Sunday November 5, 2023 VOLUME 7 ISSUE 42
The Definitive Guide to TradeStation's EasyLanguage & OOEL Programming--Vol I: Programming Guideand Vol II: Reference Guide NOW AVAILABLE on Amazon.com. Go to www.easylanguageooel.com, register as a Free Member and I'll send your FREE indicators right away!
>>> FREE OFFER: Both books FREE with purchase of SunnyBands. Expires 10/31/2023.
Take a look at the NEW Slope Indicator on these charts. Green when it's moving up, Red when it's moving down, Yellow highlights when it's sideways.
>>> INTERESTED?? . DAILY SIGNALS . FROM "SUNNY SIDE OF THE STREET" . 12 SYMBOLS ... QUICK POSITIONS AND ALERTS . ISSUED 5 DAYS A WEEK . sunny@moneymentor.com
>>> To Get YOUR DAILY SIGNALS EMAIL from Sunny Side of the Street Analytics, CLICK HERE.
ALL NEW! Announcing Daily Alerts from this Newsletter? Please let me know it you would like to receive DAILY UPDATES on the Signal Status of the Symbols in this newsletter. By the time each Sunday rolls around the SunnyBands Signals could be nearly a week old. If you want to know when the signals appear, let me know that you'd be interested if I do it, to SSS Daily.
"When pursuing prosperity you must follow the laws of Heaven. Don't be afraid to be kind and charitable." - Hok Yat Louie (Brandt Louie's grandfather)
Want to see a Quick Slide Set pdf of the SunnyBands Rules I use? Click Here and become a Free Member of MoneyMentor, or if you're already a Member, just Login.
"I just wanted to update you on how trading is going with SunnyBands. I hope I am not jinxing myself by telling you this, but I am so happy with your indicators that I wanted to share with you. From the start of the trial on 8/29 until I purchased your indicators on 9/6, my portfolio was up 28%. From the start of the trial to today, my portfolio is up 74%!!! Thank you so much for your help and your indicators!! I have so much more confidence in trading now and I am still learning!! I can only see things improving from here. Thank you so much!!!!" -Margaret K.
NEW Podcasts Dropped: Brad Matheny, Alexander Elder, William Eng, Louis Navellier, Cynthia Kase, Howard Getson, Jake Bernstein, Arch Crawford, Henry Weingarten, Robert Pardo, Sherman & Tom McClellan, Stan Ehrlich, Steven Primo, Carolyn Boroden, Markus Heitkoetter, Dan Passarelli, Ted Hearne, Larry Pesavento and Norm Winski. Great interviews with Sunny & Sam. Give 'em a listen! Coming Next: Hima Reddy.
More Sunny Harris interviews: Podcasts with Etienne Crete's Desire to Trade (#2). The Matt Kohrs Show, Moon Dev, AlphaCast, Macro Jabber, Alternative Investments, Casey Stubbs of How to Trade It, Chat with Traders, Michael Filighera's Eye of the Storm, The Daily Traders and Etienne Crete's Desire to Trade. Interview in Business Insider.
HAPPY HALF HOUR! On Monday December 4th at 1:15pm PT. I will be hosting the Next Free Networking Event for all Traders new and old to join in the discussion and "get to know each other" event. Sign Up Here. This Free meeting of like minds will be held once a month, on the 4th of each month. We all had a great time and shared liberally on the 4th of September. It's a lot of fun! Don't miss it next time. Click HERE to join us. You must be registered to get the invitation and link.
>>FREE Live Demo REPLAY Posted. Learn how I use SunnyBands to trade.
>>FREE Replay of Live Trading Room (Trade Along with Sunny)
>>FREE Trial of Sunny's Most Powerful Indicators. Click Here. You have 7 (calendar) days to watch it and learn! I can only take 20 trials per month and all start on a Monday. Get your request in early.
If you are new to Sunny Side of the Street you might be unfamiliar with the rules I use to interpret my Indicators. If that's the case, you can download the Indicator Manual Here. Or you can see the 9 slides for a quick presentation of SunnyBands Rules.
PLEASE REPLY: I have been asked to look at other symbols besides ES in Trade Along with Sunny. Here's your chance to let your wishes be known. Do you want to see other symbols, and if so WHAT symbols? Comment Here.
If you haven't already, Watch the Live Demo Replay Here. Learn how Sunny interprets her indicators. No sales pitches, only Education and Support. Whether you do have or do not yet have SunnyBands, PHW, or DynamicMAV, you will not want to miss this expose'.
And there is one of the Live Trading Room sessions available Here if you'd like to see how I trade.
Want to try them out? Click Here for a FREE Trial of Sunny's Indicators. I will Personally walk you through Installation (Zoom) and explain to you EXACTLY how I use them in my day-to-day trading. I've been trading for 42 years and this is what I use Every Day. I don't hold anything back. The week of your Trial I personally will have another Zoom call with you during the Trial to walk you through trading them in the Live Markets. It's True White Glove Service.
"You can use SunnyBands for Options on QQQ. When it goes purple I go! It's a sure bet. Price crosses above LOB sometimes, wait for a couple bars within LOB. Catch it on Friday on options expiration sell puts and it's a sure thing! I did it on TSLA too." - Aaron R.
If you Didn't Attend the "EasyLanguage Forum", but would like Access to the Videos and Slides, here's where to get them. Sam Tennis and I covered EasyLanguage from Beginners to Intermediate. And even some OOEL. It was intense and lots of fun. If you couldn't come and want the materials you may purchase them for a modest cost here: Order Form. You won't learn EasyLanguage anywhere else faster.
