Sunday November 26, 2023 VOLUME 7 ISSUE 45
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!
This coming week I will be having a 15-minute "Live Demo" of both books, right before the live trading room (TAWS). So, be there early on Wednesday and we will start at 06:45am Pacific and do a briefing on the books. Be there! Please. LINK:
>>> FREE OFFER: Both books FREE with purchase of SunnyBands. Expires 11/30/2023.
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 (Flat).
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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. To see the Spreadsheet, CLICK HERE.
"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)
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"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: Hima Reddy, 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!
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.
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 Hima Reddy, 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. I listen to Podcasts while I trade! You don't have to just sit there and do nothing else; listen to our 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 . MONDAY DEC 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 +34,283.10 Friday, up about 664 points on the week after a dramatic week preceding. The VantagePoint prediction for Monday is for a sideways day with a higher high and higher low. The predicted high is 35,073 and the low is 34,910. That's a range of 163 points on the day.
The moving averages are sideways to down, but are all above the zero-line. The short-term MAV is headed downward and is at about 200, and heading for the zero-line.
On the SunnyBands of the Dow price jumped to a gap on Tuesday bring the movement after that to strictly sideways. Nevertheless, price is stagnant and above the UOB. I think we are about to have a 3-wave take us at least to 35,352.
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 Gold 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 Monthly NEoWave long-term projection of the S&P 500. 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 the week at +34,947.28 after a gap up that catapulted most of the move this week. The last 3 days of the week were just lots of indecision. New high? Not new high? Over and over.
Previously I said: "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 least to the next Attractor at 35,352." At this point it would appear that the next phase it to up "up."
On the other side of the coin, I've had two trendlines drawn on the long-term Dow chart for weeks now. Notice on the downward trendline that price is testing, or about to test, that line. It might be building up the steam to make an attempt to go above the trendline. Notice also that the UOB is just above that level and a move much above that will bring a new high. Any new high needs to be above 35,632.
There is a long Head & Shoulders pattern on the daily chart that projects the next movement to be above 36,000.
Notice the 3 MAVs on the chart. Right now we are above all 3 MAVS which are all 3 very near each other on the chart. The close of Friday put price above the UOB, which is a strong sign for tomorrow as it attempts to go above that level. Gold is on top in the DMA and the slope is strongly positive. Gold is rising on the Histogram as well.
Previously I said: "Purple is on top for now but the DMA_Histogram lines are Green and getting shorter, which could easily turn to Gold and Bullish." And now they have. Gold is on top in the DMA as well as the Histogram.
There was a Buy signal on 10/31/23 at 33,052 and with price now at 34,947 it has 1,895 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.
Here's what it looks like. Every night you get the current positions, effective tomorrow.
The DMA_Histogram is above the zero-line and is Gold and turning up. It is more likely to get longer (only if price goes up) and continue the motion. BUT if price drops from here it will generate a Sell signal.
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 34,283 we have a potential of 1,231 points of profit in it.
The slope of the DMA is now at a sharp +87 degrees, showing the last 3 MidLine event have sloped sharply upward, even though price itself is pretty much sidewayw.
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 broke the 21-period MAV last week and could be heading on up.
The next upside target is overhead at 34,576 at the UOB. The next downside target is at 31,490, 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. It would make sense for the monthly Dow to move up to the upper Trendline at about 34,080 and test that level before it decides to reflect off that or break through. These next few weeks will be very telling.
On the Weekly Dow chart, price is not only above the DMA, it has Gold on top and is very near the UIB.
Looking again at the Dow Daily chart, price sits now at the UOB and could easily push beyond that this week. HOWEVER, we have some very important Earnings Reports this week, specifically relating to consumer spending for stocks like WMT, M and TGT.
Note that I had a Bear at the top of this newsletter for a while and now I've changed it to a Bear dueling a Bull. I'm not confident we are really in a Bear or a Bull 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 Hima Reddy, 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. And after that whom would you like to see next?
S&P 500
Along with the DOW, the ES was up +97.00 this week to close the week at +4,527.50. Previously I said "...it wasn't really very bad [Fed Report], which makes me think we have farther up to go." And we went up strongly on Tuesday and then drifted sideways the rest of the week.
The 50% Fibonacci extension (on what I think is a 1-wave of a 3-wave) would take us to 4,550. Right now we are at 4,526 in the after-hours market. So we need 1 good day in the S&P to satisfy that one. The next Fib up is at 4,584 and it's the 61.8% line. That would be 60 points up, and we just proved we could do that in a week.
