Sunday December 17, 2023 VOLUME 7 ISSUE 48
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!
I had a 15-minute "Live Demo" of both books, a week or so ago. Here's the link so you can get a quick overview of what's in them.
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: near zero).
>>> INTERESTED?? . DAILY SIGNALS . FROM "SUNNY SIDE OF THE STREET" . 12 SYMBOLS ... QUICK POSITIONS AND ALERTS . ISSUED 5 DAYS A WEEK . sunny@moneymentor.com
>>> To Get YOUR DAILY SIGNALS EMAIL from Sunny Side of the Street Analytics, CLICK HERE .
CLICK HERE to see today's Daily Spreadsheet so you can SEE FOR YOURSELF.
Several traders have asked me to do a DAILY Live Trade Room. Are you in agreement? If you would like for me to do a DAILY Live Trade Room please let me know HERE.
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)0000
And from the dear Robin Williams:
"There's a world out there. Open a window, and it's there."
Want to see a Quick Slide Set pdf of the SunnyBands Rules I use? Click Here and become a Free Member of MoneyMentor, or if you're already a Member, just Login.
"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! I am unable to meet on the 4th in January so we will have HHH on Wednesday January 3rd 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 +37,303 Friday, up about +1,061 points on the week!! WOW, what a week. The VantagePoint prediction for Monday is for an Outside Day . The predicted high is 37,382 and the low is 37,128. That's a range of 254 points on the day.
From the MoneyMentor Glossary: OUTSIDE BAR: "An unstable pricing situation for a security or a market. There has been an unexpectedly sharp price rise or fall and a price drop (or correction) or a price jump is expected. It shows whether buyers or sellers were in control and the price may continue to rise or fall. It is dependent on whether the outside bar was up or down. "
The moving averages are contradictory again. The two longer-term averages are still above the zero-lineand heading up. The short-term average dipped back down but is still well above the zero-line. I'm thinking that is still a positive sign.
On the SunnyBands of the Dow price was strongly above the UOB and rising; now it has gone well beyond that and continued to make All-Time New Highs three days in a row. It sure acts like a 3-wave up!
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 solidly Gold on top. Price on the Monthly broke out of the congestion and broke the Attractor at 35,111 to set All-Time new highs and I think it's going even higher. It may take a break for a few days to put in a correction, but I'm voting for UP.
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 Weekly view so you can see longer term predictions. Click on the link to http://www.NEoWave.com visit his website.
This Weekly chart of the S&P 500 Index shows further movement to the upside in our future. If price hits the diagonal of the green box, that should hold it, leading the market to bounce back up.
http://www.NEoWave.com
SunnyBands Implications Dow Jones
Dow Jones
The stats for the Dow are:
The Dow finished the week at +37,309.22, up an impressive +1,061.35 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.
There are Red lines on the DMA Histogram (DMA_H) which warns me of correction movement potential. There was a Buy signal on 11/03/23 at 34,061 and with price now at 36,247 it has 2,186 points of potential profit in it. That's not a given however, it's just a cautionary message to be alert. 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 would be fair. Here's what it looks like. Every night you get the current positions, effective for the next day. Last time I said: "The DMA_Histogram is above 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 sell signals since Gold is on top the whole time. The slope of the DMA is now at a sharp +87 degrees, showing the obvious: the market it going up. The next upside target is overhead at 37,542 at the Attractor. The next upside target above that is at 38,239. The next downside target is at 36,434./p> Previously I said: "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." And boy was it broken! 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. But this time they did, in exhuberance about perceived Fed loosening in 2024. The DOW made all time new highs 3 times this week! 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 Created : 12/15/2023 05:45pm Symbol "@ES", Bar Type = Daily Last Close = +4,768.00 : the close Friday was at +4,768.00. Change from last Sunday (+/-) (+4,660.25) = +107.75 Purple or Gold on top? Gold UOB = +4,772.86 UIB = +4,738.42 MidLine = +4,676.06 MidAngle = 4676.06 LIB = +4,613.70 LOB = +4,579.26 Above/Below 21-day MAV = 4647.02 - Above Above/Below 50-day MAV = 4497.48 - Above Above/Below 200-day MAV = 4441.43 - Above Color of DMA_H = Gold All Time High = +5,030.50 Percent = -5.22% on 01/04/2022 491 bars ago.
