This is Turov on Timing for Tuesday, December 22, 2009.
A good day for the home team as the Standard & Poor’s 500 Index (“SPX”) advanced 11.58 points yesterday to close at 1114.05. TOT daily traders came into the session 300% long and have held the position overnight and into today.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11229.02 cumulative SPX points, compared to a gain of 655.12 points in the index itself over the same period. That’s a ratio of 17.14 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 bullish.
The daily model is bullish today. TOT daily traders come into today’s session 300% long. Raise the stop to SPX 1106. If not stopped out prior to 10:45, I’ll have an intraday update by 11. If we are stopped out prior to 10:45, there will be no intraday update.
Thanks for the opportunity to be of service, and I’ll email you again as per the prior paragraph.
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