Sunday December 03, 2023 VOLUME 7 ISSUE 46
The Definitive Guide to TradeStation's EasyLanguage & OOEL Programming--Vol I: Programming Guideand Vol II: Reference Guide NOW AVAILABLE on Amazon.com. Go to www.easylanguageooel.com, register as a Free Member and I'll send your FREE indicators right away!
This coming week I will be having a 15-minute "Live Demo" of both books, right before the live trading room (TAWS). So, be there early on Wednesday and we will start at 06:45am Pacific and do a briefing on the books. Be there! Please. LINK:
>>> FREE OFFER: Both books FREE with purchase of SunnyBands. Expires 11/30/2023.
Take a look at the NEW Slope Indicator on these charts. Green when it's moving up, Red when it's moving down, Yellow highlights when it's sideways (Flat).
>>> INTERESTED?? . DAILY SIGNALS . FROM "SUNNY SIDE OF THE STREET" . 12 SYMBOLS ... QUICK POSITIONS AND ALERTS . ISSUED 5 DAYS A WEEK . sunny@moneymentor.com
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ALL NEW! Announcing Daily Alerts from this Newsletter? Please let me know it you would like to receive DAILY UPDATES on the Signal Status of the Symbols in this newsletter. By the time each Sunday rolls around the SunnyBands Signals could be nearly a week old. If you want to know when the signals appear, let me know that you'd be interested if I do it, to SSS Daily. To see the Spreadsheet, CLICK HERE.
"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: Hima Reddy, Brad Matheny, Alexander Elder, William Eng, 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!
More Sunny Harris interviews: Podcasts with Etienne Crete's Desire to Trade (#2). 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 Monday December 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.
>>FREE Replay of Live Trading Room (Trade Along with Sunny)
>>FREE Trial of Sunny's Most Powerful Indicators. Click Here. You have 7 (calendar) days to watch it and learn! I can only take 20 trials per month and all start on a Monday. Get your request in early.
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.
PLEASE REPLY: I have been asked to look at other symbols besides ES in Trade Along with Sunny. Here's your chance to let your wishes be known. Do you want to see other symbols, and if so WHAT symbols? Comment Here.
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 personally will have another Zoom call with you during the Trial to walk you through trading them in the Live Markets. It's True White Glove Service.
"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 Hima Reddy, Brad Matheny, Dr. Alexander Elder, William Eng, 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. I listen to Podcasts while I trade! You don't have to just sit there and do nothing else; listen to our 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. I just posted the Live Demo to YouTube.
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 . MONDAY DEC 4 at 1:15pm Pacific . ASK QUESTIONS . SHARE STORIES
VantagePoint ai Prediction for Tomorrow
Click There to attend a Free informative presentation.
The Dow closed at +36,245.50 Friday, up about +855.35 points on the week in a dramatic show of bullish impetus. The VantagePoint prediction for Monday is for a sideways day with a higher high and higher low. The predicted high is 36,497 and the low is 36,177. That's a range of 320 points on the day.
The moving averages are all above the zero-line and heading upward. The short-term average is slowing down a bit as the other two averages approach it.
On the SunnyBands of the Dow price (on the Monthly) is right at the (narrowing) Upper Outer Band (UOB) where it appears to the unwashed technicians that it will breakk out. To me it looks equally likely to break to the upside as to retrace back down to the DMA.
On the Monthly chart (see below) we have broken out of the congestion and apparently out of the danger area. Gold is still on top on the DMA and is now beginning to slope upward. This speaks to continued bullishness. See the DOW, below, to get the rest of what I think about it.
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 chart is a Monthly view so you can see longer term predictions. Click on the link to http://www.NEoWave.com visit his website.
This Monthly chart of T-Notes shows a little progress to the upside followed by further downside action to come. Notes go down, interest rates go up. This will be interesting.
http://www.NEoWave.com
SunnyBands Implications Dow Jones
Dow Jones
The stats for the Dow are:
The Dow finished the week at +36,245.50, up +855.35 points for the week.
Previously I said: "There is a long Head & Shoulders pattern on the daily chart that projects the next movement to be above 36,000." And indeed it happened.
