Sunday January 21, 2024 VOLUME 8 ISSUE 04
The Definitive Guide to TradeStation's EasyLanguage & OOEL Programming--Vol I: Programming Guide and Vol II: Reference Guide NOW AVAILABLE on Amazon.com. Go to www.easylanguageooel.com, register as a Free Member and I'll send your FREE indicators right away!
To view the Tables of Contents and more information about the books, CLICK HERE to go to the website.
I had a 15-minute "Live Demo" of both books, a week or so ago. There's the link so you can get a quick overview of what's in them.
The BRAND NEW "Trade Along with Sunny" live trading room is NOW open every trading day! CLICK HERE TO SUBSCRIBE. Imagine being able to follow along in Live Trading with Sunny!
If you would llike to attend Trade Along with Sunny on Wednesday at 9am PT, here's a Free Link.
Over the first 3 weeks we have profited by $5,111 in the hour-long trading room each day. Join us by Clicking just above where it says CLICK HERE TO SUBSCRIBE.
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 tthis sample Daily Spreadsheet so you can SEE FOR YOURSELF.
Several traders have asked me to do a DAILY Live Trade Room. So I'm doing it! Starting Tuesday January 2, 2024 (Monday is a holiday) I will be trading live for you to join in the fun. Let's start the New Year out right. DAILY 9am Pacific time. SUBSCRIBE HERE. (BTW, in the first 3 weeks of 2024 we have made $5,111 trading for just one hour each day.
Here's the equity chart so far. I'll update it every week.
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.
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: Gene Inger, 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! we will have the next HHH on Sunday February 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 have a great time and share liberally on the 4th of evey month. 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 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.
Before we get into the meat of SSS, take a look at this chart:
Look how often price stumbles at the Natural Numbers lines. I have had this indicator for a long time, but just recently started using it again. I'm showing a different symbol every week so you can see the pattern.
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 are 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 Gene Inger, 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 +37,863.80 Friday, uup +270.82 points on the week. The VantagePoint prediction for Monday is for a higher day with a bit of exploration above new all-time highs.
The predicted high is 38,016 with the low at 37,680.
The two longer term moving averages are right at the zero-line with the short-term climbing rapidly above it.
On the Monthly chart (see below) we are still above the Attractor drawn weeks ago. Out of the congestion and into positive territory. This is a"danger" area with monthly prices very near the UOB though moving upward. It certainly looks like we are heading upward, but I still keep the support levels in mind.
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.
Glenn is on vacation this week, so this is last time's chart.
http://www.NEoWave.com
SunnyBands Implications Dow Jones
Dow Jones
The stats for the Dow are:
$INDU was up by 270.82 this week and now is sitting at 37863.80.
We made another All-Time High on Friday of this week with a 395 point up bar recovering from a slump earlier in the week. Price is now sitting firmly above the Flat DMA and is possibly encountering resistance just at the current level. It could congest for a bit. And yet, with the strength behind this move it could continue on up. I'm still Bullish.
There was a Buy signal on 11/03/23 at 34,061 and with price now at +37,863.80 it has 3,802 points of potential profit in it! I'm watching carefully for a reversal while remaining long. If it holds, the UOB is at 38,105. That wouldn't surprise me at all. 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. Every Day! This one has been updated through today. The longer term charts ( Weekly, Monthly) look like they could be poised for further movement upward. The next Fibonacci Attractor above is at 39,245. We could easily do just that. The slope of the DMA is now pegged at 84.75 degrees on the Daily and shows no signs of waning. Last time I said: "The next upside target is overhead at 37,542 at the Attractor. [It met that!] The next upside target above that is at 38,239. The next downside target is at 36,434. And clearly we met the objective and exceeded it. I drew an Orange trendline on the chart showing where I expect it to go. Previously I said: "Notice the down-sloping trendline I've drawn on the monthly percent change chart: we now are above the trendline AND the Attractor that lies at 35,111 and yet I am alert for a break of that line and a move downward. Nevertheless, I'm expecting upward movement now. 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. I'll stay with the Bull until and unless we change to Congestion or Bear. 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 4 times in the last weeks! It looks like we have finished wave 4 and are now headed for higher highs as we work on wave 5. As we get toward 40,000 we will likely congest while attempting to get above another Natural Number. The Podcasts of Gene Inger, 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 : 01/19/2024 04:07pm Symbol "@ES", Bar Type = Daily Last Close = +4,869.50 : the close Friday was at +4,869.50. Change from last Sunday (+/-) (+4,816.50) = +53.00 Purple or Gold on top? Gold UOB = +4,883.70 UIB = +4,846.10 MidLine = +4,788.60 MidAngle = 4788.60 LIB = +4,731.11 LOB = +4,693.51 Above/Below 21-day MAV = 4798.61 - Above Above/Below 50-day MAV = 4698.72 - Above Above/Below 200-day MAV = 4514.75 - Above Color of DMA_H = Gold All Time High = +5,030.50 Percent = -3.20% on 01/04/2022 514 bars ago.
