The SPX advanced 7.45 points yesterday to close at 1091.53. TOT daily traders went 300% long at SPX 1084.75 on Monday and took profits at SPX 1091.53 yesterday.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8314.58 cumulative SPX points compared to a gain of 632.60 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 term and short term models remain bearish.
As I write this, S&P and NASDAQ futures are up about 1/2 percent in response to some favorable after-the-bell tech earnings reports. If this holds, this should provide a good shorting opportunity.
The daily model is bearish today. TOT daily traders are advised to go 300% short at SPX 1090 stop or at SPX 1098 limit, whichever comes first. If you go short, use a 13 point protective buy stop. If not stopped out, carry your position overnight and into tomorrow.
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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