This is Turov on Timing for Monday, December 18, 2006.
The SPX advanced 4.61 points yesterday to close at 1427.09. TOT daily traders went 300% long at SPX 1426 and have held the position over the weekend and into today.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 8846.11 cumulative SPX points, compared to a gain of 968.16 points in the index itself over the same period. That’s a ratio of 9.14 to one.
The super long term perspective for the stock market remains bearish (as it has been since January 2000), and it’s unlikely anything will change that for several years.
Both the long and short term models remain neutral.
I am traveling right now, in an environment which allows me the seclusion to complete some important research that I have been working on for several months, regarding the horrid performance of the long and short term models. I have made some significant discoveries, and after I return to San Diego on Christmas Eve, I anticipate sharing them with you on the first email message after Christmas – including how this research affects the daily model and how it will improve it, and why.
The daily model is bullish today, and in the absence of negative news, and despite the tendency for the market to be soft on the Monday after options expiration, the market should continue its advance. TOT daily traders come into today’s session 300% long. Maintain the position and the disaster-only protective sell stop at SPX 1408. If not stopped out, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours.
Turov on Timing is Copyright © 2006 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.