The SPX advanced 18.83 points Friday to close at 2108.10. TOT daily traders came into the session 400% short and covered that short on Friday’s opening.
As a side note, all Turov Investment Group Inc. clients invested in Programs that allow “any fund” purchases* were long the Real Estate Sector fund on Friday, which was up about 2½% on Friday, outperforming all major stock market indices. Those “any fund” Programs are currently UP approximately 24% (NOT annualized) for the calendar quarter to date, with seven days left to go. The Turov Investment Group Inc. Sector Fund Program, which was also long the Real Estate Sector fund on Friday, is up approximately 22% (NOT annualized) for the calendar quarter to date. Past performance is not a guarantee of future performance. For information regarding Turov Investment Group Inc. managed accounts, please call, toll free, 1-888-889-9804.
* Turov Investment Group Inc. Programs that allow “any fund” purchases include all Programs other than the Sector Fund Program (see above) and Rydex Programs A and D (which are no longer being offered to new clients, and for which transfer to the “Any Market Program” is recommended).
TOT daily trader recommendations (which are limited to SPX recommendations) were profitable last week for the 14th time in the past 15 weeks.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 15333.52 cumulative SPX points, compared to a gain of 1649.17 points in the index itself over the same period. That’s a ratio of 9.30 to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +9.30 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 March 19, 2015.) The Intermediate Term Model is bearish. I do not expect any additional significant upside from current levels until the market has a significant decline first.
While the daily model is modestly bearish today, I would not be surprised by some upside follow-through from Friday’s strong performance. TOT daily traders are advised to go an unleveraged 100% short at SPX 2107 stop or at SPX 2115 limit, whichever comes first. If and when you go short, use a protective buy stop at SPX 2126. If still short as we approach the close, and if the SPX is at or below 2090, take your profit; otherwise, carry the position overnight and into Tuesday.
Thanks for the opportunity to be of service, and I’ll email you again prior to Tuesday’s opening.
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. Questions related to this service should be directed to InvestmentAdvice@aol.com.