The SPX declined 5.69 points yesterday to close at 1056.75. TOT daily traders were on the sidelines for the session.
The super long term perspective for the stock market remains bearish.
Both the long and short term models remain neutral.
The daily model is neutral again today, and virtually nothing has changed. Everyone’s waiting for some significant news, but while there is a lot of news, none of it is really significant to the market. Most component indicators are either quite bullish or quite bearish, but in the aggregate they cancel themselves out. Stand aside again. We’re getting close to a big move, but it’s just not clear yet in which direction.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 6622.95 cumulative SPX points compared to a gain of 597.82 points in the index itself over the same period.
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