Notice the 3 MAVs on the chart. The 21- and 200-day MAVs are coincident. Price is above all 3 MAVs. Notice on the chart that there is a Blue trendline. This is one of my Indicators, and eminates from the Highest High on the chart. Also notice that the line is sloping downward, but not by a whole lot. We are nearing a new all-time high. The trendline is originating on 01/06/22 at 36,934.
Previously I said: "Purple is on top for now but the DMA_Histogram lines are Green and getting shorter, which could easily turn to Gold and Bullish." And now they have. Gold is on top in the DMA as well as the Histogram.
There was a Buy signal on 11/03/23 at 34,061 and with price now at 36,245.50 it has 184 points of potential profit in it.
When this SSS comes out on Sunday night, you will have all the Current Signals. But, they are only for the next day. Would you like to have these Positions and Signals EVERY DAY? I'm thinking about offering a Daily Update to SSS, but only if enough people are interested. ARE YOU INTERESTED? IF so, please let me know HERE. This is not a subscription yet, it's just for me to find out who's interested. And, please tell me what price point you would think is fair.
Here's what it looks like. Every night you get the current positions, effective tomorrow.
Last time I said: "The DMA_Histogram is abaove the zero-line and is Gold and turning up. It is more likely to get longer (only if price goes up) and continue the motion. BUT if price drops from here it will generate a Sell signal." And up it went, right on through all resistance!
And the DMA_Histogram turned back to Gold after issuing sell alerts, but no sells.
We got a SunnyBands Sell signal on 09/15/23 that was confirmed at 34,624. It closed on 10/05/23 with 1,505 points of potential profit. We closed the Buy signal from 33,119.67 at 33,414 for 295 points of potential profit.
The previous sell signal got 486 points of potential profit before being reversed to a long signal.
The slope of the DMA is now at a sharp +87 degrees, showing the obvious: the market it going up.
In a Facebook post 2 weeks ago 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. We shall see. The market broke the 21-period MAV last week and appears to be heading on up despite any trendlines to the contrary.
The next upside target is overhead at 36,839 at the Attractor. The next downside target is at 34,022 where we have both an Attractor and the DMA. 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 next.
Notice the down-sloping trendline I've drawn on the monthly percent change chart: we now are above the downsloping trendline though a bit flat. The UOB is restricting at the moment, but is likely to be broken to the upside.
Note that I had a Bear at the top of this newsletter for a while and then I changed it to a Bear dueling a Bull. With the strong results from the last couple of weeks we are entering a Bull market, and I've included a picture of the Miami Bull commissioned by TradeStation. It's an amazing work and I though you'd like to see it.
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 01/05/22 at 36,952 and we look to be heading there, though very slowly and waiting for this movement to resolve.
If you count waves like I do, it appears we are in a 3-wave with its gaps and rapidity. If that's true, then there will be a 4-wave and it will take us down to about 35,335. That would not be surprising. But, I don't know where the top of the 5th wave is, it could even go into an extended 5-wave and only time and diligence will tell.
The Podcasts of Hima Reddy, Brad Matheny, William Eng, 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. And after that whom would you like to see next?
S&P 500
In contrast to the DOW, the ES was up only +32.50 this week to close the week at +4,600.75. The Dow screamed up and the ES went sideways. The next overhead Attractor on the ES lies at 4,688. That's 84 points. In a really good week we can make that goal, Again, on the wave count it looks like we could have a bit of a correction in a 4-wave, but the 3-wave might not be over yet.
The Fibonacci Attractor overhead is at 5,018, which is the all-time high.
In the overnight market this evening the @ES is trading down -3 points at 4,524.
The ES is well above the up-sloping DMA now with Gold on top. BUT, the DMA Histogram is showing Red and declinine. This is an early alert the the market directioon is weak and could turn. Not that it WILL, but it's a get ready for anything alert.
The current SunnyBands signal is a Buy that popped above the LIB on 10/31/23 at 4,212 and continued right upward. Price is above the UOB siightly at 4,694 for a potential of 482 points potential profit per contract so far.
Note that the ES is $50 per point and that projects to $24,100 potential profit so far in this signal. (See why I primarily trade the ES?)
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.
I hear you saying that makes sense to me, but what does this chart say? Look in the SDMA and Dir columns. Purple means Purple is on top in the DMA; Gold means Gold is on top; Green means Purple is on top but price is likely changing direction; Red means Gold is on top but price is likely getting ready to go down.
