This is Turov on Timing for Thursday, April 28, 2011.
The SPX advanced 8.42 points yesterday to close at 1355.66. TOT daily traders were on the sidelines for the session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12381.13 cumulative SPX points, compared to a gain of 896.73 points in the index itself over the same period. That’s a ratio of 13.81 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.
The market is likely going through a blowoff stage with month end seasonality to help it along. TOT daily traders are advised to go 300% long at the market. Use a 10 point protective sell stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again sometimes during the day’s trading session, as circumstances warrant.
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.