The SPX advanced 1.74 point yesterday to close at 953.22. TOT daily traders went 300% long at SPX 931 on Monday and took profits at SPX 959 yesterday.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 7642.12 cumulative SPX points compared to a gain of 494.29 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.
However, both the long and short term models remain bullish.
The directional component of the daily model is slightly bearish today. However the risk component is so high tomorrow that the overall model is neutral. We will stand aside and await a better risk:opportunity occasion.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.
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