There was a Buy signal on 11/03/23 at 34,061 and with price now at +37,863.80 it has 3,802 points of potential profit in it! I'm watching carefully for a reversal while remaining long. If it holds, the UOB is at 38,105. That wouldn't surprise me at all.
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. Every Day! This one has been updated through today.
The longer term charts ( Weekly, Monthly) look like they could be poised for further movement upward. The next Fibonacci Attractor above is at 39,245. We could easily do just that.
The slope of the DMA is now pegged at 84.75 degrees on the Daily and shows no signs of waning.
Last time I said: "The next upside target is overhead at 37,542 at the Attractor. [It met that!] The next upside target above that is at 38,239. The next downside target is at 36,434. And clearly we met the objective and exceeded it.
I drew an Orange trendline on the chart showing where I expect it to go.
Previously I said: "Notice the down-sloping trendline I've drawn on the monthly percent change chart: we now are above the trendline AND the Attractor that lies at 35,111 and yet I am alert for a break of that line and a move downward. Nevertheless, I'm expecting upward movement now.
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. I'll stay with the Bull until and unless we change to Congestion or Bear.
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 4 times in the last weeks!
It looks like we have finished wave 4 and are now headed for higher highs as we work on wave 5. As we get toward 40,000 we will likely congest while attempting to get above another Natural Number.
The Podcasts of Gene Inger, 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
@ES was up by 53.00 this week and now is sitting at 4869.50.
The ES put in a New High this week. Not an ATR, but a local high for this and last years. I'm looking for it to break the ATH.
The ATH (All Time High) is at 5,030 overhead. I'm often asked "when" will it happen? That I can't answer, I don't have Carolyn Boroden's software (Robert Miners' Dynamic Trader) that calculate Fibonacci retracements and extensions in price and time.
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 11.50 points to 4,881.0.
The ES gave a SunnyBands Buy signal last week that was confirmed. It came on 01/08/24 at 4,081.25.
Note that the ES is $50 per point and that projects to $39,425 potential profit so far in this signal. (See why I primarily trade the ES?)
And here's an image of Reports coming soon! How about THIS indicator??
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 Bullish long-term and in congestion short-term.
RadarScreen of Stocks
Here again, back by popular demand, is my RadarScreen of S&P 500 Stocks:
The RadarScreen shown here is sorted by PHW. With that LOTS of stocks show up with many Bearish readings with a smattering of Gold. The Red and Purple on this Figure tell me we could easily get a bit of a correction. And, to top it off, many are showing Red Bullish "was down now up." 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 119 stocks that meet the conditions this week (317 last week), this is a another decrease over last week iindicating a continued slowing of momentum. You could now check out these symbols against the RadarScreen figure above to see which of these has the highest PHW for trading.
Stocks
Created : 01/19/2024 04:50pm Symbol "META", Bar Type = Daily Last Close = +383.45 : the close Friday was at +383.45. Change from last Sunday (+/-) (+374.49) = +8.96 Purple or Gold on top? Gold UOB = +380.92 UIB = +373.79 MidLine = +384.36 MidAngle = 361.63 LIB = +349.47 LOB = +342.34 Above/Below 21-day MAV = 359.43 - Above Above/Below 50-day MAV = 342.80 - Above Above/Below 200-day MAV = 296.50 - Above Color of DMA_H = Gold All Time High = +384.36 Percent = -0.24% on 01/19/2024 0 bars ago.
META was up by 8.96 this week and now is sitting at 383.45.
Last time I said: "If you'll look at the numbers just above you'll see that it is nearing its All-Time High now in a nice move up last week, from the DMA right up to the UOB. The ATH is at t occurred at 384.33 which I'm hoping is a near-term goal. That about 10 points room to go. I think this because of the ES Fib projections. If the ES goes up to the extensions so will META. Likewise, if META goes there so will the ES." And that's just what they did.
