Sunday October 01, 2023 VOLUME 7 ISSUE 38
The Definitive Guide to TradeStation's EasyLanguage & OOEL Programming--Vol I: Programming Guide and Vol II: Reference Guide NOW AVAILABLE on Amazon.com. Go to www.easylanguageooel.com, register as a Free Member and I'll send your indicators right away!
One of my clients wanted me to show buy & sell arrows where SunnyBands signals appear. I have been putting Vertical Lines on each chart to show the Signal. In this and subsequent issues I am continuing to draw the Vertical Lines, but now the Buy Signals are Blue lines and the Sell Signals are Red lines. I hope that helps.
ALL NEW! Announcing a NinjaTrader version of my Flagship indicators, SunnyBands AND NOW DMA_HISTOGRAM! Order Here. OR, request a Free 7-day Trial with FREE Personal Orientation & Instruction with Sunny!
"When pursuing prosperity you must follow the laws of Heaven. Don't be afraid to be kind and charitable." - Hok Yat Louie (Brandt Louie's grandfather)
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"I just wanted to update you on how trading is going with SunnyBands. I hope I am not jinxing myself by telling you this, but I am so happy with your indicators that I wanted to share with you. From the start of the trial on 8/29 until I purchased your indicators on 9/6, my portfolio was up 28%. From the start of the trial to today, my portfolio is up 74%!!! Thank you so much for your help and your indicators!! I have so much more confidence in trading now and I am still learning!! I can only see things improving from here. Thank you so much!!!!" -Margaret K.
NEW Podcasts Dropped: Louis Navellier, Cynthia Kase, Howard Getson, Jake Bernstein, Arch Crawford, Henry Weingarten, Robert Pardo, Sherman & Tom McClellan, Stan Ehrlich, Steven Primo, Carolyn Boroden, Markus Heitkoetter, Dan Passarelli, Ted Hearne, Larry Pesavento and Norm Winski. Great interviews with Sunny & Sam. Give 'em a listen! Coming Next: William Eng.
More Sunny Harris interviews: Podcasts with The Matt Kohrs Show, Moon Dev, AlphaCast, Macro Jabber, 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.
HAPPY HALF HOUR! On Wednesday October 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 September. It's a lot of fun! 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.
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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. Or you can see the 9 slides for a quick presentation of SunnyBands rules.
If you haven't already, Watch the Live Demo Replay Here. 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 another Zoom call 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
Want to learn EasyLanguage in 5 1-hour video sessions? Click here to purchase (just $79.95). 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.
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 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", and "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 (Samuel K. Tennis is a master EasyLanguage programmer & former lead programmer developing TradeStation and EZL) have been friends for more than 30 years and are partners in writing our new "The Definitive Guide to TradeStation's EasyLanguage & OOEL Programming" Volume I, the Programming Guide, and Volume II, the Reference Guide. AND, they are in full color!
Vol I: Programming Guide and Vol II: Reference Guide NOW AVAILABLE on Amazon.com. Just email me a copy of your proof of purchase and I'll send your Free Code right away! Both Volumes are NOW AVAILABLE on Amazon.com.
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 Episodes are with Louis Navellier, Cynthia Kase, Howard Getson, Jake Bernstein, Arch Crawford, Henry Weingarten, Robert Pardo. Sherman & Tom McClellan, Stan Ehrlich. Steven Primo, Carolyn Boroden, Markus Heitkoetter. Dan Passarelli, Ted Hearne. Larry Pesavento and Norm Winski were 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 them 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 will include William Eng. I listen to Podcasts while I trade! You don't have to just sit there and do nothing else; listen to podasts while you trade.
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, (or 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
ALL NEW HAPPY HALF HOUR . TRADERS' NETWORKING . WEDNESDAY OCT 4 at 1:15pm Pacific . ASK QUESTIONS . SHARE STORIES
VantagePoint ai Prediction for Tomorrow
Click Here to attend a Free informative presentation.
The Dow closed at 33,507 Friday. The VantagePoint prediction for tomorrow is for a lower day with a lower high and lower low. The predicted high is 33,716 and the low is 33,312. That's a range of over 400 points on the day.
All 3 of the moving averages are below the zero-line but the short- and medium-term averages are moving upward. That makes me think we might have some motion to the upside tomorrow.
