This is a 10:30 a.m. version of Turov on Timing for Tuesday, February 12, 2008.
I explained yesterday why today’s issue of TOT would be uncharacteristically late. Sorry for the delay, but it was unavoidable.
The super long term perspective for the stock market remains bearish (as it has been since January 2000), and it’s unlikely anything will change that for several years.
The intermediate term model remains bullish.
The daily model is bullish today, but with the SPX already up 17 points, it’s hard to know whether the bulk of the day’s gain has already occurred. My NASDAQ model, the one I use for Program D, is saying to go long at 10:45 if the NASDAQ 100 Index is still in positive territory. But this is an SPX based service, and there the call is a bit tougher. My call would be to try to take a modest sized position on a modest sized pullback. Therefore, TOT daily traders are advised to go 200% long at SPX 1351. If that level is reached, I’ll have an intraday update within a half hour thereof. If that level is not reached, I’ll have an intraday update no later than 3:45 p.m.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
Turov on Timing is Copyright © 2008 by Turov Investment Group Inc. All rights reserved. Turov on Timing is for personal use only. All caveats and advisories that appear in the monthly Turov on Timing apply equally to this email. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the Turov Investment Group Inc.