In the overnight market this evening the @ES is trading down -3 points at 4,524.
The ES is well above the up-sloping DMA now with Gold on top, also showing on the DMA_Histogram as strong Gold bars, and moving upward with (last time I said: "...the possibilty of going above the UOB...) most of the week sitting above the UOB. Though, the last few days of the week took it within spitting distance of the UOB and with tonight's move a bit negative, it could mean we will get a Sell signal soon. Keep your eyes open.
The current SunnyBands signal is a Buy that popped above the LIB on 10/31/23 at 4,212 and continued right upward. Price is above the UOB siightly at 4,424 for a potential of 212 points potential profit per contract so far.
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 the R_DMA is showing about half and half Gold and Red. The Gold stocks are moving up. The Red stocks are "was down, now up". That implies that they will turn to Gold soon. Very few of the symbols listed show up in Green or Purple. To get yours, jump to 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 90 stocks that meet the conditions this week (54 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 90 stocks that qualify, while there were only 54 last week. It's turning more Bullish as the number increases.
Stocks
Created : 11/18/2023 01:03pm Symbol "META", Bar Type = Daily Last Close = +335.04 : the close Friday was at +335.04. Change from last Sunday (+/-) (+328.77) = +6.27 Purple or Gold on top? Gold UOB = +336.93 UIB = +331.10 MidLine = +320.59 MidAngle = 320.59 LIB = +310.07 LOB = +304.24 Above/Below 21-day MAV = 315.82 - Above Above/Below 50-day MAV = 311.55 - Above Above/Below 200-day MAV = 264.00 - Above Color of DMA_H = Gold All Time High = +384.33 Percent = -12.82% on 09/01/2021 557 bars ago.
META was up this week by +6.27 points to land at +335.04. If you'll look at the numbers just above you'll see that it is still down -12.82% since its all-time high. That occurred at 384.33 which I'm hoping is a near goal. That gives it a lot of room to go. I think this because of the ES Fib projections I mentioned above. It the ES goes up to the extensions so will META.
We got a SunnyBands Buy signal on 10/30/23 at 302.66 for a clear 32 points of potential profit.
If you want these signals 5 days a week instead of just at the beginning of the week, LET ME KNOW. It's not available yet by subscription; I'm just taking a survey.
Price is above all 3 MAVs and now between the UOB and the UIB in a Bullish configuration. Price has moved sideways since mid-July and needs to break out now.
From the looks of the chart, it's just forever sideways. BUT, if you look at the Weekly chart instead (this exercise is left to the reader) you'll see that we have and extended Flat pattern in place.
The Monthly chart is even more revealing with 3 months of sideways action followed by improved performance this month.
There is a Strong Attractor above at 382 which could easily be the next target. But I'm guessing it will take about 3 months to get there.
META has been stagnant in its movement since mid-July. 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 382-388 which would be a very nice run up! About 50 points.
On the Weekly chart price has been moving inside the SunnyBands channel going sideways for about 16 weeks. It could go either way, but I'm voting for UP, on a breakout of the Flag.
NVDA: Nvidia Corp.
I hope you profit from the analysis.
NVDA is moving along similarly to META, sideways, since mid-July. In August we posted an all-time high and that must be broken before we go up farther. That lies at 502.66. Price is currently at +492.98. It's not that far to go.
This week was moving up nicely but has not yet posted a new all-time high, so the next movement is in question. Will we break out of the sideways channel and make new highs or will we retrace back down to the lower edge of the channel? The Earnings Report date for NVDA is Nov 21, 2023 and we'll depend on this for the next direction. I wouldn't be at all surprised by a gap up.
We are above all 3 MAVs, which is Bullish. Price is currently at 493.60 after that 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 542. 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 493.60 for a potential profit of over 70 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 +1.24 points on the week resting at 105.47. That's a gap up from the LIB right to the UOB last week! Now, on this week, we've continued the upward swing to rise above the UOB (encouraging) yet Friday's candle was Red and just touched the UOB. That's not encouraging.
We are now in a SunnyBands Buy signal from 102.65 generated by the surprise move upward to the UOB on 11/03/23. Slope went from 0 degrees to +33 degrees in one explosive candle.
