Monday January 07, 2024 VOLUME 8 ISSUE 02
The Definitive Guide to TradeStation's EasyLanguage & OOEL Programming--Vol I: Programming Guide and 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!
To view the Tables of Contents and more information about the books, CLICK HERE to go to the website.
I had a 15-minute "Live Demo" of both books, a week or so ago. There's the link so you can get a quick overview of what's in them.
The BRAND NEW "Trade Along with Sunny" live trading room is NOW open every trading day! CLICK HERE TO SUBSCRIBE. Imagine being able to follow along in Live Trading with Sunny!
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: near zero).
>>> 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 .
CLICK HERE to see today's Daily Spreadsheet so you can SEE FOR YOURSELF.
Several traders have asked me to do a DAILY Live Trade Room. So I'm doing it! Starting Tuesday January 2, 2024 (Monday is a holiday) I will be trading live for you to join in the fun. Let's start the New Year out right. DAILY 9am Pacific time. SUBSCRIBE 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. 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)
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: Gene Inger, 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! I am unable to meet on the 4th in January so we will have HHH on Sunday February 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 have a great time and share liberally on the 4th of evey month. 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.
Before we get into the meat of SSS, take a look at this chart:
Look how often price stumbles at the Natural Numbers lines. I have had this indicator for a long time, but just recently started using it again.
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 Gene Inger, 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 There to attend a Free informative presentation.
The Dow closed at +37,466.11 Friday, down -223.43 points on the week. The VantagePoint prediction for Monday is for a sideways day with the low being a tiny bit higher and the high being at 37,682 about the same as Friday. It looks to me that we are about to have a bit of a correction if the averages dip below the zero-line.
The moving averages are all 3 sloping downward with the 2 short-term averages now below the zero-line. The long-term average is just barely above it.
On the Monthly chart (see below) we are still above the Attractor drawn weeks ago. Out of the congestion and into positive territory. This is a"danger" area with monthly prices very near the UOB and moving downward. If it penetrates the UOB then we may be looking at a decline to the DMA which is currently at 32,000. Be very careful in here.
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 chart is a Weekly view so you can see longer term predictions. Click on the link to http://www.NEoWave.com visit his website.
This Weekly chart of S&P 500 shows further movement to the downside in our near future.Then after that he's predicting a sharp move to the upside.
http://www.NEoWave.com
SunnyBands Implications Dow Jones
Dow Jones
The stats for the Dow are:
$INDU was down by -223.43 this week and now is sitting at +37,466.11.
Now that we are in New High territory, we could just as likely continue on upward or take a breather and do a bit of retracement. As for me, I'm staying long as long as Gold is on top on the DMA and not penetrated to the downside.
There are small Red lines on the DMA Histogram (DMA_H) which warns me of correction movement potential. They look right now like they could cross below the zero-line and turn purple. If that happens we are in for a bit of a correction. I don't expect it, if it happens, to drop below the DMA by much. I expect a bounce at that level. There was a Buy signal on 11/03/23 at 34,061 and with price now at +37,466.11 it has 3,405 points of potential profit in it! I'm watching carefully for a reversal while remaining long. 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 would be fair. Here's what it looks like. Every night you get the current positions, effective for the next day. The longer term charts (Daily, Weekly, Monthly) look like they could go either direction. At this point I'm looking for a bit more of a correction. Looking at the 15-min chart, it's stuck below the Flat DMA, looking for a direction. The DMA_Histogram is under the zero-line with Green bars, slowly moving upward. This could go either way. The slope of the DMA is now pegged at 88.75 degrees on the Daily and shows no signs of waning. Last time I said: "The next upside target is overhead at 37,542 at the Attractor. [It met that!] The next upside target above that is at 38,239. The next downside target is at 36,434. And clearly we met the objective and exceeded