Sunny Side of the Street

Sunday night June 19, 2022

Monday is the Juneteenth Holiday observation.

Sunny Harris & Sam Tennis will Teach You EasyLanguage! Four (4) Tuesday Mornings starting July 12, 2022 at 10amPT/1pmET. Sign Up Now before it Closes.

Feeling better thanks, still a bit slower than usual, but I'm back! Nevertheless, this issue will be an abbreviated issue.

Thanks for all your nice well wishes notes. We WILL be doing the Live Trading Room Tuesday at 7amPT/10amET. Look for the Zoom link in your email.

You asked that I notify you when I buy back in to TSLA. The bullish signal on 5/25/22 was confirmed on 5/26/22 and with the DMA MidLine being flat would have been exited on 6/1/22 for 104 points profit per share. I could not take the trade as I was in the hospital. Look at the TSLA section below for the updated prediction.

Starting July 12, 2022 at 10amPT / 1pm ET: 4 weeks of EasyLanguage Lessons with Sunny J. Harris and Samuel K. Tennis! Register Here.

If you haven't yet had a chance, please take a look at my Podcast: "The Sunny Harris Show! with Sam Tennis". It's FREE. Listen while you Trade.

The most recent Episode is an enlightening visit with The OptionProfessor, Jim Kenney. Past episodes include: Glenn Neely (Elliott Wave Expert: neowave.com), Perry Kaufman (prolific author and master trader: kaufmansignals.com), and technical Rock Star Tim Slater. Upcoming espisodes include Adrienne Toghraie (traders coach: tradingontarget.com) and Michael Filighera (Elliott Wave master & Trader: tradershelpingtraders.com) and David Kosmider (tradingresearch.com). I listen to Podcasts while I trade! You don't have to just sit there and listen.

Adrienne Toghraie's episode will be posted this week! Enjoy a delightful visit with an old friend.

Don't miss these Podcasts! These have been delightful and enlightening interviews into the lives of famous traders and their take on the markets.

This coming week we have several important reports coming out that will likely affect the markets: reports: FOMC Member Bullard Speaks Monday; Tuesday: Existing Home Sales, FOMC Member Mester Speaks. Further, we have some important stocks reporting earnings on Tuessday: LEN, ACST, RSVR.

Link to Sam Tennis' Products below. Link to Sunny's Products. NEW: Scan for bullish stocks.

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VantagePoint ai Prediction for Tomorrow

https://vpai.us/sunnyharris to view a FREE demonstration of how to use VantagePoint. I use it myself, every day.

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. [Sponsor] Please visit my sponsors; it helps keep all my postings, Sunny Side of the Street, Live Trading Room & Forums FREE.

Tonight's VantagePoint Prediction is of the Dow.

As you can see, their prediction for Tuesday has n 857 point range and is for a lower low with the high the same as Friday's. The prediction is for a high of 30,243 and a low of 29,386. We closed on Friday at 29,888. The market and the predictions have been getting ever lower with no respite in sight.

The close Friday was at 29,888 and two of the three MAVs are beginning to move upward.They have not yet penetrated the zero-line, but they are at least turning upward. VantagePoint signaled "short" on 6/9/22, 3,068 points ago!

The sjh_I_MovAvg_3Lines (21-, 50- and 200-day averages) show that the Dow is now under all three moving averages. See the Scan below to see what is now Positive (True).

When I get the latest VP 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.

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 recently submitted a Review of VantagePoint for TradersWorld magazine. Look for it in an upcoming issue.

Last Week I Said

Last week I said Since I've been out of commission for the past 4 weeks, I'll wait until next time to resume this section.

SunnyBands Implications

Dow Jones

The Dow, which consists of 30 industrial stocks, not the high tech ones that I like to trade, was down on the open Friday and then mostly sideways all day. It has now dipped right to the -20% (down from its all time high) line. This will be a very telling line in the sand as to whether we are entering (or are already in) a recession. If -20% holds, then maybe it can be averted. If this line doesn't hold, well, it's all bets are off for a while.

