The SPX declined 17.26 points yesterday to close at 1181.52. TOT daily traders went 100% long at SPX 1202 and were stopped out at 1192.
The super long term perspective for the stock market remains bearish. However, both the long and short term models remain bullish.
The daily model is neutral at the onset today, but the opening half hour may be significant today. I will update this hotline at 10:15 am, Eastern time. For those who have previously emailed me their email address at email@example.com, I will email you the entire text of the update, gratis. For those without email access, as I’ve indicated, it will be recorded at 10:15.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6475.75 cumulative SPX points compared to a gain of 722.59 points in the index itself over the same period.
Thanks for calling, and I’ll speak with you a few hours.