The SPX advanced 1.89 points yesterday to close at 1114.94. 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 8291.63 cumulative SPX points compared to a gain of 656.01 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.
The daily model is again bearish today. TOT daily traders are advised to go 200% short at SPX 1113.50 stop. If you go short, use a tight 5 point protective buy stop on your position, as the risk component of the model is high. I will have an intraday update between 3:00 and 3:45 Eastern time
Thanks for the opportunity to be of service, and I’ll email you again in a few hours – or sooner if circumstances warrant.
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