Sunday night October 17, 2021
I've Automated my 5-min EMini Trading Strategy. Take a Look.
QUICKLINKS: VantagePoint | Last Week I said | Dow | ES | SunnyBands Implications | Trading Room | Automated Strategy | Multiple Timeframes | Stocks | BitCoin | Gold | Bonds | Diatribe
VantagePoint ai Prediction for Tomorrow
VantagePoint 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.
Check the home page of this website daily to keep up with the daily predictions from VantagePoint.
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 VantagePoint 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.
Last Week I Said
Last Sunday I said that the market will need to break 35,000 decisively before I believe it is going on up. Note, however, that the current chart shows what I believe is a 1-wave (Elliott Wave) with a 3-wave now forming. If I am right it should project to about 35,500. I also said: I am expecting some more upside action accompanied by a little bit of correction down to about 34,500. Note that Friday broke above the 35,000 line decisively.
SunnyBands Implications
Dow Jones
The Attractor under examination lies at 35,589. The 3-wave (often characterized by gaps), which we have on the chart above, is likely to go there, followed by a complex 4-wave retracement. That's my guess for tonight.
The Attractor under examination lies at 35,589.
The Upper-Outer SunnyBand (UOB) is currently at 35,477. We should at least make it to there. When it gets there, work with your SunnyBands to see if it goes higher. Don't give up the ship until the Dow is through following the bands upward. It is also heading for the Fibonacci line at 35,589. If it touches the UOB and falls back inside on a red candle, I take profits and wait for more information. It might be setting up the 4-wave at that point.
The DMA_H signalled bullish nine bars ago so I'm expecting more bullishness also based on that. Get your indicators here.
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. 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)
On the EMini chart we have less exhuberance than in the Dow. Price is just now about to touch the UIB (Upper Inner SunnyBand) which lies at 4,472. It is exhibiting the same 3-wave pattern as the Dow, just hasn't really broken out yet. I expect tomorrow to break above the UIB, but I'm hesitant about whether or not it will make new highs. The last high was on 8/31 at 4,533.
Let's look at something else about the EMini. The next chart shows a view of the monthly chart. Notice that the 275 point down move we had in September is just a blip on the chart. One red candle and that's it. For this reason, I am cautious. It would make sense for the ES to move down to the midline, which is the average of the gold and purple, and it lies at 3,967.
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. xxx
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 also 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), and another indicator I call RedLiteGreenLite which uses my DMA averages, not standard MAVs.
When I sort on PHW from highest to lowest tells me which stocks are the most tradable. A stock that just moves slowly from A to B is an investment, not a tradable (to me). 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. This week I have sorted on the SDMA and Dir so that the most bullish stocks would appear on top. Profit from it if you trade stocks.
On this view I haven't sorted anything. The stocks are listed in alphabetical order. Notice how many have Bearish and how few show Bullish.
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. If you would like this indicator for your RadarScreen click here.
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, is still the stock with the highest PHW, yet it lies currently below the DMA with Purple still on top. That would signal bearishness in this stock. But, the last several bars have signalled bullish on the DMA_H. To me that looks like another trading opportunity. AMZN is still in the trading channel (the yellow rectangle) but it is sitting smack dab in the middle. The last bar was up almost 7 points.
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. See chart below. She is stuck outside of the yellow channel the ETF was in and now hopefully it will break back inside the zone, especially with the DMA_H signalling bullishness.
TSLA was up 7 points on Friday as well.. The stock has continued a steady (in stock market terms) rise up with a few bumps in the road. I'm still expecting it to attempt a run for 900. Current price is 843 and change.
The DMA is bullish on TSLA, with the DMA_H signalling bullish on 10/12. The Attractor up above is beckoning, at almost 890. Especially significant with its breakout from it's former Attractor at 771.
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 very near its all time high. Looks like it is reaching for the Attractor at 65,000. Soon it will happen.
Gold
Gold is hanging out right below a trendline that extends from a high on 6/1 at 1924. The trendline held on Friday and price moved down from it. In after hours trading gold has dropped below its DMA with purple on top, signalling bearishness.
Bonds
Bonds: Last week I thought that bonds would stumble at the 23.6% Fib line. And they did. In fact, now US is sitting right on the 38.2% retracement line on the weekly chart. In after-hours trading on the 15-minute chart they are primarily sideways. I would expect them to bounce off the Attractor that lies at about 160 for a few days.
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. Five contracts 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.