We are still at this point in a Buy signal that has 3 points of potential profit in it.
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 were going nowhere. Last week the DMA_Histogram shot up from Purple to Gold in one candle. Too slippery to catch on that gap up. But, it has gone on up from that level, though not a lot. Next week will be telling.
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 : 11/18/2023 01:02pm Symbol "HUM", Bar Type = Daily Last Close = +498.09 : the close Friday was at +498.09. Change from last Sunday (+/-) (+493.11) = +4.98 Purple or Gold on top? Purple UOB = +528.21 UIB = +517.83 MidLine = +501.79 MidAngle = 501.79 LIB = +485.76 LOB = +475.38 Above/Below 21-day MAV = 503.22 - Below Above/Below 50-day MAV = 497.03 - Above Above/Below 200-day MAV = 491.10 - Above Color of DMA_H = Green All Time High = +571.30 Percent = -12.81% on 11/03/2022 261 bars ago.
HUM has just recovered, this week, to a position above the DMA--which is Flat. The next bar (Friday) however turned right back down and went through the DMA the other direction. Thus, at this point we have no direction other than to exit the Long trade because the DMA was penetrated on a closing basis.
This week we are up from the low on 11/02/23 by +16.10 points, which also generated a Buy signal from the LOB near the DMA. Those of you who have had instruction from me know that when the confirmation comes and the DMA is Flat, I don't take the trade if the distance from Price to DMA is too small to catch. When the DMA is Flat I don't "expect" price to go much beyond the DMA.
Purple is on top and the DMA is now Flat-ish at +10.48 degrees. The lines in the Histogram are shallow, but Purple. The Flat DMA is right above price, as is the 21-day MAV. We'll need to break through the 21-day MAV to go higher. Price is still above the 55- and 200-day MAVs, which is a positive.
I also said: "The next upward move could be to the Attractor above at 540 OR the LIB at 477.60. And it dropped as low as 473 and then bounced. Darn close!
AMZN
The stats for AMZN are:
Created : 11/18/2023 01:00pm Symbol "AMZN", Bar Type = Daily Last Close = +145.18 : the close Friday was at +145.18. Change from last Sunday (+/-) (+143.56) = +1.62 Purple notepald on top? Gold UOB = +145.65 UIB = +142.91 MidLine = +138.11 MidAngle = 138.11 LIB = +133.30 LOB = +130.56 Above/Below 21-day MAV = 136.04 - Above Above/Below 50-day MAV = 133.72 - Above Above/Below 200-day MAV = 120.37 - Above Color of DMA_H = Red All Time High = +188.65 Percent = -23.04% on 07/13/2021 593 bars ago.
The all-time high is above us at 185, which is still a long way up. The UOB lies at +145.65. Current price Friday) was . We could easily make it to the UOB, but the DMA is almost Flat (not quitPrecision) and Purple is on top. These conditions will need to be broken to make more movement to the upside.
Price was up on the week, by +1.62 points, settling at +145.18.
Last time we were in a SunnyBands Buy signal from 10/27/23 at 127.74. With price now at +145.18 we have gained over 17 points of potential profit.
Remember, those who have lessons with me, if Gold is on top in the DMA and the Slope is rising, don't buck the trend.
We are still in this Buy signal waiting for more information. As long as Gold is on top and price is hugging the UOB, I looks long to me.
Gold is on top and price is right at the UOB, though slowing its movement upward. There is an Attractor overhead at 150.13 (Fib retracement) that could easily be the next target.
Previously 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. And now it's 10 points beyond that!
The DMA_Histogram is Gold and rising, having surpassed the previous DMA_H high of September. The Slope Indicator changed its direction and is now attempting to climb. Right now the Slope is at a moderate 22 degrees, so it could easily get steeper.
TSLA
The stats for TSLA are:
Created : 11/18/2023 01:06pm Symbol "TSLA", Bar Type = Daily Last Close = +234.30 : the close Friday was at +234.30. Change from last Sunday (+/-) (+214.65) = +19.65 Purple or Gold on top? Purple UOB = +245.11 UIB = +236.20 MidLine = +222.47 MidAngle = 222.47 LIB = +208.73 LOB = +199.82 Above/Below 21-day MAV = 217.54 - Above Above/Below 50-day MAV = 240.04 - Below Above/Below 200-day MAV = 222.29 - Above Color of DMA_H = Green All Time High = +414.50 Percent = -43.47% on 11/04/2021 512 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 +19.65 this week and now is sitting at +234.30, right under the Flat DMA which still has Purple on top. HOWEVER, the DMA_H is Green and just barely below the zero-line. To me this always is "be careful" as there could be congestion here. The LOB is at +199.82 and the UOB is at +245.11, and we are above the DMA and below the UIB.
