This is Turov on Timing for Monday, April 30, 2012.
A crummy day for the home team capped the worst week for TOT since September 2011 (seven months ago) as the SPX advanced 3.38 points Friday to close at 1403.36. TOT daily traders were stopped out of our 300% short position late in the session. We are currently flat.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13186.86 cumulative SPX points, compared to a gain of 944.43 points in the index itself over the same period. That’s a ratio of 13.96 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 (and at present, my best educated guess is that it will end in late 2012 or early 2013), 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 bearish. The next 50 point SPX move is more likely to be down than up.
The daily model is bullish today. The upside momentum should continue for another day or two.
TOT daily traders are advised to go 300% long at SPX 1404 stop or at SPX 1400 limit, whichever comes first. Once long, use a 1% protective stop on the position.
Thanks for the opportunity to be of service, and I will update again sometime during today’s trading session.
Turov on Timing is Copyright © 2012 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.