EasyLanguage Forum
Want to learn EasyLanguage in 5 1-hour video sessions? Click here to purchase (just $79.95). If you Registered for the EasyLanguage Forum and would like to view the Slides and Video, use your email and password to Login. If you forgot your password, just shoot me an email.
If you didn't Register and didn't attend the classes, you may want to access the Slides and Videos. For a modest fee, they are HERE. This is the best place to learn TradeStation's EasyLanguage.
Samuel K. Tennis is world-renowned as "Mr. EasyLanguage" as he was the lead programmer, designer and programmer of EasyLanguage when he was working for Omega Research, which changed its name to TradeStation in 2001.
Sam Tennis is offering EasyLanguage Mentoring Sessions. If you are interested, please fill out this little form.
FREE OFFER: BOTH BOOKS FREE with purchase of SunnyBands! Offer Expires 11/15/23.
Sunny J. Harris has been a professional trader since 1981 (through all the Bear and Bull markets) and author of "TradeStation Made Easy!" and "Trading 101", "Trading 102", "Electronic Day Trading 101", and "Getting Started in Trading". She began using TradeStation & EasyLanguage (at the time "System Writer") in 1987 and has been a TradeStation Beta Tester ever since.
Sunny and Sam (Samuel K. Tennis is a master EasyLanguage programmer & former lead programmer developing TradeStation and EZL) have been friends for more than 30 years and are partners in writing our new "The Definitive Guide to TradeStation's EasyLanguage & OOEL Programming" Volume I, the Programming Guide, and Volume II, the Reference Guide. AND, they are in full color!
Vol I: Programming Guide and Vol II: Reference Guide NOW AVAILABLE on Amazon.com. Just email me a copy of your proof of purchase and I'll send your Free Code right away! Both Volumes are NOW AVAILABLE on Amazon.com.
Podcast: The Sunny Harris Show! with Sam Tennis
And in another vein, if you'd like to visit the Podcast interviews of Sunny they are available Here.
The most recent Episodes are with Brad Matheny, Dr. Alexander Elder, William Eng, Louis Navellier, Cynthia Kase, Howard Getson, Jake Bernstein, Arch Crawford, Henry Weingarten, Robert Pardo. Sherman & Tom McClellan, Stan Ehrlich. Steven Primo, Carolyn Boroden, Markus Heitkoetter. Dan Passarelli, Ted Hearne. Larry Pesavento and Norm Winski were before that and the world famous Linda Bradford Raschke, Robert Colby, and a historical visit with Larry Williams who is the master of commodity and futures trading as well as the prolific author of 11 books. Get to know them personally! The podcast is not to miss. Before that were legends Wally Olopade, Price Headley, Jody Samuels, Harry Boxer and Peter Eliades and then Michael Filighera illustrious Elliottician. 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 episodes will include Hima Reddy . I listen to Podcasts while I trade! You don't have to just sit there and do nothing else; listen to podasts while you trade.
Don't miss these Podcasts! These have been delightful and enlightening interviews into the lives of legendary traders and their take on the markets.
Link to Sam Tennis' Products below. Link to Sunny's Products. NEW: Scan for bullish stocks.
Please take a look at my YouTube channel, (or search for Sunny Harris on YouTube) subscribe, and give me ideas of what else you would like me to include. I'm ready to record more videos. I just posted the Live Demo to YouTube.
QUICKLINKS: VantagePoint | Last Week I said | Dow | ES | SunnyBands Implications | Trading Room | Automated Strategy | Multiple Timeframes | Stocks | Oil | BitCoin & Etherium | Gold | Bonds | Diatribe | DEFINITIONS| Quips & Quotes
ALL NEW HAPPY HALF HOUR . TRADERS' NETWORKING . SATURDAY NOV 4 at 1:15pm Pacific . ASK QUESTIONS . SHARE STORIES
VantagePoint ai Prediction for Tomorrow
Click Here to attend a Free informative presentation.
The Dow closed at +34,061.32 Friday, up about 2,000 points on the week. The VantagePoint prediction for Monday is for a higher day with a higher high and higher low. The predicted high is 34,315 and the low is 34,076. That's a range of over 239 points on the day.
All 3 MAVs are well above the zero-line an heading upward. The only snag is that the Short-Term MAV is flat and about to cross the Medium-Term MAV. That could put a monkey wrench in the works. VP may be saying we should go up tomorrow, but I'm skeptical. A move up would take us above the current Attractors and will be difficult to make.
On the SunnyBands of the Dow price muved from the Lower Outer Band (LBO) sharply to the UOB where it now stands. We arent' much above the previous pivot high so it is uncertain where price will go next.
Take a look at the Monthly Dow chart below to see what I'm looking at longer term.
Glenn Neely's Market Prediction
Glenn Neely has graciously granted us continued access to his weekly predictions! Take a look at how accurate Glenn's chart patterns have been with his NEoWave River Theory and NEoWave technology. See where he thinks it will go next.
In today's Crypto chart is a Weekly view so you can see longer term predictions. Click on the link to http://www.NEoWave.com visit his website.
Here is the Weekly NEoWave projection of Crypto. He posts it on Monday afternoons, so it will be updated then. Come back and re-load (CTRL-R or F5) to see it.
http://www.NEoWave.com
SunnyBands Implications Dow Jones
Dow Jones
The stats for the Dow are:
The Dow finished this week up strongly in gap after gap by +1,643.73 as it moved from the LOB to the UOB in 5 short days.
My Facebook post of the potential down draft might be premature. If we don't make it decisively above the 21-period MAV we will head down again. But if we decisively break the 21 it's on up to the skys. Or at leat to the next Attractor at 35,352.
