Sunday February 11, 2024 VOLUME 8 ISSUE 07
AMZN | BTC | DOW | CL | ES | ETHUSD | GC | HUM | META | MSFT | SBUX | TSLA | US
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PERFORMANCE 2024 to Date:
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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 little bit 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! Look at the Performance Chart above.
If you would like to attend Trade Along with Sunny on Wednesday at 9am PT, here's a Free Link. Good for One Visit.
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).
>>> 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. I'mgoing too take this Offer off the table soon. It's a lot of work getting signals ready every afternoon.
Several traders have asked me to do a DAILY Live Trade Room. So I'm doing it! We started Tuesday January 2, 2024 (Monday was a holiday) I and will be trading live for you to join in the fun. It's still early enough to start the New Year out right. DAILY 9am Pacific time. SUBSCRIBE HERE. (BTW, in the first 5.2 weeks of 2024 we have made $12,689 trading for just one hour each morning. )
Here's the equity chart so far. I'll update it every week. We've had no losing weeks yet.
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.
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"I just wanted to update you on how trading is going with SunnyBands. I hope I am not jinxing myself by telling you this, but I am so happy with your indicators that I wanted to share with you. From the start of the trial on 8/29 until I purchased your indicators on 9/6, my portfolio was up 28%. From the start of the trial to today, my portfolio is up 74%!!! Thank you so much for your help and your indicators!! I have so much more confidence in trading now and I am still learning!! I can only see things improving from here. Thank you so much!!!!" -Margaret K.
NEW Podcasts Dropped: Steve Nison, 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 Monday March 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 really 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 43 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 "Natural Numbers" chart:
Tonight's chart is of the DOW. Note that it "clearly says" that we "have to" get to 39.000.
EasyLanguage Forum
Want to learn EasyLanguage in 5 1-hour video sessions with the slides as well? 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 Steve Nison, 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 and Slope Indicator..
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 MAR 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 +38,671.69 Friday, up +17.27 points on the week. The VantagePoint prediction for Monday is for a slightly lower day with a bit of exploration below the UOB, toward the UIB.
The predicted high is 38,710 with the low at 38,634.
The moving averages are all 3 moving downward, but are still above the zero-line. That alone is still positive but turning potentially negative. For more information we'll get to the SunnyBands in a minute.
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.
http://www.NEoWave.com
SunnyBands Implications Dow Jones
Dow Jones
The stats for the Dow are:
$INDU was up by 17.27 this week and now is sitting at 38671.69.
The DOW took a bit of a breather this week. Monday and Tuesday were slightly down. Friday was also a Red candle and down -54.64 points.
There was a Buy signal on 11/03/23 at 34,061 and with price now at +38671.69 it has +4,610 points of potential profit in it! I'm watching carefully for a reversal while remaining long. If it holds, the UOB is at 38807.10 and I'm expecting price to venture on up to 39,000 (another "Natural Number") and after a possible stumble at that level, stretch on up to 39,511. 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. 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. The air is rhin at the top. People start taking profits. Others get scared that it's going to crash. And then there are those who start shorting. I'm still long, but I'm watching it very carefully. Get ready for anything. The Yellow Circle that I drew on this chart months ago is still valid. We are at risk to that level. In all likelihood we are moving on up, but one must always be alert to the risk. So far we've done an admirable job of taking the market up, not only out of the circle, but breaking thru the Attractor and the UOB! 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. Next it responded to the same news by going down, and then up and down. The DOW has made all time new highs 7 times in the last few 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 Steve Nison, 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 : 02/10/2024 01:40pm Symbol "@ES", Bar Type = Daily Last Close = +5,044.00 : the close Friday was at +5,044.00. Change from last Sunday (+/-) (+4,980.25) = +63.75 Purple or Gold on top? Gold UOB = +5,034.38 UIB = +4,995.01 MidLine = +5,048.50 MidAngle = 4930.80 LIB = +4,866.59 LOB = +4,827.22 Above/Below 21-day MAV = 4909.26 - Above Above/Below 50-day MAV = 4810.48 - Above Above/Below 200-day MAV = 4561.06 - Above Color of DMA_H = Gold All Time High = +5,048.50 Percent = -0.09% on 02/09/2024 0 bars ago.
