This is Turov on Timing for Monday, December 7, 2009.
The Standard & Poor’s 500 Index (“SPX”) advanced 5.97 points Friday to close at 1105.98. TOT daily traders went 300% short at SPX 1113 on Thursday and took profits at SPX 1108 on Friday. We are currently flat.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11225.07 cumulative SPX points, compared to a gain of 647.05 points in the index itself over the same period. That’s a ratio of 17.35 to 1.
The super long term perspective for the stock market remains bearish (as it has been since January 2000). I expect that the bear market will resume in earnest in 2010, leading to a possible end to that decade long perspective at lower prices in 2011 or 2012. But we’re certainly not at that point yet.
The Intermediate Term Model remains bearish, but not by much.
I expect to see the market move relatively little in the early going today. However, regardless what it does during the first hour or so, the balance of the day should be solidly bullish. TOT daily traders are advised to wait until 10:45 and then go 400% long at the market at that time. Once you go long, use a 1% protective sell stop on the position. If not stopped out by 3:45, I’ll update again by 3:55. Otherwise, the next update will be six hours before the start of tomorrow’s trading session.
Thanks for the opportunity to be of service, and I’ll email you as per the prior paragraph – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2009 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.