THE JUNE MONTHLY ISSUE OF TUROV ON TIMING IS ATTACHED TO THIS EMAIL, IN PDF FORMAT.
The S&P 500 (SPX) declined 8.27 points Friday to close at 1196.02. TOT daily traders came into the session 500% long and took our profit on the position shortly after the opening. TOT daily traders also went 200% short on Friday’s close and have carried that position over the weekend and into today.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8608.52 cumulative SPX points, compared to a gain of 737.09 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish, and it’s unlikely anything will change that for several years.
Both the long and short term models remain bearish.
The daily model is modestly bearish today. However, many component indicators are very close to getting much more bearish. If they did, the overall model would get more bearish and justify a larger position – but we’re not at that juncture yet, and I would advise leveraged investors to not jump the gun.
TOT daily traders come into today’s session 200% short. Go an additional 100% short on any rally to SPX 1199. If that level is reached, use a protective buy stop at SPX 1207 on the entire position. If SPX 1199 is not reached, then there’s no need for a stop. Do not increase your position over this recommended level unless and until the model gets more bearish than it currently is.
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) 2005 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.