The SPX declined 19.82 points yesterday to close at 1191.03. TOT daily traders came into the session 300% short, and have held the position overnight and into today.
The super long term perspective for the stock market remains bearish.
The long term model remain bullish, and the short term model remains neutral.
The daily model is bearish today. TOT daily traders come into today’s session 300% short. Maintain the protective stop at SPX 1205 for the time being. If the SPX declines to 1190, lower the stop to 1200, and for each additional 5 point decline, lower the stop by an equivalent 5 points. If not stopped out, carry your position overnight and into tomorrow.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6483.82 cumulative SPX points compared to a gain of 732.10 points in the index itself over the same period.
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