This is Turov on Timing for Thursday, December 24, 2009.
The Standard & Poor’s 500 Index (“SPX”) advanced 2.57 points yesterday to close at 1120.59. 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 11234.87 cumulative SPX points, compared to a gain of 661.66 points in the index itself over the same period. That’s a ratio of 16.98 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 2011 or 2012. But we’re certainly not at that point yet.
The Intermediate Term Model remains bullish.
Despite pre-holiday seasonality, the daily model is slightly bearish today – not bearish enough to warrant going short, but bearish enough to warrant not going long. Stand aside and start the weekend early.
Merry Christmas to all!
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Monday’s trading session.
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.