it. Previously I said: "Notice the down-sloping trendline I've drawn on the monthly percent change chart: we now are above the trendline AND the Attractor that lies at 35,111 and yet I am alert for a break of that line and a move downward.. Note that I had a Bear at the top of this newsletter for a while and then I changed it to a Bear dueling a Bull. With the strong results from the last couple of weeks we are entering a Bull market, and I've included a picture of the Miami Bull commissioned by TradeStation. It's an amazing work and I though you'd like to see it. I'll stay with the Bull until and unless we change to Congestion or Bear. Keep in mind that markets rarely go straight up or straight down. But this time they did, in exhuberance about perceived Fed loosening in 2024. The DOW made all time new highs 3 times in the last weeks! Last time I said: " If you count waves like I do, it appears we are in a 3-wave with its gaps and rapidity. If that's true, then there will be a 4-wave and it will take us down to about 35,335. That would not be surprising. But, I don't know where the top of the 5th wave is, it could even go into an extended 5-wave and only time and diligence will tell. The Podcasts of Gene Inger, 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 Created : 01/05/2024 04:15pm Symbol "@ES", Bar Type = Daily Last Close = +4,734.75 : the close Friday was at +4,734.75. Change from last Sunday (+/-) (+4,820.00) = -85.25 Purple or Gold on top? Gold UOB = +4,842.07 UIB = +4,813.44 MidLine = +4,769.87 MidAngle = 4769.87 LIB = +4,726.30 LOB = +4,697.67 Above/Below 21-day MAV = 4765.46 - Below Above/Below 50-day MAV = 4611.21 - Above Above/Below 200-day MAV = 4488.31 - Above Color of DMA_H = Red All Time High = +5,030.50 Percent = -5.88% on 01/04/2022 505 bars ago.
There are small Red lines on the DMA Histogram (DMA_H) which warns me of correction movement potential. They look right now like they could cross below the zero-line and turn purple. If that happens we are in for a bit of a correction. I don't expect it, if it happens, to drop below the DMA by much. I expect a bounce at that level.
There was a Buy signal on 11/03/23 at 34,061 and with price now at +37,466.11 it has 3,405 points of potential profit in it! I'm watching carefully for a reversal while remaining long.
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 would be fair.
Here's what it looks like. Every night you get the current positions, effective for the next day.
The longer term charts (Daily, Weekly, Monthly) look like they could go either direction. At this point I'm looking for a bit more of a correction. Looking at the 15-min chart, it's stuck below the Flat DMA, looking for a direction. The DMA_Histogram is under the zero-line with Green bars, slowly moving upward. This could go either way.
The slope of the DMA is now pegged at 88.75 degrees on the Daily and shows no signs of waning.
Last time I said: "The next upside target is overhead at 37,542 at the Attractor. [It met that!] The next upside target above that is at 38,239. The next downside target is at 36,434. And clearly we met the objective and exceeded it.
Previously I said: "Notice the down-sloping trendline I've drawn on the monthly percent change chart: we now are above the trendline AND the Attractor that lies at 35,111 and yet I am alert for a break of that line and a move downward..
Note that I had a Bear at the top of this newsletter for a while and then I changed it to a Bear dueling a Bull. With the strong results from the last couple of weeks we are entering a Bull market, and I've included a picture of the Miami Bull commissioned by TradeStation. It's an amazing work and I though you'd like to see it. I'll stay with the Bull until and unless we change to Congestion or Bear.
Keep in mind that markets rarely go straight up or straight down. But this time they did, in exhuberance about perceived Fed loosening in 2024. The DOW made all time new highs 3 times in the last weeks!
Last time I said: " If you count waves like I do, it appears we are in a 3-wave with its gaps and rapidity. If that's true, then there will be a 4-wave and it will take us down to about 35,335. That would not be surprising. But, I don't know where the top of the 5th wave is, it could even go into an extended 5-wave and only time and diligence will tell.
The Podcasts of Gene Inger, 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
The ES was down -85.25 this week, to +4,734.75. But, the ATH (All Time High) is at 5,030 overhead. I'm often asked "when" will it happen? That I can't answer, I don't have Carolyn Boroden's software (Robert Miners' Dynamic Trader) that calculate Fibonacci retracements and extensions in price and time.
The Fibonacci Attractor overhead is at 5,087, with 5,030 being the all-time high.