There are Red lines on the DMA Histogram (DMA_H) which warns me of correction movement potential.
There was a Buy signal on 11/03/23 at 34,061 and with price now at 36,247 it has 2,186 points of potential profit in it. That's not a given however, it's just a cautionary message to be alert.
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 would be fair.
Here's what it looks like. Every night you get the current positions, effective for the next day.
Last time I said: "The DMA_Histogram is above 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 sell signals since Gold is on top the whole time.
The slope of the DMA is now at a sharp +87 degrees, showing the obvious: the market it going up.
The next upside target is overhead at 37,542 at the Attractor. The next upside target above that is at 38,239. The next downside target is at 36,434./p>
Previously I said: "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." And boy was it broken!
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. But this time they did, in exhuberance about perceived Fed loosening in 2024. The DOW made all time new highs 3 times this week!
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
The ES was strong this week, up +107.75 this week to close the week at +4,768.00. A week ago the ES and Dow both screamed upward, this week has been nothing if not a strong follow-through.
The Fibonacci Attractor overhead is at 5,087, with 5,030 being the all-time high.
In the overnight market this evening the @ES is trading up +3.25 points at 4,771.50.
The ES is well above the up-sloping DMA with Gold on top. BUT, the DMA Histogram is showing Red and declining. This is an early alert that the market direction 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 Signal that was confirmed on 10/31/23 at 4,265. Now we are at 4,771 for a potential profit of 506 points.
Note that the ES is $50 per point and that projects to $25,300 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.
Have YOU had your Free Trial of Sunny's Indicators yet? If NOT, CLICK HERE to get it started!
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 with 4/5 Bullish.
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 Dir (direction). With that LOTS of stocks show up with Gold on top and Bullish. The list goes on and on as a confirmed Bull Market is in progress. The Red stocks are "was down, now up". That implies that they will turn to Gold soon. None show on this figure as there are so many that are now Bullish. 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 881 stocks that meet the conditions this week (245 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 881 stocks that qualify, while there were only 245 last week. It's turning more Bullish as the number increases.
Stocks
Created : 12/15/2023 05:52pm Symbol "META", Bar Type = Daily Last Close = +334.92 : the close Friday was at +334.92. Change from last Sunday (+/-) (+332.75) = +2.17 Purple or Gold on top? Gold UOB = +344.58 UIB = +337.95 MidLine = +327.44 MidAngle = 327.44 LIB = +316.92 LOB = +310.29 Above/Below 21-day MAV = 331.49 - Above Above/Below 50-day MAV = 322.43 - Above Above/Below 200-day MAV = 278.67 - Above Color of DMA_H = Gold All Time High = +384.33 Percent = -12.86% on 09/01/2021 576 bars ago.
META was up this week by +2.17 points to land at +334.92. If you'll look at the numbers just above you'll see that it is still down -13% 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 and now price is at 335.0 for a clear 32.34 points of potential profit. Imagine that on 100 shares in about a month.
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 above all 3 MAVs. The 3 MAVs are in the proper order so there is no Golden Cross or Death Cross at this time.
From the looks of the chart, it's just forever sideways. But, on closer inspaection we see that it is slowly and steadily rising since July.
Looking at the Monthly chart tells me it has been going sideways for 6 months and is now on the rise. To me that makes me think it wants to break upward. There is an Attractor at 382 and the immediate one below at 300.
META has been stagnant in its movement since mid-July but it has started to take off. Last time I said: "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." And that's what it's doing.
