This is Turov on Timing for Monday March 10, 2008.
The SPX declined 10.97 points Friday to close at 1293.37. TOT daily traders took our third loss for the week, a rather unusual event. We are currently flat.
Over the past 36 weeks, TOT daily traders have outperformed the SPX 22 times and underperformed 14 times.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10023.96 cumulative SPX points, compared to a gain of 834.44 points in the index itself over the same period. That’s a ratio of 12.01 to one.
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 intermediate term model remains bullish. Despite the horrific market action this past week, the odds are high that the coming week will see a solid rally.
TOT daily traders are advised to go 300% long at SPX 1295 stop or at SPX 1285 limit, whichever comes first. If you go long, use a 10 point protective sell stop. If not stopped out, carry your position overnight and into tomorrow.
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 © 2008 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.