TOT daily traders are currently flat, having been stopped out with a 0.6% loss (x2) on our position. The daily model will be bullish on Tuesday, assuming the SPX, currently up 14.55 points, remains up as of the close. However, the index models are uninspiring, although it is unclear at present if they will be bullish or bearish as of the close. With three days between now and the next trading session, and with the SPX looking potentially weaker than some of the other indices, we will go into the weekend flat — but I wanted to advise you of the daily model’s almost certain bullish reading for Tuesday.
The stock market will be closed on Monday, in honor of my January 15 birthday, no doubt, and so the next email will either be late Monday or early Tuesday morning.
Have a great weekend, thanks for the opportunity to be of service, and I’ll email you again prior to the start of Tuesday’s trading session.
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