The SPX declined 0.84 point yesterday to close at 1096.44. TOT daily traders came into the session 300% short and have held the position overnight and into today.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8292.02 cumulative SPX points compared to a gain of 637.51 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish, and it’s unlikely anything will change that for several years.
Both the long term and short term models remain bearish.
A very simple message today, inasmuch as nothing has changed in the past 24 hours.
TOT daily traders come into today’s session 300% short. Maintain the position, and the buy stop at SPX 1105.40. 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 (c) 2004 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.