Sunday March 03, 2024   VOLUME 8 ISSUE 10


AAPL | AMZN |   BTC | DOW | CL | ES | GC | GOOGL | HUM | META | MSFT | NVDA | SBUX | TSLA | US

Introduction

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Sunny Side of the Street (SSS)

The charts below are now organized first alphabetically by commodities and then alphabetically by stock symbol. It should be easier to read and find the symbol you want to take a look at.     

 DOW:  BTC:  TSLA:
 AAPL:  MSFT:  GOOGL:

Vantage Point Prediction

The VP Prediction for tomorrow: High : 39,186  Low: 38,941. The Moving Averages are primarily moving sideways with the short-term moving back up over the zero-line. It is very possibly good news for the Dow

This one sure makes it look like we are movin' on up.

Take a look at the Monthly chart below

Glenn Neely's NEoWave Forecast

Glenn Neely has graciously granted us continued access to his weekly predictions! Take a look at how accurate Glenn's chart patterns have been with his NEoWave River Theory and NEoWave technology. See where he thinks it will go next.

In today's chart is a Monthly view so you can see longer term predictions. Click on the link to http://www.NEoWave.com visit his website.

http://www.NEoWave.com

NEoWave

Notice the spots marked i, B and G. Looks like those are his projections for now. Looks to me like we could be heading for a new high.


Overview (DOW & ES)

DOW ($INDU)

Chart

Statistics

Created : 03/01/2024 01:44pm
Symbol "$INDU", Bar Type = Daily
Last Close = +39,087.38 : the close Friday was at +39,087.38.
Change from last Sunday (+/-) (+39,131.53) = -44.15
Purple or Gold on top? Gold
UOB = +39,141.37
UIB = +38,925.86
MidLine = +38,598.30
MidAngle = 38598.30
LIB = +38,270.74
LOB = +38,055.23
Above/Below  21-day MAV = 38737.99 - Above
Above/Below  50-day MAV = 38131.45 - Above
Above/Below 200-day MAV = 35339.26 - Above
Color of DMA_H = Gold
All Time High = +39,282.28 Percent = -0.50% on 02/23/2024 5 bars ago.

$INDU was down by -44.15 this week and now is sitting at 39087.38.

Last Time I Said

"If the selling gathers momentum then we could go down to the DMA which is currently at 38,287." and "That's not my first scenario, however, because I'm guessing it will go up. The Attractor above the market is at 39,511 and above that there's one at 40,074."

This week the DOW was largely down though not by much. In looking at the Natural Numbers chart (available on the Addendum)

Analysis

The DOW is again showing its strength by cllmbing to a new All Time High (ATH) on Friday of last week. The climb on Friday ended up leaving a Doji candle. That means indecision to me. Buyers and Sellers are struggling to determine a direction.

The market capitulated on Monday of this week and fell, though it wasn't impressive, Monday, Tuesday and Wednesday. Then on Thursday we had a down candle that explored into higher territory before closing quite a bit above its low.

If the selling gathers momentum then we could go down to the DMA which is currently at 38,287. That would put us about 500 points down. If it continues to go down after this week it has an Attractor below at 37,998. That's not my first scenario, however, because I'm guessing it will go up. The Attractor above the market is at 39,511 and above that there's one at 40,074.

In all likelihood reaching 40,000 will generate a bit of congestion. And it has. On the Natural Numbers chart it has been fighting 40,000 all week. I belive we will reach it this week.

Monthly DOW

The orange Attractor I drew when price exceeded the triangle (hint: it's a trendline) is still holding. I thought we would continue upward, and we are.  

Notice on  this Monthly Dow chart of percentage change that we are still above the UOB and the Attractor at 35,111 on the Monthly.

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 continue to congest (possibly not for much longer) while attempting to get above another Natural Number.  