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 17 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 just above the Flat DMA. The Slope indicator is now somewhat above the zero-line at +23 degrees. We made it above zero and while the movement is slight, it is clearly UP.
Last week was just an exercise in patience as price snuck above the Flat DMA and put in 3 idenical candles going nowhere.
You'll see what I mean by "patience" if you come to my Live Trading Room.
We are above all 3 MAVs, which is the beginning sign of Bullishness. It looks to me like price, which is now right above the Flat DMA, is going to continue its upward movement to the Attractor at 507/ That's about 17 possible points.
There is a Strong Attractor above current price, at 542. If NVDA continues and moves back upward that would be another 70 or so points up.
A SunnyBands Buy signal occurred on 12/05/23 at 465.66. Price is now at 489.15 for a cool +23 points of potential profit in about a month. Imagine that on 100 shares! 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 gained +0.14 points on the week resting below 100 at +96.75.
We are in a SunnyBands Sell signal from 104.30 generated by the downdraft starting on 11/20/23. That's a cool 7.55 points of potential profit in a few days.
Price is now sitting below the Purple DMA, above the LIB and pointing downward. It doesn't look good for SBUX. I need to buy more coffee to help prompt these poor people up..
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 : 12/15/2023 05:51pm Symbol "HUM", Bar Type = Daily Last Close = +461.46 : the close Friday was at +461.46. Change from last Sunday (+/-) (+481.62) = -20.16 Purple or Gold on top? Purple UOB = +518.65 UIB = +508.41 MidLine = +491.38 MidAngle = 491.38 LIB = +474.34 LOB = +464.10 Above/Below 21-day MAV = 492.98 - Below Above/Below 50-day MAV = 499.94 - Below Above/Below 200-day MAV = 490.48 - Below Color of DMA_H = Purple All Time High = +571.30 Percent = -19.23% on 11/03/2022 280 bars ago.
HUM has entered a violent, choppy, sideways period, since 10/18/23. It is still gyrating. Nevertheless, we had a SunnyBands Sell signal on 11/28/23 at 510.45, and with current price at 461.46 has almost 49 points of potential profit in it. Imagine that with 100 shares, in just over 2 weeks!
In the news: "Managed-care provider Cigna Group on Sunday announced a massive stock buyback, amid a report that it has abandoned its bid to buy rival Humana Inc."" And then later today announced that the buy out is defunct. That will show in Monday's action of HUM.
This week we are down by -20.16 points, which puts price below the downsloping trendline and nearly at the lower Attractor.. Purple is on top on the DMA and Purple bars are showing in the DMA_H.
The Slope indicator is now solidly negative. I'm thinking this could be a sign of impending up motion coming in the next couple of days.
On the Monthly chart price is in a long Pennant formation with price dipping below the apex of the Pennant. Looks to me like price sould continue on down to the Attractor at 426.82.
AMZN
The stats for AMZN are:
Created : 12/15/2023 05:49pm Symbol "AMZN", Bar Type = Daily Last Close = +149.97 : the close Friday was at +149.97. Change from last Sunday (+/-) (+147.42) = +2.55 Purple or Gold on top? Gold UOB = +151.33 UIB = +148.52 MidLine = +144.03 MidAngle = 144.03 LIB = +139.54 LOB = +136.73 Above/Below 21-day MAV = 146.47 - Above Above/Below 50-day MAV = 138.90 - Above Above/Below 200-day MAV = 125.05 - Above Color of DMA_H = Red All Time High = +188.65 Percent = -20.50% on 07/13/2021 612 bars ago.
Let's look first at the Monthly chart to get the bigger picturs. We have risen above the Flat DMA (which has Green showing in the DMA_H) and price appears to want to go up. The Monthly Attractor overhead is at 185.93,. With current price at 149.97 that could clear 35+ points of profit if it rises to the Attractor.
