Sunday night October 03, 2021
I've Automated my 5-min EMini Trading Strategy. Take a Look.
VantagePoint ai Prediction for Tomorrow
VP clearly projects the anticipated direction and magnitude of tomorrow’s market. One can use any symbol; I trade the EMini S&P short-term and select stocks for my long-term portfolio.
Tonight's VantagePoint Prediction is of the NASDAQ. The Dow was a little bit up last week and a lot down. From the high of the week to the low was 1,275 points. The NASDAQ is more precarious with it mostly down, and by 868 points high to low. Today's prediction for the NQ is up a bit from last week, and in fact in after-hours trading it is currentlydown 10 points, but on a candle that exceeded Friday's high.
Check the home page of this website daily to keep up with the predictions from VantagePoint.
The VP MovingAverages are below zero, but pointing upward (except the long term one), so that is encouraging for the short term. SunnyBands and DMA_H configurations below.
While this prediction is good for tomorrow, wouldn't you want to know every day of the week? Of course, the best thing is to run VP every afternoon, not just on Sunday nights, like I do for this newsletter. And you can always look at the home page of MoneyMentor to see the current VP chart.
VP (VantagePoint ai Software) suggests that tomorrow could explore a bit to the upside with a move above Friday's high.
Last Week I Said
Last Sunday I said that I expected the Dow to test the DMA at 34,650. Boy did it! And then some. It dropped to 33,820 before the week was over. Beware! Trading is a Dangerous Business.
I'm still buying back in slowly now. But only on stocks that have shown capitulation. As you know I closed most of my stock positions about 5 weeks ago, and I'm adding back now, but cautiously. TSLA is still my favorite stock, and is doing well, even though it lost a little ground last week. I'm still cheering for this stock.
SunnyBands Implications
Dow Jones
Last Sunday I said the Dow was sitting very close to the Attractor that lies at 34,000. This week I am expecting some upside action from the inside bar day of Friday. The purple line is on top in the DMA and yet the DMA_H on the bottom subgraph shows a green bar, signalling an early long entry. Seems like it should make a run back to the DMA at 34,600 at the very least. I'm not predicting more than that. It's a dangerous market right now.
There is a strong Attractor overhead at 35,103, and at 35,000 we encounter the Natural Numbers phenomenon again. I expect some resistance there. Looking at the 15-minute chart reveals that the Dow was up most of the day on Friday, but closed on a down note. Movement tomorrow could go either way.
Tomorrow morning at 10amPT/1pmET I am speaking at TimingResearch.com's CFN (Crowd Forecast News). Tune in.
Take your trading to the next level: Join my LIVE Trading Room for FREE as a Charter Member. It airs every Tuesday at 10am PST / 1pm ET. For as long as people are interested. To become a Charter Member just fill out the Trading Room form and tell me you want to receive entry to the Trading Room. I have only 6 more spots left at the FREE price. And you will be FREE for as long as your membership is continuous. The next 15 will pay $19.95/mo, and from then on everyone who registers will pay $29.95/mo. The more people join the more expensive it will become. Such a deal for the early birds! NOTE: I won't know to send you a Zoom invitation if you don't sign up.
I am still predicting Dow 50,000 but not just yet. We still have some downs and ups to explore before we get there. Beware October!
S&P 500 (ES)
The ES has been correcting every 21 days or so (a Fibonacci number) at the rate of about 3-4%. This time the correction last week took the ES right to the 55-day MAV. It should hold there if the corrections cycle holds. The correction portended by the DMA_H dipping below zero happened last week. It is still below the zero line but one histogram bar turned green followed by another purple. That signals confusion.
Please join my LIVE Trading Room. It's fun! It's exciting! It's free, so far. It may be the only opportunity you may have to query me live for FREE. Join in and speak up. You only get out of it what you put in. I'll be trading live and answering questions and trading my real money LIVE every Tuesday morning at 10am PST. /1pmET. It's FREE for the time being. If you join as a Charter Member you'll be free for as long as you keep your membership continuously. Join by filling out my sign-up form here.
Since this is a weekly missive, we miss the daily changes to the indicators. Send me an email if you are interested in daily updates. I can have them sent to you directly from my trading platformto your email or your phone. Or better yet, order SunnyBands and DMA_H for your own computer. Of course, like all my products, they work on intraday charts just a well. All symbols, all timeframes.
To get a long-term perspective, let's look at the various positions called for by the consensus of timeframes. Only the short-term indicators are bearish. The other timeframes are bullish but turning down. Not much has changed in this regard from last week.
You need to have these indicators for your own to take your trading to the next level.
Call me (1-760-908-3070) and I'll send you a 7-day FREE trial of these indicators for you to see for yourself. Don't want to call? Just fill out your questions and desires on my Comments form and I'll get right back to you.
Stocks
In this section, I like to take a peek at a few of my favorite stocks. Like Cathy Wood, of Ark Invest, I like disruptive stocks, those that promise radical changes to the way we live, like TSLA. I also trade what I know. I use Amazon in real life, so I trade AMZN. I use Verizon as my phone carrier, so I trade VZ. I use Microsoft software so I trade MSFT and so on. Let's first look at the RadarScreen view of a few stocks:
The table above is my main research tool. It not only has my DMA_H predictions but also shows my PHW indicator (yellow) sorted, and another indicator I call RedLiteGreenLite.