On the SunnyBands of the Dow price dropped under the Flat DMA this week with Purple on top, and precisely hit the Attractor that lies at 33,507...three times. As of this writing it hasn't closed under the Attractor, but it's trying.
Take a look at the Monthly Dow chart below to see what I'm looking at longer term.
Glenn Neely's Market Prediction
Glenn Neely has graciously granted us continued access to his weekly predictions! 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.
In today's Gold chart is a Weekly view so you can see longer term predictions. Click on the link to http://www.NEoWave.com visit his website.
Notice that he is calling for dramatically lower prices for Gold with a broadening megaphone pattern being broken to the downside.
Here is the Weekly NEoWave projection of Gold. He posts it on Monday afternoons, so it will be updated then. Come back and re-load (CTRL-R or F5) to see it.
http://www.NEoWave.com
SunnyBands Implications Dow Jones
Dow Jones
The stats for the Dow are:
The Dow was down sharply this week by -456.08 on the week as it dropped below the Flat DMA (Purple on top) and inched along sideways for 4 days. Monday or Tuesday could bring a new test of the DMA, but I'm thinking it makes more sense to drop on down to the Attractor that lies at 32,654.
If it does that it will certainly scare some people out, worrying just how far down it will go.
The DMA_Histogram is under the zero-line, letting us know that Purple is on top on the DMA, and it is now showing Purple, meaning that it is watching for continued down movement. Who's On Top is showing solid Purple denoting we are not Flat and are continuing downward motion at this point.
We got a SunnyBands Sell signal on 09/15/23 that was confirmed at 34,624. It is still in effect. We are now at 33,507 for 1,117 points of potential profit!
Price is less than all 3 MAVs and with it below the 200-day MAV it is likely to move down to the Attractor at 33,507. That's definitely Bearish. The moving averages are all 3 sloping downward now.
The slope of the DMA is downward, foretelling more downward movement.
In a Facebook post last week I stated that current market activity is looking suspiciously like the early fall of 1987. We have a parabolic move up followed by a steep correction and the subsequent new highs have not exceeded the high of January 2022. Here's what that looks like on a monthly chart:
If that's true and what happens, then we will likely move on down to the 23.6% Fibonacci line. Now, mind you, I'm not saying I'm forecasting a Crash. I'm simply being aware of my surroundings and am ready for whatever comes.
Notice the trendline I've drawn on the monthly percent change chart: We have lower highs, which is what happened in the fall of 1987. It resulted in a LARGE move down. Only time will tell with this one. Be careful.
On the Weekly chart, price is now below the DMA, with Gold still on top. The DMA is not Flat (at 17 degrees) and with that price could go either direction. It could bounce off the DMA or penetrate it and move farther down. We are just below the low of the recent Pennant formation which could also portend further downside action.
Looking again at the Daily chart, price sits now at 33,507 which is right on a Strong Attractor (meaning there are several previous price turns on it) and in fact is right at the Attractor. VantagePoint is predicting lower prices for tomorrow and I wouldn't be surprised to see that happen.
Thanks to the mind of Sam Tennis I have a set of beautiful indicators that draw trendlines from the pivot High (all time high, HH) to current price and one that goes from the pivot low (LL) to current price. You can see these on this chart.
The HH indicator shows we are down 8% from the high and up 19% from the low. A recovery is in the making with many struggles along the way.
Note that I had a Baby Bull at the top of this newsletter and now I've changed it to dueling bull and bear. I'm not confident we are really in a Bull Market yet, so it will stay a struggle until the Bull proves itself. If it does.
Keep in mind that markets rarely go straight up or straight down. They usually move in fits and starts. And this one is not yet (on the Weekly chart) above the sideways channel. On the Daily chart we are still in the lower half of the channel. The all-time high was on 01/14/22 at 36,513 and we look to be heading there, though very slowly and waiting for this correction to resolve.
And Yet...we had a SunnyBands Buy signal on Thursday that was not confirmed, but could be. And that could mean more moves to the upside. With Purple on top we only "expect" the move to go to the DMA MidLine at 34,330.
The Podcasts of Louis Navellier, Cynthia Kase, Howard Getson, Jake Bernstein, Arch Crawford, Henry Weingarten, Robert Pardo, Sherman & Tom McClellan, Stan Ehrlich, Steven Primo, Carolyn Boroden, Markus Heitkoetter, Dan Passarelli, Ted Hearne, Larry Pesavento, Norm Winski, Greg Morris, Larry Williams, Linda Bradford Raschke, Anka Metcalf and Robert Colby are now posted. Enjoy these great interviews. William Eng coming Next!
