Sunday night March 6 2022
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VantagePoint ai Prediction for Tomorrow
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VantagePointclearly 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. [Sponsor] Please visit my sponsors; it helps keep all my postings & forums FREE.
Tonight's VantagePoint Prediction is of the Dow.
As you can see, their prediction for Monday is for a high of 33,826 and a low of 33,332.80 -- almost all threes.
The close Friday was at 33,892. The moving averages are all three turned upward but they are not yet above zero. Almost, though!
When I get the latest prediction I put horizontal lines on my charts at the predicted high and the predicted low so I can use them as targets. Of course, I look at more predictions than just the Dow. I watch all my stock holdings for predicted up and down moves. It helps me know when to take profits and when to buy more shares. The "targets" for tomorrow are in a pretty narrow range.
Check my MoneyMentor home page of this website daily to keep up with the daily predictions of the Dow from VantagePoint. I post them every day after 4pm PST.
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. I just submitted a Review of VantagePoint for TradersWorld magazine. Look for it in the next issue.
Last Week I Said
Last Sunday I said "The DMA_H has flashed Green and then Purple again, speaking to the sideways price action and the flatish DMA. However, the DMA turned downward and speaks to still lower prices." And the week traded sideways in a relatively narrow range. Note: this afternoon's price on the Dow futures is down 297 points as I write this.
SunnyBands Implications
Dow Jones
The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, was mostly sideways on the week. Monday was a Doji bar with a range of 494 points. The range for the remainder of the week stayed mostly between the high of Monday down to the -10% line.
Price on Friday was a spinning top with the open at 33,655 and the close at 33,614, though it had traded down to 33,254 during the day.
The DMA Midline is flat, though it has turned slightly down, denoting a sideways market. The LowerOuter SunnyBand (LOB) sits at 32,722 (a move upward since last week's newsletter) while the UpperOuter band (UOB) is at 35,750. That's a 3,028 point range. I find that price tends to test these extremes to the downside if it goes below the DMA and to the upside if it goes above the DMA. I'm expecting another volatile week!
Looking at my "Recession" which uses OOEL to draw a horizontal line from the highest high down 20% (or x% via inputs). I used an input of 10% and found that the Dow traded right down to it and bounced this week. It may be headed for this 10% down line again. This indicator will be in an Example in the text of "EasyLanguage OOEL Made Easy!" If you want it now, give me a call. It's Free for the asking.
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S&P 500 (ES)
The ES was like the Dow, mostly sideways. In fact, it now is in a Pennant formation. See the yellow pennant on the chart above. It doesn't have much of a "staff" but if traditional TA holds it should breakout to the upside.
The Outer SunnyBands lie at 4,676 and 4,133. To resume an uptrend we need to be headed for the UpperOuter band. The 10% "recession" lies at 4,327 just below the body of Friday's candle, where we are right now. The week took us barely above the line and now we are sitting right on it. Will it act as support? Only time will tell... and the events in Ukraine.
I trade my Pennants indicator on breakouts either going long if it breaks out above the red line or going short if price breaks out below the lower red line.
Price also played with the DMA Midline all week, never making it above that level. The DMA is flat, usually a signal not to take any additional positions. We got a SunnyBands long signal on 2/24/22 on the daily chart as it dipped below the LOB and broke to the upside above the LOB and LIB both. That is commonly a bullish pattern.
The DMA_H (Histogram) has been green since 2/24/22 when the ES made a dramatic low followed by a swift recovery. To me that means bullishness, and that's pretty much what happened.
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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 as well. All symbols, all timeframes. The more you buy the cheaper it gets.
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 all bearish in one form or another. All show Bearish except the monthly, which says Bullish turning 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 columns to the right 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 the RadarScreen 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 (below) 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.
The table above is my main research tool. It not only has my DMA_H predictions but also shows my PHW indicator (yellow) at the far right and 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. AMZN is still the most tradeable, with the highest PHW.
This week I sorted on Dir (the Direction of the SDMA) to find that there are LOTS of stocks which have the direction of "previously Bearish but now Turning Up." That could be an encouraging sign.
