The SPX declined 2.24 points Monday to close at 1234.48. TOT daily traders liquidated our 300% long position at SPX 1232 and went 200% short at the same time and have carried that position over the holiday and into today.
The super long term perspective for the stock market remains bearish. However, both the long and short term models remain bullish.
The daily model is neutral today. TOT daily traders come into today’s session 200% short. Maintain your stop at SPX 1240. If the SPX declines to 1230, lower the stop to 1235. If it declines to 1225, take your profit. If not stopped out, carry your position overnight and into Friday.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6466.79 cumulative SPX points compared to a gain of 775.55 points in the index itself over the same period.
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