There was a Buy signal on 11/03/23 at 34,061 and with price now at +38671.69 it has +4,610 points of potential profit in it! I'm watching carefully for a reversal while remaining long. If it holds, the UOB is at 38807.10 and I'm expecting price to venture on up to 39,000 (another "Natural Number") and after a possible stumble at that level, stretch on up to 39,511.
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.
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.
The air is rhin at the top. People start taking profits. Others get scared that it's going to crash. And then there are those who start shorting. I'm still long, but I'm watching it very carefully. Get ready for anything.
The Yellow Circle that I drew on this chart months ago is still valid. We are at risk to that level. In all likelihood we are moving on up, but one must always be alert to the risk. So far we've done an admirable job of taking the market up, not only out of the circle, but breaking thru the Attractor and the UOB!
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. Next it responded to the same news by going down, and then up and down. The DOW has made all time new highs 7 times in the last few 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 Steve Nison, 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 63.75 this week and now is sitting at 5044.00.
NEW ALL TIME HIGH! We blasted right through the 5,030 line where the previous ATH was.
The Yellow line from last week is the danger zone being tested. I'm hoping we blast right through that area and make that Yellow line into Support. Rignt now it is Resistance.
Keep in mind that I always use the @ES continuous contract on these charts, which is mathematically manipulated to make all the prices line up at expiration. So it's not "real" prices. When I trade, of course, I use the front month futures contract, which is currently March: ESH24. But I hardly ever look at the cash S&P.
The previous ATH (All Time High) was at 5,030 and now the ATH is Friday's High of 5,048.50. TheClose on Friday was 5,042 after settlement.
The Fibonacci Attractor overhead is at 5,104. I believe we will make it.
xxx In the overnight market this evening the @ES is trading soown -13.75 points to 4,966.50.
The ES gave a SunnyBands Buy signal recently that was confirmed. It came on 01/08/24 at 4,081.25. With us now at 5,042 that's 960.75 points. For one contract, at $50/, that's over $48,000 in this SunnyBands buy signal!
And here's an image of Reports coming soon! How about THIS indicator on TradeStation??
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.
This view is bullish as the longer DMAs are showing Gold with "//" showing. That means that in that timeframe it is bullish.
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 Gold or Green cells in the DMA column. There is a smattering of Red, but it doesn't scare me.
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. FURTHER, I now have added the condition that the Slope must be > 5. And now there are 217 stocks that meet the conditions this week (384 last week), this is a decrease over last week iindicating a bit of indecision is afoot. 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 : 02/10/2024 02:04pm Symbol "META", Bar Type = Daily Last Close = +468.11 : the close Friday was at +468.11. Change from last Sunday (+/-) (+474.99) = -6.88 Purple or Gold on top? Gold UOB = +475.38 UIB = +459.41 MidLine = +434.48 MidAngle = 434.48 LIB = +409.54 LOB = +393.57 Above/Below 21-day MAV = 407.97 - Above Above/Below 50-day MAV = 369.64 - Above Above/Below 200-day MAV = 312.01 - Above Color of DMA_H = Red All Time High = +485.96 Percent = -3.67% on 02/02/2024 5 bars ago.
META was down by -6.88 this week and now is sitting at 468.11.
Let's take a look at the monthly. (I leave you to pull it up on your computer.)
In fact it also looks just straight up. The current price level needs to be broken to the upside and then it's on up to 495. It's not very far the way things have been going.
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. There hasn't been sufficient interest in this service, so I taking the offer off the table before the end of the month.
Price is well above all 3 MAVs. Gold is showing on the DMA_H and Gold is on top in the DMA. Couldn't be much more positive. But, price is now slightly under the UOB. It is not down to the UIB yet, so it could keep going up this week.
Nevertheless, I'm en garde with respect to the near-term direction. I wouldn't be surprised to see a little backing and filling either.
And now we have conquered that level and are likely movin' on up past 500 soon!
On the Daily again, we are at a newly founded ATH and climbing. On the Histogram Gold bars ar rising. Slope is very UP. The next Fibonacci projection is at 23.6%, up at 523.
It dropped -6.88 ponts last week; what's it going to do this week??`
I'm thinking some congestion is due.
NVDA: Nvidia Corp.
NVDA was up by 59.73 this week and now is sitting at 721.33.
