This is Turov on Timing for Monday, January 4, 2010.
I EMAILED THE JANUARY TUROV ON TIMING MONTHLY REPORT ON NEW YEAR’S DAY MORNING. The report, in PDF format, is titled, “The Incredible (yet True) Account of What Went Wrong in 2009 (And Why the Person Responsible Went to Jail).” Please look for it in your mailbox if you haven’t read it yet.
The Standard & Poor’s 500 Index (“SPX”) declined 11.32 points Thursday to close at 1115.10. TOT daily traders went 300% short at SPX 1122 at 11:15 a.m. and took profits on the close.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11255.57 cumulative SPX points, compared to a gain of 656.17 points in the index itself over the same period. That’s a ratio of 17.15 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 later this year, 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 bullish.
As I write this, the S&P futures are up almost ½% in overnight trading. However, the gain will probably not hold. TOT daily traders are advised to go 200% short at the market at 9:32 a.m. (that’s the “opening” on a 9:33 one minute bar chart). Once you go short, use a 10 point protective buy stop. I will update during the day, although I don’t know exactly when; it will depend on market action.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
Turov on Timing is Copyright © 2010 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.