ES (S&P 500)

Chart

Statistics

Created : 03/01/2024 08:07pm
Symbol "ESH24", Bar Type = Daily
Last Close = +5,146.00 : the close Friday was at +5,146.00.
Change from last Sunday (+/-) (+5,101.50) = +44.50
Purple or Gold on top? Gold
UOB = +5,132.12
UIB = +5,090.69
MidLine = +5,149.25
MidAngle = 5025.27
LIB = +4,959.85
LOB = +4,918.42
Above/Below  21-day MAV = 5033.54 - Above
Above/Below  50-day MAV = 4915.43 - Above
Above/Below 200-day MAV = 4611.11 - Above
Color of DMA_H = Gold
All Time High = +5,149.25 Percent = -0.06% on 03/01/2024 0 bars ago.

ESH24 was up by 44.50 this week and now is sitting at 5146.00.

Last Time I Said

"Monday and Tuesday were down days: Red candles. They dropped right to the DMA and bounced. The DMA was Flat at the bounce and thus was expected by the SunnyBands rules. And now we are sitting at an ATH at 5,101.50. Nothing on the chart says reversal. Gold is on top and Slope is at a steep 78 degrees. It all speaks to up movement in the near future."

There were a couple of weak days this week, but the overall effect was a move to an new ATH. And we crossed the Attractor mentioned and made the new ATH at 5,149.25.  

Current SunnyBands Signals

We are in a SunnyBands Buy signal from 4,801.25 on 01/08/24. With price right now at 5,138.75 that gives us 337.5  points of potential profit. At $50 per contract, that's about $16,875 of potential.

Analysis

The ES is above the UOB and at a new high. Gold is on top in the DMA. On the Histogram we have Gold bars above the zero-line, which we have had for a long time. There is nothing to do but hold on to the position and watch for a change of temperament.


Commodities 

BitCoin (BTC)

Chart

Statistics

Created : 03/01/2024 07:59pm
Symbol "@BTC", Bar Type = Daily
Last Close = +63,825 : the close Friday was at +63,825.
Change from last Sunday (+/-) (+51,750) = +12,075
Purple or Gold on top? Gold
UOB = +63,287
UIB = +60,775
MidLine = +56,482
MidAngle = 56482.00
LIB = +52,189
LOB = +49,677
Above/Below  21-day MAV = 52013.33 - Above
Above/Below  50-day MAV = 47438.20 - Above
Above/Below 200-day MAV = 37228.35 - Above
Color of DMA_H = Gold
All Time High = +73,790 Percent = -13.50% on 11/10/2021 583 bars ago.

@BTC was up by 12075 this week and now is sitting at 63825.

Last Time I Said

"At this juncture I'm guessing price will continue on down to the DMA at 49,974. And then bounce."

Well that one did not work out so well. We lost a potential 2,000 points and reversed to a Buy signal.

On the Monthly chart the upper Attractor is still in effect at 72,300. Yet on the Daily chart we entered a SunnyBands Sell signal on 02/19/24 at 52,665. Price action quickly reversed this signal to a Buy and we potentially lost over 2,600 points. The Buy signal took effect at 55,290.

The subsequent Buy signal reversal is currently ahead 8,410 points.

Current SunnyBands Signals

Our previous BTC SunnyBands Buy signal was closed at 52,665 for 12,000 points of potential profit. The Sell signal closed with over 2,000 points loss. Now we are in a Buy signal from 02/26/24 at 55,290 and price is at 64,145 and climbing. That's 8,535 points in the open signal.

We entered a SunnyBands Sell signal on 02/19/24 at 52,665. Price action quickly reversed this signal to a Buy and we potentially lost over 2,600 points. The Buy signal entered at 55,290 and price is now at 63,825 for a potential xx points profit.

Analysis

Last time we entered into a Short signal. It was quickly reversed to a Buy signal, in which we are now. The Daily chart just shows BTC straning at the upper boundary of the chart. So, I'm looking now at the monthly chart. The upper Attractor is evident on this chart at the ATH of 73,790. It could hesitate and back-track a bit, or it could shoot on up. I'm betting on higher prices. I'm long Etherum.