We got a SunnyBands Buy signal on 10/30/23 at 326.59 and now price is at 383.45for a clear 56 points of potential profit per share. Imagine that on 100 shares in about 6-weeks
On my "Natural Numbers" chart (shown above) TSLA moves just like the rest, up to 340, down to 320, back up to 340 and then on to 360. It's a bit amazing what this indicator shows..
If you want the SunnyBands signals 5 days a week instead of just at the beginning of the week, LET ME KNOW. Here's where you SUBSCRIBE.
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.
Last time I said: "From the looks of the chart, it's just on up from here. It looks like we could be in the throws of a 5-wave that could go to the Attractor above at 381." And now we have conquered that level and are movin' on up.
Looking at the Monthly chart tells me it is just marching on upward to the Attractor at 385. We don't have far to go. Gold is well on top on the DMA_H with climbing Gold bars. Very bullish..
On the Weekly chart price had been moving inside the SunnyBands channel going upwards in a nice steady climb. Last time I said: "This past week took it above the UOB where it could move on up, hugging the bands." And that's just what it has done.
NVDA: Nvidia Corp.
NVDA was up by 47.81 this week and now is sitting at 594.91. Remember, 600 is a "Natural Number" on my charts.
What a week! Last week +56 points and this week another +47!
Previously I said: "On the Weekly chart NVDA is still basically Flat with a hint to the downside impending. We're moving in a sideways channel. Nevertheless, we are inches from a New All-Time High. I'm banking on NVDA moving up and out of this channel." And it certainly did go up! On the Weekly it's one more big up bar breaking through the UOB soundly. And treating us to another new ATH.
There is nothing more important to a trader's skills than patience!
Last time I said: "The All-Time High (ATH) is at +553.46. That leaves us just 6 points left to take a swat at the ATH." And that's just what it did, and better, closing the week at 594.76.
Further, the Fibonacci lines I've had on the chart show the 23.6% extension has been met. The Fib line is at 594.60 and we inched above it to 594.76!
You'll see what I mean by "patience" if you come to my Live Trading Room. Remember, it is NOW AVAILABLE every day. 9:00am PT trade live every day with Sunny.
We are well above all 3 MAVs, which is certainly Bullish. Last time I said: " It looks to me like price, which is above the recently Flat DMA, is going to continue its upward movement to the Attractor at 507. That's about 16 more possible points." And NVDA beat that by another 10 points. AND well beyond.
A SunnyBands Buy signal occurred on 12/05/23 at 465.66. Price is now at 594.76 for a cool +129 points of potential profit in about 6 weeks. 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 was up by 1.88 this week and now is sitting at 93.86.
Price is now sitting below the Flat Purple DMA, and above the LOB and LIB. That's a positive sign. The next Attractor down was at 92.53 and it was met and exceeded. And now it is rising from that level. It has not (yet) penetrated the lower Attractor at 89 and may not.
Drawing a trendline from the low of 10/03/23 through the low on 11/01/23 and extending it to the right, we can see that current price is right at that trendline's current level. The question now is whether it will hold or break through.
Price has made several attempts to rise to the DMA, but each time didn't make it. SBUX could easily drop on down below 90, by meeting resistance at the trendline, The preferred direction, at least to me, is for this current "Buy-Almost" signal to break above the Flat DMA and Confirm the Buy signal.
If you are interested in getting these signals DAILY in addition to Once a Week, please let me know. (And be sure to tell me what you are interested in.)
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 in in the live markets.
HUM
The stats for HUM are:
Created : 01/19/2024 04:49pm Symbol "HUM", Bar Type = Daily Last Close = +401.53 : the close Friday was at +401.53. Change from last Sunday (+/-) (+438.71) = -37.18 Purple or Gold on top? Purple UOB = +483.13 UIB = +469.94 MidLine = +447.38 MidAngle = 447.38 LIB = +424.81 LOB = +411.62 Above/Below 21-day MAV = 451.08 - Below Above/Below 50-day MAV = 475.32 - Below Above/Below 200-day MAV = 485.96 - Below Color of DMA_H = Purple All Time High = +571.30 Percent = -29.72% on 11/03/2022 302 bars ago.
HUM was down by -37.18 this week and now is sitting at 401.53.
HUM tried week before last to get above the Flat DMA, but after two tries capitulated and moved back down to the LOB. BUT, we had a SunnyBands Sell signal on 11/28/23 at 510.45, and with current price at 402.11 has over 108 points of potential profit in it. Imagine that with 100 shares, in just about 6 weeks!
Note, in analyzing this chart, that since the SunnyBands Sell signal price has not closed above the Purple DMA. That's why SSS is still short.
