This is Turov on Timing for Monday, August 22, 2011.
The SPX declined 17.12 points Friday to close at 1123.52. 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 12564.18 cumulative SPX points, compared to a gain of 664.59 points in the index itself over the same period. That’s a ratio of 18.91 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 bearish.
The daily model is also bearish today, but bargain hunters may push the market higher in the early going. I want to go short, but I want to “wait for my spot.” I’ll email you again later this morning.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
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.