Sunday night January 9, 2022
If you signed up for my Free Indicator for TS, or if you registered for the FREE Strategy Trading Forum continuing on Jan 11th, I have taken the liberty of sending you this weekly Free Newsletter: "Sunny Side of the Street." If you don't want to continue receiving it, just unsubscribe and I'll take you off the list. Thank you for your interest.
Link to Sam Tennis' Products below.
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STRATEGY TRADING FORUM. Save the dates January 11, 18, 25 and Feb 1 2022! Starts Promptly at 10am PST each Tuesday. I am allowing an hour and a half on the Zoom room just incase we get involved and go over an hour.
All New "Strategy Trading in 4 Parts" by Sunny Harris. The first session on Jan 4 went well and was well attended. Next meeting is Tuesday Jan 11 and each Tuesday at 10am PST for 4 more weeks. Thanks!
I will send you the Zoom Link to the webinar right after I send this out, if you are registered.
Interesting Article: "Why Most Traders Lose Money." LINK.
QUICKLINKS: VantagePoint | Last Week I said | Dow | ES | SunnyBands Implications | Trading Room | Automated Strategy | Multiple Timeframes | Stocks | BitCoin & Etherium | 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 They offer FREE live trainings. No obligation. To save your seat for their next FREE live session, please CLICK HERE. [Advertisement]
Tonight's VantagePoint Prediction is of the NASDAQ (@NQ). As you can see, their prediction for Monday (+/- 3 days) is still sharply down. All three MAVs are under the zero-line though the short-term MAV has turned slightly, though not yet upward.
Check my MoneyMentor home page of this website daily to keep up with the daily predictions from VantagePoint. post them every day.
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 the Dow could be in an impluse wave also consisting of ABC corrections, which we could be starting. That would take us back down, scaring folks out. And it has. Though the NASDAQ is worse. The Dow dropped a total of 823 points high to low after making a new all-time high. We will see that high and better but we have to get through the correction first.
Here is an interesting article: "Why Most Traders Lose Money". It's good to know what to look out for. This one from Jeff Swanson.
This week I am adding another stock to the commentary: HUM. It made a dramatic move last week and I'm interested in following the aftermath.
SunnyBands Implications
Dow Jones
The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, has set new all-time highs only to retreat from them. Futures opened up a few minutes ago, up by 110 points. That is encouraging, but then again it is Sunday. We still have to see what Monday brings.
Price is sitting on an Attractor at 36,101, which is the 23.6% Fibonacci line. If it breaks that we have more on the downside, possibly as low as the 38.2% line at 35,614. Be wary. The DMA_H is still red, showing weakness and the SunnyBands midline is at 35,871.
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. After I finish the Strategy Forum in February I'm thinking of preparing a Technical Analysis Basics Forum. Is anyone interested? If so, send me Comments here. If there is enough interest I'll prepare another 4-day webinar like the one coming up Tuesday, this one on Technical Analysis.
Take your trading to the next level: Join my LIVE Trading Room for FREE as a Charter Member. It airs every Tuesday morning 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 4 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.
S&P 500 (ES)
The ES was weak this week after making a new all-time high. On Monday the high was 4,791 and on Friday the low was 4,654. That's only 37 points down, which is not awful, but could protend more to come. Price is sitting right on the SunnyBands Midline though it did penetrate it at one point. Futures open in 1/2 an hour and we'll see what that brings. The Gold line of SunnyBands is sstill on top but the DMA_H is showing red. They are in conflict at the moment. Be on your toes!
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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 platform to 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 bearish or bullish turning down right now. Not a promising sign. Remember, I trade a 5-min chart and it has been short this week during the run-downs. Price from Friday's aftermarket trading is under the VWAP and will have to catch up to it and surpass it if the market is to move away from bearish into bullish territory.
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 tradeable (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 the stocks are sorted by the SDMA showing lots of red. Most stocks are marked Bullish /\, which means they were bullish but are now turning down. Lots of negativity due to the Fed meeting and the promise of raising rates to curb our rampant inflation. As inflation as reported nears 7% any increase in salary doesn't meet the expanding rate of inflation. You just can't seem to catch up. I don't know what statistics they are using, but my groceries cost almost 30% more than the did before Covid and gasoline is $5 at the pumps in CA.
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.
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 TS 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. Or, better yet, email me your TS Customer Nbr and I'll set you up with a FREE 7-day trial.
Click Here to see and listen to the DMA_H Live with BingTicks!
HUM
Wanna see something exciting? Take a look at this next chart: Humana (HUM)! It dropped 121 points in a huge gap down--from 472 to a low of 351. On news that they were signing fewer Medicaid customers than expected this year. The only reason I looked at this one was that a client called me and said, "What happened to my Humana!" So I took a look. Wow!
