This is Turov on Timing for Friday, September 15, 2006.
The SPX declined 1.79 points yesterday to close at 1316.28. TOT daily traders were on the sidelines for the session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 8936.68 cumulative SPX points, compared to a gain of 857.35 points in the index itself over the same period. That’s a ratio of 10.42 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 long term model remains neutral, and the short term model remains bearish.
Short and to the point today: Same comment as yesterday
Continue to stand aside and await a better risk/reward entry point.
PUBLICATION NOTICE: I WILL BE IN TRANSIT SUNDAY NIGHT AND MONDAY MORNING’S MESSAGE MAY BE DELAYED.
Enjoy the weekend, thanks for the opportunity to be of service, and I’ll email you again in before the opening of Monday’s trading session.
Turov on Timing is Copyright © 2006 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.