This is Turov on Timing for Thursday, March 1, 2012
THE MARCH MONTHLY TUROV ON TIMING IS ATTACHED TO THIS EMAIL
The SPX declined 6.50 points yesterday to close at 1365.68. TOT daily traders were on the sidelines for the session. We are currently flat.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13142.93 cumulative SPX points, compared to a gain of 906.75 points in the index itself over the same period. That’s a ratio of 14.49 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 (and at present, my best educated guess is that it will end in late 2012 or early 2013), 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.
About 75% of the time, the daily model is bullish on the first day of a new month, and today is not an exception. TOT daily traders are advised to go 400% long at SPX 1366 stop. If the SPX declines to 1362 before advancing to 1366, lower your entry buy stop to SPX 1364. And for each additional 2 point decline, lower your entry buy stop by an equivalent 2 points. Once long, use a 1% protective sell stop on the position.
I have expanded the table below to include performance results year to date for Turov Investment Group Inc. managed accounts (after fees). Considering that all programs except the very conservative Program A are market-neutral (i.e.,; can go short as easily as long), I am delighted at the results during a period when the SPX was up 8.59%. I am looking forward to a period when the SPX declines 8.59% and Turov Investment Group Inc. results are still in the black! Not a guarantee, of course, but that is what I expect.
Turov Investment Group Inc. managed account activity for February 29, 2012
Change at 10:45
a.m. in position
Change at 4:00 p.m. in position (i.e. overnight)
RESULTS TO DATE IN 2012
100% SPX 2x
100% SPX 2x
100% SPX 2x
100% NASDAQ 2x
100% SPX 2x
Notes: The custodian for Programs A, B, C, and D is Rydex Funds
The custodian for Program VA (Variable Annuity) is Nationwide Insurance
Turov Investment Group Inc. never takes possession of client funds.
IMPORTANT: Occasionally, errors will occur in the above; it is not an “official” report!!!!!
Thanks for the opportunity to be of service, and I will update again no later than 11 a.m..
Turov on Timing is Copyright © 2012 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. All recommendations are based on the Standard & Poor’s cash index (SPX) which cannot be directly traded and Turov Investment Group Inc. makes no recommendation or suggestion to readers as to how SPX-based recommendations should be traded but rather leaves that to the discretion of each individual reader. The “official” price of the opening and closing SPX is as reported at www.bigcharts.com and may not be consistent with futures or ETF prices. All stop recommendations are based on that “official” price. Any recommendation that is to take place at a specific time is basis the “opening” on a one minute bar chart beginning at that time and ending one minute later. All times mentioned are Eastern. Questions related to this service should be directed to InvestmentAdvice@aol.com.