Price is below the LowerOuter (LOB) SunnyBand and thus also below the LIB. The DMA MidLIne is pointing downward, at a seriously negative slope.

My 10% "Recession" indicator is still at 33,257 from the all time high and is thus almost 3,372 points above current price action. Last month I said I wouldn't be surprised if price dropped to the 15% line, and it did just that, and then bounced off it. Now price is touching the -20% line!

Price is also currently sitting on top of a very strong Attractor which lies at 29,436. This Attractor was formed from the pre-Covid high and is nearly exactly where price is now. That could mean support for the timebeing, or it could be broken and yield to the market falling much farther down.

This week we are having more speeches by the Fed folks (on Monday and Tuesday), which I think is likely to affect the market direction. If they say that the next rate hike is going to be a big one, the market will tumble; if they predict another half-point rate hike, then the market could count that as positive as the recent hike was already factored into price action.

The Sunny Harris Show! Podcast #4 was with Glenn Neely of NEoWave.com. He is predicting much lower lows. Something to think about!

Take your trading to the next level: Join my LIVE Trading Room for FREE as a Charter Member. We have had 8 winning sessions in a row. 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. 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 lost 224.75 points this past week. We are currently below the 20% down marker which lies at 3,848. Thus, to get back in positive territory the ES needs to break above that level and maintain it.

I would not be surprised if we see another Bear Market Rally, however. Just enough to fake people out. I wouldn't believe it though. There is a strong Attractor below the market at 3,331. That's another 500 points down.

The Upper and Lower Outer SunnyBands are so far above current price that we don't even need to look at them. Price is below both lower bands with two Doji candles (on the daily chart) that gave a potentially bullish signal--had they been blue candles, but they weren't.

On the DMA_H we are still seeing strong purple vertical lines beneath the zero-line, which is strongly bearish.

Who's On Top is also showing strong purple dots, showing that the Purple DMA line is on top and we're still moving down.

Don't you think it's time for you to get SunnyBands and the DMA_H to improve your own trading?? Buy Now. You Can't Afford Not To! As a SSS Subscriber you automatically get 10% off!

Price is currently below all 3 popular MAVs, the 21-day, 50-day and 200-day MAVs. The 21-day is at 3,970.65 and price is at 3,694 in the after-hours market. If you want the code for the sjh_I_MovAgv_3Line just send me a Comment and I'll send it to you. Tell me what version of TradeStation you have. It's free; it's example code that is in the new book: "EasyLanguage OOEL Made Easy!"

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 (my rate is $535/hr). 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 7am PST. /10amET. 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. Why am I so expensive compared to other programmers? Because I am a full-time professional trader and can do so much more for you than just program.

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. (And prices go up March 1. The more you buy the cheaper it gets.

To get a long-term perspective, let's look at the various positions called for (above) by the consensus of timeframes. Note that the timeframes are all bearish in one form or another except for the 15-minute, which is bullish (in the after-hours market) as the ES is up 20 points.

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 TradeStation or MultiCharts 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 tradable, with the highest PHW.

I have this table sorted alphabetically today. Notice how most stocks are bearish turning up, yet there are a few showing Gold, meaning they have turned bullish.

Stock Scan

These stocks, showing True in the Scan, are all still above all 3 moving averages. If you are looking for a stock to buy, this is the way to find them. Can't figure out how to set up this Scan? Give me a call and I'll help you--for Free.

There are NO stocks in the S&P 500 that meet the criteria of this scan this week. A few are above the 50- and 200-day MAVs, but none are above all three. Very Bearish.

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.

Cathy Wood's 5-year projection for TSLA (chart below) is currently at 4,600 at this juncture.; she lowered her projection a few months ago. Several other pundits I keep track of are suggesting a much higher price also. And they have announced a split in the form of a dividend (whatever that means). That should be bullish. And yet, prices continue to languish.