NVDA is still doing it! Last time I said: "What a few weeks! +56 points and then another +47 and then +15.40! Way to go! And it keeps on going! Another +51 points this week!""
And what did it do?! Up another 59 points on the week! I'll tell you this, my NVDA shares are happy.
I kind of expect a bit of a pullback on this stock also. Yet at some point this week I also expect to see NVDA reach for 725.
We are in a SunnyBands Buy signal since 12/12/23 at 476.57. So far that's a potential +244 points of profit, on 1 share! If you trade 10 it's $2,440. That's 39% on this thing so far!
There are several Fibonacci areas above current price, but the next Attractor I've drawn on the chart is at 814. If what we are in is now a 5 wave then we have more to go on the upside. It could always then go into an Extended 5, but for that we will wait and see.
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. And this week broke soundly above the Attractor I had drawn at 614.51.
Now it's 100 points above that!
Next lines in the sand: 730, 780, 815 on the upside, or 604 on the downside.
There is nothing more important to a trader's skills than patience!
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 for 1 hour 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 was a long time ago. Now we are at 721 and climbing. Next stop 814.
A SunnyBands Buy signal occurred on 12/05/23 at 465.66. Price is now at 721 for a cool +255 points of potential profit in about 8 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 4.31 this week and now is sitting at 97.30.
The SunnyBands Buy signal for last week worked out well, so far. The signal was on 02/06/24 at 95.67 and price is now at 97.22. Price is right at the UIB and lingering. I expect this to be remedied this week by a move to 99. It might experience difficulty with 100 as that's all kinds of number from squares to natural numbers to that it is the sum of the first 9 prime numbers.
Purple is on top in the DMA and has been for some time. YET, it is so close to the zero-line that it is bound to cross over in the next day or two. Slope is positive and above the zero-line (and Green) which is also bullish. There is an Attractor just ahead at 98.12 which needs to be broken. Then it's on up to the UOB at 99.86.
I'm not saying that SBUX is a long-term buy yet; just that it's not a negative and the signal isn't a Sell. If I had to guess I'd say price that will break the high of the big red bar on 01/31/24 and venture on up at least to break the UIB and possibly then move on up to the UOB.
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 the live markets.
HUM
The stats for HUM are:
Created : 02/10/2024 02:05pm Symbol "HUM", Bar Type = Daily Last Close = +370.28 : the close Friday was at +370.28. Change from last Sunday (+/-) (+378.87) = -8.59 Purple or Gold on top? Purple UOB = +405.33 UIB = +397.77 MidLine = +385.78 MidAngle = 385.78 LIB = +373.79 LOB = +366.23 Above/Below 21-day MAV = 392.36 - Below Above/Below 50-day MAV = 437.12 - Below Above/Below 200-day MAV = 475.70 - Below Color of DMA_H = Green All Time High = +571.30 Percent = -35.19% on 11/03/2022 317 bars ago.
HUM was down by -8.59 this week and now is sitting at 370.28.
Well, that was pretty dramatic. And we were in a SunnyBands Sell signal! BUT NOW, we have a SunnyBands Buy signal from 01/27/24 at 365.94. Price is right now at 370.28. So we have about 4.5 points in that trade. Purple is on top for this move and the MidLine is at 397. That's about 30 points, but I'm going to be very careful near the DMA in case it doesn't quite make it.
Price jerked down, then went sideways. It jerked down another 2 times, each followed by sideways congestion. That's what we are in right now. No matter which timeframe I look at, it doesn't look good.
BUT all is well, we had a SunnyBands Sell signal on 11/28/23 at 510.45, and with current price at 370.28 has over 141 points of potential profit in it. Imagine that with 100 shares, in just about 8 weeks! Going short.
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.
The Slope indicator is ticking upward, and is Green. It is still below the zero-line but it's trying to get there.
The DMA Histogram (DMA_H) is moving steadily up toward the zero-line with only a bit left to go. If that happens in the next few days we have reason to look for a penetration of the DMA and a Long signal.
