This is Turov on Timing for Tuesday, December 1, 2009.
The Standard & Poor’s 500 Index (“SPX”) advanced 4.14 points yesterday to close at 1095.63. 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 11195.07 cumulative SPX points, compared to a gain of 636.70 points in the index itself over the same period. That’s a ratio of 17.58 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 2011 or 2012. But we’re certainly not at that point yet.
The Intermediate Term Model remains bearish.
As is usually the case on the first day of the new month, the daily model is bullish today. TOT daily traders are advised to go 300% long at SPX 1097 stop or at SPX 1092 limit, whichever comes first. However, risk is quite high. Use a very tight 5 point protective sell stop on the position, once taken. Furthermore, if the SPX advances 5 points from your entry level, raise the stop by an equivalent 5 points, and continue to do so for each subsequent 5 point advance. If not stopped out prior to 3:45, I’ll have an intraday update shortly thereafter. If no longer long at 3:45, the next update will be six hours before the start of tomorrow’s trading session.
Thanks for the opportunity to be of service, and I’ll email you again as per the previous paragraph.
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.