TSLA lost 46.41 points since last week, but bounced somewhat at the -50% line. The rest of the markets did about the same though the major indices are only down from 20-20%.

The 3 MAVs I watch are at 697.67 ,815.00, and 912.71. That means that we had a Death Cross (where the 50-day MAV crossed below the 200-day MAV) and are still below the MAVs.

The DMA Midline lies at 731.82 while the LIB is at 673.09 and the LOB is at 638.20. Price is currently at 650.28. That's quite a change since I was last writing this a month ago.

But! The DMA_H signalled bullish and is still in a bullish configuration. It seems possible that TSLA could move from its current price up to the 21-day MAV at 697.67 if we have a Bear Market Rally.

Seems to me people should be flocking to TSLA with gas prices right at $6.50/gal in California for where I live --for Regular!

That said, I'm currently disavowed of Elon Musk. His Tweets are almost as bad as Trump's.

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.

As you all know, I sold my holdings in TSLA at 1093.87 on 4/5/22. That's 445 points ago. Several readers have asked me to let them know when I buy back in. I'll definitely let you know. And since we now have a bullish signal I'm watching Monday's action to buy back in. If price goes up Monday, I'm going to buy for a run to the DMA MidLIne and then take profits again.

DEFINITIONS

Attractor: I coined this term to refer to the market's tendency to revert to the mean. An Attractor can be a line of support or resistance, a moving average, a Fibonacci line or a trendline. The markets tend to return to the Attractors. An Attractor is often a horizontal line or a trendline drawn, not on highs and lows, but at the preponderance of prices. Attractors are drawn around heavy market activity, not on extrema.
DMA: My DynamicMoving Average—calculates its own lengths internally and dynamically. When the DMA Purple line is above the Gold line I say "Purple is on top" and if the Gold line is above the Purple line I say "Gold is on top." Purple on top denotes bearishness while Gold on top denotes bullishness.
DMA_H: DynamicMoving Average Histogram—The difference between the two DMA lines (Gold and Purple) plotted as a histogram.
MidAngle: The angle of the MidLine in degrees. When it's flat I avoid trading, or stay in the previous position.
MidLine: The average of the Gold and Purple lines. You can set SBands to use it if you like it. I keep it on my charts plotted in black.
PHW stands for Potential Hourly Wage. This indicator places dots at ideal turning points on the chart. The RadarScreen version is what I use in the RadarScreen display above to identify the most tradeable stocks.
UIB, UOB, LIB, LOB: referring to SunnyBands: UpperInnerBand, UpperOuterBand, LowerInnerBand, LowerOuterBand respectively.
Who's On Top: purple and gold dots at the bottom of my charts that clearly display whether the Purple DMA or the Gold DMA is on top.

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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I love listening to happy music while I write and program. Here's today's song: You Make My Dreams Come True by Hall & Oates.

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

"Sunny Harris is unique in the trading industry. Working with her is more like becoming a student than a customer. The name of her website and branding is very accurate: MoneyMentor.com is a spot-on description for Sunny's passion to truly mentor and cultivate your trading and financial skills. Many others in the world of trading and finance are sales-pitch heavy from the initial interaction with them. Sunny's approach is refreshing -- it is an invitation for you to learn, rather than a sales pitch to buy. Having worked with her for many months, I honestly believe Sunny's life philosophy is "you only have what you give". She is trying to give to the aspiring traders of the world a life-time of knowledge. She has condensed her 40-years of experience into a framework for thinking about finance that will surely enrich you. I give Sunny my highest recommendation and hold her in the highest regard. I wish I had become her mentee 20 years ago!"- Justin H.
"Impressive Resume! Wow. You have forgotten more than most of us will likely learn. :)" - Kevin S.
"You're the best person in the world." - Rich L.
"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.

"U r still a genius!!! Not a single losing trade all week!!!" - Chip S.

Consulting Packages

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.

Strategies, Indicators & Custom Programming

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.