AMZN
The stats for AMZN are:
Created : 02/10/2024 02:00pm Symbol "AMZN", Bar Type = Daily Last Close = +174.45 : the close Friday was at +174.45. Change from last Sunday (+/-) (+171.81) = +2.64 Purple or Gold on top? Gold UOB = +172.81 UIB = +169.08 MidLine = +162.88 MidAngle = 162.88 LIB = +156.68 LOB = +152.95 Above/Below 21-day MAV = 160.42 - Above Above/Below 50-day MAV = 154.00 - Above Above/Below 200-day MAV = 135.61 - Above Color of DMA_H = Gold All Time High = +188.65 Percent = -7.53% on 07/13/2021 649 bars ago.
AMZN was up by 2.64 this week and now is sitting at 174.45.
AMZN took off this week starting with a gap of 10 points. Unlike META and NVDA, this one kept going up. Yet we are still not up to the ATH at 188.65. Tkat's doable, don't you think?
We are still in a SunnyBands Buy signal from 10/27/23 at 127.74. We have gained over 46 points of potential profit so far.
Remember, those who have had lessons with me, if Gold is on top in the DMA and the Slope is rising, I don't buck the trend.
The DMA_Histogram is still Gold as price rises, but it's tentative. The DMA_H lines are flipping back and forth from Red to Gold. That's a bit of a warning that price momentum could be waning.
Slope is also positive with Green showing, which is yet another bullish sign.
Guessing? I'm voting for AMZN to work its way up to the ATH and at the very least test that level. I have positions in AMZN and am invested in the outcome. But I calls it like I sees it. I think it is going to follow through and go higher.
Have any of you ordered Larry Williams' 2024 Prediction book? I don't know whether it is still available, but check www.ireallytrade.com to see. It's well worth his legion skills with trading the markets. For a long time Larry sent me his brokerage statements so I could learn from them. AMAZING! The millions of dollars being traded and trades in quantities I could only imagine. AND profit after profit in large numbers. OF course there were losses, it's inevitable, but nothing that put a dent in his equity curve. What an honor. (Larry and I have been friends since 1990 when I boldly invited myself to his office so he could autograph his books for me.)
TSLA
The stats for TSLA are:
Created : 02/10/2024 03:31pm Symbol "TSLA", Bar Type = Daily Last Close = +193.57 : the close Friday was at +193.57. Change from last Sunday (+/-) (+187.91) = +5.66 Purple or Gold on top? Purple UOB = +210.04 UIB = +204.13 MidLine = +194.33 MidAngle = 194.33 LIB = +184.53 LOB = +178.62 Above/Below 21-day MAV = 199.08 - Below Above/Below 50-day MAV = 225.59 - Below Above/Below 200-day MAV = 232.61 - Below Color of DMA_H = Green All Time High = +414.50 Percent = -53.30% on 11/04/2021 568 bars ago.
TSLA was up by 5.66 this week and now is sitting at 193.57.
TSLA is fun to trade: it's all over the map.
The PHW for this symbol, since 2010, is $2,387 per share. The price per share was $1.40. 100 shares wouldn't cost much; then there's reinvesting regularly, and when they split you got more shares. Without worrying about those details, let's say you had 100 shares initially. $2,387 - 1.40 = 1,703% potential profit.
TSLA was up this week by +5.66 and ended right at the DMA.
Purple is still on top and the Slope is very near 0 degrees. Now that's Flat! Last time I said: "It needs to do some backing and filling along in here." I stand by that. Since price is right at the Flat DMA, we likely won't exceed it immediately.
NOTE that I'm positive about TSLA's long-term performance. Accordingly, I'm going to start buying more shares of TSLA while price is this low. If it goes down, I'll buy more. No, this isn't my normal operandi but it could easily go on down to the 179 area. If it breaches that Attractor it could easily continue on downward.
We could look at the Monthly chart and see that there is an almost broken Attractor right at current price. It could just as easily bounce up from that line in the sand. Or not. It is currently precarious. On the Monthly chart, the DMA has been Flat since the start of 2022. That's a long time to be flat. But, price has made sizeable excursions both above and below the Flat DMA. Remember though, this is a Monthly chart covering a long timespan.
Last time price closed below the DMA, which activated the Sell Signal on 01/04/24 at 238.45. With current price at 187.15 that's 51 points per share so far. Not bad! It may soon be time to take profits on this Short trade. Watch for Green candles penetrating the LIB. And then be alert to take profits at the DMA because Purple is on top.
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 have invested in 41 shares of TSLA.
Slope has turned Green and is heading up toward the zero-line. The DMA_H has Purple on top with Green bars, which I read as a sign of impending upward movement.
