This is Turov on Timing for Monday, October 22, 2007.
GRAND SLAM HOMERUN! TUROV ON TIMING HAS ITS BIGGEST POINT GAIN EVER!
The SPX declined a whopping 39.45 points Friday to close at 1500.63. TOT daily traders went a maximally bearish 500% short on the opening and took profits and moved into cash on the close.
TOT daily traders have outperformed the SPX in 12 of the past 16 weeks, many of those by wide margins.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10102.94 cumulative SPX points, compared to a gain of 1041.70 points in the index itself over the same period. That’s a ratio of 9.70 to one. The current cumulative point gain is also the first time we have gone over the 10,000 cumulative point mark
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 intermediate term model remains bearish.
Today’s a tough call. I’d be inclined to buy at about SPX 1480-1485 but only if the market is not in free fall. This is how we’ll handle it: If the SPX declines to 1483, go 300% long at SPX 1485 stop. If you go long, use a tight protective sell stop at SPX 1476.
Thanks for the opportunity to be of service, and I’ll email you again at 11 a.m. Eastern time today..
Turov on Timing is Copyright © 2007 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.