This is Turov on Timing for Monday, November 8, 2010.
The SPX advanced 4.79 points Friday to close at 1225.85. TOT daily traders were on the sidelines for the extremely dull session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12001.65 cumulative SPX points, compared to a gain of 766.92 points in the index itself over the same period. That’s a ratio of 15.65 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, expect another nasty crash to perhaps finally bring an end to the long term bear market that began in 2000.
The Intermediate Term Model remains bullish.
Both the SPX based daily model and the NASDAQ model for the morning are neutral today, but the NASDAQ model will probably not be neutral for the afternoon. But it depends on what the market does in the morning. So stand aside for the time being, and I’ll email you again about 10:50.
Thanks for the opportunity to be of service, and I’ll email you again mid morning.
Turov on Timing is Copyright © 2010 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.