This is Turov on Timing for Thursday, December 9, 2010.
Because of a late day rally, the SPX advanced 4.53 points yesterday to close at 1228.28. TOT daily traders took a 2.28 point scalping loss on three units and have held the position overnight and into today .
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12158.51 cumulative SPX points, compared to a gain of 769.35 points in the index itself over the same period. That’s a ratio of 15.80 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 bearish.
TOT daily traders come into today’s session 300% short. Maintain the stop at SPX 1231.
Thanks for the opportunity to be of service, and I’ll email you again at 10:50 a.m. – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2010 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.