The SPX declined 0.96 point Friday to close at 2010.40. TOT daily traders went 400% long at SPX 2012.74 and took our lumps on the close after barely missing
our SPX 2020 first goal (the high was 2019.28). Despite the day’s loss, TOT daily trader recommendations were profitable last week for the 12th winning week
out of the last 13.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 14178.16 cumulative SPX points, compared
to a gain of 1551.47 points in the index itself over the same period. That’s a ratio of 9.14 to one. (Please note that any day in which the daily model
fails to outperform the SPX by at least a ratio of +9.14 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated April 15, 2014) The super long term perspective for the stock market remains bearish (as it has been since
January 2000 after having been bullish for over 25 years, from December 1974 until then). I continue to expect the market to suffer more pain before the
primary bear market is over, some years in the future (best guess: 2017 or 2018), at or below about the same Dow Jones 11,000 area as it traded in January
2000. I expect to see our new 2016-elected President have some very serious problems during his or her term in office.
(The commentary in this paragraph last updated September 22, 2014.) Description of current market: The current market can best be described as being
bullish, and despite an Intermediate Term Model reading that is bearish and forecasting the next 5% decline from the 2000 level as being more likely to occur
before the next 5% advance, there is not yet any strong statistical indication that the bull market has reached its end. However, there is some evidence
that the 2019.28 high on September 19 was as high as the market will go this year.
(The commentary in this paragraph last updated September 2, 2014.) The September monthly Turov on Timing has a first page commentary about this Model. The
Intermediate Term Model is bearish, and the rally since August 8 is long in the tooth. While the SPX has modestly exceeded its previous high, IMHO, its
visit to the stratosphere is not likely to hold, and SPX 1900 (about 100 points down) is more likely to occur first than SPX 2100 (about 100 points up).
In our sister publication, Turov on Overnight Possibilities* for Friday afternoon, September 19, 2014, I stated, “the preliminary odds favor the model being
bearish for the next full trading day,” and “for extremely sophisticated professional investors (my recommendation is to) “Sell short SPY.”
Those “preliminary odds” are confirmed, and the daily model is quite bearish for today**. TOT daily traders are advised to go 400% short at the market.
Once short, use a protective buy stop at SPX 2023.
Thanks for the opportunity to be of service, and I’ll email you again later in today’s trading session.
* Turov on Overnight Possibilities is a separate service offered only to Turov on Timing subscribers. A one month trial subscription is available ONCE A
YEAR only to TOT subscribers for $97, via www.Paypal.com to InvestmentAdvice@aol.com. Trial subscribers may then subscribe for the balance of 2014 at a
price of ($997*x/365) with x being the remaining days in 2014.
** On Friday’s close, Turov Investment Group’s (Rydex) Program A and the (Nationwide) Sector Fund Program (which never permit short selling or inverse funds)
went into the money market fund. TIG (Rydex) Programs B and R and the Bull-Bear Any-Market Program went 100% into the 2x Inverse S&P fund, TIG Program D
went 100% into the 2x Inverse Nasdaq fund, and TIG’s (Nationwide) Variable Annuity Program went 100% into the 2x Inverse Dow Industrials fund (since
Nationwide does not offer a 2x Inverse S&P fund). TIG currently offers new clients only the (Rydex) Bull-Bear Any-Market Program, the (Nationwide) Variable
Annuity Program, and the (Nationwide) Sector Fund Program. TOT subscribers who wish to see a Disclosure Document of any of these three Programs are invited
to email InvestmentAdvice@aol.com for a copy. Please note that TIG’s website is badly out of date, and the Disclosure Documents there are not current. We
expect that the website will be revised and up-to-date within the next 60 days.
Turov on Timing is Copyright © 2014 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. All recommendations are based on the Standard & Poor’s cash index (SPX) which cannot be
directly traded and Turov Investment Group Inc. makes no recommendation or suggestion to readers as to how SPX-based recommendations should be traded but
rather leaves that to the discretion of each individual reader. The “official” price of the opening and closing SPX is as reported at www.bigcharts.com and
may not be consistent with futures or ETF prices. All stop recommendations are based on that “official” price. Any recommendation that is to take place at
a specific time is basis the “opening” on a one minute bar chart beginning at that time and ending one minute later. All times mentioned are Eastern.
Questions related to this service should be directed to InvestmentAdvice@aol.com.