This is Turov on Timing for Friday, January 29, 2010.
The Standard & Poor’s 500 Index (“SPX”) declined 12.97 points yesterday to close at 1084.53. TOT daily traders came into the session 300% long and were stopped out with a loss.
The super long term perspective for the stock market remains bearish (as it has been since January 2000). I expect that the bear market will resume in earnest later this year, leading to a possible end to that decade long perspective at lower prices in 2011 or 2012. But we’re certainly not at that point yet.
The Intermediate Term Model remains neutral.
The data is very complicated for today. It’s 3:00 a.m., and I’m still working n it. Stand aside for now, and I’ll email you again between 10 and 11 am.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
Turov on Timing is Copyright © 2010 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.