Either one of these could be a future target. There have been extended sideways movements in TSLA from 08/18/23 to 10/18/32 and the one we are in currently from 11/01/23. The sideways periods resolve, but have been resolving to the downside. Will this time be different?
If I had to guess I'd say we just finished a 3-wave and entered a sideways 4-wave. If that's true, we are in for the 5th wave to take us to the next Attractor at 278.49. That's another few points up if it happens. That would be $54.78 total points per share of potential profit at that level.
There was a SunnyBands Buy signal on 11/13/23 at +223.71. Now we are at +234.30 for about 5 points of potential gain. It doesn't happen often, but sometimes it does.
Monday to Tuesday was a nice gap day but was followed by the rest of the week being sideways. A Red candle dipped below the UOB on 11/17/23, which is a Sell Setup, and it was confirmed the next day at 234.30..
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).
We interviewed Louis Navellier for our Podcast recently. 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 : 11/18/2023 01:04pm Symbol "MSFT", Bar Type = Daily Last Close = +369.85 : the close Friday was at +369.85. Change from last Sunday (+/-) (+369.67) = +0.18 Purple or Gold on top? Gold UOB = +372.30 UIB = +367.50 MidLine = +358.85 MidAngle = 358.85 LIB = +350.19 LOB = +345.39 Above/Below 21-day MAV = 350.99 - Above Above/Below 50-day MAV = 336.17 - Above Above/Below 200-day MAV = 313.74 - Above Color of DMA_H = Red All Time High = +376.35 Percent = -1.73% on 11/16/2023 1 bars ago.
MSFT (closing at +369.85 up by +0.18 on the week) is now above all 3 MAVs. This is very Bullish. Not to mention that price activity was not only up sharply last week during the market gaps, but has continued up this week--though not as strongly. We are now above the UOB and, of course, Gold is on top in the DMA and Slope is now downsloping at 44 degrees positive. Did you get that? Positive because it's above the zero-line and Downsloping because the positive slope is diminishing.
Previously I said: "Now it is making up for lost time by stretching back up toward the UOB and the Attractor overhead at 366." And it broke the Attractor by 3 points to the upside! And now it's up to 369.67!
Note, however, that we had a SunnyBands Sell signal that was confirmed on Thursday at 327.89. It was then immediately reversed the next day by a Buy signal on 10/30/23 at 337.31.
Don't ever try to lead the market. The Market is always right.
VantagePoint predicts a lower day on Monday. The predicted high is 371.22 and the low is 371.00 for a range of just 7 points.
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Oil
The stats for CL are:
Crude Light (CL) is continuing its march downward as it crossed the Flat DMA and continued on down to the LIB.
Price was down this week by -1.26 points and closed at +76.04.
Who thought we would see those prices again?
Previously 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 in a Sell which is doing well.
Last time I said" "...there is a potential Buy signal at Thursday's candle. We shall see if it's confirmed tomorrow." And it didn't so we continued with the Sell signal. For now.
On the Weekly price is now below the DMA which barely has Gold on top. It appears ready to drop through the zero-line and turn Purple. Then it's on down from there. We are still well above historical prices.
Regular gasoline at the pump in my neighborhood is back up to $5.49/gal. Why is price going down and the price of gas going higher?
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 : 11/18/2023 12:57pm Symbol "@BTC", Bar Type = Daily Last Close = +36,565 : the close Friday was at +36,565. Change from last Sunday (+/-) (+37,555) = -990 Purple or Gold on top? Gold UOB = +39,204 UIB = +37,747 MidLine = +35,483 MidAngle = 35483.00 LIB = +33,219 LOB = +31,762 Above/Below 21-day MAV = 35180.00 - Above Above/Below 50-day MAV = 30800.70 - Above Above/Below 200-day MAV = 29254.03 - Above Color of DMA_H = Red All Time High = +71,600 Percent = -48.93% on 11/10/2021 509 bars ago.
BitCoin was down -990 points on the week (to +36,565.
