A good day for the home team as the SPX advanced 9.91 points yesterday to close at 1181.27. TOT daily traders came into the session 400% ong and have held the position overnight and into today.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8435.39 cumulative SPX points compared to a gain of 722.34 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish, and it’s unlikely anything will change that for several years.
Both the long and short term models remain bullish.
The daily model is bullish today, although in the absence of good news, I’d expect a bit of weakness in the morning. TOT daily traders come into today’s session 400% long. Maintain your position and your stop at SPX 1170. If the SPX gets to 1190, raise the stop further to SPX 1176. In the unlikely event that the market gets to SPX 1197, take your profit. If not stopped out, and if the limit is not reached, carry your position overnight and into tomorrow.
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 (c) 2005 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.