The signals in this display are telling me that the market is trying to go on up.
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 PHW. Notice that the R_DMA is showing lots of symbols that have been going down but are now turning upward. The Red stocks are "was down, now up". That implies that they will turn to Gold soon. Very few of the symbols listed show up in Green or Purple. To get yours, jump to 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 430 stocks that meet the conditions this week (90 last week), this is a huge 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.
Note that this week there are 430 stocks that qualify, while there were only 90 last week. It's turning more Bullish as the number increases.
Stocks
Created : 12/02/2023 01:17pm Symbol "META", Bar Type = Daily Last Close = +324.82 : the close Friday was at +324.82. Change from last Sunday (+/-) (+338.23) = -13.41 Purple or Gold on top? Gold UOB = +342.79 UIB = +337.36 MidLine = +327.82 MidAngle = 327.82 LIB = +318.28 LOB = +312.85 Above/Below 21-day MAV = 329.10 - Below Above/Below 50-day MAV = 317.26 - Above Above/Below 200-day MAV = 270.90 - Above Color of DMA_H = Red All Time High = +384.33 Percent = -15.48% on 09/01/2021 566 bars ago.
META was down this week by -13.41 points to land at +324.82. If you'll look at the numbers just above you'll see that it is still down -15.48% since its all-time high. That occurred at 384.33 which I'm hoping is a near goal. That gives it a lot of room to go. I think this because of the ES Fib projections I mentioned above. It the ES goes up to the extensions so will META.
We got a SunnyBands Buy signal on 10/30/23 at 302.66 for a clear 31.54 points of potential profit.
If you want these signals 5 days a week instead of just at the beginning of the week, LET ME KNOW. It's not available yet by subscription; I'm just taking a survey.
Price is below the 21-day MAV but above the other two. If it moves down as the signal suggests then it will soon touch the 55-day MAV as well. I'm hoping price will bounce off the DMA, or at least the LIB, and continue upward. If that doesn't happen and it continues downward it is likely to touch the LOB at 312.46. That's another 12 points down.
From the looks of the chart, it's just forever sideways. until the last 2 weeks, when it started moving out of the sideways period and going slightly up and then sideways to down again. I still isn't out of trouble.
The Monthly chart is even more revealing with 4 months of sideways action followed by improved performance this month.
There is a Strong Attractor above at 382 which could easily be the next target. But I'm guessing it will take about 3 months to get there.
META has been stagnant in its movement since mid-July. In classic Technical Analysis we could call this a lateral Flag which is typically resolved in the direction of the flagpole, which in this case would mean UP.
The overhead Attractor lies at 382-388 which would be a very nice run up! About 50 points.
On the Weekly chart price has been moving inside the SunnyBands channel going sideways for about 16 weeks. It could go either way, but I'm voting for UP, on a breakout of the Flag.
NVDA: Nvidia Corp.
I hope you profit from the analysis.
NVDA is moving along sideways and is now sitting on top of the Flat DMA. The Slope indicator is now below the zero-line slightly at -10 degrees, which is down but just beyond Flat. The DMA_Histogram is showing Red and getting shorter. These taken together are bearish signals, but we got a SunnyBands Sell signal last week on 11/22/23 at 487.16. Price is now at 468.10 for a potential profit of 19 points per share.
Last week was moving up nicely but had not yet posted a new all-time high, so the next movement is in question. Will we break out of the sideways channel and make new highs or will we retrace back down to the lower edge of the channel?
We are above the 55- and 200-day MAVs, but below the 21-day MAV, which is the beginning sign of bearishness. It looks to me like price, which is now below the Flat DMA, is going to continue on down to the LOB, which lies at 445. That's another 25 points or so down.
There is a Strong Attractor above current price, at 542. If NVDA turns around and moves back upward that would be another 70 or so points up.
A SunnyBands Buy signal occurred on 11/01/23 at 423.25 and price is right now at 493.60 for a potential profit of over 70 points per share. Think about that! Shouldn't you be trading with SunnyBands? Free 7-day Trial with White Glove installation and orientation Zooms with Sunny personally.
Now let's consider this coffee company: SBUX (Starbucks).
The stats for SBUX are:
SBUX lost -3.58 points on the week resting below 100 at +99.20.
