped below the UIB and may have a bit of a correction to go.
On the Monthly chart we are just in a sideways channel with price right at the UIB and the next Attractor is at 2,139.
As I said earlier, it has been reported that the Central Banks are now buying gold and that should elevate price in the coming weeks.
The UOB lies at 2,135 which is my next estimate.
A SunnyBands Buy signal occurred on 02/27/23 at 1,824.9, with price now at 2,016, having moved as high as 2,063. That's a few more points! In fact, it's a SunnyBands potential profit of 183 points per contract.
The last day of my Once in a Lifetime Bundle Discounts is ended on March 31st. There is still time for you to take advantage of up to 30% Discounts for one more week as I have been asked to extend the offer. Click Here.
Price is now right well above the Gold DMA and is possibly heading on up farther. Price could easily get firmly beyond the 2,000 level now.
The next Attractor to the upside is at 2,108. The next Attractor on the downside is at 1,767.
Bonds
The stats for @US are:
Created : 04/15/2023 04:14pm Symbol "@US", Bar Type = Daily Last Close = +130.71875 : the close Friday was at +130.71875. Change from last Sunday (+/-) (+133.09375) = -2.37500 Purple or Gold on top? Gold UOB = +133.72250 UIB = +132.59750 MidLine = +130.65500 MidAngle = 0.14 LIB = +128.71250 LOB = +127.58750 Above/Below 21-day MAV = 131.74 - Below Above/Below 50-day MAV = 129.22 - Above Above/Below 200-day MAV = 131.34 - Below Color of DMA_H = Red All Time High = +184.62500 Percent = -29.20% on 03/09/2020 782 bars ago.
Bonds are down somewhat (-2.375) on the week.
Price is slightly Up (+5/32) in the after-hours market with Bonds moving slightly downward. Bonds have been moving down on the week, with price now touching the Flat DMA.
In after-hours trading bonds are up +5/32 right now and are sitting on the Flat DMA with Red on the DMA_Histogram. Further, price is now below the 21- and 200-day MAVs.
On the Monthly chart price is well below the DMA with Purple on top, but it is moving sideways. A SunnyBands Buy signal came on 11/30/22 but was not confirmed. It is likely that price will move up to the DMA and then turn back down. (Think higher interest rates.)
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