Now to the Daily. The all-time high is at 185.93, and though there are lots of Fib retracements along the way, I think that's where we are going.
Price was up on the week, by +2.55 points, settling at +149.97.
Last time we were in a SunnyBands Buy signal from 10/27/23 at 127.74. With price now at +149.97 we have gained over 22 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 several points beyond that!
The DMA_Histogram is Red, indicating a waning of excitement and a potential for upcoming sell signals. Be aware!
On the Monthly chart we are sitting right above 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 lower 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 : 12/15/2023 05:57pm Symbol "TSLA", Bar Type = Daily Last Close = +253.50 : the close Friday was at +253.50. Change from last Sunday (+/-) (+243.84) = +9.66 Purple or Gold on top? Gold UOB = +252.87 UIB = +245.87 MidLine = +233.97 MidAngle = 233.97 LIB = +222.06 LOB = +215.06 Above/Below 21-day MAV = 240.04 - Above Above/Below 50-day MAV = 233.40 - Above Above/Below 200-day MAV = 226.06 - Above Color of DMA_H = Gold All Time High = +414.50 Percent = -38.84% on 11/04/2021 531 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 +9.66 this week and now is sitting at +253.50, above the Gold DMA with Gold bars showing on the DMA_H. Last time I said: "Chances are this was a sideways 4-wave which is going to resolve to the upside in a 5th wave up." And that's what it did.
If I had to guess I'd say we just finished a 3-wave and entered a sideways 4-wave. We may have just broken out of the 4-wave to the upside in what should be a 5-way up. The next week will be very telling.
There was a SunnyBands Buy signal on 11/21/23 at +241.20. We are now at 253.32 for a cool 29+ points of potential profit.
Slope is strongly positive and Green, Price is just now above it's local Attractor and looks to be heading on up.
The Regression Channel around current price movement has not yet been broken. We are right at the high of the channel and it looks like price will break above it.
We entered a Buy signal on 11/21/23 at 241.20 and price is now above that at 253.32 for about 12 points 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 last 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 : 12/15/2023 05:53pm Symbol "MSFT", Bar Type = Daily Last Close = +370.73 : the close Friday was at +370.73. Change from last Sunday (+/-) (+374.23) = -3.50 Purple or Gold on top? Gold UOB = +383.63 UIB = +378.24 MidLine = +369.95 MidAngle = 369.95 LIB = +361.67 LOB = +356.28 Above/Below 21-day MAV = 374.18 - Below Above/Below 50-day MAV = 355.71 - Above Above/Below 200-day MAV = 324.73 - Above Color of DMA_H = Red All Time High = +384.30 Percent = -3.53% on 11/29/2023 12 bars ago.
MSFT (closing at +370.73 down by -3.50 on the week) is now below the 21-day MAV, which is potentially Bearish.
Price has curved downward since its Sell signal on 12/01/23 at 374.51 and is now exhibiting a Flat slope and price is right at the DMA.
We have 4.66 points of potential profit in this trade.
Don't ever try to lead the market. The Market is always right.
VantagePoint predicts a higher day for Monday, but not by much. The predicted high is at 374.27.
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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 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 up this week by -+0.22< points and closed at +71.78.
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 Attractor at 72.47 where we have bounced around all week.
The Sell signal came at 77.10 on 11/22/23. We are currently at 72.07 for about 5 points of potential profit.
On the Weekly price is now below the DMA and the DMA_H is 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 : 12/15/2023 05:01pm Symbol "@BTC", Bar Type = Daily Last Close = +42,440 : the close Friday was at +42,440. Change from last Sunday (+/-) (+44,910) = -2,470 Purple or Gold on top? Gold UOB = +45,096 UIB = +43,428 MidLine = +40,812 MidAngle = 40812.00 LIB = +38,196 LOB = +36,528 Above/Below 21-day MAV = 40415.00 - Above Above/Below 50-day MAV = 36287.30 - Above Above/Below 200-day MAV = 31268.28 - Above Color of DMA_H = Red All Time High = +72,205 Percent = -41.22% on 11/10/2021 528 bars ago.
