PLEASE NOTE THAT THE APRIL MONTHLY ISSUE OF TUROV ON TIMING ACCOMPANIES THIS EMAIL AS A PDF ATTACHMENT.
PLEASE MAKE SPECIAL NOTE OF THE PAGE 2 ARTICLE IN THE APRIL ISSUE. THANK YOU.
A very good day for the home team as the SPX advanced 9.64 points Friday to close at 1141.81. TOT daily traders went a maximally bullish 500% long at SPX 1126 on Tuesday and have held the position since then and into today.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8385.96 cumulative SPX points compared to a gain of 682.88 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish, and it’s unlikely anything will change that for several years.
Both the long and short term models remain bullish. However, please note that if the SPX closes down today, the short term model will almost certainly downtick on today’s close.
The directional component of the daily model is ever so slightly bullish today – far less than it has been in recent days – but the risk component is quite high, thereby moving the composite model into neutral mode. TOT daily traders come into today’s session 500% long. Raise your protective sell stop to a very close SPX 1139, locking in a 13 point profit on the 5 unit position. On the upside, if the SPX gets to 1147, take your profit. If neither stop nor limit is reached, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright (c) 2004 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 publisher.