S&P 500
The ES was slightly down -35.50 points on the week, not as bad as last week.
The ES is now soundly down, below the LOB and Purple is on top on the Histogram and of course the DMA as well. BUT, the DMA_H is showing Green, meaning we should look for motion to the upside. The SunnyBands Buy signal was confirmed on Thursday. Remember that with Purple on top we only "expect" it to move to the DMA MidLine at 4418.58. The Slope of the MidLine is -12.55, so it's moving downward but not that sharply.
We are below the DMA which is sloping down. There is a Strong Attractor at 4,260 which might serve as the next target. It was close to getting met this week, though it didn't quite make it.
The current SunnyBands signal is a Buy from 09/28/23 at 4,337 and with current price at 4,329 it is in a bit of a loss.
Quips & Quotes
Here are a few quotes from my users these past few weeks. Read this LATEST one:
"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.
Note that there is a new column in this figure: Bars Ago. A client of mine asked for this extension, and here it is. This tells how many bars it has been since the Direction reversed.
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.
Notice the new column, in black. At a client's request I added "Bars Ago" to show how many bars ago the Direction flipped.
RadarScreen of Stocks
Here again, back by popular demand, is my RadarScreen of S&P 500 Stocks:
The RadarScreen shown here is sorted by the Moving Averages. Notice that most of the stocks are in Bearish formations (light Red). For your own look at this RadarScreen, order the DMA_H_R from my order form.
Stock Scan for those Above all 3 MAVs & >1 million shares traded
This Scan includes a condition that symbols must have >= 1,000,000 volume as well as being above all 3 MAVs, as well as Price being between 20 and 200. That narrows the search down quite a bit. And now there are 40 stocks that meet the conditions this week (26 last week), another small increase over last week . You could now check out these symbols against the RadarScreen figure above to see which of these has the highest PHW for trading.
Stocks
Created : 09/29/2023 01:45pm Symbol "META", Bar Type = Daily Last Close = +300.21 : the close Friday was at +300.21. Change from last Sunday (+/-) (+299.08) = +1.13 Purple or Gold on top? Purple UOB = +318.84 UIB = +311.81 MidLine = +300.66 MidAngle = 2.72 LIB = +289.51 LOB = +282.48 Above/Below 21-day MAV = 300.87 - Below Above/Below 50-day MAV = 301.08 - Below Above/Below 200-day MAV = 231.88 - Above Color of DMA_H = Green All Time High = +384.33 Percent = -21.89% on 09/01/2021 522 bars ago.
META gave a SunnyBands BUY signal on 11/08/22 at 112.05 (vertical line on the chart) and exited at 301.19 for a potential profit of over 189 points per share. Then there was (as of 07/31/23) a SunnyBands Sell signal which was confirmed on 08/02/23 at 313 and closed on 08/21/23 at 289.90 for 23 points profit. Now we are again in a Buy signal from 289.90 and are up to 300.30 for a potential profit of just about 11 points.
Price is now at a conjunction of the 55- and 21-day MAVs. Price has been following the Flat DMA all week with hardly any progress. It's up +3.78 on the week.
Once we get through this period of congestion and correction, and rise over the Flat DMA, it looks like we are going on up to the Attractor at 338.
KDP: Keuring Dr. Pepper
This week, on the Daily chart, the price of KDP moved down slightly: -1.55 points, dropping from its Flat status to clearly down. Now price is below the DMA and it dropped all the way to the LOB. The DMA_H is showing Purple, which is Bearish, and the Slope is decidedly down.
A SunnyBands Sell signal occurred on 08/03/23 and was confirmed on 08/04/23 at 33.61. Price is now at 31.57 for a small potential profit of 2+ per contract. It is below all 3 MAVs indicating the possibility of more movement on the downside.
On the DMA_Histogram the Red bars crossed over the zero-line and are now Purple.
Last week I said: "I still think there is more room on the downside." And that's what has happened.
On the DMA_Histogram Purple is showing, Slope is downward and Who's On Top is showing Purple. Those things together point to more Bearish behavior.
Now let's consider this coffee company: SBUX (Starbucks).
The stats for SBUX are:
The long-term Attractors at 97 and 95 on SBUX were both broken 2 weeks ago and then price bounced. Price is now sitting below the downsloping DMA.