In the overnight xxx market this evening the @ES is trading flat.
The ES gave a SunnyBands sell signal that was confirmed on the next bar. So, we are short the ES from 01/02/24 at 4,787.25 for a potential 51+ points of profit.
Note that the ES is $50 per point and that projects to $2,587 potential profit so far in this signal. (See why I primarily trade the ES?)
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.
Have YOU had your Free Trial of Sunny's Indicators yet? If NOT, CLICK HERE to get it started!
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.
The signals in this display are telling me that the market is moving down on 2 tiimeframes and bearish turning up on the other 3.
RadarScreen of Stocks
Here again, back by popular demand, is my RadarScreen of S&P 500 Stocks:
The RadarScreen shown here is sorted by PHW. With that LOTS of stocks show up with many showing bearish readings. The Red and Purple on this Figure tell me we could easily get a bit of a correction. 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 358 stocks that meet the conditions this week (444 last week), this is a another decrease over last week iindicating a continued slowing of momentum. You could now check out these symbols against the RadarScreen figure above to see which of these has the highest PHW for trading.
Stocks
Created : 01/05/2024 05:19pm Symbol "META", Bar Type = Daily Last Close = +351.95 : the close Friday was at +351.95. Change from last Sunday (+/-) (+353.96) = -2.01 Purple or Gold on top? Gold UOB = +358.67 UIB = +353.63 MidLine = +344.59 MidAngle = 344.59 LIB = +335.55 LOB = +330.51 Above/Below 21-day MAV = 343.13 - Above Above/Below 50-day MAV = 331.11 - Above Above/Below 200-day MAV = 289.13 - Above Color of DMA_H = Red All Time High = +384.33 Percent = -8.43% on 09/01/2021 589 bars ago.
If you'll look at the numbers just above you'll see that it is still meanderingly up but still over -8% down since its all-time high. That occurred at 384.33 which I'm hoping is a near-term 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. Likewise, if META goes there so will the ES.
We got a SunnyBands Buy signal on 10/30/23 at 302.66 and now price is at +351.93 for a clear 49 points of potential profit per share. Imagine that on 100 shares in about 6-weeks
On my "Natural Numbers" chart (not shown here) META moves just like the rest, up to 340, down to 320, back up to 340 and then to 360. It's a bit amazing what this indicator shows..
If you want these signals 5 days a week instead of just at the beginning of the week, LET ME KNOW. Here's where you SUBSCRIBE.
Price is above all 3 MAVs. The 3 MAVs are in the proper order so there is no Golden Cross or Death Cross at this time.
From the looks of the chart, it's just on up from here. It looks like we could be in the throws of a 5-wave that could go to the Attractor above at 381.
Looking at the Monthly chart tells me it is just marching on upward to the Attractor. Gold is well on top on the DMA_H with climbing Gold bars. Very bullish..
The overhead Attractor lies at 382-38 which would be a very nice run up! About 29 more points.
On the Weekly chart price has been moving inside the SunnyBands channel going upwards in a nice steady climb. This past week took it above the UOB where it could move on up, hugging the bands.
NVDA: Nvidia Corp.
NVDA was down by -4.25 points this week and now is sitting at +490.97.
On the Weekly chart NVDA is still basically Flat with a hint to the downside impending. We're moving in a sideways channel. Nevertheless, we are inches from a New All-Time High. I'm banking on NVDA moving up and out of this channel.
There is nothing more important to a trader's skills than patience!
You'll see what I mean by "patience" if you come to my Live Trading Room. Remember, it is NOW AVAILABLE every day. 9:00am PT trade live with Sunny.
We are above all 3 MAVs, which is the beginning sign of Bullishness. It looks to me like price, which is above the recently Flat DMA, is going to continue its upward movement to the Attractor at 507. That's about 16 more possible points.
There is a Strong Attractor above current price, at 542. If NVDA continues and moves on upward that would be another 50 or so points up.
A SunnyBands Buy signal occurred on 12/05/23 at 465.66. Price is now at 490.7 for a cool +30 points of potential profit in about a month. Imagine that on 100 shares! 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 was down by -3.02 this week and now is sitting at 92.99.