Stock Sort
These stocks, showing True in the Scan, are all still above all 3 moving averages, 20-, 50- and 200-day. If you are looking for something to buy, this is the way to do it. Call me if you want help setting up your scanner to do this. 760-908-3070.
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.
Click Here to see and listen to the DMA_H Live with BingTicks! ALL NEW: BingTicks has been upgraded to talk! In my voice it tells you your current position in the market, or your strategy's position. It says "Flat," "Long," or "Short" and the number of contracts. And if you have it on a Strategy it says "BuyBuyBuy" or "SellSellSell" in Sam's voice. I wanted it to help me keep my focus on what my chart/position is doing. It works wonders as an attention focusing device. And, it still bings and bongs with each tick of the market. Get it here: BingTicks.
HUM
HUM is still recovering from its big break. It is more than halfway through filling the gap. It is also right at the top of its previous Pennant formation poised to breakout.
You can see that Who'sOnTop is still showing Gold, looking for more bullishness. Yet, the DMA_H was flashing Red and Gold for the whole week and yet price continued on upward. Always look for price action to confirm or deny any indicator's signal.
AMZN, is still the stock with the highest PHW, with Bookings Holdings (BKNG) second, with AMZN basically down the whole week. In fact, it is now sitting on the LIB with Purple on top and the MidAngle at -77 degrees. In fact, it is currently down 874 points from its high. It was down lower, but has recovered slightly.
AMZN is staying under the yellow box channel it was in for so long, not yet showing any promise of rising. I don't short stocks, I just buy and sell. The DMAHistogram is so narrow one can hardly see it on the chart. But it does seem to be turning more negative.
AMZN is well below all 3 MAVs (20-, 50-, and 200-day).
Last week I said: "I am nevertheless skeptical of higher moves since the overall market can easily influence this situation and take AMZN on downward."
Cathy Wood's 5-year projection for TSLA (below) is currently at 5,000 at this juncture. Several other pundits I keep track of are suggesting 5,000 also.
TSLA is right now sitting at the 200-day line. In fact it is slightly above it. Of course it is under the 20-day and 50-day averages.
Price moved upward some this week but is under the Purple DMA which is sloping downward. TSLA gave a bullish signal on the SunnyBands by passing through the LOB and rising back above the LOB. Right now it is also above the LIB.
Seems like $6/gal at the pump should spur more Tesla sales.
Nevertheless, I still believe we will continue to turn to carbon-neutral technologies and electric vehicles. I have not yet purchased their vehicle because I'm waiting for better batteries. I would want to get to LA and back on one charge before it is viable technology in my mind. When the batteries are better I expect this stock to really take off.
Notice that I think TSLA is still a good buy for lots of fundamental reasons (not the least of which is lower prices and a huge run-up potential.) Nevertheless, TSLA has dropped more that 34% from its high.
Several months ago I said I thought ARKK price would tick on down to the LOB and possibly beyond. It did just that. Price is still beneath all 3 moving averages and continued on downward this week though not as low as it was on 2/24/22.
As for the SunnyBands, price is sitting right on the LOB and looks like it could go even lower. The LOB is at 60.02 and the LIB is at 63.65. Purple is on top and sloping downward. She's down 61.8% (in price, not in Fibonacci) since her high on 2/19/21. No bottom fishing for me.
Maybe ARKK is putting in a bottom. I'm not buying in just yet, though. And I'm sorry to say my VP subscription does not cover ARKK.
MSFT (closing at 289.86 Friday) is right below its 20-day MAV, and as I suggested last week, it did break above the MAV only to fall back below it. It is also just beneath the 200-day MAV. These are not bullish signs. But, we'll see.
The LOB SunnyBand lies at 279 while the LIB is at 286. The DMA Midline lies at 300, not a far stretch. In a normal market it could easily break that level. But today's market is not normal. Price is also stalled at the 76.4% Fib line. It used that line as both support and resistance this week. It will need to break through both the Fib line and the DMA Midline to announce any new upward movement.
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.
Oil
Crude Light (CL) (closing at 115.68 Friday) is at 124 (up 9 points) in after hours trading tonight with a high of 130.50. Makes sense with tense and changing world order. Please ask Biden to stop all oil purchases from Russia. Go to WhiteHouse.gov and send him a note. I have.
