The SPX advanced 4.69 points yesterday to close at 1294.12. TOT daily traders went 200% long at SPX 1291 and have held the position overnight and into today.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8592.56 cumulative SPX points, compared to a gain of 835.19 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish (as it has been since January 2000), and it’s unlikely anything will change that for several years.
The long term model remains neutral, and the short term model remains bullish.
The daily model is solidly bullish today. TOT daily traders come into today’s session 200% long. Increase that by going an additional 200% long into strength only, at SPX 1295 stop. Use a protective sell stop on both the old and new positions at SPX 1285, calculated separately. If not stopped out, carry the position overnight and into tomorrow. I would be surprised if the SPX did not break the 1300 level this week. I would also be surprised if we surpassed that mark by much.
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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