There is another Attractor down below at 90.60 that we are now likely to test.
We got a SunnyBands confirmed Buy signal on 08/28/23 at 97.04 which was quickly negated. We are now in a SunnyBands Sell Signal from 97.44 and price is now at 91.25. That's 6 points potential profit so far.
The DMA_Histogram had been at, or very near, zero for a couple of weeks, echoing the thought that we are going nowhere. BUT, this week it is below the zero-line and holding. Purple is now showing on the DMA_H and the DMA is moving downwards.
Paying attention to these SunnyBands signals keeps me consistent. If you haven't already, maybe you'd like to get a FREE 7-day Trial for yourself. It's FREE and it comes with 2 Zoom sessions where I Personally give you Free Installation and Orientation on in the live markets.
HUM
The stats for HUM are:
Created : 09/29/2023 04:08pm Symbol "HUM", Bar Type = Daily Last Close = +486.52 : the close Friday was at +486.52. Change from last Sunday (+/-) (+494.06) = -7.54 Purple or Gold on top? Gold UOB = +505.95 UIB = +498.11 MidLine = +485.24 MidAngle = 22.78 LIB = +472.37 LOB = +464.53 Above/Below 21-day MAV = 478.02 - Above Above/Below 50-day MAV = 478.36 - Above Above/Below 200-day MAV = 490.60 - Below Color of DMA_H = Red All Time High = +571.30 Percent = -14.84% on 11/03/2022 226 bars ago.
Contrary to other instruments HUM is down solidly this week by -7.54 points and sitting right on the Flat DMA.
The Attractor is sitting at 502.72 which is where we are likely to go this week if we bounce off the DMA.
Gold is now on top, but not by much. And, though slightly, Red is showing on the DMA_H.
Price is above all 3 MAVs. We are in a Death Cross (Bearish) with the short-term MAV crossing over the longer-term 200-day MAV. The next goal is the Attractor above at 502 OR the LIB at 464. No way to tell until it shows us what it's going to do next. I am know to say "I'm waiting for more data."
AMZN
The stats for AMZN are:
Created : 09/29/2023 04:12pm Symbol "AMZN", Bar Type = Daily Last Close = +127.12 : the close Friday was at +127.12. Change from last Sunday (+/-) (+129.12) = -2.00 Purple or Gold on top? Purple UOB = +141.25 UIB = +137.95 MidLine = +132.54 MidAngle = -31.80 LIB = +127.13 LOB = +123.83 Above/Below 21-day MAV = 135.56 - Below Above/Below 50-day MAV = 134.71 - Below Above/Below 200-day MAV = 113.16 - Above Color of DMA_H = Purple All Time High = +188.65 Percent = -32.62% on 07/13/2021 558 bars ago.
Price was down on the week, by -2.00, after last week's -11 points with AMZN creating a large gap a couple of weeks ago, which has now been closed.
We had a SunnyBands Sell signal on 09/15/23 at 140.39 and closed it on the subsequent Buy signal on 09/28/23 at 125.98 for no points of potential profit yet, as that was the closing price Friday. We'll see what next week brings.
Purple is on top, adding to the previous Sell signal, but angle of Slope is turning upward from its low, possibly leading to some upward movement.
Price moved decidedly down this week and is now just above the LOB, on a small gap up.
If I had to guess, I'd say that since the DMA is now downsloping we will likely move down toward the 200-day MAV near 113.
We are also right at the 38.2% Fib line which could provide support for another bounce.
The Weekly DMA_Histogram is Purple and getting longer, suggesting that there is more movement to come on the downside.
TSLA
The stats for TSLA are:
Created : 09/29/2023 02:04pm Symbol "TSLA", Bar Type = Daily Last Close = +250.22 : the close Friday was at +250.22. Change from last Sunday (+/-) (+244.88) = +5.34 Purple or Gold on top? Purple UOB = +272.36 UIB = +264.84 MidLine = +252.85 MidAngle = -7.13 LIB = +240.86 LOB = +233.34 Above/Below 21-day MAV = 257.02 - Below Above/Below 50-day MAV = 251.23 - Below Above/Below 200-day MAV = 205.81 - Above Color of DMA_H = Purple All Time High = +414.50 Percent = -39.63% on 11/04/2021 477 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 several months ago. Several other pundits I keep track of are suggesting a much higher price also.