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.
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 2025 electric Maybach. That's for me!
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 : 02/10/2024 02:04pm Symbol "MSFT", Bar Type = Daily Last Close = +420.55 : the close Friday was at +420.55. Change from last Sunday (+/-) (+411.22) = +9.33 Purple or Gold on top? Gold UOB = +421.92 UIB = +415.25 MidLine = +420.82 MidAngle = 404.49 LIB = +393.73 LOB = +387.06 Above/Below 21-day MAV = 402.04 - Above Above/Below 50-day MAV = 385.25 - Above Above/Below 200-day MAV = 345.75 - Above Color of DMA_H = Red All Time High = +420.82 Percent = -0.06% on 02/09/2024 0 bars ago.
MSFT was up by 9.33 this week and now is sitting at 420.55.
We've been on a SunnyBands Buy signal since 01/08/24 at 374.69 and (using the Flat DMA, Who'sOnTop Rules I didn't take the potential short signal this past week.) We are still in a Buy position. I think MSFT has a lot farther up to go.
We have 45+ 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 (420 or 410) to confirm a direction.
Last time I said: "With all the Attractors, Fib lines and Trendlines at the current price level I'm thinking that the next wave has some movement left in it. Now, this disagrees with the DMA_H which is Red and heading toward the zero-line. Last time I said: "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 these Natural Numbers, but it could just as easily power on up. Now we need to break through the 420 level.
Don't ever try to lead the market. The Market is always right.
VantagePoint predicts a sslightly down day for tomorrow, with the predicted high at 421.35 and the low at 417.72. Basically looks like it's going to chop lower.
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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 Steve Nisan (the candlestick man). What a gift to be able to interview him..
Oil
The stats for CL are:
Created : 02/10/2024 01:39pm Symbol "@CL", Bar Type = Daily Last Close = +76.84 : the close Friday was at +76.84. Change from last Sunday (+/-) (+72.28) = +4.56 Purple or Gold on top? Purple UOB = +79.34 UIB = +77.61 MidLine = +74.98 MidAngle = 74.98 LIB = +72.35 LOB = +70.62 Above/Below 21-day MAV = 74.58 - Above Above/Below 50-day MAV = 73.25 - Above Above/Below 200-day MAV = 76.35 - Above Color of DMA_H = Green All Time High = +205.93 Percent = -62.69% on 07/11/2008 3928 bars ago.
@CL was up by 4.56 this week and now is sitting at 76.84.
We got a SunnyBands Buy signal on 01/22/24 at 74.76 which was closed at the UOB on 01/29/24 at 76.78 for a potential profit of 1.52. Not much, but the UOB and LOB are only 9 points apart, so there's not much room to profit. Half of that is 4.5 points from the DMA either direction. Last time I said: "It looks to me like we have a bit more to go on the downside at least to the LOB." Boy was I wrong. The market bounced off the LIB, marched on through the DMA and Gold went on top generating a Buy signal on 02/08/24 as it passed thru the DMA at 76.22. We are now at 76.84 for just a smidge of profit so far. We need to be on our toes with this one as it could easily turn around at the UIB, which will likely be touched this week.
On the Weekly, price is below (but barely) the DMA. Purple is on top, but Slope has turned slightly down from the zero-line but is still technically Flat.
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, Gold, Bonds
BitCoin
The stats for BTC are:
Created : 02/10/2024 01:38pm Symbol "@BTC", Bar Type = Daily Last Close = +47,770 : the close Friday was at +47,770. Change from last Sunday (+/-) (+43,185) = +4,585 Purple or Gold on top? Gold UOB = +46,600 UIB = +45,391 MidLine = +43,508 MidAngle = 43507.50 LIB = +41,624 LOB = +40,415 Above/Below 21-day MAV = 42827.38 - Above Above/Below 50-day MAV = 43741.50 - Above Above/Below 200-day MAV = 34801.38 - Above Color of DMA_H = Gold All Time High = +73,115 Percent = -34.66% on 11/10/2021 568 bars ago.
@BTC was up by 4585 this week and now is sitting at 47770.
BTC was up +4585 this week. You should see Glenn Neely's projection for BTC! Shoot them an EMail and tell them you'd like to see the most recent Monthly Bitcoin chart. If you tell them I referred you they'll probably do it. It's amazing! Looks like we'll again see about 70,000 again, but I think we are in for some backing and forthing in the near-term.