Crude Oil (CL)

Chart

Statistics

Created : 03/01/2024 07:59pm
Symbol "@CL", Bar Type = Daily
Last Close = +79.97 : the close Friday was at +79.97.
Change from last Sunday (+/-) (+76.49) = +3.48
Purple or Gold on top? Gold
UOB = +80.50
UIB = +78.94
MidLine = +76.44
MidAngle = 76.44
LIB = +73.93
LOB = +72.37
Above/Below  21-day MAV = 76.39 - Above
Above/Below  50-day MAV = 74.50 - Above
Above/Below 200-day MAV = 76.54 - Above
Color of DMA_H = Gold
All Time High = +205.65 Percent = -61.11% on 07/11/2008 3940 bars ago.

@CL was up by 3.48 this week and now is sitting at 79.97.

Last Time I Said

"Crude has a rounded bottoming formation in effect [on the Weekly chart]. From that I technically expect a pullback and then a move higher."

This week price continued to move on up from the Buy signal at 75.94 to its current 80.13. We got the move higher without the pullback.

Current SunnyBands Signals

If price closes below the DMA I'm out. Otherwise SunnyBands are in a Buy signal as price closed above the DMA. Purple is on top in the DMA Histogram but not for long.

Analysis

Slope is now Flat at -0.97 degrees and heading up. That's positive. The DMA Histogram (DMA_H) is beneath the zero-line bu showing Green bars getting shorter. That also points to upward movement.

But it was price closing above the Flat DMA that go me interested.


Gold (GC)

Chart

Statistics

Created : 03/01/2024 07:59pm
Symbol "@GC", Bar Type = Daily
Last Close = +2,095.7 : the close Friday was at +2,095.7.
Change from last Sunday (+/-) (+2,049.4) = +46.3
Purple or Gold on top? Purple
UOB = +2,094.0
UIB = +2,075.5
MidLine = +2,047.7
MidAngle = 2047.65
LIB = +2,019.8
LOB = +2,001.3
Above/Below  21-day MAV = 2039.00 - Above
Above/Below  50-day MAV = 2051.54 - Above
Above/Below 200-day MAV = 2021.92 - Above
Color of DMA_H = Green
All Time High = +2,317.2 Percent = -9.56% on 09/06/2011 3146 bars ago.

@GC was up by 46.3 this week and now is sitting at 2095.7.

Last Time I Said

"These indicators speak "up" to me. I'm expecting price to rise to the UOB at 2,075."

This week price is not only above the DMA, with Gold on top, but Friday tore upward from the DMA to touch the UOB.

Current SunnyBands Signals

We are currently in a SunnyBands Buy signal from 02/16/24 at 2,024.1. Price is currently at 2,091 so we have about 67 points of potential profit in it. 

Analysis

Gold is climbing along nicely now with a new high looming large above at 2,298. How long will it take? I'm thinking it might make it sooner than most think.

Slope is rising at 52 degrees and climbing. And the DMA_H is now slightly above the zero-line and Gold. We should see some reaction to Friday's price.

These indicators speak "up" to me. I'm expecting price to rise to the UOB at 2,075.


US T-BONDS 30 yr

Chart

Statistics

Created : 03/01/2024 07:59pm
Symbol "@US", Bar Type = Daily
Last Close = +120.03125 : the close Friday was at +120.03125.
Change from last Sunday (+/-) (+119.09375) = +0.93750
Purple or Gold on top? Purple
UOB = +122.59037
UIB = +121.64870
MidLine = +120.04033
MidAngle = 120.04
LIB = +118.43196
LOB = +117.49029
Above/Below  21-day MAV = 119.19 - Above
Above/Below  50-day MAV = 121.00 - Below
Above/Below 200-day MAV = 120.30 - Below
Color of DMA_H = Green
All Time High = +185.21875 Percent = -35.19% on 03/09/2020 1007 bars ago.

@US was up by 0^30 this week and now is sitting at 120^01.

Last Time I Said

"Price is currently sitting right under the Flat DMA. It will probably rise to the DMA on Monday and the indications are that it will pull back from there."

And, though moving slowly, it is moving downward. Price is still below the Purple DMA, which is currently Flat.

