This is Turov on Timing for Monday, March 24, 2008.
A very good day for the home team as the SPX advanced 31.09 points Thursday to close at 1329.51. TOT daily traders went 300% long at SPX 1302 and have held the position over the weekend and into today.
Over the past 38 weeks, TOT daily traders have outperformed the SPX 24 times and underperformed 14 times. That’s a ratio of 1.71 to 1.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10201.89 cumulative SPX points, compared to a gain of 870.58 points in the index itself over the same period. That’s a ratio of 11.72 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 late March usually having very negative seasonal tendencies, I expect the SPX to move higher through at least March month-end.
The daily model is again bullish today. I expect both today and the balance of the week to be solidly higher.
TOT daily traders come into today’s session 300% long from SPX 1302. Raise your protective sell stop to SPX 1316, thereby locking in a cumulative 42 point profit. 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.