This is Turov on Timing for Thursday, January 11, 2007.
A good day for the home team as the SPX advanced 2.74 points yesterday to close at 1414.85. TOT daily traders went 300% long near the low for the day at SPX 1407 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 8851.05 cumulative SPX points, compared to a gain of 955.92 points in the index itself over the same period. That’s a ratio of 9.26 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 neutral.
As I indicated yesterday would be the case today, the directional component of the daily model is bullish. However, the risk component of the model is in the stratosphere, pushing the overall model into neutral. TOT daily traders come into today’s session 300% long. Raise your stop to a very tight SPX 1412, thereby locking in 15 cumulative points. On the upside, if the SPX rises to 1420, raise your stop to SPX 1415, and for each additional 5 point advance, raise your stop by an equivalent 5 points. If not stopped out, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in 24 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.