We are now in a SunnyBands Sell signal from 104.30 generated by the downdraft starting on 11/20/23.
This Sell signal now has 5 points of potential profit in it.
Price is now sitting right on the LOB and on the DMA_H Purple is now on top. Slope is below the zero-line at -6.47 degrees. That's certainly not steep, but looks more Flat visually. There was an Attractor at 98.35 supporting current price which has been tested by the lows of Friday. Price is below the 21- and 200-day MAVs, in a Death Cross. And that's Bearish.
If you are interested in getting these signals DAILY in addition to Once a Week, please let me know.
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 : 12/02/2023 01:17pm Symbol "HUM", Bar Type = Daily Last Close = +495.21 : the close Friday was at +495.21. Change from last Sunday (+/-) (+518.26) = -23.05 Purple or Gold on top? Purple UOB = +532.06 UIB = +519.95 MidLine = +501.18 MidAngle = 501.18 LIB = +482.40 LOB = +470.29 Above/Below 21-day MAV = 498.27 - Below Above/Below 50-day MAV = 502.00 - Below Above/Below 200-day MAV = 491.58 - Above Color of DMA_H = Purple All Time High = +571.30 Percent = -13.32% on 11/03/2022 270 bars ago.
HUM has entered a violent, choppy, sideways period, since 10/18/23. While the SunnyBands are moving in a sideways channel, price itself has been moving rapidly back and forth between them, from the UOB to the LOB and back again. That's impossible to trade.
This week we are down by -23.05 points, which puts price below the Flat DMA and resting on the LIB. Purple is on top on the DMA but the Purple bars below the zero-line, but the bars are small, indicating current indecision.
The Slope indicator, however, while still below the zero-line, has turned upward (green). I'm thinking this could be a sign of impending up motion coming in the next couple of days.
On the Monthly chart the long-term Linear Regression line of price is just moving steadily upward at about 30 degrees of slope. This current sideways action has not deterred the Linear Regression line's progress. To my mind HUM is still in for more long-term upward progress.
AMZN
The stats for AMZN are:
Created : 12/02/2023 01:16pm Symbol "AMZN", Bar Type = Daily Last Close = +147.03 : the close Friday was at +147.03. Change from last Sunday (+/-) (+146.74) = +0.29 Purple or Gold on top? Gold UOB = +147.94 UIB = +145.82 MidLine = +142.14 MidAngle = 142.14 LIB = +138.47 LOB = +136.35 Above/Below 21-day MAV = 143.94 - Above Above/Below 50-day MAV = 134.94 - Above Above/Below 200-day MAV = 122.44 - Above Color of DMA_H = Red All Time High = +188.65 Percent = -22.06% on 07/13/2021 602 bars ago.
The all-time high is above us at 185, which is still a long way up. The UOB lies at +147.94. Current price (Friday) was +147.03. We could easily make it to the UOB, but the DMA is almost Flat and Purple is on top. These conditions will need to be broken to make more movement to the upside.
Price is slightly above the Flat DMA on the Daily chart. 11
Price was up on the week, by+0.29 points, settling at +147.03.
Last time we were in a SunnyBands Buy signal from 10/27/23 at 127.74. With price now at +147.03 we have gained over 19 points of potential profit.
Remember, those who have lessons with me, if Gold is on top in the DMA and the Slope is rising, don't buck the trend.
We are still in this Buy signal waiting for more information. As long as Gold is on top and price is hugging the UOB, I looks long to me.
Gold is on top and price is right at the UOB, though slowing its movement upward. There is an Attractor overhead at 150.13 (Fib retracement) that could easily be the next target.
Previously I said: "If I had to guess, I'd say that price will make a run for the UIB at 135." And that's what happened. It even did better than that. And now it's 12 points beyond that!
The DMA_Histogram is Red, indicating a waning of excitement and a potential for upcoming sell signals.
On the Daily chart price is riding right at the top edge of the chart, but that is not the high we are looking for. It's just a scaling issue. The Attractor above at 185 beckons. An Inverse Head-and-Shoulders pattern is evident. A fast rise to the Attractor would satisfy the H&S guidelines.