When I sort on PHW from highest to lowest (as in this display) tells me which stocks are the most tradable. A stock that just moves slowly from A to B is an investment, not a tradable. I'm looking for wide swings from which to profit, not just buy-and-hold. This is how I decide what stocks to buy and which to trade.
RedLiteGreenLite shows me three short-term DMAs (DynamicMovingAverages) of 2, 3, and 10 periods. This is another quick way of viewing the state of the stocks in question. Notice how much red and purple is on the RadarScreen. Lots of bearishness for the short-term.
To me trading is not about being right! There are lots of advisors and stock pickers out there who boast about getting MSFT at $32 and holding it for gazillions in profit. My trading style is to specialize in a few things and be good at them. The stock pickers never tell you how many they picked right, only the few that were the big winners. I specialize in a handful of stocks for the long swings and the EMini futures for intraday trading.
The columns just past the middle of the RadarScreen window show a colorful area that tells me at a glance the configuration of my DMA_H on all the stocks in this portfolio. (This indicator is called DMA_R_H, meaning DynamicMovingAverage RadarScreen Histogram.) Green Bearish \/ means the stock has been bearish but is now turning up. Purple \\ means primarily bearish. (These are the colors in the DMA_H and SunnyBands DMA. So, "purple" means Purple is on top in the DMA.) Gold Bullish // means the stock is moving upward. Red Bullish /\ means the stock has been going up but has now turned downward.
Of course, you can sort on any or several of these columns with this indicator. Color coding things makes it easy for me to spot opportunities at a glance.
From this look (above) at the RadarScreen (like a spreadsheet) I can sort by SDMA, which shows me all the bullish stocks on top with Dir showing me which are moving aggressively upward and which have been moving up but have now turned down or the PHW which shows me the most tradable stocks. Call me, I'll explain it. 1-760-908-3070 PST.
Click Here to see and listen to the DMA_H Live with BingTicks!
AMZN, still the stock with the highest PHW, is still in my focus today, and has been the last few SSS's. Why? Because it is a great swing trading stock as well as a long-term investment. The yellow rectangle shows the channel it has been in. Notice on the right that the swings have been getting higher and the current move has retreated slightly . I'm thinking this one is in for another move up. At its current price of 3,425 a swing up to recent highs would give a 300 point profit per share.
Notice a newish indicator on the charts My PennantFinder indicator draws congestion patterns, highlighted by blue triangles and red breakout lines. This past week, while Sam Tennis and I were working on our new book "TradeStation EasyLanguage OOEL Made Easy!" he taught me how to highlight the pennants with a yellow background using OOEL. It definitely makes it easy to see. If you already have this indicator, call me or email me so I can send you the update. (Updates are always free.)
Cathy Wood's projection for TSLA (below) is 4,000 at this juncture. She may raise or lower her projection, but this is it currently. But who knows. Cathy Wood's ARKK ETF is not doing so well lately.
While the week was down for the indices, TSLA held strong although it was a little down on the week. It is hanging out currently at the Upper-Inner SunnyBand and is above the DMA. That's a good sign. It looks like it stumbles every 10 days or so but keeps heading up toward the 850 level.
Buy the DMA_H and SunnyBands for yourself. They are life savers. I totally rely on them for my own trading.
Send me a note telling me what stock you would like to see analyzed next week.
BitCoin, Gold, Bonds
BitCoin
BitCoin is hanging out at the DMA and has recovered a bit. It seems to be heading for the Upper-Inner SunnyBand, which lies near 50,000. I think that if it hits that it will likely stumble and then pop on through.
Gold
Gold futures are trading slightly up in the after-hours session from Friday's close, currently at 1,760. Price has just touched the DMA (with purple on top) and the DMA_H is signalling bullish. On the weekly chart it appears just to be going sideways. I think I'm going to buy some more gold coins in here.
I am still a holder of and believer in the metal. I don't speculate in the gold stocks since so many factors can govern its mining and business practices. I like the physical and believe we will still see $2,000 gold.
Bonds
Bonds dropped last week and then turned slightly around without hitting the 23.6% line. The DMA_H has signalled bullish on the daily chart, but there is the 38.2% line right above current price. I think that will be another stumbling area.
MY DIATRIBE FOR THE DAY
My 5-min S&P Trading System
I asked Sam Tennis to program my trading strategy that I've been using for years for me. He did a bang up job in record time. He's a great programmer if you ever need one. And a great teacher too.
So, what you see above is today's unattended trading my automated strategy real-time. One contract of the ES. Or rather, it is trading itself. Take a look and see what you think.
Comments?
IMPORTANT: Nothing in this newsletter is an offer to buy or sell securities of any type, nor is it advice to make any financial decisions. You are in charge of your assets and only you know your risk tolerance and how much you can afford to lose. Never invest/trade with money you cannot afford to lose. This information is intended as educational only. DISCLOSURE.
If You Got this Free Newsletter from someone else and would like to Opt-In, and join us, click here.
Products
All subscribers to my Sunny Side of the Street newsletter, and Members of MoneyMentor, are eligible for a 10% discount on my products. Call if you are interested.
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.
"Thanks very much; I do like hearing from you [, Sunny]. Thanks to SunnyBands I now have a net worth above $1.25 Million." -Don T. [Editor's note: Don started 3 years ago with a $25,000 account. And, he told me yesterday that his account is now well over $2 Million.]
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.
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 charts of the ES.
Archives
Vol 5:
I always welcome comments at sunny@moneymentor.com.
Click to unsubscribe. I'll be sad to see you go, but I will remove you from my subscribers list.
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.