We are in a SunnyBands Sell signal from 104.30 generated by the downdraft starting on 11/20/23. That's a cool +11 points of potential profit in a few days.
Price is now sitting below the dowsloping Purple DMA, and also touching the LOB. That's not a positive sign. The next Attractor down was at 92.53 and it was met and exceeded.
If you are interested in getting these signals DAILY in addition to Once a Week, please let me know.
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 in in the live markets.
HUM
The stats for HUM are:
Created : 01/05/2024 04:58pm Symbol "HUM", Bar Type = Daily Last Close = +458.27 : the close Friday was at +458.27. Change from last Sunday (+/-) (+457.81) = +0.46 Purple or Gold on top? Purple UOB = +488.34 UIB = +482.17 MidLine = +470.93 MidAngle = 470.93 LIB = +459.68 LOB = +453.51 Above/Below 21-day MAV = 465.84 - Below Above/Below 50-day MAV = 486.32 - Below Above/Below 200-day MAV = 488.36 - Below Color of DMA_H = Green All Time High = +571.30 Percent = -19.78% on 11/03/2022 293 bars ago.
HUM was up by +0.46 this week and now is sitting at +458.27. Price is below all 3 MAVs, which is bearish.
HUM tired this past week to get above the Flat DMA, but after two tries capitulated and move back down to the LOB. Nevertheless, we had a SunnyBands Sell signal on 11/28/23 at 510.45, and with current price at 457.81 has over 52 points of potential profit in it. Imagine that with 100 shares, in just about 4weeks!
Price is right now sitting above an Attractor at 427 which might hold further downside action. "It could." But again, it might not. If price drops below the Attractor it's on down to the next Attractor at 427.
In the news: "Managed-care provider Cigna Group on Sunday announced a massive stock buyback, amid a report that it has abandoned its bid to buy rival Humana Inc." And then later last week announced that the buy out is defunct. That showed in Monday's action of HUM.
This week we are up by a mere +0.46 points, which puts price below the downsloping trendline and near the lower Attractor. Purple is on top and the DMA is Flat and Green bars are showing in the DMA_H which could indicate an impending move up.
The Slope indicatorwas moving up to the zero-line but has now turned back and has moved into the Flat to down area. I'm thinking this could be a sign of impending up motion coming in the next couple of days. Why? Because the slope has rarely gotten that negative and I expect an overall market bounce through the next week.
On the Monthly chart price is churning along slowly sideways. It's not as scary as the Daily chart.
I expect price to wiggle around at this level, possiblly test the lower waters, but to resolve to the upside.
AMZN
The stats for AMZN are:
Created : 01/05/2024 04:35pm Symbol "AMZN", Bar Type = Daily Last Close = +145.24 : the close Friday was at +145.24. Change from last Sunday (+/-) (+151.94) = -6.70 Purple or Gold on top? Gold UOB = +152.97 UIB = +151.07 MidLine = +148.17 MidAngle = 148.17 LIB = +145.27 LOB = +143.37 Above/Below 21-day MAV = 149.81 - Below Above/Below 50-day MAV = 144.64 - Above Above/Below 200-day MAV = 128.69 - Above Color of DMA_H = Red All Time High = +188.65 Percent = -23.01% on 07/13/2021 625 bars ago.
AMZN was down by -6.70 this week and now is sitting at 145.24.
Let's look first at the Monthly chart to get the bigger picture. We have risen above the monthly Flat DMA (which has Green showing in the DMA_H & getting shorter) and price appears to want to go up. The Monthly Attractor overhead is at 185.93. With current price at 145.24 that could clear 40+ points of potential profit if it rises to the Attractor.
Nevertheless, keep in mind that on the DMA Purple is still on top on the monthly chart. And the Slope indicator has turned Red, which is a warning signal.
Now to the Daily. The all-time high is at 188.65, and though there are lots of Fib retracements along the way, I think that's where we are going.
Last time we were in a SunnyBands Buy signal from 10/27/23 at 127.74. below the UOB at 151.94 we have gained over 24 points of potential profit.