On the Monthly chart we are sitting right on the Flat DMA with Purple on top. If price breaks below the Monthly DMA then we are looking at the possibility of lower prices, down as fars as 211, the next Attractor. If it bounces where it is, it will likely bounce around a bit and then continue on up, at least to the UOB at 163.31.<.p>
TSLA
The stats for TSLA are:
Created : 12/02/2023 01:18pm Symbol "TSLA", Bar Type = Weekly Last Close = +238.83 : the close Friday was at +238.83. Change from last Sunday (+/-) (+235.45) = +3.38 Purple or Gold on top? Gold UOB = +286.19 UIB = +265.93 MidLine = +233.76 MidAngle = 233.76 LIB = +201.60 LOB = +181.34 Above/Below 21-day MAV = 242.65 - Below Above/Below 50-day MAV = 211.05 - Above Above/Below 200-day MAV = 211.71 - Above Color of DMA_H = Red All Time High = +414.50 Percent = -42.38% on 11/05/2021 108 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 many months ago. Several other pundits I keep track of are suggesting a much higher price also.
Reading is my thing. I read at least 2 and sometimes 3 books a week. Right now I'm reading "Elon Musk" by Walter Isaacson, the noted biographer. IT's an excellent book and very insightful into why Elon is the way he is.
It also shows the similarities between Elon and Steve Jobs. Both extremely successful, if mercurial, entrepreneurs. To my mind, if you want to be wildly successful you need to do whatever it takes. If it's sleeping under your desk and working 24 hours in a row, so be it. If it's setting aggressive deadlines and getting everyone involved to follow along, then so be it.
I've slept under my desk plenty of times, worked 18 hour days MANY times to get to where I am. Trading is a very difficult profession and one that takes not only guts, but stamina. Set your goals high and do whatever it takes to achieve them is my motto. IF you can't do whatever it takes, you are in the wrong profession.
TSLA was up by +3.38 this week and now is sitting at +238.83, right at the Flat DMA. Chances are this was a sideways 4-wave which is going to resolve to the upside in a 5th wave up.
Price touched the 38.2% Fib line this week, only to fall back from that level. Price, notably, is still above all 3 MAVs which is Bullish. The DMA Histogram is Red but is above the zero-line and still strong. The Slope indicator, however, is turning down (red) and is almost to the zero-line which would put it in negative terribory. At this point it looks like price will continue down to touch the DMA at 228 and then bounce back upward.
If I had to guess I'd say we just finished a 3-wave and entered a sideways 4-wave. If that's true, we are in for the 5th wave to take us to the next Attractor at 278.49. That's another few points up if it happens. That would be $54.78 total points per share of potential profit at that level.
There was a SunnyBands Buy signal on 11/13/23 at +223.71. We closed the Buy signal on xx at xx to enter a Sell signal which now has xx points of potential gain.
Monday to Tuesday was a nice gap day but was followed by the rest of the week being sideways. A Red candle dipped below the UOB on 11/17/23, which is a Sell Setup, and it was confirmed the next day at 234.30.
We entered a Sell signal on Thursday at 240.08 and price is slightly below that for just under 1 point of potential profit.
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. But again, there's lots of room available on the downside, too.
The Tesla Cyber Truck was released this week to indifferent reaction. It has been too long anticipated and was no longer news. Further, the super futuristic design may not be easily accepted by many as it "doesn't look like a truck." There is always public reluctance to accept a new idea, and this is no different.
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).
We interviewed Louis Navellier for our Podcast recently. 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 : 12/02/2023 01:17pm Symbol "MSFT", Bar Type = Daily Last Close = +374.51 : the close Friday was at +374.51. Change from last Sunday (+/-) (+377.43) = -2.92 Purple or Gold on top? Gold UOB = +381.98 UIB = +377.25 MidLine = +369.61 MidAngle = 369.61 LIB = +361.97 LOB = +357.24 Above/Below 21-day MAV = 369.70 - Above Above/Below 50-day MAV = 344.71 - Above Above/Below 200-day MAV = 318.79 - Above Color of DMA_H = Red All Time High = +384.30 Percent = -2.55% on 11/29/2023 2 bars ago.
