The SPX declined 22.78 points yesterday to close at 1829.08. TOT daily traders were on the sidelines for the session and avoided the agita.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 16170.96 cumulative SPX points, compared to a gain of 1370.15 points in the index itself over the same period. That’s a ratio of 11.80 to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +11.80 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated November 5, 2015) The super long term perspective (i.e., it’s a prediction, not a forecast!) for the stock market remains bearish (as it has been since January 2000 after having been bullish for over 25 years, from December 1974 until then). I expect that our new 2016-elected President will have some very serious problems during his/her single term in office.
(The commentary in this paragraph last updated February 12, 2016.) The SPX has declined by 110.30 points since the Intermediate Term Model went into bearish mode a little less than two weeks ago. As Johann Sebastian Bach would have said, “Ich habe genug.” (I’ve had enough.) While I do not believe that this bear market has run its course, it is likely that the decline over the past two weeks has, and the Intermediate Term Model has upticked to bullish. Repeating, the Intermediate Term Model is now bullish.
The daily model is also bullish today. TOT daily traders ae advised to go 300% long at SPX 1830 stop. If the SPX declines to 1826 before advancing to 1830, lower the entry buy stop to SPX 1828 and for each additional 2 point decline, lower the entry buy stop by an equivalent 2 points. Once long, use a 1% protective sell stop on the position. If not stopped out, carry the position over the three day weekend and into Tuesday.
Have a great weekend, thanks for the opportunity to be of service, and I’ll update again six hours before the start of Tuesday’s trading session – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2016 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 including the fact that past performance is not a guarantee of future performance. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the Turov Investment Group Inc. All recommendations are based on the Standard & Poor’s cash index (SPX) which cannot be directly traded and Turov Investment Group Inc. makes no recommendation or suggestion to readers as to how SPX-based recommendations should be traded but rather leaves that to the discretion of each individual reader. The “official” price of the opening and closing SPX is as reported at www.bigcharts.com and may not be consistent with futures or ETF prices. All stop recommendations are based on that “official” price. Any recommendation that is to take place at a specific time is basis the “opening” on a one minute bar chart beginning at that time and ending one minute later. All times mentioned are Eastern. Questions related to this service should be directed to InvestmentAdvice@aol.com.