This is Turov on Timing for Thursday, April 21, 2011.
The SPX advanced 17.74 points yesterday to close at 1330.36. TOT daily traders went 300% short at SPX 1328.77 into early morning strength; the market barely budged from that level all day.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12406.63 cumulative SPX points, compared to a gain of 871.43 points in the index itself over the same period. That’s a ratio of 14.24 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.
TOT daily traders come into today’s session 300% short with a stop at SPX 1334. Maintain the stop and the position, although if after-the-close Apple strength (and resultant futures strength) is not reversed, we’ll probably see that stop hit within the first minutes of trading today.
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 © 2011 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.