A good day for the home team as the SPX declined .86 point yesterday to close at 1939.38. TOT daily traders went 200% long at SPX 1928 at 9:38 in the morning and took a solid profit at SPX 1940 just prior to the close.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 16054.12 cumulative SPX points, compared to a gain of 1480.45 points in the index itself over the same period. That’s a ratio of 10.84 to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +10.84 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated November 5, 2015) The super long term perspective (i.e., it’s a prediction, not a forecast!) for the stock market remains bearish (as it has been since January 2000 after having been bullish for over 25 years, from December 1974 until then). I expect that our new 2016-elected President will have some very serious problems during his or her single term in office.
(The commentary in this paragraph last updated February 2, 2016.) The Intermediate Term Model has downticked from bullish to bearish. In all probability, the bear market rally has run its course.
Despite a superb report from Google after the close, the daily model is bearish. TOT daily traders are advised to go 200% short at the market. Once short, use a 1% protective buy stop on the position.
Thanks for the opportunity to be of service, and I’ll update again later during today’s trading session.
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