Sunday April 28, 2024 VOLUME 8 ISSUE 17
AAPL | AMZN | BTC | DOW | CL | ES | GC | GOOGL | HUM | META | MSFT | NVDA | TSLA | US
Introduction
For your subscription you get SSS weekly AND access to the BONUS charts! All New Format now! Better organized, grouped by sections and topics. Sunny Side of the Street is now easier to read, with fewer ads. Here's the Front Matter, Announcements, Specials, Upcoming Events etc. Below that we have the SSS Analysis. Please SUBSCRIBE now.
IMPORTANT NOTES and NEWS:
Trade Along with Sunny (TAWS) DAILY
Join in Daily as Sunny shares her screen and her trading maneuvers. Listen to her say what she's looking for, call out the trades, take the trades, and explain why. Subscribe NOW. Sunny wants you to get good at this! Look what we've done in 16 weeks since inception! 142%! Despite the short-term drawdown.
Currently Available Bundle Discounts
Bundle X: a combination of TAWS Daily (Trade Along with Sunny) for 1 year (2 months free) and a SunnyBands lifetime license. Join now before the Bundle Offer expires April 30th.
7-Day Free Trial
Most make enough during the Free Trial to cover the cost of SunnyBands. Trade for free during the Free Trial. TWO Zoom meetings with Sunny in that first week. Learn to trade like Sunny. See Quips & Quotes to find out what my clients say. I can only do 20 trials a month, so sign up now.
Podcast
Meet and get to know the Legends in this industry! Listen in as they talk about their beginnings and their travails as they learned to trade. 46 Podcasts so far! Latest podcast posted this weekend: the creator of Bollinger Bands and Money Manager, Mr. John Bollinger!
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.
VantagePoint Prediction
This prediction is for Monday to go higher than Friday's close and extend lower than Friday's low. What it doesn't tell us is the Close. Will we go higher and then close lower? Or will be start low and go up higher? The predicted high is 38,317 while the predicted low is 38,026. I mark the High and Low on my chart and watch the day's progress with respect to the VP predictions.
Tune in to Trade Along With Sunny on Wednesday mornings at 9amPT each week to see how I use it and my proprietary indicators to trade live.
The VP moving averages are some Up some Down, with the short-term MAV already below the zero-line. The medium-term MAV above zero, but tilting slightly down. The loong-term is barely below the zerio-line and heading up.. It all looks pretty mixed to me. AKA "sideways". Just that the DOW touched and bounced 5 times off the same level and went up is a positive sign.
Take a look at the Monthly chart below for more long-term insight.
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.
To see his long-term forecast to 2060, Click Here. Tell Glenn I sent you.
In today's chart (which will be automatically when he releases the chart on Monday afternoon) is a Weekly view so you can see longer term predictions. Click on the link to http://www.NEoWave.com visit his website.
Overview (DOW & ES)
DOW ($INDU)
Chart
Statistics
$INDU was up by 253.26 this week and now is sitting at 38239.66.
Last Time I Said
Last time I was on a luxury cruise and now I need to catch back up, so nothing to report here.
Current SunnyBands Signals
We closed the Sell signal from 04/04/24 at 38,597. Friday's close was at 38,503.69 at the Flat DMA Not much to write home about, but it's 94 points. I'm now waiting for a Long or Short move...waiting for information.
Analysis
The week was up by +253.26 points with a bit of a turn-around continuing. Actually, we are in a congestion area with the last 6 bars between the LOB and LIB and stagnant. Right at the DMA for 4/5 of the week. If you'll take a look at Larry Williams' 2024 prediction you'll see this downturn was projected with recovery happening at the end of the month.
For Reports, this week we have HPI, Emplymt Cost Index, PMI, Consumer Confidence, Fed Funds Rate and more. AND it's Earnings Season still, with TSLA Reporting on Tuesday.. The next Fed Speak is Tuesday & Wednesday April 30-May 1. Again, it's all fear and greed, so it could go either way.
Just 25 bars ago we registered an All-Time Closing High (ATH) near 40,000 and dropped off sharply from there. That was expected and now I'm ready to see it climb back up. Right now we are being rejected by the Purple on top, Flat DMA. It's going to take some force to break the DMA at 38,722.