Now we have moved into a Sell signal, which was confirmed, from 151.94 on 12/29/23. That's another few points, 6.61 to be exact, of potential profit per share.
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.
Back to the Daily chart.
Last time I said: "We have a potential Sell signal on Friday's bar with Red candles dipping below the UOB. However, Gold is on top and Flat and there are 3 points available before price touches the DMA. I'm waiting until the DMA is penetrated by a Red candle before I go short this one." And that was fulfilled with price breaking the DMA and heading on down.
The DMA_Histogram is Red, and are almost ready to cross the zero-line. If that happens, we are likely to move down to the Attractor at 135.24, which is a Fib retracement.
On the Monthly chart we are sitting a bit above the Flat DMA (with Purple on top), and have touched the UIB. That says to me that it wants to rise to the UOB at 163.92. That's another 10 possible points.
TSLA
The stats for TSLA are:
Created : 01/05/2024 05:22pm Symbol "TSLA", Bar Type = Daily Last Close = +237.49 : the close Friday was at +237.49. Change from last Sunday (+/-) (+248.48) = -10.99 Purple or Gold on top? Gold UOB = +257.85 UIB = +251.78 MidLine = +241.60 MidAngle = 241.60 LIB = +231.42 LOB = +225.35 Above/Below 21-day MAV = 247.23 - Below Above/Below 50-day MAV = 234.93 - Above Above/Below 200-day MAV = 230.33 - Above Color of DMA_H = Red All Time High = +414.50 Percent = -42.70% on 11/04/2021 544 bars ago.
TSLA was down by -10.99 this week and now is sitting at 237.49.
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.
Reading is my thing. I read at least 2 and sometimes 3 books a week. I just finished reading "Elon Musk" by Walter Isaacson, the noted biographer. It's an excellent book and very insightful into why Elon is the way he is. No question he's brilliant. But Asperger's is a serious diagnosis that is often accompanied by other diagnoses. I know, I've raised a kid who has it.
It also shows the similarities between Elon and Steve Jobs. Both extremely successful, if mercurial, entrepreneurs. To my mind, if you want to be wildly successful you need to do whatever it takes. If it's sleeping under your desk and working 24 hours in a row, so be it. If it's setting aggressive deadlines and getting everyone involved to follow along, then so be it.
Now I'm reading " Oath and Honor" by Liz Chaney. It's not a light read, but it's enlightening. Click Here to go to my Book Club.
TSLA was down by -10.99 this week and now is sitting below the Flat Gold DMA with Red bars showing on the DMA_H. It is almost ready to dip below the zero-line and turn Purple. Last time I said: "Chances are this was a sideways 4-wave which is going to resolve to the upside in a 5th wave up."
This time we've had 2 red candles dipping below the UOB which constitutes a Sell signal. The DMA is Flat on the daily chart and there is only about a point to get to the DMA so I'm not a seller yet. Last time I said: "I'm waiting for proof. If price closes below the DMA then I'm going short if it gets there." And now it has done just that. It looks like it could go a little lower, but it often dips below the DMA and bounces back up, so be careful in here.
If I had to guess I'd say we just finished a 3-wave and entered a sideways 4-wave. We may have just broken out of the 4-wave to the upside in what should be a 5-way up. The next week will be very telling.
There was a SunnyBands Sell signal on 12/29/23 at 248.48. It is still in affect. In fact, at this juncture we have 11 points of potential profit in the short.
Slope is very nearly at the zero-line and Red. It could easily go negative next. Slope dipping below the zero-line was confirmation of the Sell signal.
The Regression Channel around current price movement was broken to the upside. The very next day, however, it dipped below the Regression Channel and continued on down.
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.
The Tesla Cyber Truck was released a few weeks ago to indifferent reaction. It has been too long anticipated and was no longer news. Further, the super futuristic design may not be easily accepted by many as it "doesn't look like a truck." There is always public reluctance to accept a new idea, and this is no different.