The week was largely sideways in an effort to absorb the recent up moves. Congestion is normal. It happens more than trends do.
On the Weekly chart we are right below the UOB on a series of sideways weeks.
The Weekly chart is strong with price now above the UOB and Gold on top. On the DMA Histogram Gold bars are showing and rising, giving further impetus to rising prices. The Slope is also 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 now above the DMA (though Purple is still on top) and has broken above a very long-term Attractor at 35,816.
We are a long way from the all-time highs of 70,000 during the irrational exhuberance phase.
Bitcoin, on the Daily, just moved sideways every day this week. Nevertheless price has stayed above the Gold DMA during that time and the Slope is still positive. In the overnight market that pattern has been slightly reversed by a slight drop in price. We'll see what tomorrow brings.
Prior to this week has put in new local highs taking us as high as 36,575. And now we down a bit to +36,565.
I'm hanging on to my Etherium!
On the Daily chart, we got a Sell Signal on Thursday that was confirmed on Friday and contraverted on Monday. At that point it reversed to a Buy signal at 34,765.
With price currently at 37,465 we have a potential 2,700 points of profit.
Don't you wish you were getting all these signals? Two options: 1. Interested in Daily updates? 2. Get your own SunnyBands.
On the Daily chart if you only followed the crossovers you'd have gotten thrashe this last week. Remember that when Gold is on top and the DMA slope is positive, I don't take short trades.
It's possible that this meteoric rise could slow down in an Exhaustion Gap taking it down to the Attractor at 35,816 or even lower. Temporarily.
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.
Gold
The stats for Gold are:
Created : 11/18/2023 12:57pm Symbol "@GC", Bar Type = Daily Last Close = +1,984.7 : the close Friday was at +1,984.7. Change from last Sunday (+/-) (+1,937.7) = +47.0 Purple or Gold on top? Gold UOB = +2,022.5 UIB = +2,002.2 MidLine = +1,968.6 MidAngle = 1968.55 LIB = +1,934.9 LOB = +1,914.6 Above/Below 21-day MAV = 1982.00 - Above Above/Below 50-day MAV = 1940.63 - Above Above/Below 200-day MAV = 1983.06 - Above Color of DMA_H = Red All Time High = +2,277.8 Percent = -12.87% on 09/06/2011 3075 bars ago.
Gold.
Gold closed Friday at +1,984.7, up +47.0 points on the week.
Now we are in a Buy signal from 11/14/23 at 1,966.5 and with price Friday at +1,984.7 we have 18 points of potential profit in the long signal.
Price went right to the 61.8% retracement, and then dropped back off of it in honor of the Resistance.
VantagePoint has been correctly predicting this movement all along for weeks. They suggest the market will move up tomorrow/
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 have had some violent moves. Up to the UOB, bak down to the DMA, back up to the UOB, all the way back to the LIB. It's been hectic.
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 : 11/18/2023 12:59pm Symbol "@US", Bar Type = Daily Last Close = +115.40625 : the close Friday was at +115.40625. Change from last Sunday (+/-) (+113.37500) = +2.03125 Purple or Gold on top? Gold UOB = +116.50082 UIB = +115.04249 MidLine = +112.55900 MidAngle = 112.56 LIB = +110.07552 LOB = +108.61719 Above/Below 21-day MAV = 112.04 - Above Above/Below 50-day MAV = 113.28 - Above Above/Below 200-day MAV = 123.76 - Below Color of DMA_H = Gold All Time High = +185.12500 Percent = -37.66% on 03/09/2020 933 bars ago.
Bonds are up +2.03125 on the week to close at +115.40625 on Friday. Price is above the Gold DMA which is no longer Flat, at 6.77 degrees. Gold is showing strongly on the DMA_Histogram (DMA_H).
Probably price will bounce on the DMA and continue on up, at least to the UIB which lies at +116.50082. The UOB is at +116.50082. That's another potential target.
We are above the 21- and 55-day MAV now, but below the 200-dayo. It's Bullish but Cautious.
We are currently in a Buy signal from 11/14/23 at 109^31 and with price now at +115.40625 that's just about 5 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 Speak was not particularly eventful. THe market moved down that day and back up the following day.
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 14th 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.
Back to the Daily chart: on 11/14/23 we entered a confirmed SunnyBands Buy signal from 115^14. With price now at +115.40625 that's not much profit yet.
VantagePoint is predicting another up day for tomorrow.
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