This is Turov on Timing for Monday, May 12, 2008.
The SPX declined 9.40 points Friday to close at 1388.28. TOT daily traders are currently flat.
Over the past 45 weeks, TOT daily traders have outperformed the SPX 29 times and underperformed 16 times. That’s a ratio of 1.81 to 1.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10417.95 cumulative SPX points, compared to a gain of 929.35 points in the index itself over the same period. That’s a ratio of 11.21 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 bearish. This latter part of this coming week will likely be very painful for the bulls.
The daily model is bullish today, although most of the strength will probaly come in the first 60 to 90 minutes of trading. TOT daily traders are advised to go 300% long at the market. Use a 10 point protective sell stop on your position. I will update again at 10:50 a.m. – or sooner if circumstances warrant.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
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.