This is Turov on Timing for Monday, November 3, 2008.
The Standard & Poor’s 500 Index (“SPX”) advanced 14.66 points Friday to close at 968.75. TOT daily traders were on
the sidelines for the session.
TOT daily traders have been profitable in 16 of the past 19 weeks. TOT daily traders have outperformed the SPX in
21 of the past 22 weeks.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained
11199.50 cumulative SPX points, compared to a gain of 509.82 points in the index itself over the same period.
That’s a ratio of 21.97 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 +18%
These numbers are NOT annualized.
ALL RYDEX MANAGED ACCOUNTS, in all Groups, WERE PROFITABLE FOR THE MONTH OF OCTOBER.
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.
TOT daily traders are advised to go 300% long at SPX 970 stop or at SPX 961 limit, whichever comes first. After you
go long, use a 10 point protective sell stop on the position. At 10:45 a.m., if the position is unprofitable or
less than 2 points profitable, close it out at that time. If it is more than 2 points profitable, then raise the
stop to a breakeven. If still long on the close, take your profit at that time and go overnight flat.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances
Turov on Timing is Copyright © 2008 by Turov Investment Group Inc. All rights reserved. Turov on Timing is for
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