We are now just below the magic number 50,000 at 47,770. I think we will break 50,000 this coming week. Whether it will sustain that move is the question.
Now it would seem that the new Crypto ETFs are now realizing that they are selling the underlying and consequently BTC is moving up.
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 for 7 days before slowing down. The past week it has been up. 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?
The week started out sideways but took off later in the week, moving for the skies. Last time I said: "We should have some kind of reaction this week as price decides whether to go up or down from the Flat DMA." And it certainly decided to break off the DMA and plow on upward.
The Weekly chart is Up soundly. What does that mean? From the low around 11/11/22 we have moved cautiously upward. There have been stumbling blocks along the way and protracted sideways periods. But, it went up.
(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.
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 : 02/10/2024 01:41pm Symbol "@GC", Bar Type = Daily Last Close = +2,038.7 : the close Friday was at +2,038.7. Change from last Sunday (+/-) (+2,053.7) = -15.0 Purple or Gold on top? Gold UOB = +2,102.1 UIB = +2,083.2 MidLine = +2,054.5 MidAngle = 2054.50 LIB = +2,025.8 LOB = +2,006.9 Above/Below 21-day MAV = 2046.89 - Below Above/Below 50-day MAV = 2057.70 - Below Above/Below 200-day MAV = 2028.04 - Above Color of DMA_H = Red All Time High = +2,317.2 Percent = -12.02% on 09/06/2011 3131 bars ago.
@GC was down by -15.0 this week and now is sitting at 2038.7.
Gold.
@GC kept up its retreat this week. Price on the Daily is below the DMA now and heading down.
Slope is also turning downward and is now below the zero-line. That's about as Flat as a DMA can get. Zero degrees./p>
VantagePoint has been correctly predicting this movement all along for weeks. They suggest the market will move down tomorrow to a high of 2060 with a predicted low of 2049.
>>>>>>>I have drawn an Attractor at 2,149 that's been there for some time. When price gets above that level we will go on up.
Take a look at the prediction from Glenn Neely in previous issues which portends significant further moves in Gold.
On the Monthly chart price is above the Flat DMA though the last 2 months have been Red candles. That could mean that (monthly) price could move down to the DMA at 1,989. That would scare a bunch of folks if it does that.
Bonds
The stats for @US are:
Created : 02/10/2024 01:58pm Symbol "@US", Bar Type = Daily Last Close = +119.62500 : the close Friday was at +119.62500. Change from last Sunday (+/-) (+121.90625) = -2.28125 Purple or Gold on top? Purple UOB = +124.82352 UIB = +123.56519 MidLine = +121.50252 MidAngle = 121.50 LIB = +119.43984 LOB = +118.18151 Above/Below 21-day MAV = 120.85 - Below Above/Below 50-day MAV = 121.85 - Below Above/Below 200-day MAV = 121.17 - Below Color of DMA_H = Purple All Time High = +185.18750 Percent = -35.40% on 03/09/2020 992 bars ago.
@US was down by -2^09 this week and now is sitting at 119^20.
Bonds are now below the Purple DMA and touching the LIB. The DMA_H is below zero and Purple. The bars are a little short right now and Slope is mathematically Flat. To me that speaks of more downside activity.
VantagePoint says we're going down tomorrow: predicted high of 120^14 and low of 119^06.
We are in a curious position as relates the MovingAverages. All 3 of them (21, 55, 200) are nearly coincident. Purple is on top and we have an Attractor below price at 118^18. That also says down.
We are currently in a SunnyBands Sell signal from 02/02/24 at 121^29 and with price now at 119^20 that's just about 2 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.
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. Maybe June. 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.
The next FOMC meeting is March 19-20. We shall see.
Personally, I take them at their word: Rates will continue to increase until inflation is below 2%. What's so hard about understanding that?
Inflation is right now at 3.4%. That's not 2%. The Feds are teetering on an unstable platform. Raise rates too much and we might have a recession; Drop them too low or too soon and Inflation will again raise its ugly head. They have a tough job.
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. Under these conditions, 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 one below at 118^17. Will it push on upward penetrating the DMA? Will it be repelled? Time will tell.
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