I'm now watching this one for buying opportunities. BUT, never try to catch a falling knife! Nevertheless, the street wisdom is that Gaps will be Filled. Price on HUM is below the LOB which took a dive right along with it, and even dropped through the Attractor eminating form the lows of Feb 2021.
AMZN, is still the stock with the highest PHW, with Bookings Holdings (BKNG) second, with AMZN under the DMA (with Purple on top) and moving below the Attractor that lies at 3,292.79). The lower edge of the channel lies at 3,186. Price is currently at 3,248. When it approaches the lower edge of the yellow channel I'm a buyer again.
AMZN can't seem to get out of the channel it has been in "forever." The reason it is the most tradable is that it keeps churning back and forth within the channel offering both long and short opportunities. I'm hoping this one is going to se up an up-cycle taking the general market upward.
Price is below the 3 Simple MAVs I watch: 13, 55, and 200. These suggest that price is going to touch the lower limit of the rectangle at the very least, if not moving on down below that. AMZN was a $3 trillion company, the first, for a few minutes last week, dropping back down to a valuation in the high 2s. It will recover. We all use Amazon, especially during the Pandemic.
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. And I believe her. It will split again, but the pre-split projection is 4,000.
TSLA has dropped to a low of 1,010 only to close at 1,027. It's still above 1,000 though. The UOB SunnyBands is at 1,209 and the LIB is at 985. That's where I think it will go, one or the other. If it goes lower I'm buying more. I'm holding TSLA for the long-term and I like to buy it when it's low.
Seven weeks ago I said I thought ARKK price would tick on down to the LOB and possibly beyond. It has done just that. Price is now below the LOB and heading for the 76.4% Fib retracement. She keeps trying; I receive a spreadsheet of her trades every day. It's fun to analyze what she is trying to do with her billions, but so far it is not working like it did last year when she was sharply up.
I wish her only the best. She's a very smart woman. But, I think she needs SunnyBands, don't you?
MSFT penetrated the DMA that it was sitting on last week. In fact Purple is now on top and Price is rapidly approaching the Attractor lying at 306. Windows 11 has been released and I'm not buying it. Their disclaimer says that your programs may not work with Windows 11. I have clients using it with TradeStation and it seems fine, but the release is aimed at gamers and I have lots and lots of software that may not work on it. We shall see if becomes widely adopted.
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! And now I have a new indicator that plots a series of colored dots letting you see at a glance Who's On Top, Purple or Gold. Here's what it looks like. It is the series of Purple and Gold dots at the bottom of the chart.
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, Etherium, Gold, Bonds
BitCoin
BitCoin is still moving downward. At 3:30pm PST today it went up 300 points on the opening of the after-hours session only to drop back down to the DMA. It's now down 20 points. Long-term I still believe in crypto, but short-term it seems bearish. On the 5-min chart Gold is still on top and price is at 41,820. That's a far cry from the 65,000ish mark at its high.
I haven't held any BitCoin. Instead, I have had ETHUSD (Etherium) since its low in May. I'm still holding a profit in ETHUSD and intend to hold it for years just to see what happens. Price is currently at 3,158 below the LOB. There is an Attractor just beneath, at 3,093 which I think will be hit before a new up move is established. It's the new year; things are about to get exciting.
Gold
Gold is still flat now at 1,795, down since last week, but not much. Price keeps going sideways with no news to get people hungry for the metal. Maybe if Russian invades Ukraine, but I don't see anything else on the horizon that spells impending doom. And that's usually when people buy gold. There is a Pennant formation right now which usually means it will break out to one side or the other.
Bonds
Bonds are down on the week in a strong move down to the Attractor at 154-22/32. This probably on fear of interest rate hikes. The Attractor is from the local highs during April of 2021. Will they roll over and go on down? Depends on what the Fed does. Check the Reference page in MoneyMentor.com for Fed meetings and minutes.
DEFINITIONS
For a FULL Glossary of Trading Terms, click to go to MoneyMentor's Comprehensive Glossary.
MY DIATRIBE FOR THE DAY
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
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. (760) 908-3070 PST. I will be raising prices March 1, so if you want any of my indicatorsnow is the time before prices go up.
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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.] "This is a very powerful tool! It's better that what I've had. I'm going to scrap my old tools. It's speaking to me. I kicked butt today making $1,500 trading crude, gold and the S&P." (re SunnyBands) -Tony C.
"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.
"Impressive Resume! Wow. You have forgotten more than most of us will likely learn. :)" - Kevin S.
"U r still a genius!!! Not a single losing trade all week!!!" - Chip S.
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, which is my proprietary moving average that avoids most of the whipsaw action experienced by other moving averages.
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.
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.
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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.
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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.
