This is Turov on Timing for Tuesday, April 3, 2012.
The SPX advanced 10.57 points yesterday to close at 1419.04. TOT daily traders went 400% long at SPX 1408.47 on the opening and took a cumulative 6.76 profit on a sale at SPX 1410.16. I’m sure some subscribers are sad that our profit was smaller than it would have been had we stayed long all day, but risk was too high, and I am far more concerned about subjecting subscribers to big losses than I am in hitting grand slams.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13218.36 cumulative SPX points, compared to a gain of 960.11 points in the index itself over the same period. That’s a ratio of 13.77 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 will end in late 2012 or early 2013), expect another nasty crash to perhaps finally bring an end to the long term bear market that began in 2000.
The Intermediate Term Model remains bearish. The next 50 point SPX move is more likely to be down than up, although I do not believe we have seen the high for the year yet.
The daily model is bullish today, but in the absence of news, the odds favor the market showing more strength later in the day than early on. TOT daily traders are advised to stand aside for the time being, but I will be looking for a place to go long, and I will email you if and when I identify it. I will update again sometime during today’s trading session.
Turov Investment Group Inc. managed account activity for March 30, 2012
Position change at 10:45 a.m.
Position change at 4:00 p.m. (i.e. overnight)
100% SPX 2X
Program B, C, R
100% Nasdaq 2X
100% Nasdaq 2X
100% SPX 2X
Notes: The custodian for Programs A, B, C, D and Rydex (R) is Rydex Funds
The custodian for Program VA (Variable Annuity) is Nationwide Insurance
Turov Investment Group Inc. never takes possession of client funds.
IMPORTANT: Occasionally, errors will occur in the above; it is not an “official” report!
Thanks for the opportunity to be of service, and I will update again prior to 11:00 a.m..
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.