This is Turov on Timing for Thursday December 27, 2007.
The SPX advanced 1.21 point yesterday to close at 1497.66. The daily model correctly predicted an up session but TOT daily traders were stopped out of our 200% long position early in the day on morning selling.
TOT daily traders have outperformed the SPX in 18 of the past 25 weeks but are behind the eight ball so far this week.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10219.68 cumulative SPX points, compared to a gain of 1038.73 points in the index itself over the same period. That’s a ratio of 9.84 to one.
The super long term perspective for the stock market remains bearish (as it has been since January 2000), and it’s unlikely anything will change that for several years.
The intermediate term model remains bearish. I think we have begun the second leg down of the 2000-2015? primary bear market.
The daily model is rather bullish today. TOT daily traders are advised to go 400% long at SPX 1498 stop or at SPX 1495 limit, whichever comes first. Hold the position without a stop for the time being. I will update at 10:50 a.m. OR earlier if I think it is warranted.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2007 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.