Current SunnyBands Signals

SunnyBands are sitting in a Sell signal that was issued on 02/05/24 and confirmed the next day at 120^04. Current price is at 119^28 for a potential profit of less than a point. IF price closes above the DMA then it's a Buy signal.

Analysis

Price is currently sitting right under the Flat DMA. It will probably rise to the DMA on Monday and the indications are that it will pull back from there. However, Slope is Flat and 0.99 but has been Green and rising. That could easily speak to it breaking above the DMA MidLine and going higher.

Higher bond prices, lower interest rates. And vice versa. The next few days of Fed Speak will move the market, probably both directions.


Stocks

AAPL

Chart

Statistics

Created : 03/01/2024 08:07pm
Symbol "AAPL", Bar Type = Daily
Last Close = +179.66 : the close Friday was at +179.66.
Change from last Sunday (+/-) (+182.52) = -2.86
Purple or Gold on top? Purple
UOB = +190.96
UIB = +188.65
MidLine = +184.71
MidAngle = 184.71
LIB = +180.77
LOB = +178.46
Above/Below  21-day MAV = 184.53 - Below
Above/Below  50-day MAV = 187.39 - Below
Above/Below 200-day MAV = 183.94 - Below
Color of DMA_H = Purple
All Time High = +199.62 Percent = -10.00% on 12/14/2023 52 bars ago.

AAPL was down by -2.86 this week and now is sitting at 179.66.

Last Time I Said

"My "into-wishing" (as Adrienne Toghraie calls it) lets me believe that AAPL will drop to the Attractor at 180.27"

And drop it has, even beyond the Attractor where it had been lingering. 

Current SunnyBands Signals

SunnyBands rules would have me Short from 188.32 on 02/08/24. Price is currently at 179.00 so that's about 6 points of potential profit. The prior signal was a Buy on 02/02/24 at 185.85 which went to the entry just mentioned at 188.32 for just over 9 points of potential profit. 

Analysis

AAPL is a great stock for trading, as is TSLA. Lots of cyclical moves up and down. It's great for swing trading with the swings being about 8 - 12 days long.

The DMA is Sloping down at -13 degrees and Purple is on top. Slope itself is Red and below the zero-line. That combined with dropping below the Attractor tells me to expect so more movement to the downside.


AMZN

Chart

Statistics

Created : 03/01/2024 08:07pm
Symbol "AMZN", Bar Type = Daily
Last Close = +178.22 : the close Friday was at +178.22.
Change from last Sunday (+/-) (+174.99) = +3.23
Purple or Gold on top? Gold
UOB = +176.15
UIB = +173.66
MidLine = +169.64
MidAngle = 169.64
LIB = +165.62
LOB = +163.13
Above/Below  21-day MAV = 171.35 - Above
Above/Below  50-day MAV = 160.99 - Above
Above/Below 200-day MAV = 140.19 - Above
Color of DMA_H = Gold
All Time High = +188.65 Percent = -5.53% on 07/13/2021 663 bars ago.

AMZN was up by 3.23 this week and now is sitting at 178.22.

Last Time I Said

"On the Histogram the bars are Gold now and getting longer. As they bounce off the zero-line I'm envisioning price rising early in the week and then possibly taking a breather. The Slope indicator is Green and ascending above the zero-line. All the signs are positive!"

Boy was I wrong on that one. It did climb to the DMA but faltered and fell back, all the way to the LOB.

This week negated all th  commentaryt by bouncing off the DMA to rise to its current price of 174.63.

Current SunnyBands Signals

The current SunnyBands signal is Long from 01/08/24 at 149.10. Right now we are at 177.87 so that means about 28 points of potential profit. The market is currently rising and is above the Attractor at 167.79.

Analysis

Price is still rising strongly and above the UOB. Gold is clearly on top with Slope rising and Green. It looks like it has farther to rise.d.


