This is Turov on Timing for Monday, November 6, 2006.
The November monthly issue of Turov on Timing is attached to this issue
The www.DanielTurov.com web site has been completely updated. Please take a look.
The SPX declined 3.04 points Friday to close at 1364.30. TOT daily traders went 300% short at SPX 1366 on Thursday and have held the position overnight and into today.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 8906.26 cumulative SPX points, compared to a gain of 905.37 points in the index itself over the same period. That’s a ratio of 9.84 to one.
Over the past 35 weeks, TOT daily traders recommendations have been profitable 24 weeks and unprofitable 11 weeks. And over the past 33 weeks, TOT daily traders recommendations have outperformed the SPX 23 weeks and underperformed 12 weeks.
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 long term model remains neutral and the short term model remains bearish.
The daily model is bearish again today, although the market should be pretty close to being able to stage a bit of a bounce-back. TOT daily traders come into today’s session 300% short. Maintain the position but lower your stop to SPX 1375. If the SPX declines to 1360, lower your stop again to SPX 1370. And for each additional 5 point decline, lower your stop by an equivalent 5 points. 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 © 2006 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.