The UOB of SunnyBands lies at 116.08 and the UIB is at 109.78. Price, along with prices at the gas pump (which is now $5.51/gal in San Diego), just continues on upward as the war in Ukraine progresses. I don't mind paying $10/gal to help win this war.
I don't see anything on the chart yet that would point to a decline.
BitCoin is down 1,235 in afterhours trading this evening. Bitcoin used to be countertrend to the stock market, but no longer. As goes the S&P so goes Bitcoin. I am wondering who is leading whom now.
I still believe it will be widely accepted as currency, though I have no idea when. Price sits on the LIB (38,476), after touching both the UIB and UOB over a week ago. The DMA MidLine is at 41,176 and serves as an Attractor offering resistance. The DMA_H signalled Bearish on Thursday and indeed price is lower in afterhours trading this evening.
BitCoin, Etherium, Gold, Bonds
BitCoin
BitCoin is down 1,390 points in after hours trading this evening, currently at 38,155. Bitcoin used to be countertrend to the stock market, but no longer. As goes the S&P so goes Bitcoin. I am wondering who is leading whom now.
I still believe it will be widely accepted as currency, though I have no idea when.
Price is heading for the LIB (37,038), after touching both the UIB and UOB over a week ago. The DMA MidLine is at 41,012 and serves as an Attractor offering resistance. The DMA_H signalled Bearish a week ago and then bullish and then bearish again. That's a sign of indecision and price is lower in afterhours trading this evening.
ETHUSD - Etherium
I haven't held any BitCoin. Instead, I have had ETHUSD (Etherium) since its low in May 2021. I'm still holding a nice profit in ETHUSD and intend to hold it for years just to see what happens.
Price is at 2,550, heading for the LIB and is down 60 points. The DMA is flat to sloping slightly downward which could act as support or resistance, either one.
The strong Attractor that lies at 2,631 that I mentioned last week has been broken by today's action. The high so far is right at the Attractor and the low is currently at 2,541.
The LIB is at 2,538 and the LOB at 2,355, where it looks like it is headed. The strong Attractor might be tested again as it has been tested several times recently, with last week's test rising above it and above the DMA. REMEMBER: surprises are to the upside in a Bear Market.
I'm wondering how much of the anonymous currency Russia/Putin control.
Gold
FYI: Forbes just predicted $3,000 gold. Stansberry Research says that price is too low.
Gold is currently up another 27 points, at 1,992 and climbing. Price broke to the upside strongly bouncing off the 23.6% Fib line with the advent of the Ukraine/Russia war.
I have been calling for gold to reach $2,000 for months in this Newsletter. It's almost there.
The Midline is at 1,895 and the UOB is at 1,986 with the UIB at 1,951. I believe we will see the 2,000 target hit this next week.
I will be speaking twice this coming week for TimingResearch. Thursday March 10 at 8amPT/11amET and again at 3pmPT/6pmET. Register Here.
Bonds
Bonds were mostly sideways this week. In after hours trading this evening price has opened higher so that bonds are now up 11/32nds. Price is at 159-22/32. The Midline is at 156.12 and price is above the UIB and heading for the UOB, which lies at 161.13. However, it is caught in a pennant formation, shown in yellow on the chart above, and needs to decisively break out from 159-24/32 to make further moves upward.
DEFINITIONS
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MY DIATRIBE FOR THE DAY
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Products
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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.
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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.
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DISCLAIMER: Trading involves a significant and substantial risk of loss and may not be suitable for everyone. You should only trade with money you can afford to lose. There is no guarantee that you will profit from your trading activity and it is possible that you may lose all of, or if trading on margin more than, your investment. Nothing in this website is an offer to buy or sell securities, futures, or instruments of any type. Some of the results shown may be based on simulated performance. SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, SUCH RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MY HAVE UNDER OR OVER-COMPENSATED FR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. Past performance is not necessarily indicative of future performance. This brief statement cannot disclose all the risks and other significant aspects of trading. You should carefully study trading and consider whether such activity is suitable for you in light of your circumstances and financial resources before you trade.
