A very good day for the home team as the SPX declined 36.34 points Friday to close at 2005.55. TOT daily traders were 300% short for the session, and have carried the position overnight and into today, with a tight stop at SPX 2010.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 16023.60 cumulative SPX points, compared to a gain of 1546.62 points in the index itself over the same period. That’s a ratio of 10.36 to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +10.36 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated November 5, 2015) The super long term perspective (i.e., it’s a prediction, not a forecast!) for the stock market remains bearish (as it has been since January 2000 after having been bullish for over 25 years, from December 1974 until then). I expect that our new 2016-elected President will have some very serious problems during his or her single term in office.
(The commentary in this paragraph last updated December 8, 2015.) The Intermediate Term Model is bearish. Despite December’s traditional strong record, it is quite possible that the highs for 2015 have already been reached.
The daily model is neutral today, with neither bulls nor bears in apparent control. I want to “play” the market very close to the vest and not risk much of Friday’s huge profit. TOT daily traders come into today’s session 300% short. As I had stated on Friday afternoon would be the case, maintain the SPX 2010 stop at the onset. If not stopped out, lower it by 1 point every five minutes. If at any of those five minute intervals, the extant price is lower than the suggested new stop, then cover the position at the market at that time. I’m hoping to get stopped out at a lower price than 2010, but that is not a given. But with the daily model being neutral (and the Index Models not being particularly bullish – they have a SLIGHT bearish bias), I’m not eager to stay in the market for a very long time.
Thanks for the opportunity to be of service, and I’ll update again later during today’s trading session if we have not been stopped out; otherwise in 24 hours.
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