Last time I said: "Price is right now sitting above an Attractor at 427 which might hold further downside action. "It could." But again, it might not. If price drops below the Attractor it's on down to the next Attractor at 427." Now it's at 402.11 and I am of a mind that it could dip lower to the Attractor below at 354.39.
The Slope indicator was flat just briefly and turned back down into sharply negative territory. Last time I said: "I'm thinking this could be a sign of impending up motion coming in the next couple of days. Why? Because the slope has rarely gotten that negative and I expect an overall market bounce through the next week." All of that happened at the same time. The overall market went up, and HUM tried to go up, hit the Purple DMA and dropped. It happened, but it happened very quickly.
We don't have a new SunnyBands signal since the Sell on 11/28/23. Still holding.
AMZN
The stats for AMZN are:
Created : 01/19/2024 04:47pm Symbol "AMZN", Bar Type = Daily Last Close = +155.34 : the close Friday was at +155.34. Change from last Sunday (+/-) (+154.62) = +0.72 Purple or Gold on top? Gold UOB = +156.53 UIB = +154.03 MidLine = +150.11 MidAngle = 150.11 LIB = +146.19 LOB = +143.69 Above/Below 21-day MAV = 151.96 - Above Above/Below 50-day MAV = 148.43 - Above Above/Below 200-day MAV = 131.08 - Above Color of DMA_H = Gold All Time High = +188.65 Percent = -17.66% on 07/13/2021 634 bars ago.
AMZN was up by 0.72 this week and now is sitting at 155.34.
Let's look first at the Monthly chart to get the bigger picture. Price has risen to the UIB and is now testing it for a potential rise to the UOB at 165.07.
Keep in mind that the DMA has turned slightly upward and the DMA_H is Green and getting shorter. Slope is a positive 49 degrees and we are above all 3 MAVs. That speaks to more upside action. It won't be a new ATH, but it will certainly be a Local High.
Now to the Daily. The all-time high is at 188.65, and though there are lots of Fib retracements along the way, I think that's where we are going.
We are still in a SunnyBands Buy signal from 10/27/23 at 127.74. We have gained over 27 points of potential profit so far.
Remember, those who have lessons with me, if Gold is on top in the DMA and the Slope is rising, I don't buck the trend.
Back to the Daily chart.
The DMA_Histogram is now Gold as price rises, and price needs to take off to keep it Gold. It has risen to the overhead Attractor and is only inches from a true local high.
TSLA
The stats for TSLA are:
Created : 01/19/2024 05:20pm Symbol "TSLA", Bar Type = Daily Last Close = +212.19 : the close Friday was at +212.19. Change from last Sunday (+/-) (+218.89) = -6.70 Purple or Gold on top? Purple UOB = +244.66 UIB = +238.37 MidLine = +227.34 MidAngle = 227.34 LIB = +216.31 LOB = +210.02 Above/Below 21-day MAV = 238.49 - Below Above/Below 50-day MAV = 237.49 - Below Above/Below 200-day MAV = 231.68 - Below Color of DMA_H = Purple All Time High = +414.50 Percent = -48.81% on 11/04/2021 553 bars ago.
TSLA was down by -6.70 this week and now is sitting at 212.19.
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. Every time the price dips Wood buys more. Several other pundits I keep track of are suggesting a much higher price also.
TSLA was down again and is now is sitting below the LOB on the Daily chart. We could move up from here, but more to the point we could certaining move down from here as well.
If we move down, price is likely to drop to the Attractor below at 194. If we move up, the likelihood is the DMA. SunnyBands users: check you charts for the value of the DMA.
Last time "we had 2 red candles dipping below the UOB which constitutes a valid Sell signal. The DMA is Flat on the daily chart and there is only about a point to get to the DMA so I'm not a seller yet. Then price closed below the DMA, which activated the Sell Signal on 01/04/24 at 238.45. With current price at 212.19 that's 26 points per share so far. Not bad!
If you were allocating shares purchased by fixed-dollar trading (let's say you invest $5,000 in every trade regardless of the stock price) then you would invest in 41 shares of TSLA.
Looks like Hertz selling 20,000 rental EVs, makes the EV market is weak. Last time I said: "But I do expect it to rally after hitting the Attractor at 211.18. That means I think we have a bit farther to go on the downside." It did drop this week.
There was a SunnyBands Sell signal on 12/29/23 at 248.48. It is still in effect. In fact, at this juncture we have 26 points of potential profit in the short.
