Another excellent day for the home team as The SPX advanced 16.63 points yesterday to close at 1162.77. TOT daily traders went 300% long at SPX 1108 on Friday and have held the position since then and into today.
The super long term perspective for the stock market remains bearish.
Both the long and short term models remain bullish.
The rally may have run its course here, as the daily model is only slightly bullish today. TOT daily traders come into today’s session 300% long. Raise the stop to SPX 1158 to lock in 50 points. On the upside, if we get to 1168, take your profit. If not stopped out or if the limit is not reached, carry your position overnight and into tomorrow.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6811.11 cumulative SPX points compared to a gain of 703.84 points in the index itself over the same period.
Thanks for calling, and I’ll speak with you again in 24 hours.