The SPX declined 4.89 points Friday to close at 1148.70. TOT daily traders went 200% short at SPX 1150 and have held the position over the weekend and into today.
The super long term perspective for the stock market remains bearish.
The long term model remains neutral. However, the short term model has downticked from neutral to bearish. Repeating, the short term model is now bearish.
TOT daily traders come into today’s session 200% short. Go an additional 200% short at the market. Use a protective buy stop on half the position at SPX 1162 and on the other half at SPX 1172. If not stopped out, carry the position overnight and into tomorrow.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6826.82 cumulative SPX points compared to a gain of 689.77 points in the index itself over the same period.
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