The SPX advanced 3.98 points yesterday to close at SPX 1210.12. TOT daily traders went 200% long at SPX 1198 on Friday and another 200% long Monday at SPX 1206, and have held the position overnight and into today.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8511.79 cumulative SPX points compared to a gain of 751.19 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 and short term models remain bullish.
While, from a very short term perspective, the market is looking a bit tired, the daily model is still bullish today. TOT daily traders come into today’s session 400% long. Maintain the position and the protective sell stop at SPX 1196. If not stopped out, carry the position overnight and into tomorrow. However, if that aforementioned potential fatigue becomes more evident, I may suggest either tightening the stop or taking partial profits. Stay tuned for a possible intraday update.
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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