THE FEBRUARY MONTHLY TOT IS ATTACHED TO THIS EMAIL.
Another good day for the home team. The SPX declined 26.26 points Friday to close at 1994.99. TOT daily traders went 300% short at SPX 2017 and took a big
profit by covering on the close.
TOT daily trader recommendations were profitable last week for the 7th consecutive week, and for the 27th winning week out of the past 31.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 15098.83 cumulative SPX points, compared
to a gain of 1536.06 points in the index itself over the same period. That’s a ratio of 9.83 to one. (Please note that any day in which the daily model
fails to outperform the SPX by at least a ratio of +9.83 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated November 4, 2014) The super long term perspective 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). The current cyclical bull market is most likely to end in 2015 or
2016 (with the exact top a function of both unknowable politics and economics), with the primary bear market ending in 2020 or later, (once again, depending
on unknowable economic and political events down the road). I continue to expect the market to suffer more pain before the primary bear market is over, some
years in the future, at about the same Dow Jones 11,000 area as it traded in January 2000. I expect to see our new 2016-elected President have some very
serious problems during his or her single term in office.
(The commentary in this paragraph last updated February 2, 2015.) The Intermediate Term Model remains bullish. As I said Friday, February is likely to start
off well, although the balance of February is iffy.”
In Friday afternoon’s Turov on Overnight Possibilities, I wrote, “the preliminary odds favor the SPX-based daily model being bullish for the next trading
day.” I also added, “some subscribers may feel uncomfortable going long on the close before a weekend. I understand. I also understand that feelings are
irrelevant at best, self-defeating at worst, when it comes to making market decisions. So, ‘extremely sophisticated professional investors’ should go long
on the close…”
And indeed, the SPX-based daily model is bullish today. TOT daily traders are advised to go 300% long at SPX 1995 stop or SPX 1985 limit, whichever of
those two events occurs first. Once long, use a 1% protective sell stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again later in today’s trading session.
Turov on Timing is Copyright © 2015 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. All recommendations are based on the Standard & Poor’s cash index (SPX) which cannot be
directly traded and Turov Investment Group Inc. makes no recommendation or suggestion to readers as to how SPX-based recommendations should be traded but
rather leaves that to the discretion of each individual reader. The “official” price of the opening and closing SPX is as reported at www.bigcharts.com and
may not be consistent with futures or ETF prices. All stop recommendations are based on that “official” price. Any recommendation that is to take place at
a specific time is basis the “opening” on a one minute bar chart beginning at that time and ending one minute later. All times mentioned are Eastern.
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