Thu 1/3/2012. Daily Update.

Update Thu 1/3/13 2:30PM EST: System stopped out at 1459.71 with Trade History tab updated. The System will re-enter long at new high. Jobs report tomorrow could mark a short-term high even if final surge results.

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Current SPX Position: Long at 1413.21
Next Action: Stop at 1449.36. Raise to 1458.14 if SPX closes an hour above 1462.42
System Score: 8=Bullish=Trend Score + Turn Score=9-1

The following System scenarios are possible.

SPX Level	When	Approx. Score
1460s+	today	9
1460s+	tomorrow	4-6
1430s-1450s	today or tomorrow	8
sub-1430s	today or tomorrow	5-7
-	-	-

Commentary: You can see that the only scenarios that might turn the System bearish today or tomorrow are a 2%+ drop or further rally into tomorrow. Otherwise, the System will remain bullish and look for long entries if stopped out. The System will benefit with a tighter stop if SPX can close an hour above 1462.42. Good luck.