Notice the 3 MAVs on the chart. Right now we are above both the 21- and 55-day MAV, which is bullish. Now we need to get above the UOB to get above the channel that has been in place since October.
In a surprise move upward due to the Fed's reluctance to raise interest rates again we are now at the UOB and above the DMA in a strong move. There's a lot of room still on the upside, but we are fighting a Flat DMA that might be resistance. Purple is on top for now but the DMA_Histogram lines are Green and getting shorter, which could easily turn to Gold and Bullish.
There was a Buy signal on 10/31/23 at 33,274.58 and with price now at 34,061 it has 787 points of potential profit in it.
When this SSS comes out on Sunday night, you will have all the Current Signals. But, they are only for the next day. Would you like to have these Positions and Signals EVERY DAY? I'm thinking about offering a Daily Update to SSS, but only if enough people are interested. ARE YOU INTERESTED? IF so, please let me know HERE. This is not a subscription yet, it's just for me to find out who's interested. And, please tell me what price point you would think is fair.
The DMA_Histogram is under the zero-line but is Green and turning up. As it gets shorter it is more likely to turn Gold and go above the zero-line for more movement upward.
We got a SunnyBands Sell signal on 09/15/23 that was confirmed at 34,624. It closed on 10/05/23 with 1,505 points of potential profit. We closed the Buy signal from 33,119.67 at 33,414 for 295 points of potential profit.
The previous sell signal got 486 points of potential profit before being reversed to a long signal.
We are now in a Buy signal from 33,052 on 10/31/23 and with current price at 34,061 we have a potential of 1,009 points of profit in it.
The slope of the DMA is now at a sharp +87 degrees, showing the last 3 bars have sloped sharply upward.
In a Facebook post 2 weeks ago I stated that current market activity is looking suspiciously like the early fall of 1987. We have a parabolic move up followed by a steep correction and the subsequent new highs have not exceeded the high of January 2022. Here's what that looks like on a monthly chart. We shall see. The market has broken the 21-period MAV this week and could be heading on up.
Instead of showing you the 30 symbol Dow index this time I'm showing you the S&P 500 ES futures contract. Note how far it had now dropped below the DMA and the 21-period MAV! And as a result of this week has negated that bearish signal by heading straight upward.
The DMA is Flat, denoting indecision, so it could just as easily pop back down to the DMA. This is a precarious position. The Fibonacci 23.6% line is at 3,955, which would be a sensible next target. And, the DMA, being flat, could easily serve as both resistance and support. There's no way to tell until price action confirms the direction.
The next upside target is overhead at 4,839 at the UOB. The next downside target is at 3,319, where the is also a Strong Attractor. Now, mind you, I'm not saying I'm forecasting a Crash. I'm simply being aware of my surroundings and am ready for whatever comes.
Notice the down-sloping trendline I've drawn on the monthly percent change chart: We have lower highs, which is what happened in the fall of 1987. It resulted in a LARGE move down. And we have an up-sloping trendline that could hold prices up. We could easily move up to the trendline or to the lower trendline. Only time will tell with this one. Be careful.
On the Weekly Dow chart, price is sstill beneath the DMA, even with the dramatic moves of this past week. Price is right at the DMA which has Purple on top. The DMA is now sloping downward. And price is, even though having a big blue bar, right below the Purple DMA.. I think it could go either way this week.
Looking again at the Dow Daily chart, price sits now at 34.,061 which is right between the UOB and UIB. That's usually bullish, but I'm a bit skeptical this week. Yes, we had good news with the FOMC but will it last?
Note that I had a Dueling Bull and Bear at the top of this newsletter for a while and now I've changed it to a bear walking a tight rope of sorts. I'm not confident we are really in a Bear Market yet, so it will stay a struggle for now.
Keep in mind that markets rarely go straight up or straight down. They usually move in fits and starts. And this one is not yet (on the Weekly chart) above the sideways channel. On the Daily chart we are still in the lower half of the channel. The all-time high was on 01/14/22 at 36,513 and we look to be heading there, though very slowly and waiting for this correction to resolve.
The Podcasts of Brad Matheny, William Eng, Louis Navellier, Cynthia Kase, Howard Getson, Jake Bernstein, Arch Crawford, Henry Weingarten, Robert Pardo, Sherman & Tom McClellan, Stan Ehrlich, Steven Primo, Carolyn Boroden, Markus Heitkoetter, Dan Passarelli, Ted Hearne, Larry Pesavento, Norm Winski, Greg Morris, Larry Williams, Linda Bradford Raschke, Anka Metcalf and Robert Colby are now posted. Enjoy these great interviews. Hima Reddy coming Next! And after that whom would you like to see next?
S&P 500
Along with the DOW, the ES was up strongly... +238.25 this week. It was every day of the week, likely in response to the Fed's non-tightening news.
In the overnight market this evening the @ES is trading up +4 at 4,380.
The ES is well above the Flat DMA now with Purple still on top, also showing on the DMA_Histogram as Green bars, and moving upward with the possibilty of going above the DMA and turning Gold.
Last time I said: "There is a pretty strong Attractor at 4,234 which could hold further downside movement. But it's not the most likely scenario." And indeed it wasn't. The market broke right through it.
The current SunnyBands signal is a Buy that popped above the LIB and continued right upward. Price is above the Flat DMA but Purple is on top and Flat. Price is right at a Strong Attractor that could hold down further price action upward. But, It could just as easily be broken and we could face further upside action.