MSFT (closing at +374.51 down by -2.92 on the week) is still above all 3 MAVs. This is very Bullish. Despite that configuration we got a SunnyBands Sell signal on Thursday. Usually I won't take these signals when Gold is on top in the DMA, but this time the DMA is Flat. thus, I would take a short position expecting it to only go to the DMA (at 369.85). With price at that signal at 378.91 that's almost 9 points, so to me it's worth taking. I would put a stop in at the DMA to capture the profit. If it closes lower than the DMA, then I'm interested in shorting again.
Previously I said: "Now it is making up for lost time by stretching back up toward the UOB and the Attractor overhead at 366." And it broke the Attractor by 3 points to the upside! And now it's up to 369.67!
And, as of tonight, it's still in upward motion longer term. We are at 374.38.
Note, however, that we had a SunnyBands Sell signal that was confirmed on Thursday at 378.91. We are down 4.4 points from that for a potential profit in that amount.
Don't ever try to lead the market. The Market is always right.
VantagePoint predicts an outside day on Monday. The predicted high is 378.24 with the low at 372.05 for a range on the day of 6.19 points.
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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 Louis Navellier.
Oil
The stats for CL are:
Crude Light (CL) is continuing its march downward as it crossed the Flat DMA and continued on down to the LOB.
Price was down this week by -1.47 points and closed at +74.07.
Who thought we would see those prices again?
Despite Saudia Arabia's promise of decreasing production to drive prices up, our prices are continuing to go down. However, at this point we have reached a Strong Attractoe at 72.47 that just might hold prices at that level.
Previously I said: "Friday's price touched the trendline on a red candle which is an alert that Monday might confirm the Sell signal." And Monday last week did confirm the Sell Signal. And we remain in a Sell which is doing well.
Last time I said" "...there is a potential Buy signal at Thursday's candle. We shall see if it's confirmed tomorrow." And it didn't so we continued with the Sell signal. For now.
On the Weekly price is now below the DMA and the DMA_H is now Purple and below the zero-line. Last time I said: "It appears ready to drop through the zero-line and turn Purple. Then it's on down from there." And that's what's happened. We are still well above historical prices.
Regular gasoline at the pump in my neighborhood is "down" to $5.29/gal. Why is crude price going down and the price of gas stays so high?
Putin and Netanyahu 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 : 12/02/2023 01:15pm Symbol "@BTC", Bar Type = Daily Last Close = +39,225 : the close Friday was at +39,225. Change from last Sunday (+/-) (+38,575) = +650 Purple or Gold on top? Purple UOB = +40,073 UIB = +38,826 MidLine = +36,951 MidAngle = 36951.00 LIB = +35,076 LOB = +33,829 Above/Below 21-day MAV = 37429.29 - Above Above/Below 50-day MAV = 33303.90 - Above Above/Below 200-day MAV = 30428.35 - Above Color of DMA_H = Purple All Time High = +72,205 Percent = -45.68% on 11/10/2021 518 bars ago.
BitCoin was up +650 points on the week (to +39,225).
The week was largely sideways in an effort to absorb the recent up moves. Congestion is normal. It happens more than trends do.
If I weren't writing this in the evening on Sunday when the after-hours market is open, then I wouldn't know this: but BTC has just produced a gap up to 41,240. Fantastic! Breaking 40,000 is a big deal. Let's see what happens next. I'm still long crypto.
Time before last I said: "The DMA is Flat and on the DMA_H Gold is showing and has crossed above the zero-line but just barely. That means to me that higher prices are coming." And they are doing just that.
Still, on the Monthly, price is right at the 50% line on the Fibs, which could be a point of hesitation in the longer-term. There is a very Strong Attractor at 45,467 which is likely the next target as it attempts to test the level.
We are a long way from the all-time highs of 70,000 during the irrational exhuberance phase. But I think we'll get there.
Bitcoin, on the Daily, just moved sideways every day this week. Now in the after-hours market it has broken out of that level on a gap.
Prior to this week has put in new local highs taking us as high as 36,575. And now we are up to 41,415!
I'm hanging on to my Etherium!
On the Daily chart, we got a Sell Signal on Thursday that was confirmed on Friday and contraverted on Monday. At that point it reversed to a Buy signal at 34,765. And we are still in the Buy signal with 13,995 points of potential profit.
Don't you wish you were getting all these signals? Two options: 1. Interested in Daily updates? 2. Get your own SunnyBands.
On the Daily chart if you only followed the crossovers you'd have gotten thrashed this last week. Remember that when Gold is on top and the DMA slope is positive, I don't take short trades.
