The SPX advanced 4.64 points yesterday to close at 1140.84. TOT daily traders were on the sidelines for the session.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8265.09 cumulative SPX points compared to a gain of 681.91 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 term and short term models remain bearish.
Even though the short term model is getting more bearish, the daily model is bullish today. The possibility of an exhaustion spike is possible here, which could provide a really excellent shorting opportunity. But for the nonce, the long side seems like the place to be.
TOT daily traders are advised to go 300% long at SPX 1144 stop or at SPX 1136 limit, whichever comes first. If you go long, use a 10 point protective buy stop. If not stopped out, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances permit.
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