This is Turov on Timing for Monday, November 26, 2012.
The SPX advanced 18.12 points Friday to close at 1409.15. TOT daily traders were on the sidelines for the abbreviated session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13533.71 cumulative SPX points, compared to a gain of 950.22 points in the index itself over the same period. That’s a ratio of 14.24 to one.
The super long term perspective for the stock market remains bearish (as it has been since January 2000 after having been bullish from December 1974 until then). When the current cyclical bull market ends (and at present, my best educated guess is that it has not ended, but it will end later this year or early next), expect another nasty crash – which may be an extended slide – to perhaps finally bring an end to the long term bear market that began in 2000.
The Intermediate Term Model, which had been bearish from November 6 through November 14, gaining 61.77 points as the SPX dropped from 1417.26 to 1355.49, turned bullish Thursday, November 14 at SPX 1355.49, and that’s where it remains. We’re up 53.66 points on the long side on the current trade. The Turov Investment Group Inc. recently offered a new managed account program called Variable Annuity Intermediate Term Model No surrender charge). As the title states, this is a No Surrender Charge annuity, where any gains accumulate tax deferred until assets are withdrawn. Funds may be added or withdrawn at any time with no penalty or surrender charge, unlike most annuities. Unfortunately, no one has signed up for this Program yet (and therefore no one has profited from the big Intermediate Term model gains just described). As an incentive for someone to open such an account (so that I can establish a real-money publishable track record for it), Turov Investment Group Inc. will waive its entire management fee for the first year for the FIRST client who opens a Variable Annuity Intermediate Term Model (No surrender charge) account. For more information, please call me, toll free, at 1-888-889-9804.
The daily model is highly conflicted today, with some of its component indicators quite bullish while others are quite bearish. Candidly, I don’t have a strong opinion as to where the market will go today, and my models are not helping. For the time being at least, we will stand aside.
Thanks for the opportunity to be of service, and I’ll update again in 24 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2012 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.