This is Turov on Timing for Thursday, March 27, 2008.
The SPX declined 11.86 points yesterday to close at 1341.13. TOT daily traders were on the sidelines, preserving capital.
Over the past 38 weeks, TOT daily traders have outperformed the SPX 24 times and underperformed 14 times. That’s a ratio of 1.71 to 1.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10251.36 cumulative SPX points, compared to a gain of 882.20 points in the index itself over the same period. That’s a ratio of 11.62 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 bullish. However, I’m starting to get very concerned about whether Asian markets might get very soft soon, and whether that could hurt our market here.
The daily model is bullish today. TOT daily traders are advised to go 300% long at SPX 1343 stop or at SPX 1333 limit, whichever comes first. If you go long, use a 10 point protective stop on your position. 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 © 2008 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.