This is Turov on Timing for Monday, April 18, 2011.
The SPX advanced 5.16 points Friday to close at 1319.68. TOT daily traders went 300% short at SPX 1318 and took our small loss on the close. Despite the small daily loss, it was the fifth consecutive week that TOT daily traders recommendations were positive, and the third consecutive week that they outperformed the SPX.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12402.80 cumulative SPX points, compared to a gain of 860.75 points in the index itself over the same period. That’s a ratio of 14.41 to one.
The super long term perspective for the stock market remains bearish (as it has been since January 2000 after having been bullish from December 1974 until then). When the current cyclical bull market ends, expect another nasty crash to perhaps finally bring an end to the long term bear market that began in 2000.
The Intermediate Term Model remains bullish.
The daily model is bearish today. TOT daily traders are advised to go 300% short at SPX 1318 stop or at SPX 1322 limit, whichever comes first. Once short, use a 1% protective buy stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again no later than 11 a.m..
Turov on Timing is Copyright © 2011 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.