Slope is very negative though it has stalled a bit and attempted to turn upward. Purple is clearly on top with no slowing.
The Regression Channel around current price movement is now showing price right at the Linear Regression Line itself (in the center). From this we could infer that price will continue downward.
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 a few weeks ago 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. I haven't yet seen one on the road, though in San Diego roads and freeways I see about 10% of the cars are Teslas.
Seems to me people should be flocking to Teslas with gas prices high still. It is now back down to $4.339/gal in my neighborhood. When I drove up to Santa Monica a 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 : 01/19/2024 04:52pm Symbol "MSFT", Bar Type = Daily Last Close = +398.67 : the close Friday was at +398.67. Change from last Sunday (+/-) (+388.47) = +10.20 Purple or Gold on top? Gold UOB = +397.35 UIB = +392.33 MidLine = +398.67 MidAngle = 383.40 LIB = +374.47 LOB = +369.45 Above/Below 21-day MAV = 378.47 - Above Above/Below 50-day MAV = 374.78 - Above Above/Below 200-day MAV = 336.71 - Above Color of DMA_H = Gold All Time High = +398.67 Percent = -0.00% on 01/19/2024 0 bars ago.
MSFT was up by 10.20 this week and now is sitting at 398.67.
Last time I said: "Price was struggling to get past the Flat DMA and had been riding the DMA like a freight train. The tracks have been sideways for many days. With Gold on top, on Monday 01/08/24 price Closed above the DMA which gave a SunnyBands Buy signal at 374.69." And look at it go! Up over 10 points this week!
We have about 22 points of potential profit in this trade so far.
Looking at my Natural Numbers chart I see that price is now playing with 390.0, using it both support and resistance. We'll need to break to the next levels (390 or 380) to confirm a direction.
With all the Attractors, Fib lines and Trendlines at the current price level I'm thinking that the next wave is up. Now, this disagrees with the DMA_H which is Red and about to drop below the zero-line, but I'm sticking my neck out here and saying I think we are going to go up to break above the 390 line and continue on up. Maybe we'll stumble a bit at this Natural Number, but it could just as easily power on up.
Don't ever try to lead the market. The Market is always right.
VantagePoint predicts another up day for tomorrow, but not by much. The predicted high is at 400 and the low at 396.
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Oil
The stats for CL are:
@CL was up by 0.65 this week and now is sitting at 73.25.
Price is sitting (?permanently) below the DMA with Purple on top. I say "permanently" because it has been in that position for about 3 weeks. A bit of up and down, but as yet no progress.
The most recent low is at 9.00. Now that's a LOW! (But there was a negative number in the past that causes my slope indicator to go wonky since you can't take the LN of a negative number. I'll fix that this week.)
Despite all squawking about raising prices and cutting production, our prices are still staggering under the Flat DMA with Purple on top. That tells me to WAIT, until we either have a breakdown or price closes above the DMA.
The Sell signal came at 71.77 on 12/28/23 and closed on 01/05/24 for about 2 points of potential profit. We now have some of the components of a Buy signal, but not all. We have had several breaks above the LIB and LOB, but since the DMA is Flat and Purple, I'll wait until the close above the DMA.
On the Weekly, price is also below the Purple DMA. With both timeframes in this position, my outlook is pretty negative.
Biden, Putin and Netanyahu will decide where price is going next. More war; less war? 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 : 01/19/2024 04:06pm Symbol "@BTC", Bar Type = Daily Last Close = +41,585 : the close Friday was at +41,585. Change from last Sunday (+/-) (+43,690) = -2,105 Purple or Gold on top? Purple UOB = +48,253 UIB = +46,260 MidLine = +43,256 MidAngle = 43255.50 LIB = +40,251 LOB = +38,258 Above/Below 21-day MAV = 43968.10 - Below Above/Below 50-day MAV = 42255.60 - Below Above/Below 200-day MAV = 33748.32 - Above Color of DMA_H = Purple All Time High = +72,850 Percent = -42.92% on 11/10/2021 553 bars ago.
@BTC was down by -2,105 this week and now is sitting at 41,585 (as of Friday).
In the after-hours session BTC is down another -330 to 41,255.
We are gelow the Purple DMA with Purple bars on the DMA_H, below the zero-line. Slope is negative and price is below both the 21- and 55-day MAVs but above the 200-day. It looks to me llke it will dip down to the LIB just below.