Quips & Quotes
Here are a few quotes from my users these past few weeks. Read this LATEST one:
"My consulting sessions with Sunny started from a cringeworthy point. I was a rank novice. I was impressed with her patience and calm responses as we began working on terminology, process and setting up my trading platform. She was great at directing me to areas I needed to supplement my learning, as well as guiding me away from subjects distracting to a beginner. With her decades of expertise, she was able to break down complexities into bite-sized chunks so that sessions were productive. I found over a short period of time I was asking smarter questions, and eager to learn more. Sunny is a talented mathematician and programmer who develops her own tools, but her style of coaching is cheerful and encouraging, not intimidating. You become a student of the craft of trading -- setting up your own strategies, and testing them until you know they're likely to work. The SunnyBands system she created and sells is also what she trades with herself. If you are a beginner, she can start at an appropriate point for you and raise you up to the level you're ready for her SunnyBands system. I'm still a work-in-progress, but with Sunny I chose a solid business partner, and as it turned out, I also made a good friend. Thoroughly recommend Sunny!" -Jill T.
"I made $5,772 on the first day of my free trial of SunnyBands. It told me exactly where the turns were, even with the high volatility today. You are one of the very few people that allows test drives. It's nothing short of amazing!" -Aaron R.
"I want you to know that you’re truly an amazing person and how grateful we are to have you as a mentor/teacher. We Love You." - TJ N.
"Nice Bands! This morning I did a couple of quick MES buys and sells. Then I bought into an upward moving ES [signaled by the DMA_H]. Followed it to the top [SunnyBand]. Closed. Sold short at the top [SunnyBand.] Followed it to the bottom [SunnyBand]. A $4,000 account (what I had moved to the Futures account) returned about $2,000. Doesn’t get any better than that!". - Don M.
DMA_Histogram in Various TimeFrames
Here we have several different time frames on the ES Continuous Contract. This is a view of the RadarScreen with the DMA_Histogram showing the Direction of the DMA and what color it is.
Note that there is a new column in this figure: Bars Ago. A client of mine asked for this extension, and here it is. This tells how many bars it has been since the Direction reversed.
When the DMA_Histogram turns Gold it means that the Gold DMA is on top. When it turns Purple it means that the Purple DMA is on top.
While Purple is on top and the DMA_H is below the zero-line it turns Green to highlight change of trend and the possibility of a Bullish movement.
While Gold is on top and the DMA_H is above the zero-line it turns Red to highlight change of trend and the possibility of a Bearish movement.
Note, I always wait for Price Action to Confirm the move before taking a position.
Notice the new column, in black. At a client's request I added "Bars Ago" to show how many bars ago the Direction flipped.
I hear you saying that makes sense to me, but what does this chart say? Look in the SDMA and Dir columns. Purple means Purple is on top in the DMA; Gold means Gold is on top; Green means Purple is on top but price is likely changing direction; Red means Gold is on top but price is likely getting ready to go down.
RadarScreen of Stocks
Here again, back by popular demand, is my RadarScreen of S&P 500 Stocks:
The RadarScreen shown here is sorted by the PHW. Notice that it's about half and half with respect to the configurations (light Red) with te DMA Direction showing "/\" which says was up now turning down. For your own look at this RadarScreen, order the DMA_H_R from my order form.
Stock Scan for those Above all 3 MAVs & >1 million shares traded
This Scan includes a condition that symbols must have >= 1,000,000 volume as well as being above all 3 MAVs, as well as Price being between 20 and 200. That narrows the search down quite a bit. And now there are only 30 stocks that meet the conditions this week (21 last week), another slight increase over last week. You could now check out these symbols against the RadarScreen figure above to see which of these has the highest PHW for trading.
Note that this week there are only 44 stocks that qualify, while there were only 17 last week. Pretty bearish still.
Stocks
Created : 11/05/2023 10:14am Symbol "META", Bar Type = Daily Last Close = +314.60 : the close Friday was at +314.60. Change from last Sunday (+/-) (+296.73) = +17.87 Purple or Gold on top? Purple UOB = +329.78 UIB = +321.01 MidLine = +307.76 MidAngle = 307.76 LIB = +294.52 LOB = +285.75 Above/Below 21-day MAV = 312.30 - Above Above/Below 50-day MAV = 305.27 - Above Above/Below 200-day MAV = 255.17 - Above Color of DMA_H = Green All Time High = +384.33 Percent = -18.14% on 09/01/2021 547 bars ago.
META was up this week by +17.87 points to land at 314.99.
We got a SunnyBands Buy signal on 10/30/23 at 302.66 for a clear 12 points of potential profit.
Price is above all 3 MAVs and on Thursday and Friday battled with the Flat DMA to end the week resting right at the DMA. Not only is it at the DMA but there is an Attractor right at that same level which could hold price down. Nevertheless, Flat DMA means Congestion, so a break above that level should be decisive.
META has been stagnant in its movement since August. In classic Technical Analysis we could call this a lateral Flag which is typically resolved in the direction of the flagpole, which in this case would mean UP.
The overhead Attractor lies at 388 which would be a very nice run up!
On the Weekly chart price has been moving inside the SunnyBands channel going sideways for about 14 weeks. It could go either way, but I'm voting for UP, on a breakout of the Flag.
NVDA: Nvidia Corp.
I have removed KDP (I don't really need 2 coffee companies) and added Nvidia, which LOTS of folks watch. Even me. I hope you profit from the analysis.
Let's start out with a long-range analysis. NVDA, on the monthly chart, (you'll have to open it yourself on your computer) just got a confirmed SunnyBands Sell signal. And yet, the following candle is Green and moved above the body of the "sell" candle, negating the signal. The staple of so many portfolios is going down, unless the gaps created on last week's charts continue on upward, pulling everything else in the up draft. The Attractor below current price is at 352. The Attractor above that is at 501. I like this stock and it's one that I trade.
