This is Turov on Timing for Friday, September 4, 2009.
The Standard & Poor’s 500 Index (“SPX”) advanced 8.49 points yesterday to close at 1003.24. TOT daily traders went 300% long at SPX 995 on Wednesday and took a small profit at SPX 996.41 at 10:45 yesterday morning.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11106.69 cumulative SPX points, compared to a gain of 544.31 points in the index itself over the same period. That’s a ratio of 20.41 to 1.
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 in 2010, leading to a possible end to that decade long perspective at lower prices in 2010 or 2011. But we’re certainly not at that point yet.
The Intermediate Term Model remains bullish.
The daily model is bullish today, but the relatively low risk trade will be during the early going. TOT daily traders are advised to go 300% long at SPX 1001 limit or at SPX 1004 stop (but with an SPX 1007 top limit) during the first 15 minutes of trading. If you haven’t gone long by 9:45, then stand aside. If you have gone long by 9:45, use a 10 point protective stop on your position.
Thanks for the opportunity to be of service, and I’ll email you again at 10:45 a.m.
Turov on Timing is Copyright © 2009 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.