Sunday night December 05, 2021
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QUICKLINKS: VantagePoint | Last Week I said | Dow | ES | SunnyBands Implications | Trading Room | Automated Strategy | Multiple Timeframes | Stocks | BitCoin | Gold | Bonds | Diatribe | DEFINITIONS| Quips & Quotes
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. VantagePoint clearly projects the anticipated direction and magnitude of tomorrow's market with incredible accuracy. One can use any symbol; I trade the EMini S&P short-term and select stocks for my long-term portfolio. Whether you trade stocks, options, futures, forex, ETFs or crypto, you too can benefit from VantagePoint's predictive artificial intelligence. I highly recommend attending one of their FREE live trainings. No obligation. To save your seat for the next FREE live session, please CLICK HERE.
Tonight's VantagePoint Prediction is of the NASDAQ. The Dow was down 997 points on Wednesday, High to Low and slowed down toward Friday. This chart tonight is of the NQ, however, which shows more downward action pending per the VP prediction. Even though the VP prediction for the Dow is not as gloomy I'm showing you this chart because I believe that the NQ will lead the rest of the market, if indeed it continues on downward. All 3 MAVs are pointing downward, confirming their prediction.
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, as 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 Gold and Purple lines were just about to turn south and cross over to Purple on top. That's a bearish sign. And indeed that happened. Now the DMA lines are moving downward, though slowly. The DMA Histogram (DMA_H) signalled Bearish on 11/9/21. It has been steadily going down from there. The Dow has dropped just over 2,400 points in that time.
Headline today reads: "Futures Loom In Grizzly Market." It continues with "The major indexes broke key levels last week. Apple and Tesla lead key stocks to watch." I subscribe; maybe you would like to. (I'm not connected with them in any way.) I just like to see what the crowds are saying.
SunnyBands Implications
Dow Jones
The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, is currently down on the week by over 1,023 points, with price having bounced on the strong Attractor that emanates from lows in July and September. HOWEVER, there is another Attractor below there that comes from lows in June, and it sits at 33,288. This afternoon and tomorrow we need to be on our toes. It could easily go either way, and neither would surprise me.
The Upper-Outer SunnyBand (UOB) is currently at 36,465 on the daily chart and the LOB is at 34,027. Price has touched the LOB and bounced and is now sitting on the LIB. With Purple on top I generally read this as a potential failure with price possibly moving to the MidLine but not farther. Of course, that all changes if Gold goes back on top, or if the DMA_H turns green.
The RSI is below 40 (ref Connie Brown) and has ticked down just a bit. VantagePoint predicted further downside action last week, and we got it. This week should be exciting.
One thing we all should remember is to return to Basics. Traditional Technical Analysis is still the basis of all trading. Know your stuff. Read 733 trading books, like I have. It enhances your trading. I comment on a weekly basis, but I trade on a 5-minute basis. It's much more accurate.
Take your trading to the next level: Join my LIVE Trading Room for FREE as a Charter Member. CHANGE IN TIME: it airs every Tuesday at 7am PST / 10am 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.
S&P 500 (ES)
The ES is sitting on the LIB and between two strong Attractors one at 4,595 above and the other at 4,529, below current price. The moves have been volatile and wide with intraday excitement and fast moves. The Purple line of the DMA is now on top, signalling more bearishness to come. The DMA_H gave a bearish signal on 11/8/21 and price has moved down 215 points since then. From the low on Wednesday price has been moving visually upward but the DMA_H is still negative. Anything could happen at this point. I'm watching the intraday charts for signals.
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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. Note that the timeframes are colorful! The different time frames are about as mixed as you can get with some bullish and some bearish. Some moving up some moving down.
It really helps 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. I 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 Google all the time. 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 at the far right 3 short-term averages calculated with my DMA smoothing function. I call this one RedLite-GreenLite.
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 DMA_H so that the flavor of the market is apparent to me. There is lots of bearishness in the screen. Purple and green are moving downward and reds were bullish but have turned down. There are very few pure Gold cells in the screen.
With all this bearishness, I'm looking for places to buy!
It is 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, and it is now sitting below the MidLine and yet Gold is now on top, with Purple giving up its dominance. Looking at the 15-min chart gives some clarity, as the day Friday closed down but the last bar was a strong UP.
If we get another upswing with Covid omicron cases could just take off, as people put themselves on lockdown (if the government doesn't) and continue to shop from home.