Last week, on the Daily chart, we gained +45.05 points on NVDA.
We are above all 3 MAVs, which is Bullish. Price is currently at 450.89 after than run up. Again we have a Flag formation that is likely to resolve in the direction of the flagpole: up..
There is a Strong Attractor above current price, at 504.97. That would be another 50 or so points up.
A SunnyBands Buy signal occurred on 11/01/23 at 423.25 and price is right now at 450.89 for a potential profit of over 27 points per share. Think about that! Shouldn't you be trading with SunnyBands? Free 7-day Trial with White Glove installation and orientation Zooms with Sunny personally.
Now let's consider this coffee company: SBUX (Starbucks).
The stats for SBUX are:
SBUX gained +10.63 points on the week resting at 102.54. That's a gap up from the LIB right to the UOB!
We are now in a SunnyBands Buy signal generated by the surprise move upward to the UOB. Slope went from 0 degrees to +33 degrees in one explosive candle.
If you are interested in getting these signals DAILY in addition to Weekly, please let me know.
The DMA_Histogram had been at, or very near, zero for a couple of weeks, echoing the thought that we are going nowhere. This week the DMA_Histogram shot up from Purple to Gold in one candle. Too slippery to catch on that gap up.
Paying attention to these SunnyBands signals keeps me consistent. If you haven't already, maybe you'd like to get a FREE 7-day Trial for yourself. It's FREE and it comes with 2 Zoom sessions where I Personally give you Free Installation and Orientation on in the live markets.
HUM
The stats for HUM are:
Created : 11/05/2023 10:47am Symbol "HUM", Bar Type = Daily Last Close = +477.01 : the close Friday was at +477.01. Change from last Sunday (+/-) (+510.19) = -33.18 Purple or Gold on top? Purple UOB = +529.66 UIB = +519.04 MidLine = +502.56 MidAngle = 502.56 LIB = +486.08 LOB = +475.46 Above/Below 21-day MAV = 508.41 - Below Above/Below 50-day MAV = 491.72 - Below Above/Below 200-day MAV = 491.08 - Below Color of DMA_H = Purple All Time High = +571.30 Percent = -16.50% on 11/03/2022 251 bars ago.
Last time I said: "HUM is flirting with going down, and has confirmed a SunnyBands Sell signal on 10/18/23 from 521.69." This week we are down by -33.18, which is just the reverse of the overall market jumps. We are in a Sell signal from 10/18/23 at 521.69, for a cool 44+ points of potential profit.
Purple is on top and the DMA is now sloping down at 58 degrees, which tells me that the move down is likely to go lower.
Price is Below all 3 MAVs. Last time I said: "if it breaks the 21-day MAV there is a likelihood that it could go on down to the Attractor at 502 or beyond... even to the 200-day MAV at 491ish." And it bettered that estimate by going down ever farther.
I also said: "The next upward move could be to the Attractor above at 540 OR the LIB at 477.60."" And now it's at 477.01. Darn close!
AMZN
The stats for AMZN are:
Created : 11/05/2023 10:47am Symbol "AMZN", Bar Type = Daily Last Close = +138.60 : the close Friday was at +138.60. Change from last Sunday (+/-) (+127.74) = +10.86 Purple or Gold on top? Gold UOB = +139.88 UIB = +136.35 MidLine = +130.95 MidAngle = 130.95 LIB = +125.55 LOB = +122.02 Above/Below 21-day MAV = 129.94 - Above Above/Below 50-day MAV = 132.38 - Above Above/Below 200-day MAV = 118.28 - Above Color of DMA_H = Gold All Time High = +188.65 Percent = -26.53% on 07/13/2021 583 bars ago.
Price was up on the week, on a GAP on Friday of last week, by +10.86. Price is now right at the UOB on two red candles, which are both above the previous green candle prices, not confirming a sell signal.
We were previously in a SunnyBands Buy signal from 10/27/23 at 127.74. With price now at 138.42 we gained over 10 points of potential profit.
We are still in this Buy signal waiting for more information.
Gold is on top and price is right at the UOB, though slowing its movement upward somewhat. The is an Attractor overhead at 146 that could easily be the next target.
Last time I said: "If I had to guess, I'd say that price will make a run for the UIB at 135." And that's what happened. It even did better than that.
The Weekly the DMA_Histogram is Red and getting shorter, heading toward the zero-line where it will then turn Purple. Crossing the zero-line will mean more downside movement.
Back to the Daily chart, we have just the opposite: Gold is on top, having turned on Friday and Slope is +23.59 degrees.
TSLA
The stats for TSLA are:
Created : 11/05/2023 10:48am Symbol "TSLA", Bar Type = Daily Last Close = +219.96 : the close Friday was at +219.96. Change from last Sunday (+/-) (+207.30) = +12.66 Purple or Gold on top? Purple UOB = +241.09 UIB = +233.18 MidLine = +218.98 MidAngle = 218.98 LIB = +204.78 LOB = +196.87 Above/Below 21-day MAV = 230.32 - Below Above/Below 50-day MAV = 244.90 - Below Above/Below 200-day MAV = 219.06 - Above Color of DMA_H = Green All Time High = +414.50 Percent = -46.93% on 11/04/2021 502 bars ago.
Cathie Wood's 5-year projection for TSLA (chart below) is still at 4,600 which would translate to 1,500 post split; she lowered her projection many months ago. Several other pundits I keep track of are suggesting a much higher price also.
TSLA was up by +12.66 this week and now is sitting right on the Flat DMA which still has Purple on top. To me this always is "be careful" as there could be congestion here. The LOB is at 196.87 and the UOB is at 241.09, and we are half way between.
