TOT daily traders are currently 200% long from SPX 1752.99. The SPX is currently about 1764. I think we’ve seen most of the day’s gain already. Raise your protective sell stop on the position to SPX 1760. If the SPX advances to 1766 before declining to 1760, raise the stop to SPX 1764. If the SPX gets all the way to 1769, take the profit there.
If still long as we approach the close, sell the position on the close and go overnight flat.
Thanks for the opportunity to be of service, and I’ll email you again in about 14 hours – or sooner if circumstances warrant.
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