Cathy Wood's 5-year projection for TSLA (below) is 4,000 at this juncture. She may raise or lower her projection, but this is it currently.
TSLA's SunnyBands MidLine was pretty flat last week, but with a sharp downward close on Friday Purple is now on top and the DMA is sloping downward. Price is currently sitting on a strong Attractor from the last several weeks but there is plenty of room on the downside for TSLA to drop and my holdlings still be profitable. I guess it depends what the strange tho' brilliant Mr. Musk tweets this week.
Two weeks ago I said I thought ARKK price would tick on down to the LOB and possibly beyond. It did just that, as TSLA (her biggest holding) moved on down. Now ARKK is below the downsloping Purple DMA and below important Attractors. The DMA_H signalled bearish on 11/8/21 and ARKK has been moving down ever since. It now lies below 100 at 93.53. I think it will drop to 85 and then I'm looking for an entry.
I sold my ARKK some time ago and am now looking for a place to get back in.
I wish her only the best. She's a very smart woman. But, I think she needs SunnyBands, don't you?
Buy the DMA_H and SunnyBands for yourself. They are life savers. I totally rely on them for my own trading. You can have these indicators for yourself. They are a great trading tool!
Send me a note telling me what stock you would like to see analyzed next week. If you are reading this I would like some suggestions! Click here to leave me a Comment.
BitCoin, Gold, Bonds
BitCoin
BitCoin Just Dropped from Friday's close of 53,675 to 48,010 in the first hour of trading today. On the daily chart the Purple DMA line is on top since 11/19/21 with the DMA_H signalling bearish on 11/10/21. Price has moved steadily downward since the DMA_H signal and has just now dropped dramatically.
Gold
Gold is stuck in another pennant, on the 5-min chart. I looked at that to see if Gold reacted in any way to the Bitcoin drop, but it didn't. On the Weekly chart, which you see here, Purple is on top, the MidAngle is moving steadily downward, and the DMA_H signalled bearish on 8/14/20 and again on 6/18/21. If you take a look at the Monthly chart, however, the picture looks a bit different, with Gold mirroring the moves it made in 2011--dropping from a high to form a pennant and then recovering for a few months only to fall to a low of 1,234 where it stayed for years. Are we going to see that again?
Bonds
Last Week I Said: "Bonds hit the down sloping trendline that I drew many weeks ago. See chart above. The DMA_H signalled bearishness on 9/10/21 and is progressing upward. The current candlestick is a thick Doji fully within the preceeding week's hammer pattern. (See Resources > Reference on MoneyMentor.com for candle patterns.) Gold is on top and the MidLine is pretty flat with an angle of 5 degrees. Price is above the MidLine but not yet up to the UIB. Surely it will at least attempt to touch the UIB which lies at 163.46." And indeed, price has touched and bested the UIB. Bonds currently lie at 163- 23/32. At this point it looks like they will tick on upward toward the UOB which is at 165.87. Holding price down, however, is an Attractor lying at 164-4/32 which is pushing downward on today's price. It wouldn't surprise me to see strong movement breaking through that Attractor, but again it wouldn't suprise me to see the Attractor keep price from rising higher.
DEFINITIONS
MY DIATRIBE FOR THE DAY
ALL NEW! SunnyBands for MetaStock. Give me a call or shoot me an email if you are interested. Does anyone here use MetaStock? If so, please let me know. If so, then I'll work on my other indicators for MetaStock. What would you like to see work on MS? DMA_H, PHW? Comments.
Here's what it looks like:
You've got to see it to believe it. In the latest version of SunnyBands I have implemented the Commentary feature. By turning on Commentary (the little icon at the top right of your tool bar) and then clicking on a bar, it will display the information for that bar AND use the corresponding colors. It's a great tool which I use to see my projected targets and stops. Call me if you want a free 7-day trial. And if you already have SunnyBands, let me know you want the free update. With my products, all updates are free forever.
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.
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Products
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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.
Quips and Quotes
"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.]
"I want to thank you for your books. I have read them all and it has been what has inspired me to have confidence in what I have been trading. This month alone I'm currently up $80k." -Tim A.
"I'm getting a big kick out of the [Sunny]bands this morning. Typically I'm using ParSR and Floor Trader Pivots. It's great when it all comes together. And as you said, your's [sic] [SunnyBands] picks the tops perfectly." -Frank Z.
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 & 5-min charts of the ES.
Archives
Vol 5:
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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.