There was a SunnyBands Buy signal on 11/01/23 at 205.66. Now we are at 220.02 for a cool 14.36 points of potential profit.
On the Weekly chart we had a big Red candle 2 weeks ago that straddled the Flat DMA and price went on down. Now we are up slightly on the Weekly, but not yet to the Flat DMA at 234.44. It looks like that could be the next target.
This is still my favorite stock. But, at this point I'm a trader, not an investor yet until it gets out above the Attractor at 297. The stock is still down from its all-time high, so there is a lot of room on the upside. But again, there's lots of room available on the downside, too.
Seems to me people should be flocking to Teslas with gas prices high still. It is now back up to $5.00/gal in my neighborhood. When I drove up to Santa Monica a few weeks ago for a conference (a 1.75hr drive that took 4 hours) I counted 73 Teslas on the road.
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. I just found out that Mercedes is projecting a 2024 electric Maybach. That's my next car.
Notice that I think TSLA is still a good long-term buy for lots of fundamental reasons (not the least of which is lower prices and huge run-up potential).
ARKK
The stats for ARKK are:
Created : 11/05/2023 10:49am Symbol "ARKK", Bar Type = Daily Last Close = +40.44 : the close Friday was at +40.44. Change from last Sunday (+/-) (+34.10) = +6.34 Purple or Gold on top? Purple UOB = +40.62 UIB = +39.29 MidLine = +37.27 MidAngle = 37.27 LIB = +35.25 LOB = +33.92 Above/Below 21-day MAV = 37.31 - Above Above/Below 50-day MAV = 39.72 - Above Above/Below 200-day MAV = 40.75 - Below Color of DMA_H = Green All Time High = +159.70 Percent = -74.68% on 02/16/2021 685 bars ago.
On the Weekly chart ARKK is still going back and forth between the SunnyBands channel which is just moving sideways. Last week it took a jump up to the DMA, but not breaking through.
On the Daily chart it looks like 2 Gap days took price up to the UOB. That's certainly progress, but the Weekly looks weak.
The Attractor at 45.48 is still well above the UOB and could serve as a future target but probably not for a long time. ARKK is also in a Bearish Death Cross which could mean lower prices to come.
On a positive note, price is very nearly touching, if not crossing, the 200-day MAV. If that happens it could easily porten more upward movement.
I have twice offered Cathie Wood FREE use of SunnyBands for stock selection and timing. No answer. I really want to see this powerful woman succeed. IF any of you have a connection, please let me know. Comments.
Who's On Top (Daily) at the bottom of the chart is now Purple. HOWEVER, the DMA is now sloping at 7.03 degrees and about to turn Gold. That could also cause a continuation of the upward movement.
This week she did very little trading in her accounts. Though she did Sell 74926 shares of DKNG.
When you think about your own trading successes (or lack thereof), take a look at what one of the most notable traders (Cathie Wood) has done. Don't feel bad. It happens to the best of us. And so can recovery.
I do think, still, that she over-trades. And bottom fishing is a risky business!
We interviewed Louis Navellier for our Podcast this week. Among other things he told us something very interesting. He said that big traders now make their money on the spread (Difference between Bid and Ask) since commissions are usually zero now. Thus, the more ARKK trades the more profit she makes, even if the stock symbol doesn't profit itself.
MSFT
Created : 11/03/2023 05:49pm Symbol "MSFT", Bar Type = Daily Last Close = +352.80 : the close Friday was at +352.80. Change from last Sunday (+/-) (+329.81) = +22.99 Purple or Gold on top? Gold UOB = +351.85 UIB = +344.93 MidLine = +333.62 MidAngle = 333.62 LIB = +322.31 LOB = +315.39 Above/Below 21-day MAV = 333.83 - Above Above/Below 50-day MAV = 328.73 - Above Above/Below 200-day MAV = 307.77 - Above Color of DMA_H = Gold All Time High = +366.78 Percent = -3.81% on 07/18/2023 77 bars ago.
MSFT (closing at +329.81 up by +3.14 on the week) is now above all 3 MAVs. This is Bullish.
Just over 9 weeks ago MSFT made a new all-time high but dropped right back down from that level...to the DMA. Now it is making up for lost time by stretching back up toward the UOB and the Attractor overhead at 366. That's a mere 14 points to go to make another all time high.
Note, however, that we had a SunnyBands Sell signal that was confirmed on Thursday at 327.89. And immediately reversed by a Buy signal on 10/30/23 at 337.31. Now, with price at 352.84 we have 15 points of potential profit.
Don't ever try to lead the market. It is always right.
VantagePoint shows an Inside Day for tomorrow, with the predicted high less than Friday's high and greater than the low of Friday.
Don't you think you should purchase the SunnyBands and DMA_H for your own? Sure helps Profits! Are you serious about making money trading? You're leaving money on the table if you aren't trading with SunnyBands.
If you want a Free 7-day Trial, CLICK HERE and we'll set it up.
"This is INSANE! I'm up over $11,000 in four days. Even 1/10th of these results & I'm speechless!" [Using SunnyBands during a Free Trial]. - Brian K. EDITOR'S NOTE: Brian is now up over $100,000! Six months later.
Buy the DMA_H and SunnyBands for yourself. They are life savers. I totally rely on them for my own trading. And I want you to have the success you deserve! 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.
Please join my Podcast (The Sunny Harris Show! with Sam Tennis). It's a lot of fun getting to know the Gurus from a personal standpoint and hear their predictions for the coming market. I listen to podcasts while I trade. The most recent Podcast is with Louis Navellier.
