The SPX advanced 21.49 points yesterday to close at 2066.66.
To the rest of the world, Tuesday was down 20.96 SPX points, and Wednesday was up 21.49 points. Yawn….
But to TOT daily traders, we were on the sidelines Tuesday and lost NOTHING, and we went 300% long Wednesday morning at SPX 2045.56 and gained 63.30 points.
Rest of the word: + 0.53. TOT + 63.30. Not yawn
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 16567.58 cumulative SPX points, compared to a gain of 1607.73 points in the index itself over the same period. That’s a ratio of 10.30 to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +10.30 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated November 5, 2015) The super long term perspective (i.e., it’s a prediction, not a forecast!) 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 expect that our new 2016-elected President will have some very serious problems during his/her single term in office.
(The commentary in this paragraph last updated April 4, 2016.) The Intermediate Term Model remains bullish, but the hair on the Sword of Damocles is weak.
The daily model is bullish today. TOT daily traders come into today’s session 300% long. Maintain the protective stop on the position at SPX 2052. If the SPX advances to 2070, raise the stop to SPX 2060, and for each 5 point advance from there, if it occurs, raise the stop by an equivalent 5 points.
Thanks for the opportunity to be of service, and I’ll update again later during today’s trading session.
Turov on Timing is Copyright © 2016 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 including the fact that past performance is not a guarantee of future performance. 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.