TSLA was up by +5.34 this week and now is at the Flat DMA with Purple on top and the DMA_H showing a short Green bar.
This week the Buy signal was closed and a new Sell signal is in place from 09/15/23 at 274.39. Price is now at 249.95 for just about 25 points of potential profit. This position should be closed if price moves above the DMA on a closing basis.
On the Weekly chart price is right above the almost Flat DMA (with Gold on top) and could go either direction. We are in a Sell signal on the weekly chart as well and Red is showing on the DMA_H.
This is still my favorite stock. But, at this point I'm a trader, not an investor yet until it gets out above the Attractor at 297. The stock is still down from its all-time high, so there is a lot of room on the upside.
Seems to me people should be flocking to Teslas with gas prices high still. It is now back up to $5.00/gal in my neighborhood. When I drove up to Santa Monica a few weeks ago for a conference (a 1.75hr drive that took 4 hours) I counted 73 Teslas on the road.
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. I just found out that Mercedes is projecting a 2024 electric Maybach. That's my next car.
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 huge run-up potential).
Note, however, that ARKK sold 170,000 shares of TSLA this last week which could put further pressure on the stock.
ARKK
The stats for ARKK are:
Created : 09/29/2023 01:35pm Symbol "ARKK", Bar Type = Daily Last Close = +39.67 : the close Friday was at +39.67. Change from last Sunday (+/-) (+38.82) = +0.85 Purple or Gold on top? Purple UOB = +43.05 UIB = +42.16 MidLine = +40.53 MidAngle = -5.85 LIB = +38.91 LOB = +38.02 Above/Below 21-day MAV = 41.87 - Below Above/Below 50-day MAV = 43.28 - Below Above/Below 200-day MAV = 40.18 - Below Color of DMA_H = Green All Time High = +159.70 Percent = -75.16% on 02/16/2021 660 bars ago.
ARKK is now (on the Daily) at 39.67 having moved up by +0.85 this week. It is now sitting below the Purple DMA and 21-, 55- and 200-day MAVs. Price is below the DMA MidLine and now Green is showing on the DMA_H, indicating the possibility of a move upward.
The Attractor at 45.48 is just above the 55-day MAV and could serve as the next target. ARKK is also in a Bearish Death Cross which could mean lower prices to come.
On the Weekly chart ARKK is just going sideways bouncing off the Flat DMA and going nowhere. Price is right under the Flat DMA and there is potential for going on down to the LOB at 34.80 as well as the potential for moving up to the UIB at 47.73.
There is an Attractor overhead at 52.24 and one below at 31.56 that is holding all price movement. Until she breaks out of one of these, she's just going sideways between the two.
I have twice offered Cathie Wood FREE use of SunnyBands for stock selection and timing. No answer. I really want to see this powerful woman succeed. IF any of you have a connection, please let me know. Comments.
Who's On Top (Weekly) at the bottom of the chart is Gold because the Gold line is on top of the DMA. But the Histogram is showing Red and getting shorter which speaks to more downside action.
This week she added 59846 shares of BEAM in her fund.
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!
We interviewed Louis Navellier for our Podcast this week. Among other things he told us something very interesting. He said that big traders now make their money on the spread (Difference between Bid and Ask) since commissions are usually zero now. Thus, the more ARKK trades the more profit she makes, even if the stock symbol doesn't profit itself.
MSFT
Created : 09/29/2023 02:02pm Symbol "MSFT", Bar Type = Daily Last Close = +315.75 : the close Friday was at +315.75. Change from last Sunday (+/-) (+317.01) = -1.26 Purple or Gold on top? Purple UOB = +336.63 UIB = +331.63 MidLine = +322.98 MidAngle = -35.28 LIB = +314.33 LOB = +309.33 Above/Below 21-day MAV = 326.12 - Below Above/Below 50-day MAV = 327.33 - Below Above/Below 200-day MAV = 296.14 - Above Color of DMA_H = Purple All Time High = +366.78 Percent = -13.91% on 07/18/2023 52 bars ago.
MSFT (closing at +316.96 down by -1.26 on the week) is now below the 21- and 55-day MAV and yet above the 200-day MAV.
Just over 7 weeks ago MSFT made a new all-time high but dropped right back down from that level...to the DMA, and now has dropped below the DMA which is now showing Purple on top.