Oil
The stats for CL are:
Crude Light (CL) is down this week by -5.03 points. We are in a SunnyBands Sell signal from 10/23/23 at 85.49 and are now right at 80.89 for 4.6 points of potential profit. That's an improvement from last week.
Last week I said: "Friday's price touched the trendline on a red candle which is an alert that Monday might confirm the Sell signal." And Monday last week did confirm the Sell Signal. And we remain there.
On the Weekly price is sliding along sideways with the Flat DMA. Gold is on top but the lines on the DMA_Histogram are not very long, though they are Red. Price touched the Flat DMA on the Weekly on a Low, but closed right on the DMA, which is Flat. Slope is at 1.15 degrees. (I consider anything between +5 and -5 to be Flat.)
Regular gasoline at the pump in my neighborhood is $5.29, a little lower than it had been. Today I topped off my half-tank of gas at $52.30. Half a tank!
Putin and Netanyahu will decide where price is going next. If, and it looks likely, Russia begins to support Kaliningrad to the West of Lithuania and North of Poland we will get into a war with Putin, with NATO defending Lithuania and Poland, members of the EU. If that happens, crude will be needed to support the war and prices will respond.
BitCoin, Etherium, Gold, Bonds
BitCoin
The stats for BTC are:
Created : 11/03/2023 05:34pm Symbol "@BTC", Bar Type = Daily Last Close = +34,805 : the close Friday was at +34,805. Change from last Sunday (+/-) (+33,955) = +850 Purple or Gold on top? Gold UOB = +36,505 UIB = +35,260 MidLine = +33,205 MidAngle = 33205.00 LIB = +31,150 LOB = +29,905 Above/Below 21-day MAV = 31251.67 - Above Above/Below 50-day MAV = 28890.30 - Above Above/Below 200-day MAV = 28704.72 - Above Color of DMA_H = Red All Time High = +71,600 Percent = -51.39% on 11/10/2021 499 bars ago.
BitCoin was up +850 points on the week (to +33,955) in what some are calling a "flight to safety". I don't know it that's it, but certainly it can make funds transferring between foreign countries easier.
The week was largely sideway even though price touched the UOB on Thursday. It's probably the pause that refreshes with more news to follow this week which will influence the next direction.
In the after-hours market BTC is up +815 to 35,600.
The Weekly chart is strong with price now above the UOB and Gold on top. Oon the DMA Histogram Gold bars are showing, giving further impetus to rising prices. The Slope is also strongly positive. (If you want the Slope Indicator click here and let me know.)
Time before last I said: "The DMA is Flat and on the DMA_H Gold is showing and has crossed above the zero-line but just barely. That means to me that higher prices are coming." And they are doing just that.
Still, on the Monthly, price is still languishing below the Purple DMA, which is Flat, and is sitting right on the next Attractor that's at 25,434. But, the DMA_Histogram has turned Green which might portend higher prices coming.
We are a long way from the all-time highs of 70,000 during the irrational exhuberance phase.
The week was nothing if not sideways on the Monthly chart. Lots of indecision with the DMA_H barely registering, but mathematically in Purple and below the zero-line though turning Green.
Bitcoin had been very choppy this past week on the Daily chart, with lots of congestion. But prior to this week has put in new local highs taking us as high as 36,575.
On the Daily chart, we got a Sell Signal on Thursday that was confirmed on Friday and contraverted on Monday. Gold is on top with a Slope of 89 so it looks like price could go on up if it pops out of this Pennant formation or go down if it pierces the other Pennant boundary.
It looks to me like BTC has room on the upside and the downside as well. With the action soft this week we could be in for a bit of a retracement. Possibly down to the DMA at 33,205.
In our Podcast interview with Ted Hearne, he pointed out that the stock market is going down and Bitcoin is going sideways. He believes that shows strength in BitCoin. Check it out.
Ethereum
The stats for Ethereum are:
Created : 11/03/2023 05:43pm Symbol "ETHUSD", Bar Type = Daily Last Close = +1,829.84 : the close Friday was at +1,829.84. Change from last Sunday (+/-) (+1,781.37) = +48.47 Purple or Gold on top? Gold UOB = +1,920.19 UIB = +1,856.11 MidLine = +1,749.16 MidAngle = 1749.16 LIB = +1,642.21 LOB = +1,578.13 Above/Below 21-day MAV = 1679.57 - Above Above/Below 50-day MAV = 1650.60 - Above Above/Below 200-day MAV = 1755.43 - Above Color of DMA_H = Red All Time High = +4,867.81 Percent = -62.41% on 11/10/2021 517 bars ago.
In the after-hours market ETHUSD is up +68 points, on a gap, to 1,898 after having moved sideways at the end of the week.
The Daily chart shows that ETHUSD had been in a sideways channel since March and a few weeks ago was less than half the way up. Now it has popped into the yellow rectangle channel again, and is about half way up. The top of the rectangle is at 2,041. ETHUSD broke into the bottom of the rectangle over a week ago and is now halfway up again. Price movement made it h igher last week only to be stagnated in sideways action this week.
On the DMA_H we have had lots of Green and Purple bars switching back and forth, and now it is solid Gold this week.
Overhead there is a Fibonacci 61.8% line above current price at 1,876. The previous overhead Attractor is at 1,864. and that price has been met. As I said, the next overhead Attractor is at 2,041, at the top of the rectangle.
Price is now above all 3 MAVs. That's a positive sign for price movement.
Gold is on top with the DMA_H showing Red lines above the zero-line, signalling we could be in for a bit of a correction.