BitCoin was down -2,470 points on the week (to +42,440).
The week was largely up in a week of higher prices. It would appear it's recovering, as 70,000 gets closer.
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 jut dropped -1,245 points to 41,195. So I think the upward move is over? No. I still think we'll move up.
(If you want the Slope Indicator click here and let me know.)
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 47,813 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 in a sideways channel every day this week. Now in the after-hours market it has dropped to the Flat DMA where it is currently sitting.
I'm hanging on to my Etherium!
On the Daily chart, we got a Sell Signal on Wednesday that was confirmed on Thursday.
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 (as it is now) @gc 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 : 12/17/2023 01:36pm Symbol "@GC", Bar Type = Weekly Last Close = +2,035.7 : the close Friday was at +2,035.7. Change from last Sunday (+/-) (+2,014.5) = +21.2 Purple or Gold on top? Gold UOB = +2,131.2 UIB = +2,074.4 MidLine = +1,989.0 MidAngle = 1989.00 LIB = +1,903.6 LOB = +1,846.8 Above/Below 21-day MAV = 1983.89 - Above Above/Below 50-day MAV = 2008.74 - Above Above/Below 200-day MAV = 1980.16 - Above Color of DMA_H = Gold All Time High = +2,269.5 Percent = -10.30% on 08/07/2020 175 bars ago.
Gold.
Gold closed Friday at +2,035.7, up +21.2 points on the week.
In a dramatic retracement, Gold sent began a correction to its current up move that took it back to the UOB in a Sell signal that was confirmed the next day.
Further, Price now has the potential of retracing to the DMA at +2,026.2.
Price went right to the 61.8% retracement, and then dropped back off it in honor of the Resistance. And now it's about to touch the UIB with the DMA Histogram showing Red bars, which tells me that I should watch for Short signals.
VantagePoint has been correctly predicting this movement all along for weeks. They suggest the market will move down more 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 down below the DMA.
Bonds
The stats for @US are:
Created : 12/15/2023 05:47pm Symbol "@US", Bar Type = Daily Last Close = +123.78125 : the close Friday was at +123.78125. Change from last Sunday (+/-) (+119.00000) = +4.78125 Purple or Gold on top? Gold UOB = +122.57293 UIB = +121.23404 MidLine = +118.80455 MidAngle = 118.80 LIB = +116.37506 LOB = +115.03617 Above/Below 21-day MAV = 118.19 - Above Above/Below 50-day MAV = 114.33 - Above Above/Below 200-day MAV = 122.98 - Above Color of DMA_H = Gold All Time High = +185.18750 Percent = -33.16% on 03/09/2020 952 bars ago.
Bonds are up strongly by +4.78125 0on the week to close at +123.78125 on Friday. Price is above the Gold DMA which is moving nicely upwardt, at +26.0 degrees. Gold is showing strongly on the DMA_Histogram (DMA_H) and is above the UOB and climbing.
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 +123.78125.
We are above all 3 MAVs now.. This is bullish for Bonds and bearish for interest rates.
We are currently in a Buy signal on 11/14/23 at 109^31 and with price now at ++123.78125 that's just about 14 points of potential profit.
Wouldn't you rather have these Signals every day instead of at the beginning of the next week? Sure would make timing easier. If you have any interested in this service, CLICK HERE to let me know.
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. The Fed has signaled that they may be moving rates down in 2024. But, I'm not counting on it. Price moved strongly on the recent announcement and could do the same thing in March.
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 DMA which has Purple on top but is Flat. The current candle is bullish and shows a Buy signal on SunnyBands.
There is another Attractor on the Monthly chart at 128^26 which is the next level up on the Monthly.
VantagePoint is predicting another Up day for tomorrow with the high at 124^21.
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