This is Turov on Timing for Monday, June 5, 2006.
THE JUNE MONTHLY ISSUE OF TUROV ON TIMING IS ATTACHED TO THIS EMAIL. Because of a sudden death in the family of TIG’s desktop publisher, this issue is severely abbreviated. We will publish a Special Report edition of Turov on Timing on June 19, 2006. Look for it; it will have some major research results.
The SPX advanced 2.51 points Friday to close at 1288.22. TOT daily traders went 300% long at SPX 1271 on Thursday and took profits at SPX 1286 Friday.
Last week, TOT daily traders recommendations gained 45.00 cumulative points, compared to an 8.06 point gain in the SPX. It was the 13th week out of the past 14 weeks in which the TOT daily traders recommendations were profitable, and the 12th week of the past 14 in which the TOT daily traders recommendations outperformed the SPX.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8892.92 cumulative SPX points, compared to a gain of 829.29 points in the index itself over the same period.
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.
The long term model remains neutral, and the short term model remains bullish.
The daily model is neutral today, and there will most likely be some modest retrenchment prior to a probable continuation of this last-gasp rally. Stand aside.
UNOFFICIAL comment: While I never use charts in my analysis, the following bullish looking chart of US Treasury bonds is confirmed by a bullish reading on my Bond Model (not usually reported in TOT). FYI:
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours — or sooner if circumstances warrant.
Turov on Timing is Copyright (c) 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.