To get further insight we'll look at the Weekly chart next. Price is, like on the Daily, inside the yellow rectangle. Price touched the UIB last week but did not close above it. Slope is at 81 degrees, saying we could still go up farther, but with the DMA Histogram below the zero-line it's tentative.
Gold
The stats for Gold are:
Created : 11/03/2023 05:39pm Symbol "@GC", Bar Type = Daily Last Close = +1,999.2 : the close Friday was at +1,999.2. Change from last Sunday (+/-) (+1,998.5) = +0.7 Purple or Gold on top? Gold UOB = +2,024.2 UIB = +2,004.7 MidLine = +1,969.7 MidAngle = 1969.65 LIB = +1,934.6 LOB = +1,915.1 Above/Below 21-day MAV = 1955.10 - Above Above/Below 50-day MAV = 1937.82 - Above Above/Below 200-day MAV = 1985.66 - Above Color of DMA_H = Red All Time High = +2,277.8 Percent = -12.23% on 09/06/2011 3065 bars ago.
Gold.
Gold closed Friday at +1,998.5, up +4.1 points on the week.
Now we are still in the Buy signal from 10/09/23 at 1,864.3 and with price Friday at +1,999 have 135 points of potential profit in the signal. There was a potential Sell signal this week, but was ignored because the Gold line of the DMA was on top. So far I'm still bullish on this one.
Price went right to the 50% retracement, and then peaked on up to the UOB and retraced slightly. This week it dropped back down to the 50% retracement level.
VantagePoint has been correctly predicting this movement all along for weeks. They suggest the market will move up tomorrow with a predicted high of 2,002 and low of 1,995.
Take a look at the prediction from Glenn Neely in a previous issue which portends significant further down moves in Gold.
On the Monthly chart we are just in a sideways channel with price astraddle the Flat DMA. Slope is +36 denoting a positive outlook for gold. In all likelihood price will move farther upward unless price bounces on the DMA (be nimble: it could do it).
As I said earlier, it has been reported that the Central Banks are buying gold and that should elevate price in the coming months.
Bonds
The stats for @US are:
Created : 11/03/2023 05:40pm Symbol "@US", Bar Type = Daily Last Close = +113.65625 : the close Friday was at +113.65625. Change from last Sunday (+/-) (+109.50000) = +4.15625 Purple or Gold on top? Gold UOB = +115.19649 UIB = +113.66593 MidLine = +111.28435 MidAngle = 111.28 LIB = +108.90276 LOB = +107.37220 Above/Below 21-day MAV = 110.58 - Above Above/Below 50-day MAV = 114.49 - Below Above/Below 200-day MAV = 124.66 - Below Color of DMA_H = Gold All Time High = +185.12500 Percent = -38.61% on 03/09/2020 923 bars ago.
Bonds are up +4.15625 on the week taking yields even lower. This has been a strong week for bonds. The DMA_H has turned Gold which generally signifies I should be looking for Long opportunities.
The Slope is 4.85 degrees (Flat) but shows promise of continuing a bit higher.
Price touched, but did not close above, the UOB on Friday. The next Attractor above price is at 118*18, giving us 4 points of latitude to move upward.
We are above the 21-day MAV now, but below the other two. It's still not Bullish.
We are currently in a Buy signal from 10/23/23 at 109^31 and with price now at 113^13 that's just about 4 points of potential profit.
Wouldn't you rather have these Signals every day instead of at the beginning of the next week? Sure would make timing easier. If you have any interested in this service, CLICK HERE to let me know.
The Fed Spoke on Wednesday which lifted the markets. Caution is advised, however, as another rate increase could still be in store, as the conditions of the economy continue to reveal themselves. Too many folks are now saying that rate increases are over--all behind us. Don't be too sure.
The Fed will Speak again the 12th and 14=3th of December. Will we go up in interest rates or down or hold steady? That's the big IF. No matter what the report is, we will have a reaction. Be on your toes for direction.
Personally, I take them at their word: Rates will continue to increase until inflation is below 2%. What's so hard about understanding that?
On the Monthly chart the US is now below the Strong Attractor that lies at 118^18 and is anchored on the LOB. In fact price is below the LOB. The Monthly DMA_H is once again below the zero-line but has turned Green which could be an early sign of upward pressure.
There is another Attractor on the Monthly chart at 104^11 which became the next level down if interest rates are again raised.
There are several "Fed member speaks" occasions in the next week and price is easily influenced by their missives.
Back to the Daily chart: price is at the UIB and poised to move back up to the high of Friday to break the UOB.
VantagePoint is predicting another up day for tomorrow with the predicted high at 114^27 and the low at 112^17.
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 are eligible for an automatic 10% discount on any of my products. Call if you are interested. 1-760-908-3070 PT OR Click Here and Comment.
If you want a yet better price, buy Sunny's indicators by the Bundle. Up to 20% off! This offer is only good until 09/30/23. Don't Miss Out. This offer won't show up again for a long time.
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.
Correspondence Course: "Solving the Puzzle." 18 lessons and live sessions with Sunny for each lesson. Learn all you need to get started in trading.
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. With them I am alerted to Exact Entries and Exits.
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.
Custom Programming - Need help with an idea you want tested with EasyLanguage? I'm the one to do it for you. Fast and inexpensive.
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.
Sam Tennis' Products
If you would like to be included in Sam's totally educational "It's the Weekend!" newsletter, shoot him an email and say I sent you. It's a lot of fun.
Real-Time Profit/Loss Viewer
ORDER NOW
Scroll the Chart
SCROLL THE CHART DOCKED
Data Report Pro & SPGC Report Pro
Archives
2023 Vol 7:
2022 Vol 6:
2021 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 permanently 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.