Seems to me people should be flocking to Teslas with gas prices high still. It is now back down to $4.339/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 : 01/05/2024 05:19pm Symbol "MSFT", Bar Type = Daily Last Close = +367.75 : the close Friday was at +367.75. Change from last Sunday (+/-) (+376.04) = -8.29 Purple or Gold on top? Purple UOB = +379.44 UIB = +375.91 MidLine = +370.59 MidAngle = 370.59 LIB = +365.27 LOB = +361.74 Above/Below 21-day MAV = 372.03 - Below Above/Below 50-day MAV = 366.76 - Above Above/Below 200-day MAV = 331.92 - Above Color of DMA_H = Purple All Time High = +384.30 Percent = -4.31% on 11/29/2023 25 bars ago.
MSFT was down by -8.29 this week and now is sitting at 367.75.
Price has been struggling to get past the Flat DMA and has been riding the DMA like a freight train. The tracks have been sideways for many days. While it is still sideways, it has given a Short signal as it closed below the DMA, which now has Purple on top. That's negative. The Sell signal was on Friday at 367.75.
We have about 0.19 points of potential profit in this trade so far.
Looking at my Natural Numbers chart I see that price is still playing with 370.0 using it both support and resistance. We'll need to break to the next levels (380 or 360) to confirm a direction.
With all the Attractors, Fib lines and Trendlines at the current price level I'm thinking that the next wave is up. Now, this disagrees with the DMA_H which is Red and about to drop below the zero-line, but I'm sticking my neck out here and saying I think we are going to go up and turn the DMA_H.
Don't ever try to lead the market. The Market is always right.
VantagePoint predicts another sideways day for tomorrow, but not by much. The predicted high is at 377.18.
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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:
Who thought we would see those prices again?
The most recent low is at 9.00. Now that's a LOW!
Despite Saudia Arabia's promise of decreasing production to drive prices up, our prices are continuing to go down. Last time I said: "However, at this point we have reached a Strong Attractor at 72.47 where we have bounced around all week." And price has moved up from that level!
The Sell signal came at 71.77 on 12/28/23 and closed on 01/05/24 for about 2 points of potential profit.
On the Weekly, price is now below the DMA and the DMA_H is Purple and below the zero-line. Last time I said: "It appears ready to drop through the zero-line and turn Purple. Then it's on down from there." And that's what's happened. Yet we are still well above historical prices.
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 : 01/05/2024 04:13pm Symbol "@BTC", Bar Type = Daily Last Close = +44,385 : the close Friday was at +44,385. Change from last Sunday (+/-) (+42,485) = +1,900 Purple or Gold on top? Gold UOB = +47,316 UIB = +45,463 MidLine = +42,628 MidAngle = 42628.00 LIB = +39,793 LOB = +37,940 Above/Below 21-day MAV = 43615.48 - Above Above/Below 50-day MAV = 40722.80 - Above Above/Below 200-day MAV = 33093.85 - Above Color of DMA_H = Red All Time High = +72,850 Percent = -39.07% on 11/10/2021 543 bars ago.
BitCoin was UP +1,900 points on the week (to +44,385).
The week was largely sideways with the DMA being Flat. Price has bounced around for 2 weeks now moving sideways zigzagging off the DMA.
In the after-hours market BTC is down by -315 points to 44,070. 70K here we come!
The Weekly chart is also moving sideways, for the last 4 candles. Gold is on top and still has a positive slope. That's positive.
(If you want the Slope Indicator click here and let me know.)
To get DAILY signals of these changes, CLICK HERE.
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.
Last time I said: " Still, on the Monthly, price is right at the 50% line on the Fibs, which could be a point of hesitation in the longer-term. There is a very Strong Attractor at 47,813 which is where we are watching now.
We are a long way from the all-time highs of 70,000 during the irrational exhuberance phase. But I think we'll get there.
Bitcoin, on the Daily, just moved in a sideways channel every day this week. Now in the after-hours market it has movedslightly down to sit between the UIB and DMA. It needs to move one direction or the other, either to the DMA or on up to the UOB.
I'm hanging on to my Etherium!
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 thrashed this last week. Remember that when Gold is on top (as it is now) and the DMA slope is positive, I don't take short trades.