Monthly DOW
Beware! Price action (the Blue line) has crossed under the Orange projection and has broken below the UOB. That doesn't bode well for hopes of moving upward. Each time the Blue line has broken the Upper Inner (UIB) SunnyBands in the past, it has followed through with a significant correction. Stay tuned.
ES (S&P 500)
@ES was up by 127.75 this week and now is sitting at 5131.50.
We are in a SunnyBands Buy signal from 5047.5 on 04/22/24. Currently at 5131.50 gives us a potential profit of 84 points.
The current level, above 5,000 but right at the Flat DMA with Purple on top speaks to the possibility of more sideways congestion around the DMA. Probably prior to a big up move.
We are currently in a SunnyBands Buy signal from 5047.5 on 04/22/24. Price has moved right to, but not yet above, the Flat DMA with Purple on top. That speaks to price retracement. Slope is moving up toward the zero-line, but still at -39 degrees.
The DMA_Histogram is Green and moving up. If price closes above the Flat DMA and the DMA_H gets close to the zero-line then we are off to the races. In the meantime, I'm ready to close this signal at any hint of a downturn.
The Weekly chart gives us more information than the Daily. On this chart (bring it up on your computer) Price is astraddle the 5,000 level and the Flat DMA with GOLD on top. Yet, the DMA_H has Red bars getting shorter. Watch this one for the next direction.
Commodities
BitCoin (BTC)
@BTC was down by -665 this week and now is sitting at 64300.
We are now in a Sell signal, from 67,780 on 04/12/24. With price now at 64,530 that's about 3,000 points of potential profit.
ARE YOU taking these signals? Are you making this potential profit? If not, why not?! At the very least join my Live Trading Room: Daily at 9:00am PT.
The DMA is visually Flat with price right underneath it. Purple is on top but tentatively. On the DMA_H bars are Purple and getting longer. Slope is negative and Red. All taken together this picture suggests we have more room on the downside.
Price is below the short-term MAVs and above the 200, showing weakness. Previously I said: "I wouldn't be surpirsed this week to see price pop above the Attractor and move on up. Take a look at Glenn Neely's projections. Remember that the BitCoin Halving event is on Saturday April 19, 2024. The pundits say that this event should make the market take off vertically."
So much for the pundits. Yes, it did take off on that very day, but it has paused right on the Flat DMA with Purple on top,
The LIB lies below at 63,227 and the LOB at 60,711. That speaks to more action on the downside. Au contraire, price is at the 23.6% Fib line which could contain further downdraughts. If not, then the next Fib line below is at 65,607 and then 58,488. Lookiing above, the next Fib line is at 88,619. If wishes were horses... then I'd like to see BTC move on up to higher ground.
@CL was up by 1.63 this week and now is sitting at 83.85.
SunnyBands are in a Buy signal (from 04/25/24 at 83.57) as price closed above the Flat DMA.
The price of gasoline in my neighborhood is now back up to $5.49./gal. I saw one pump with price in $/litre. That'll make us think it's cheaper. Make the package smaller. Mark (in my TAWS meeting) told me that 1 gallon is 3.7854 Litres. Good to know!
Slope is very nearly zero (that's Flat). Gold is on top in the DMA, but just barely. Price is now above the Flat DMA. And on the DMA_H we have two Gray bars, meaning No Change. I'm guessing there is more room on the upside.
Gold (GC)
@GC was down by -66.6 this week and now is sitting at 2347.2.
We are in a Buy signal from 03/25/24 at 2,198.2. Current price in the after-hours is 2349.6. That's a potential of 151 points per ounce.
Price is moving on upward from its low on 04/23/24. It is about 100 points lower than its ATH of 2,448. This is to be expected and shouldn't be long-lived.
The Orange, downsloping trendline will need to be broken for a new up move to start. If the trendline continues to be Resistance then prices will drop lower.
US T-BONDS 30 yr
@US was down by -0^25 this week and now is sitting at 113^27.
We are in a Sell signal from 121^13 on 03/11/24. Price is currently at 113^31 for just about 8 points potential profit.
Marching on down. When US goes down, the expectation is for Interest Rates to go up. That tells you a bit about the current sentiment.
Price is at the lower Linear Regression channel. Usually, if we are range bound, price will move up from there to touch the LR Line itself.
In this instance I am worried that it will drop to the lower Attractor at 106^27. That could be 5 more points down.
