The SPX advanced 3.78 points yesterday to close at 1193.19. TOT daily traders came into the session 400% long from SPX 1165.31 and took profits on the position at an average price of SPX 1192.25.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8479.31 cumulative SPX points compared to a gain of 734.26 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish, and it’s unlikely anything will change that for several years.
Both the long and short term models remain bullish.
The daily model is neutral today, reflecting a balance between bullish and bearish forces. We’ve had a great profit over the past week, and today will be a day of rest!
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.
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