The SPX declined 14.21 points yesterday to close at 1333.35. TOT daily traders went 300% short on the opening and have held the position overnight and into today.
The bond model remains neutral, and the gold model remains bullish.
The super long term perspective for the stock market remains bearish.
Furthermore, both the long-term model (a six month perspective) and short term model (a one month perspective) downticked from their bullish readings as of last night’s close. The long term model is now rated neutral, and the short term model is rated bearish. Repeating, the long term model is now neutral, and the short term model is bearish.
The daily model is bearish today. TOT daily traders come into today’s session 300% short. Use a break-even stop at SPX 1347.56. If not stopped out, carry your position overnight and into tomorrow.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6235.74 cumulative SPX points, compared to a gain of 874.42 points in the index itself over the same period.
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