The SunnyBands and DMA are Sloped down at -8 degrees. Purple is on top. Just visually, this looks like a DownTrend: Lower highs and lower lows. Until that changes, we are going down.
Stocks
AAPL was up by 4.30 this week and now is sitting at 169.30.
SunnyBands rules now have me in a Sell signal from 03/21/24 at 174.81. Price is now at 169.47 for about +5 points of potential profit.
AAPL is below the Flat DMA with Purple still on top. Note, however that Who'sOnTop is now Light Purple, denoting the Flat DMA. The bars on the Histogram are short and of mixed colors (Purple & Green) speaking to the current sideways motion.
I wouldn't be surprised if price rose to the UIB which is where the Orange trendline lies.
AMZN was up by 4.99 this week and now is sitting at 179.62.
The current SunnyBands signal is Long from 04/26/24 at 179.62. Right now we are at 179.82 so that means a few cents of potential profit. The market is currently slowly rising and is above the Attractor that's at 167.79.
We had a Short trade from 04/15/24 at 183.62. that was closed with the current Buy signal at 179.62. That's about 4 points of potential profit from the Short. Now we are in a Buy signal from Friday's close.
The DMA_H is now barely below the zero-line and (at -0.09) looks like it wants to go above it.. Slope is below the zero-line at -8.62 but has some divergence with price that might mean it is about to go back up.
GOOGL was up by 17.86 this week and now is sitting at 171.95.
We are in a SunnyBands Buy signal from 03/08/24 at 135.41. Today's price is 152.50. That gives us about 22 points of potential profit.
GOOGL gapped up from 156 on Thursday to open at 174+ on Friday. Thats about 18 points! Nice gap. And it formed a new ATH! And, we were Long.
The only way to analyze an ATH is on a longer chart. So, let's look at the Monthly. (Bring it up on your computer.) On this one price is above all 3 MAVs and Slope is positive at +70.72 degrees. To get an idea where up is from a high we need to pull Fib Retracements. Doing that tells me that the next level, at 23.6%) is at 200. Currently price is at 171.23. Doing that move up would bring us right to a Natural Number which will likely bring congestion. Of course, the ATH could lead to profit taking at this level. Beware!
Full disclosure: I have a large holding in GOOGL.
META
META was down by -37.78 this week and now is sitting at 443.29.
We are now Short from 04/19/24 closing the "long-term" signal at 481.07 for about 178 points of potential profit. WIth price currently at 441.55 that's about 39 points of potential profit currently.
META dropped the same way GOOGL rose: on a sizeable gap. It was a surprise but we were Short, so it's a happy surprise.
This is the configuration in which I begin to look for an exit from the Short trade. While price gapped down, it closed up on that candle. Friday's candle was a Doji that closed just above Thursday's candle. Thus, I'm out. I'm not going Long until I get more information, so I'm currently Flat.
Do you have SunnyBands? How about a Free 7-day Trial?
META went sideways all week with the highs creating new highs. The new ATH created Friday is now at 530.70.
The ATH was at 530.70 on Friday. When we make new ATHs, often a flurry of profit-taking ensues. There's no way to tell what this one will bring, so BEWARE.
Slope is negative at -76 degrees and is Red and well below the zero-line.
MSFT
MSFT was up by 7.20 this week and now is sitting at 406.32.
We are in a SunnyBands Short signal from 04/17/24 at 411.84. With current price at 406.32 that's about points of potential profit.
MSFT moved up nicely for the 1st 3 days of the week. Then it hit the Flat DMA with Purple on top and dropped like a lead balloon, down to the LOB. It closed above the LOB and on Friday popped right back up to the Flat DMA again.
I think we are going to complete the move down to the Attractor at 383.79 and then move back up to for another ATH. Just a guess, but an educated one.
NVDA was up by 115.35 this week and now is sitting at 877.35.
We entered a SunnyBands Sell signal while I was gone. It happened on 04/04/24 at 859.05. I marked an Exit from that signal on 04/23/24 at 824.23 (for a potential profit of 34 points) because we got a SunnyBands Buy signal that I'm not initiating yet because the DMA is Flat with Purple on top.
But on Friday price closed above the Flat DMA initiating a Buy signal at 877.36. We'll see what Monday brings.
