The SPX declined 2.66 points yesterday to close at 1069.62. TOT daily traders went 300% short at SPX 1078 and have held the position overnight and into today.
The super long term perspective for the stock market remains bearish.
The long term model remains neutral. The short term model has downticked from bullish back to neutral. Repeating, both the long and short term models are once again neutral.
TOT daily traders come into today’s session 300% short. For today, use a stop at SPX 1088. If not stopped out, and if the SPX is closing down on the day, carry your position over the weekend and into Monday. If the SPX is closing up on the day, cover your short on the close and go into the weekend flat.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6628.23 cumulative SPX points compared to a gain of 610.69 points in the index itself over the same period.
Have a great weekend Thanks for calling, and I’ll speak with you again in 72 hours.