This is Turov on Timing for Thursday, April 14, 2011.
The SPX advanced 0.25 points yesterday to close at 1314.41. TOT daily traders went 400% long near the low of the day Tuesday at an average price of 1312.495 and took profits near the high of the day yesterday at 1319.35.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12407.84 cumulative SPX points, compared to a gain of 855.48 points in the index itself over the same period. That’s a ratio of 14.50 to one.
The super long term perspective for the stock market remains bearish (as it has been since January 2000 after having been bullish from December 1974 until then). When the current cyclical bull market ends, expect another nasty crash to perhaps finally bring an end to the long term bear market that began in 2000.
The Intermediate Term Model remains bullish.
The daily model is neutral today, not because “it” expects a flat session, but because so many of its internal components are bullish and so many others are bearish. Schizophrenic – and scary. Stand aside.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of tomorrow’s session.
Turov on Timing is Copyright © 2011 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.