Price is moving sideways right along with the Flat DMA. But it is above all 3 MAVs. The Histogram is under the zero-line and now moving upward (Green). Slope is right at the zero-line: Flat. The WhosOnTop indicator is also Light Purple signifying Flat. With this crossing of the DMA I'm expecting some follow-through with price moving at least to the UIB at 921.53.
TSLA was up by 21.24 this week and now is sitting at 168.29.
With SunnyBands, on the Daily chart, we were in a Sell signal last we spoke. Price action treated us to a move down from the Sell signal that was at 188.14. We got a SunnyBands Buy signal on the Gap of 04/24/24, closing the Short at 162.13 for 26 points of potential profit. At the same time the bands went Long and price is now at 168.29 for a potential 6 points of profit so far.
TSLA is still weak with the moves ticking lower. But this latest move on a gap up is encouraging.
The DMA still has Purple on top but the DMA_H has turned Green. Only briefly in the beginning of March did the Gold bars show up on the Histogram. Slope is now above the zero-line and heading upward at +10 degrees. Price is attempting to touch the UIB now at 174.39. That's about 6 more points up.
Price is below the 55- and 200-day MAVs but now above the 21-day MAV. If the 21 crosses above the 55 we will have a Golden Cross, which is normally Bullish.
On the Weekly the news is less promising. There is a strong Attractor below current price, at 106.73. There is nothing else holding it up on this chart.
Thanks for reading my weekly missive. I would appreciate your insights. EMail Me HERE.
If You Got this Newsletter from someone else and would like to Opt-In, and join us, click here. Help support this effort, please.
Bonus Material
These additional charts are BONUS material for my paid subscribers. Click Here to login with your email address and password.
Products
All subscribers to my Sunny Side of the Street newsletter are eligible for an automatic 10% discount on any of my products. Call if you are interested. 1-760-908-3070 PT OR Click Here and Comment. Be sure to tell me in the Comments that you want SSS.
If you want a yet better price, buy Sunny's indicators by the Bundle. Up to 20% off! This offer is only good until 01/31/24. Don't Miss Out. This offer won't show up again for a long time.
Consulting/Mentoring - There is nothing that makes me happier than my students turning into great, profitable traders. I love to help new traders, and intermediate traders who are in a slump.
Correspondence Course: "Solving the Puzzle." 18 lessons and live sessions with Sunny for each lesson. Learn all you need to get started in trading.
SunnyBands - SunnyBands are a extension of my DMA. The two lines above and two lines below the purple and gold DMA alert me to where the market is going. They are constructed from ATR bands on either side of the DMA. With them I am alerted to Exact Entries and Exits.
DMA_H - Sunny"s DynamicMovingAverage in Histogram format, using sophisticated math to smooth out the whipsaws.
Of course, my indicators work on any symbol, any time frame. In my own trading I use 1-min & 5-min charts of the ES.
Custom Programming - Need help with an idea you want tested with EasyLanguage? I'm the one to do it for you. Fast and inexpensive.
If you aren't already a MoneyMentor Member, please consider joining here. Tell me what you trade and what you'd like to see me add to this newsletter.
Are you a SERIOUS trader, just a beginner, someone who is iinconsistent in trading? You NEED Sunny & Sam's tools. They promote SERIOUS trading.
Sam Tennis' Products
If you would like to be included in Sam's totally educational "It's the Weekend!" newsletter, shoot him an email and say I sent you. It's a lot of fun.
Real-Time Profit/Loss Viewer
ORDER NOW
Scroll the Chart
SCROLL THE CHART DOCKED
Data Report Pro & SPGC Report Pro
Archives
2024 Vol 8:
2023 Vol 7:
2022 Vol 6:
2021 Vol 5:
I always welcome comments at sunny@moneymentor.com.
NOTE: I may hold some of these symbols in my own portfolio. I may be shorting others. I am not recommending you trade these. I'm just analyzing the charts. This information is for Educational Purposes Only.
Sunny has been teaching others to trade almost as long as she has been trading. Helping struggling novices over the hurdles is a passion of hers. Sunny has won awards for her teaching and consulting, being #1 in several categories. Sunny can teach you how to use TradeStation & MultiCharts and EasyLanguage and PowerLanguage, TC2000, VantagePoint, NinjaTrader, Genesis Navigator, and MetaStock so you don't spend months struggling on your own. If you have a concept you want programmed, she can do it for you or teach you how to do it yourself. Click Here.
