This is Turov on Timing for Thursday, October 11, 2007.
The SPX declined 2.68 points yesterday to close at 1562.47. TOT daily traders went 400% long at SPX 1554 on Tuesday and sold them at SPX 1560 yesterday.
TOT daily traders have outperformed the SPX in 11 of the past 14 weeks and are neck and neck so far this week.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 9948.16 cumulative SPX points, compared to a gain of 1103.54 points in the index itself over the same period. That’s a ratio of 9.01 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 but deteriorating rapidly.
The daily model is neutral today. However, if there is minor weakness in the market in the morning, taking a short position may be worthwhile. Unless the market is clearly up at 10:45 a.m., I’ll have an intraday update by 11:00.
Thanks for the opportunity to be of service, and I’ll email you again in a 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.