The drop seems largely due to the onset of BitCoin ETFs, of which there are now 11 that have been approved by the SEC. Cathie Wood's ARCB is one of them. As with most IPOs it opened high and has dropped both days since its inception. It is a good idea for those who can invest $50 but not $50,000. It will make the market more volatile but doesn't the underlying need to be behind the ETF?
And, to me, the big news this week is that TradeStation is closing its spot crypto currencies operation. I closed my ETHUSD at a profit. Now I need an ETHUSD broker.
The week was largely sideways with the DMA being Flat. Price has bounced around for 3 weeks, now moving sideways zigzagging off the DMA.
The Weekly chart is also moving sideways, for the last 5 candles. Gold is on top and still has a positive slope. That's somewhat Bullish.
(If you want the Slope Indicator click here and let me know.)
To get DAILY signals of these changes, CLICK HERE.
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.
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) and the DMA slope is positive, I don't take short trades unless the spread between the DMA and LOB is sufficent to make a good profit.
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 : 01/19/2024 04:08pm Symbol "@GC", Bar Type = Daily Last Close = +2,029.3 : the close Friday was at +2,029.3. Change from last Sunday (+/-) (+2,051.6) = -22.3 Purple or Gold on top? Gold UOB = +2,096.6 UIB = +2,073.4 MidLine = +2,038.0 MidAngle = 2038.00 LIB = +2,002.6 LOB = +1,979.4 Above/Below 21-day MAV = 2047.96 - Below Above/Below 50-day MAV = 2030.88 - Below Above/Below 200-day MAV = 2014.31 - Above Color of DMA_H = Red All Time High = +2,298.4 Percent = -11.71% on 09/06/2011 3116 bars ago.
@GC was down by -22.3 this week and now is sitting at 2,029.3.
@GC made a retreat followed by a rise of 9$ this week as it reached for the UIB. It did not yet make it, but I'm in the market.
Gold.
Price spent the week first up and down spiraling around the DMA. Now price has submitted to the 21-day MAV and dropped below it. It is still above the other 2 MAVs, but not by much. If we drop beneath those two it's down to the LOB at 1,985.
VantagePoint has been correctly predicting this movement all along for weeks. They suggest the market will move up tomorrow to a high of 2063.87 with a predicted low of 2044.40.
Take a look at the prediction from Glenn Neely in a previous issue which portends significant further up moves in Gold.
On the Monthly chart we have had slow movement, but it continues to ride above the (barely) Gold DMA. This view seems like it wants to drop to the DMA, which is at 1,958.
Bonds
The stats for @US are:
Created : 01/19/2024 04:09pm Symbol "@US", Bar Type = Daily Last Close = +120.00000 : the close Friday was at +120.00000. Change from last Sunday (+/-) (+122.87500) = -2.87500 Purple or Gold on top? Purple UOB = +125.00687 UIB = +123.95687 MidLine = +122.20345 MidAngle = 122.20 LIB = +120.45003 LOB = +119.40003 Above/Below 21-day MAV = 122.98 - Below Above/Below 50-day MAV = 120.33 - Below Above/Below 200-day MAV = 121.99 - Below Color of DMA_H = Purple All Time High = +185.18750 Percent = -35.20% on 03/09/2020 977 bars ago.
@US was down by -2^28 this week and now is sitting at 120^00.
In the overnight session, @US is at 120^22 up 22/32.
Bonds are moving down now as interest rates are expected to stagnate or go lower? That's the same old news and now they are reacting? We'll see what the Fed says January 30-31. Either way it goes, it should be exciting.
To me this says "the street" is factoring in possibly higher interest rates.
VantagePoint says we're going down tomorrow: predicted high of 120^17 and low of 119^03.
We are below the 21-day MAV and the 200-day MAV. But we are above the 55. That's a Death Cross.
We are currently in a Sell signal from 01/02/24 at 123^26 and with price now at 120^22 that's just about 3.125 points of potential profit. (Times 31.25 per contract.)
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.
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. Prices moved strongly on the recent announcement and could do the same thing at the end of January. And if rates go up we'll see a strong reaction. While if they stay the same or move down we could also easily see a strong reaction.
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 Flat DMA which has Purple on top but is Flat. The current candle is bullish and shows a Buy signal on SunnyBands. Since the DMA is Flat and Purple is on top I'm not interested yet. Price must reveal itself by pushing above the DMA on a closing basis OR fall from the overhead pressure.
There is another Attractor on the Monthly chart at 128^26 which is the next level up on the Monthly and is right at the DMA. Will it push on upward penetrating the DMA? Will it be repelled?
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