We provide a wide range of software programmed by Sunny for her own trading. We are not a churn and burn shop that puts out lots of indicators for sale, just to have products to sell.
Each of these unique products is available to help others in their quest for profits. And, they are used by Sunny in her own daily trading. The software includes indicators that make trading smooth and easy, and strategies that can even be automated to provide hands-off trading. Click here for a full list, descriptions, charts and prices.
NOW AVAILABLE: Live Trading with Sunny EVERY MORNING. (Trade Along with Sunny - TAWS) Want to see and hear how Sunny trades with SunnyBands? Listen to her reasoning and watch as she places trades. Here's your chance. Subscribe Here.
PERFORMANCE 2024 to Date:
"I wanted to let you know how helpful your daily trading room sessions have been. It is refreshing to see someone trade live and answer any questions that we have. It is so much better than a service that just wants to sell you something and send you on your way. This is really speeding up my learning and I look forward to trading along with you. Thanks for all you are doing to help people learn the art of trading." - Rick N.
"I had the fortune of meeting Sunny Harris and her excellent trade software SunnyBands. From the beginning, she gave me all her support, even though I didn't have any experience with day trade and English is not my first language she is always available for any questions. I tested SunnyBands free trial and the results were amazing $3.5K in the first week, I asked for another free trial and she was able to help me, I did it again, and after these records, I decided to buy the license for Sunny Bands. Thank Sunny for your unconditional support and your excellent software." -Juan R.
"I have studied swing and day trading for 10 years primarily with Gann methodology but I might be able to say I have studied it all. I lead a monk's life studying 12 hrs a day. I have found SunnyBands correlate to the high work of mathematics in price and one tool I treasure now for my chart analysis and trading. The first day I loaded SunnyBands I made $275 with one contract in about a minute; I thought to myself how can this small monthly fee not pay for itself? The opportunity to trade with such an experienced trader as Sunny is a real gift; the experience you will get in a year will be priceless. Doing this each trading day with Sunny will train your subconscious mind to become a consistent winner in the market. If you are thinking with a poverty mindset you will have a long hard road; don't do that. This is really awesome to be able to trade with each day and so appreciative of you doing this. To live trade as a mentor like you do is very hard and much respect and appreciation for you doing this Sunny!" - Arthur M.
"Well, I just want to say the I LOVE them !!!! ( your bands )....I've torn apart Bollinger Bands, Keltner etc, etc... and NOTHING comes CLOSE to what YOU have created.... :-) I've talked to CMT's who've said "oh yeah.... they're just Bollies".....and I almost spit out my coffee! I've watched your videos where you are walking a new customer through their use... and I "got it all" ( understood )... the "turns" are RIGHT THERE!.... Bollies are too general....and Keltner which Rashke says she likes....are only a hair better than Bollies.... YOURS blows both of them away.....of course YOU already know that." - Marius V.
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?
You've had plenty of opportunites to watch how Sunny trades. There's the Live Trading Room, lots of Appearances, YouTube videos and Live Demos. If you have not yet been introduced to SunnyBands and how Sunny uses them, sign up here to get the Replay of the event.
WHAT ARE YOU MISSING?
Several features of Sunny Side of the Street are missing from previous issues. Natural Numbers, Scan of Stocks, DMA_H RS, PHW Scan, and more. What would you like to see me bring back? Comments.
HAPPY HALF HOUR! We will have the next HHH on Saturday May 4th at 1:15pm PT. Sam Tennis and 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. It's a great place to make new friends. 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 available Here.
If you would like to continue receiving this weekly newsletter every week, please SUBSCRIBE. It helps the cause.
FREE 7-Day Trial of Sunny's Most Powerful Indicators. Click Here. You have 7 (calendar) days to use it' full functionality and learn! I can only take 20 trials per month and all start on a Monday. Get your request in early.
EasyLanguage Forum Want to learn EasyLanguage (EZL) the EASY way? Here is the REPLAY (with video and slides). 5 1-hr lessons will take you through all the steps with Sunny Harris and Sam Tennis.
FREE 7-day Trial of Sunny's most Powerful trading indicators. Not sure about buying them? Take the trial. Most make enough during the Free Trial to cover the investment.
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 ith your proof of purchase
