This is Turov on Timing for Friday December 28, 2007.
The SPX declined 21.39 points yesterday to close at 1476.27. We had a nasty trading loss on 4 units.
TOT daily traders have outperformed the SPX in 18 of the past 25 weeks but will end up behind the eight ball this week.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10173.28 cumulative SPX points, compared to a gain of 1017.34 points in the index itself over the same period. That’s a ratio of 10.00 to one.
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 bearish. I think we have begun the second leg down of the 2000-2015? primary bear market.
The directional component of the daily model is bullish today. However, the risk component of the model is high, and a significantly leveraged position is not appropriate. TOT daily traders are advised to go 200% long at the market. Please do not take a more leveraged position than that. Hold the position with a 10 point stop on 1 unit and a 15 point stop on the second unit. If not stopped out, carry the position over the weekend and into Monday.
Have a great weekend. Thanks for the opportunity to be of service, and I’ll email you again in 72 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2007 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.