GOOGL

Chart

Statistics

Created : 03/01/2024 08:08pm
Symbol "GOOGL", Bar Type = Daily
Last Close = +137.14 : the close Friday was at +137.14.
Change from last Sunday (+/-) (+143.96) = -6.82
Purple or Gold on top? Purple
UOB = +149.12
UIB = +146.90
MidLine = +143.25
MidAngle = 143.25
LIB = +139.61
LOB = +137.39
Above/Below  21-day MAV = 142.56 - Below
Above/Below  50-day MAV = 142.66 - Below
Above/Below 200-day MAV = 132.75 - Above
Color of DMA_H = Purple
All Time High = +153.78 Percent = -10.82% on 01/29/2024 23 bars ago.

GOOGL was down by -6.82 this week and now is sitting at 137.14.

Last Time I Said

"If the bounce doesn't happen then in all likellihood it will drop to the low of 02/02/24 at 136.46."

The close on Friday was at 137.14, just millimeters above the low aforementioned.

Current SunnyBands Signals

We are in a SunnyBands Sell signal from 02/13/24 at 145.14. Today's price is

Analysis

Last time I was expecting price to drop as low as 136.46 and it dropped to 135.41 on the low this week. I think we could drop just a little more as there is a Strong Attractor at 135.57 that's calling. It might hold further downward action, but that's hard to tell. Be ready for it to move in both directions soundly.


HUM

Chart

Statistics

Created : 03/01/2024 08:08pm
Symbol "HUM", Bar Type = Daily
Last Close = +352.03 : the close Friday was at +352.03.
Change from last Sunday (+/-) (+362.91) = -10.88
Purple or Gold on top? Purple
UOB = +381.74
UIB = +375.82
MidLine = +366.72
MidAngle = 366.72
LIB = +357.61
LOB = +351.69
Above/Below  21-day MAV = 364.64 - Below
Above/Below  50-day MAV = 403.74 - Below
Above/Below 200-day MAV = 464.06 - Below
Color of DMA_H = Purple
All Time High = +571.30 Percent = -38.38% on 11/03/2022 331 bars ago.

HUM was down by -10.88 this week and now is sitting at 352.03.

Last Time I Said

"The SunnyBands are sloping downward, along with price, and the bands are narrowing. To me that speaks of a breakout. The only question is, will it break up or down?"

I still don't doubt the upward motion in the long-term, but price right now is in an upsidedown cup sort of configuration.

Current SunnyBands Signals

I'm not ready to give up on the current Buy signal from SunnyBands. The signal came in on 01/26/24 at 361.23. With current price at 352.03 that's about 9 points of potential loss in the current trade. DMA is sloping downward, but price is now turned down from that level. The upward motion of Slope has languished, and is pretty much below the zero-line and switching back and forth between Green and Red, but I think it has some more room on the upside. Price has touched the Attractor several times and not gone below it. If it closes below the Attractor I'm out.

Analysis

HUM is still struggling along facing drop after drop. It has touched the Attractor at 342 twice. Now the stock could easily bounce off this price and go up to the DMA at 366. With price right now at 352.03 that would take a lot of umph to get up there, given the way it looks currently.

I am expecting a 

I am expecting a bounce from here, but am very cautious. Price on HUM could easily break below the Attractor at 342 and fall on downward, but I'm hoping for this to be a test of support and a rise from there. 


META

Chart

Statistics

Created : 03/01/2024 08:08pm
Symbol "META", Bar Type = Daily
Last Close = +502.30 : the close Friday was at +502.30.
Change from last Sunday (+/-) (+484.03) = +18.27
Purple or Gold on top? Purple
UOB = +494.72
UIB = +486.01
MidLine = +504.25
MidAngle = 472.65
LIB = +459.29
LOB = +450.58
Above/Below  21-day MAV = 471.73 - Above
Above/Below  50-day MAV = 411.81 - Above
Above/Below 200-day MAV = 329.18 - Above
Color of DMA_H = Green
All Time High = +504.25 Percent = -0.39% on 03/01/2024 0 bars ago.

META was up by 18.27 this week and now is sitting at 502.30.

