In the aftermath of the Google shock yesterday afternoon, the market is acting extremely bullishly today. As I write this shortly before the EST noon hour, the SPX is flat, and even NASDAQ is off by a only a quarter of a percentage point.
TOT daily traders came into today’s session 400% long. Maintain your position, and raise your protective sell stop up to SPX 1273. If not stopped out, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again at the regular time – or sooner if circumstances warrant.
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