This is Turov on Timing for Thursday, January 18, 2007.
The SPX declined 1.28 points yesterday to close at 1430.62. TOT daily traders went 400% long at SPX 1431.50 on Tuesday and took a small profit at SPX 1432 yesterday.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 8883.50 cumulative SPX points, compared to a gain of 971.69 points in the index itself over the same period. That’s a ratio of 9.14 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.
The daily model is neutral today with the most likely direction being up but the most likely big move being down. In other words, the probability is the market will advance, but if there is a major move, the probability is that it will be to the downside. A very dangerous market to play; stand aside.
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.