Last Time I Said

"META has continued on up, had a great Gap and (though slowly) continued on up after that. Price has stayed above the Yellow boundary and is still looking positive. Price is right between the UOB and UIB. As long as it stays between them (approximately) then we are going on up. I'm still expecting to see 500 soon and then some stumbling about until traders are confident in the new support."

We have actually had a nice Up Week. Price mad another ATH and continues to look like it's going upward.

Current SunnyBands Signals

We are Long from 10/30/23 in a "long-term" signal. Recent moves have only enhanced the holdings. The SunnyBands Long signal was at 302.66 and with price currently at 502.30 that's a potential 199 points of profit.. Imagine that on 100 shares!


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Analysis

META has continued on up, had a great Gap and (though slowly) continued on up after that. Price has stayed above the Yellow boundary and is still looking positive. Price is right between the UOB and UIB. As long as it stays between them (approximately) then we are going on up. I'm still expecting to see 500 soon and then some stumbling about until traders are confident in the new support.


MSFT

Chart

Statistics

Created : 03/01/2024 08:08pm
Symbol "MSFT", Bar Type = Daily
Last Close = +415.50 : the close Friday was at +415.50.
Change from last Sunday (+/-) (+410.34) = +5.16
Purple or Gold on top? Gold
UOB = +419.70
UIB = +414.71
MidLine = +406.83
MidAngle = 406.83
LIB = +398.94
LOB = +393.95
Above/Below  21-day MAV = 409.30 - Above
Above/Below  50-day MAV = 395.32 - Above
Above/Below 200-day MAV = 352.87 - Above
Color of DMA_H = Gold
All Time High = +420.82 Percent = -1.26% on 02/09/2024 14 bars ago.

MSFT was up by 5.16 this week and now is sitting at 415.50.

Last Time I Said

"MSFT is down a bit, dipping to the DMA with Gold still on top. Usually this signals a bounce back up to the upper bands, but I'm not sure this time. If price closes below the Flat DMA then we could be going on down. Price is above the Flat DMA with Gold on top. The Red bars on the Histogram are getting shorter implying a potential down move. ."

MSFT is still churning. It has not yet bested its ATH, but instead is churning about above the DMA, which has Gold on top.

Right now we have a profit of about 35 points per share.

Analysis

MSFT is down a bit, dipping to the DMA with Gold still on top. Usually this signals a bounce back up to the upper bands, but I'm not sure this time. If price closes below the Flat DMA then we could be going on down. Price is above the Flat DMA with Gold on top. The Red bars on the Histogram are getting shorter implying a potential down move. Further, Slope is Flat, though it's Green. It looks to me like it wants to go up again.


NVDA

Chart

Statistics

Created : 03/01/2024 08:12pm
Symbol "NVDA", Bar Type = Daily
Last Close = +822.79 : the close Friday was at +822.79.
Change from last Sunday (+/-) (+788.17) = +34.62
Purple or Gold on top? Gold
UOB = +833.75
UIB = +801.93
MidLine = +754.13
MidAngle = 754.13
LIB = +706.34
LOB = +674.52
Above/Below  21-day MAV = 730.14 - Above
Above/Below  50-day MAV = 621.60 - Above
Above/Below 200-day MAV = 484.29 - Above
Color of DMA_H = Gold
All Time High = +823.94 Percent = -0.14% on 02/23/2024 5 bars ago.

NVDA was up by 34.62 this week and now is sitting at 822.79.

Last Time I Said

"The SunnyBands are again on the move, with a new SunnyBands Buy signal from 02/22/24 at 785.38."

I also said: "We are currently cautiously in a [NVDA] Buy signal on SunnyBands from 12/13/23 at 480.88. With price currently at 727.20 that's pretty good, I'd say. A potential profit of 246 points per share so far. I say cautiously because there is a potential Sell signal on SunnyBands that could take us out of this trade. Another candle closing beneath the UIB could do it." 

And, we got that signal. This week we were taken out of the trade. I didn't take a Short, however, because Gold is on top and the DMA is strongly Sloping upward.

