It was a mixed session as The SPX advanced 6.77 points Friday to close at 1164.41 while the futures closed down almost 5 points from where they opened. TOT daily traders were on the sidelines for the session.
The super long term perspective for the stock market remains bearish.
Both the long and short term models remain bullish.
The daily model is bullish today. TOT daily traders are advised to go 300% long at SPX 1165 stop. If you go long, use a 10 point protective sell stop on your position. On the upside, for each 10 point advance, raise your stop by an equivalent 10 points. 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 6826.80 cumulative SPX points compared to a gain of 705.48 points in the index itself over the same period.
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