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 : 01/05/2024 04:15pm Symbol "@GC", Bar Type = Daily Last Close = +2,049.8 : the close Friday was at +2,049.8. Change from last Sunday (+/-) (+2,071.8) = -22.0 Purple or Gold on top? Gold UOB = +2,098.3 UIB = +2,078.0 MidLine = +2,044.3 MidAngle = 2044.30 LIB = +2,010.6 LOB = +1,990.3 Above/Below 21-day MAV = 2046.12 - Above Above/Below 50-day MAV = 2028.73 - Above Above/Below 200-day MAV = 2016.14 - Above Color of DMA_H = N/A All Time High = +2,298.4 Percent = -10.82% on 09/06/2011 3107 bars ago.
@GC made a retreat this week to land at the Purple DMA. Slope is Flat and Gold is still technically on top. Gray bars are showing on the DMA_H meaning the current value is the same as the preceeding value.
Gold.
Gold closed Friday at +2,049.8. down -22.0 points on the week.
In a dramatic retracement, Gold sent began a correction to its current up move that took it back to the UOB in a Sell signal last week that has stagnated at the Flat DMA.
Further, Price now has spent the week moving downward, right to the DMA. That could easily hold further down movement. If it is penetrated on a closing basis then it's time for a Short. But, remember, I don't take a short trade when Gold is on top unless the DMA is penetrated on a closing basis.
Price went right to the 76.4% retracement, and then dropped back off it in honor of the Resistance. And now it has dropped even further
VantagePoint has been correctly predicting this movement all along for weeks. They suggest the market will move sideways tomorrow in an Outside Day.
Take a look at the prediction from Glenn Neely in a previous issue which portends significant further up moves in Gold.
On the Monthly chart we have had slow movement, but it has been up. The current month is even with last month's candle, in a sign of some weakness.
Now it looks like it wants to move up to the UOB.
Bonds
The stats for @US are:
Created : 01/05/2024 04:16pm Symbol "@US", Bar Type = Daily Last Close = +122.03125 : the close Friday was at +122.03125. Change from last Sunday (+/-) (+124.93750) = -2.90625 Purple or Gold on top? Gold UOB = +125.65692 UIB = +124.66525 MidLine = +123.04391 MidAngle = 123.04 LIB = +121.42257 LOB = +120.43090 Above/Below 21-day MAV = 123.20 - Below Above/Below 50-day MAV = 118.38 - Above Above/Below 200-day MAV = 122.52 - Below Color of DMA_H = Red All Time High = +185.18750 Percent = -34.10% on 03/09/2020 967 bars ago.
Bonds are moving down now as interest rates are expected to stagnate or go lower? That's the same old news and now they are reacting? We'll see what the Fed says January 30-31. Either way it goes, it will be exciting.
We are now, in the after-hours, at +121*26. Down 7 days in a row.
To me this says "the street" is factoring in possible higher interest rates.
We are below the 21- and 200-day MAVs and yet above the 55-day. That's a bullish crossing, called a Golden Cross. It usually is bullish.
We are currently in a Sell signal on 01/02/24 at 123^26 and with price now at +121^26 that's just about 2 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.
Caution is advised, however, as another rate increase could still be in store, as the conditions of the economy continue to reveal themselves. The Fed has signaled that they may be moving rates down in 2024. But, I'm not counting on it. Price moved strongly on the recent announcement and could do the same thing at the end of January. And if rates go up we'll see a strong reaction. While if they stay the same or move down we could also easily see a strong reaction.
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 Flat DMA which has Purple on top but is Flat. The current candle is bullish and shows a Buy signal on SunnyBands. Since the DMA is Flat and Purple is on top I'm not interested yet. Price must reveal itself by pushing above the DMA on a closing basis OR fall from the overhead pressure.
There is another Attractor on the Monthly chart at 128^26 which is the next level up on the Monthly and is right at the DMA. Will it push on upward penetrating the DMA? Will it be repelled?
VantagePoint is predicting a down day for tomorrow, with a wide range. They are predicting a low of 121^10 and a high of 122^27..
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