Current SunnyBands Signals

We are currently Long. After a short venture below the DMA we were reversed to a Long signal on 02/22/24 at 785.38. Price is currently at 792.12 for a potential profit of 6.74 points per share.

Analysis

The SunnyBands are again on the move, with a new SunnyBands Buy signal from 02/22/24 at 785.38. Price is between the UOB and UIB which is still strong, but I'm worried about the DMA_H being right at the zero-line, however.

As luck would have it I personally went long on Wednesday very near the bottom of the downdraft. NVDA was down 35 points but I believe in NVDA long-term so my thinking was "if it goes down I'll buy more." Then the stock had a Great earnings report and shot up 125 points in one day. You can say I was a happy girl.


SBUX

Chart

Statistics

Created : 03/01/2024 08:43pm
Symbol "SBUX", Bar Type = Daily
Last Close = +93.16 : the close Friday was at +93.16.
Change from last Sunday (+/-) (+95.62) = -2.46
Purple or Gold on top? Purple
UOB = +97.98
UIB = +96.69
MidLine = +94.69
MidAngle = 94.69
LIB = +92.68
LOB = +91.39
Above/Below  21-day MAV = 94.43 - Below
Above/Below  50-day MAV = 94.06 - Below
Above/Below 200-day MAV = 97.29 - Below
Color of DMA_H = Purple
All Time High = +126.32 Percent = -26.25% on 07/23/2021 655 bars ago.

SBUX was down by -2.46 this week and now is sitting at 93.16.

Last Time I Said

"SBUX was down for many weeks in a nice slow trend. Then came the consolidation.We are still in a long Flat DMA period of congestion. Slope is Flat, though Green, and slightly negative. None of this makes me want to trade it. I had my Starbucks today; did you?"

Well, I guess I was too early with that prognostication. I still think it has a little further down to go in order tor explore around the LIB.

Current SunnyBands Signals

We are now in a SunnyBands Buy signal from 02/22/24 at 95.78 as price closed above the DMA. However, Friday's candle was Red and wicked up to the UIB. If the next candle (Monday) closes below the DMA this trade I will Reverse and go Short. Stay on your toes.

Analysis

SBUX isn't feeling so good. It keeps churning around the Flat DMA. Now it's below the line but looking like there is more negativity in the outlook. I' thinking that the LIB or the LOB at 91.47 is the next target.


TSLA

Chart

Statistics

Created : 03/01/2024 08:43pm
Symbol "TSLA", Bar Type = Daily
Last Close = +202.64 : the close Friday was at +202.64.
Change from last Sunday (+/-) (+191.97) = +10.67
Purple or Gold on top? Gold
UOB = +210.09
UIB = +204.02
MidLine = +194.53
MidAngle = 194.53
LIB = +185.05
LOB = +178.98
Above/Below  21-day MAV = 193.26 - Above
Above/Below  50-day MAV = 212.57 - Below
Above/Below 200-day MAV = 234.79 - Below
Color of DMA_H = Gold
All Time High = +414.50 Percent = -51.11% on 11/04/2021 582 bars ago.

TSLA was up by 10.67 this week and now is sitting at 202.64.

Last Time I Said

"SunnyBands had been sloping downward, but are now sideways in a narrow channel that spans from 181 to 211. I'm guessing it will bounce around beetween there for a bit. "

Last time I also mentioned that TSLA is all over the map.It can go up 100 points and then down the same amount. But, in fact, it did violate the Flat DMA and moved up. This could easily the be the start of more upward movement.

Current SunnyBands Signals

With SunnyBands, we were in a Sell signal last we spoke. On Thursday we closed (on a green candle) above the Flat DMA signalling and then confirming a Long. So far the trade is up to 201.88 for a potential of 13 points.

Analysis

SunnyBands had been sloping downward, but are now sideways in a narrow channel that spans from 181 to 211. I'm guessing it will bounce around between there for a bit. There is a lot of congestion this week, with small range bars coursing sideways.

It would make sense to me for it now to continue back to 211 and the back down to 181. But they are still soping up.


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