The SPX declined 2.39 points yesterday to close at 1038.55. TOT daily traders went 100% long at SPX 1022 on Friday and liquidated the position yesterday at 1034.
The super long term perspective for the stock market remains bearish.
The long term model remains neutral. However, the short term model has upticked to bullish. Repeating, the short term model is now bullish.
The daily model is also bullish today. TOT daily traders should go 400% long at SPX 1042 stop. If you go long, use a 10 point protective sell stop. If the SPX rises to 1050, raise your stop to 1040, and for each additional 5 point advance, raise your stop an equivalent 5 points. If not stopped out, carry your position overnight and into tomorrow.
It’s far from clear how far the anticipated rally can last, and we will play it close to the vest.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6603.09 cumulative SPX points compared to a gain of 579.62 points in the index itself over the same period.
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