TOT daily traders are currently 200% long. Preliminarily, the daily model looks bearish for Tuesday. Therefore, sell the long position on the close and go into the weekend flat.
Have a great weekend, thanks for the opportunity to be of service, and I’ll email you again before the start of Tuesday’s trading session.
EDITORIAL HAVING NOTHING TO DO WITH THE MARKET: Monday is “Presidents Day.” We honor Milliard Fillmore as much as George Washington! And Martin Luther King is the only person to have a holiday named after him, while George Washington does not! IMHO, Presidents Day should revert to the name “Washington’s Birthday,” and MLK Day should be called something like “Peaceful Coexistence Day” (or something to honor King’s message rather than the persona.
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