This is Turov on Timing for Tuesday, December 7, 2010.
THE DECEMBER MONTHLY TUROV ON TIMING IS ATTACHED TO THIS EMAIL.
The SPX declined 1.59 points yesterday to close at 1223.12. TOT daily traders had an uneventful day, going 200% short at SPX 1222.75 and covering on the close. We are currently flat.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12165.35 cumulative SPX points, compared to a gain of 764.19 points in the index itself over the same period. That’s a ratio of 15.92 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, 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.
Signals are quite mixed today, and I’m not comfortable going either long or short right now. Stand aside and if anything substantive changes, I’ll email you intraday.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2010 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.