This is Turov on Timing for Thursday, September 17, 2009.
The Standard & Poor’s 500 Index (“SPX”) advanced 16.13 points yesterday to close at 1068.76. TOT daily traders were on the sidelines for the session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11029.26 cumulative SPX points (a corrected figure), compared to a gain of 609.83 points in the index itself over the same period. That’s a ratio of 18.09 to 1.
The super long term perspective for the stock market remains bearish (as it has been since January 2000). I expect that the bear market will resume in earnest in 2010, leading to a possible end to that decade long perspective at lower prices in 2010 or 2011. But we’re certainly not at that point yet.
The Intermediate Term Model has downticked from bullish to neutral. Repeating, the Intermediate Term Model is now neutral.
The daily model is quite bearish today. TOT daily traders are advised to go 400% short at SPX 1068 stop or at SPX 1072 limit, whichever comes first. After going short, use a 1.5% protective buy stop on the position
Thanks for the opportunity to be of service, and I’ll email you again no later than 11 a.m.
Turov on Timing is Copyright © 2009 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.