This is Turov on Timing for Thursday, November 15, 2012.
The SPX declined 19.04 points yesterday to close at 1355.49. TOT daily traders went 300% long on the opening and were stopped out at SPX 1371.35 (“8 points below the 9:35 price”).
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13483.81 cumulative SPX points, compared to a gain of 896.56 points in the index itself over the same period. That’s a ratio of 15.04 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 has not ended, but it will end later this year or early next), expect another nasty crash – which may be an extended slide – to perhaps finally bring an end to the long term bear market that began in 2000.
Since the Intermediate Term Model went from bullish to bearish as of the close on November 6, barely more than a week ago, the SPX has fallen a whopping 61.77 points, from 1417.26 to 1355.49. That’s enough for now, and the Intermediate Term Model has now upticked from bearish to bullish. Repeating, the Intermediate Term Model is now bullish.
SPECIAL OFFER FOR TOT READERS ONLY!: This is a No Surrender Charge annuity, where any gains accumulate tax deferred until assets are withdrawn. Funds may be added or withdrawn at any time with no penalty or surrender charge, unlike most annuities. Unfortunately, no one has signed up for this Program yet (and therefore no one has profited from the big Intermediate Term model gain just described). As an incentive for someone to open such an account (so that I can establish a real-money publishable track record for it), Turov Investment Group Inc. will waive its entire management fee for the first year for the FIRST client who opens a Variable Annuity Intermediate Term Model (No surrender charge) account. For more information, please call me, toll free, at 1-888-889-9804.
The daily model is bullish today. TOT daily traders are advised to go 400% long at SPX 1358 stop. If the SPX declines to 1354 before reaching 1358, lower the entry buy stop to SPX 1356, and for each additional 2 point decline, lower the entry buy stop by an equivalent 2 points . Once long, use a 1% protective sell stop on the position.
Thanks for the opportunity to be of service, and I’ll update again sometime during the trading session today.
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.