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.
Gold
The stats for Gold are:
Created : 12/02/2023 01:16pm Symbol "@GC", Bar Type = Daily Last Close = +2,089.7 : the close Friday was at +2,089.7. Change from last Sunday (+/-) (+2,023.6) = +66.1 Purple or Gold on top? Gold UOB = +2,076.3 UIB = +2,057.6 MidLine = +2,024.7 MidAngle = 2024.65 LIB = +1,991.7 LOB = +1,973.0 Above/Below 21-day MAV = 2013.70 - Above Above/Below 50-day MAV = 1974.75 - Above Above/Below 200-day MAV = 2006.90 - Above Color of DMA_H = Gold All Time High = +2,298.4 Percent = -9.08% on 09/06/2011 3084 bars ago.
Gold.
Gold closed Friday at +1,984.7, up +47.0 points on the week.
In a dramatic rise, Gold sent up a Wick that rose to a high of 2,152, only to close at 2,106. To rise above the all-time high we need to get above 2,269. I have a feeling that might happen in the near future.
We are in a Buy signal from 11/14/23 at 1,966.5 and with price Friday at +2,089.7 we have 139 points of potential profit in the long signal.
Price went right to the 61.8% retracement, and then dropped back off it in honor of the Resistance.
VantagePoint has been correctly predicting this movement all along for weeks. They suggest the market will move up again tomorrow/
Take a look at the prediction from Glenn Neely in a previous issue which portends significant further down moves in Gold.
On the Monthly chart we have had some violent moves. Up to the UOB, bak down to the DMA, back up to the UOB, all the way back to the LIB. It's been hectic.
Now it looks like it wants to move up to the UOB at 2,202.
Bonds
The stats for @US are:
Created : 12/02/2023 01:16pm Symbol "@US", Bar Type = Daily Last Close = +118.15625 : the close Friday was at +118.15625. Change from last Sunday (+/-) (+114.90625) = +3.25000 Purple or Gold on top? Gold UOB = +117.57880 UIB = +116.45103 MidLine = +114.40089 MidAngle = 114.40 LIB = +112.35074 LOB = +111.22297 Above/Below 21-day MAV = 115.01 - Above Above/Below 50-day MAV = 112.92 - Above Above/Below 200-day MAV = 123.24 - Below Color of DMA_H = Gold All Time High = +185.18750 Percent = -36.20% on 03/09/2020 942 bars ago.
Bonds are up +3.25000 on the week to close at +118.15625 on Friday. Price is above the Gold DMA which is moving nicely upwardt, at +11.0 degrees. Gold is showing strongly on the DMA_Histogram (DMA_H), though it has had one Red bar.
Last time I said: "Probably price will bounce on the DMA and continue on up, at least to the UIB which lies at +116.50082." And that's what has happened. We are now, in the after-hours, at 117*27.
We are above the 21- and 55-day MAV now, but below the 200-day. So we are still in a Death Cross, which is Bearish.
We are currently in a Buy signal on 11/14/23 at 109^31 and with price now at +118.15625 that's just about 8 points of potential profit.
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The Fed Speak was not particularly eventful. THe market moved down that day and back up the following day.
Caution is advised, however, as another rate increase could still be in store, as the conditions of the economy continue to reveal themselves. Too many folks are now saying that rate increases are over--all behind us. Don't be too sure.
The Fed will Speak again the 12th and 13th of December. Will we go up in interest rates or down or hold steady? That's the big IF. No matter what the report is, we will have a reaction. Be on your toes for direction.
Personally, I take them at their word: Rates will continue to increase until inflation is below 2%. What's so hard about understanding that?
On the Monthly chart the US is now below the Strong Attractor that lies at 118^18 and is anchored on the LOB. In fact price is below the LOB. The Monthly DMA_H is once again below the zero-line but has turned Green which could be an early sign of upward pressure.
There is another Attractor on the Monthly chart at 104^11 which became the next level down if interest rates are again raised.
Back to the Daily chart: on 11/14/23 we entered a confirmed SunnyBands Buy signal from 115^14. With price now at +118.15625 that's about 3 points of potential profit in this one.
VantagePoint is predicting another UP day for tomorrow with the high at 119*01.
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