The SPX advanced 11.61 points yesterday to close at 1733.15. TOT Intermediate Term traders were 100% long for the session and remain so, while TOT daily traders were on the sidelines for the session after booking a big profit Wednesday.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13574.47 cumulative SPX points, compared to a gain of 1274.22 points in the index itself over the same period. That’s a ratio of 10.65 to one.
(The commentary in this paragraph last updated June 28, 2013) The super long term perspective 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 continue to expect the market to suffer more pain before the primary bear market is over, some years in the future.
(The commentary in this paragraph last updated October 18, 2013) The Intermediate Term Model remains bullish. The market is now above its previous high, as was expected, and I expect it to move higher yet – before it crashes.
Yesterday, the daily model was solidly bearish, and the market did open lower. And ALL of my four index models were solidly bullish, and the market finished higher. If only that pattern would always repeat that way. (Hint: It doesn’t.)
The daily model is bearish today, but not by much. I expect to see the market move lower, but not by much. So let’s take a “not much” position. TOT daily traders are advised to go 100% short at SPX 1733 stop or at SPX 1738 limit, whichever comes first. Once short, use a 1% protective buy stop on the position. Whatever the market does today – up or down – it is likely to reverse itself Monday. So, if the SPX is closing down on the day, cover the short on the close if not previously stopped out. And if the SPX is closing up on the day, hold the position over the weekend if not previously stopped out.
Turov on Overnight Possibilities now has enough subscribers to initiate service, which we will do this coming Monday. The February guarantee, described in my prior email to you, will apply to all subscribers who pay for the service by this coming Monday at noon, Eastern time. After that, we will gladly accept new subscribers, but the February guarantee will not apply to their subscription. If you wish to subscribe, please email me requesting a Paypal invoice, and I will transmit one to you.
And with that in mind, 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 © 2013 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. 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.