This is Turov on Timing for Monday, September 14, 2009.
The Standard & Poor’s 500 Index (“SPX”) declined 1.41 point Friday to close at 1042.73. TOT daily traders went 500% short at SPX 1043.92, covered 2 of the 5 units on the close, and have carried the remaining 3 units over the weekend and into today.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11049.09 cumulative SPX points, compared to a gain of 583.80 points in the index itself over the same period. That’s a ratio of 18.93 to 1.
The super long term perspective for the stock market remains bearish (as it has been since January 2000). I expect that the bear market will resume in earnest in 2010, leading to a possible end to that decade long perspective at lower prices in 2010 or 2011. But we’re certainly not at that point yet.
The Intermediate Term Model remains bullish.
In the absence of surprising news, the market should be soft this morning. TOT daily traders come into today’s session 300% short. Maintain the buy stop at SPX 1056. If the SPX declines to 1030, lower the buy stop to SPX 1044. And for each 5 point decline after that, lower the buy stop by an equivalent 5 points.
Thanks for the opportunity to be of service, and I’ll email you again no later than 11 a.m.
Turov on Timing is Copyright © 2009 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.