Note, however, that we had a SunnyBands Buy signal 2 bars ago with price touching the LOB and moving up. Price was at 313.64 and is now at 315.88 for a wee bit of profit.
Last time I said: "Price dropped through the 23.6% Fib line and now is heading for the 38.2% line." And that's exactly what it did, touching the 38.2% line and bouncing back up.
A SunnyBands Sell signal was given on 09/18/23 at 326 and Thursday was at 313.64 for a potential 12+ points per share.
Now we are in a Buy signal with about 2 points potential profit in it.
On the Weekly chart price is right below the Flat DMA and below the Attractor at 320.85. The SunnyBands are narrow but I'm thinking we are in for more downside action, at least to the LIB if not the LOB. On the DMA_H we have Red bars getting shorter indicating the possibility of them decreasing down to the zero-line and breaking through to turn Purple.
Don't ever try to lead the market. It is always right.
VantagePoint shows further move upward with the high at 319 and a low of 313.77 for Monday.
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Oil
The stats for CL are:
Crude Light (CL) is up this week by again) by +0.76 points. A breakout all week, even though the 2 final days of the week were down.!
The Slope of the DMA MidLine is -3.79...Flat, denoting sideways motion.
The prior week we had a SunnyBands Buy signal that was confirmed on 08/25/23 at 79.83. With price now at 90.77 that's a potential 11+ points profit.
Price was up most of the week, against the UOB, until Thursday. We had one Red candle that gave a SunnyBands Sell signal and it was confirmed on the next bar. Now we are in a Sell signal.
On the Weekly it looks like price is still going up, even though the Daily chart is now short. The overhead Attractor now lies at 92.33.
Now it looks like we could put in a corrective wave A-B-C.
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 : 09/29/2023 04:21pm Symbol "@BTC", Bar Type = Daily Last Close = +27,100 : the close Friday was at +27,100. Change from last Sunday (+/-) (+26,780) = +320 Purple or Gold on top? Purple UOB = +28,447 UIB = +27,900 MidLine = +27,012 MidAngle = 83.01 LIB = +26,124 LOB = +25,578 Above/Below 21-day MAV = 26574.29 - Above Above/Below 50-day MAV = 27857.30 - Below Above/Below 200-day MAV = 26989.20 - Above Color of DMA_H = Green All Time High = +71,225 Percent = -61.95% on 11/10/2021 474 bars ago.
The Internet says the sharp down movement on 08/18/23 is "due to unpredictable macroeconomic headwinds and the recent fallouts in the U.S banking system." To me it was just the technical fulfillment of the SunnyBands Sell signal.
BTC is now in a Buy signal from 09/13/23 at 26,205 with price now at 27,090 has a potential profit of 885 points per share.
BitCoin on the Weekly chart is moving sideways on the Gold DMA, and it's right at the Flat DMA, meaning more congestion is in order. The DMA is Flat and on the DMA_H red is showing and about to crossover the zero-line. That means to me that lower prices are coming.
Still, on the Monthly, price is now below the Purple DMA, which has a slightly negative Slope, and is sitting right on the next Attractor.
We are a long way from the all-time highs of 70,000 during the irrational exhuberance phase.
On Thursday and Friday the market was up in a bounce off the LIB and it's now sitting right on the Flat DMA.
In the after-hours session BTC is up 270 points to 27,370.
Bitcoin has been very choppy on the Daily chart, with lots of congestion. Nevertheless, on the DMA_H the bars on the Histogram are Green and getting shorter. That tends to lead to crossing the zero-line and turning Gold with higher prices following.
On the Daily chart, we got a Buy signal on 06/18/23 at 26,445 and exited on 06/28/23 at 30,480 for just about 4,000 points potential profit.
The signal currently in effect is a Buy on 09/13/23 at 26,205. With price now at 27,090 that is a potential profit of about 885 points.
Week before last I said: "BTC is right at a strong Attractor at 28,374 that might hold price up. If it breaks that level we are likely going on down to 26,303." And it is went beyond that level and now back up slightly with Green showing in the DMA_H.
In our Podcast interview with Ted Hearne, he pointed out that the stock market is going down and Bitcoin is going sideways. He believes that shows strength in BitCoin. Check it out.
