This is Turov on Timing for Monday, November 10, 2008.
The Standard & Poor’s 500 Index (“SPX”) advanced 26.11 points Friday to close at 930.99. TOT daily traders went
300% long at 10:45 a.m. and that recommendation was correct as the SPX closed higher than the 10:45 price.
Unfortunately, we were stopped out on two of the three unit position before the close came around and ended up with
a net loss on the session. Nevertheless:
TOT daily traders have been profitable in 16 of the past 20 weeks. TOT daily traders have outperformed the SPX in
22 of the past 23 weeks.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained
11167.62 cumulative SPX points, compared to a gain of 472.06 points in the index itself over the same period.
That’s a ratio of 23.66 to 1.
Turov Investment Group Inc. managed accounts have outpaced the market by a wide margin, despite a very rough
October. For the current half of the year (July 1 to present), the following are the changes in the SPX and for all
“real money” Turov Investment Group Inc. direct-Rydex managed accounts:
Program A +6% (even though Program A never goes short or inverse)
Program B +13%
Program D +17%
These numbers are NOT annualized.
Past performance is not a guarantee of future performance.
These numbers show that Program A is outperforming the SPX by 33 percentage points, Program B by 40 percentage
points, and Program D by 44 percentage points. Adding additional funds to your account is permitted!!
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 more years.
The Intermediate Term Model is bullish, and the market has probably made a short term bottom.
The market looks good today, but with futures up about 2% overnight, I don’t want to buy the opening strength.
Stand aside for the time being, but prepare to go long. I will have an intraday update no later than 11:00 a.m.
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
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