The SPX declined 2.85 points yesterday to close at 1088.68. TOT daily traders went 300% short at SPX 1098 early in the morning and have held the position overnight and into today.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8342.54 cumulative SPX points compared to a gain of 629.75 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish, and it’s unlikely anything will change that for several years.
Both the long term and short term models remain bearish.
The daily model is bearish today. TOT daily traders come into today’s session 300% short. Increase your position to 400% short by going an additional 100% short at SPX 1086 stop. Use a protective buy stop at SPX 1106.60 on the entire position. If not stopped out, carry your position overnight (regardless whether it is 400%, 300%, or 100%) 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 (c) 2004 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.