Ethereum
The stats for Ethereum are:
Created : 09/29/2023 04:22pm Symbol "ETHUSD", Bar Type = Daily Last Close = +1,667.14 : the close Friday was at +1,667.14. Change from last Sunday (+/-) (+1,591.07) = +76.07 Purple or Gold on top? Purple UOB = +1,731.89 UIB = +1,697.05 MidLine = +1,642.72 MidAngle = 46.94 LIB = +1,588.40 LOB = +1,553.56 Above/Below 21-day MAV = 1616.90 - Above Above/Below 50-day MAV = 1711.63 - Below Above/Below 200-day MAV = 1721.27 - Below Color of DMA_H = Green All Time High = +4,867.81 Percent = -65.75% on 11/10/2021 492 bars ago.
In the after-hours market ETHUSD is up 10.26 points to 1,677 after having dropped precipitously along with BTC at the end of a week ago. They are both up on the week.
The Daily chart shows that ETHUSD had been in a sideways channel since March and last week was less than half the way up. Now it has ticked back up into the yellow rectangle channel.
On the DMA_H we have lots of Green bars indicating that it could pass through the zero-line and head into Gold territory. Price then would work its way back up through the yellow zone and touch the UOB which lies at 1,731.89.
The 200- and 55-day MAVs are coincident near the UOB which is another reason that price could go there to test that level this week.
Purple is on top with the DMA_H showing Green lines below the zero-line, moving upward. This could portend movement up through the zero-line and turning Gold.
To get further insight we'll look at the Weekly chart next. Price is, like on the Daily, inside the yellow rectangle. For price to move up in this configuration it needs to plow through the 21-period MAV on its way up and probably touch the UIB at 1,849.
Gold
The stats for Gold are:
Created : 09/29/2023 04:24pm Symbol "@GC", Bar Type = Daily Last Close = +1,866.1 : the close Friday was at +1,866.1. Change from last Sunday (+/-) (+1,945.6) = -79.5 Purple or Gold on top? Purple UOB = +1,968.5 UIB = +1,951.4 MidLine = +1,922.4 MidAngle = -83.42 LIB = +1,893.5 LOB = +1,876.4 Above/Below 21-day MAV = 1936.12 - Below Above/Below 50-day MAV = 1951.12 - Below Above/Below 200-day MAV = 1985.98 - Below Color of DMA_H = Purple All Time High = +2,277.8 Percent = -18.07% on 09/06/2011 3040 bars ago.
Gold.
Gold is down sharply this week, down -79.5 points. We got a SunnyBands Sell signal on 09/05/23 at 1,952.6 and with price now at 1,864 that's 88 points of potential profit. Price is sitting right on a Strong Attractor which could hold it up, or if it pierces it much farther downn.
VantagePoint has been correctly predicting this movement all along for weeks. They suggest the market will move down again tomorrow with a predicted high of 1,872 and low of 1,861.
In the after-hours market tonight price is down by -2.7 points.
Take a look at the prediction from Glenn Neely in this issue which portends significant further down moves in Gold.
On the Monthly chart we are just in a sideways channel with price just below the Flat DMA. Slope is -1.97. In all likelihood price will move farther down unless price bounces on the DMA (be nimble: it could do it).
As I said earlier, it has been reported that the Central Banks are buying gold and that should elevate price in the coming months.
Bonds
The stats for @US are:
Bonds are down -3.1250 on the week taking yields even higher. The DMA_H turned Green and then Purple and then Green and again Purple (now it is showing Green) again and price is now BELOW a long-term Attractor at 113^30 that could cause price movement to falter and churn, speaking to congestion. Further, the DMA is moving sharply downward with Purple on top and Green showing on the DMA_H.
On the Daily chart we spent the last few weeks moving below the Purple DMA. And on down to the LOB. And below! This past week price moved down and is sitting right on the LOB.
The Fed Spoke on 09/20/23 which caused price to move upward and then sharply downward. The Fed's news was not well received.
On the Monthly chart the US is now below the Strong Attractor mentioned last time. That's foreboding. Price goes down as interest rates move up. And it looks like on a monthly basis we are still headed down.
There is another Attractor on the Monthly chart at 108^31 which could be the next level down if interest rates are again raised.
There are several "Fed member speaks" occasions in the next week.
Back to the Daily chart: Price is now above the LOB with a Blue Candle which is a Buy Signal that has now been confirmed to produce a Buy signal at 113^25.
VantagePoint is predicting an UP day for tomorrow with the high at 114^25 and the low at 113^01.
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