The SPX declined 6.73 points yesterday to close at 1207.71. TOT daily traders were on the sidelines for the session.
The super long term perspective for the stock market remains bearish.
The long term model remain bullish. However, the short term model has downticked to neutral as of last night’s close. Repeating, the short term model is now neutral.
The daily model is bearish today. TOT daily traders should go 300% short at SPX 1207 stop. If you go short, use a protective buy stop at SPX 1215. 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 6435.75 cumulative SPX points compared to a gain of 748.78 points in the index itself over the same period.
Thanks for calling, and I’ll speak with you in 24 hours.