This is Turov on Timing for Tuesday, April 5, 2011.
The SPX advanced a miniscule 0.46 point yesterday to close at 1332.87. TOT daily traders went long on the opening and sold out on the close. We are currently flat.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12377.05 cumulative SPX points, compared to a gain of 873.94 points in the index itself over the same period. That’s a ratio of 14.16 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. The probability is slightly weighted towards the market declining rather than advancing. However, the potential magnitude of an advance is considerably more than the potential magnitude of a decline. Both of these probabilities are in a news-neutral environment, of course. Standing aside makes sense.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.
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.