Another good day for the home team. The SPX advanced 25.86 points yesterday to close at 2020.85. TOT daily traders went 300% long on the opening 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 15171.37 cumulative SPX points, compared
to a gain of 1561.92 points in the index itself over the same period. That’s a ratio of 9.71 to one. (Please note that any day in which the daily model
fails to outperform the SPX by at least a ratio of +9.71 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated November 4, 2014) The super long term perspective 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). The current cyclical bull market is most likely to end in 2015 or
2016 (with the exact top a function of both unknowable politics and economics), with the primary bear market ending in 2020 or later, (once again, depending
on unknowable economic and political events down the road). I continue to expect the market to suffer more pain before the primary bear market is over, some
years in the future, at about the same Dow Jones 11,000 area as it traded in January 2000. I expect to see our new 2016-elected President have some very
serious problems during his or her single term in office.
(The commentary in this paragraph last updated February 2, 2015.) The Intermediate Term Model remains bullish. As I said Friday, February is likely to start
off well, although the balance of February is iffy.”
The SPX-based daily model is bullish today. TOT daily traders come into today’s session 300% long. Raise the protective sell stop on the position to SPX
2000. There are several possibilities for selling the position. If ANY of them occur, I recommend the following:
1. If the SPX advances to 2030, raise the stop to 2020, and for each additional 5 point advance, raise the stop by an equivalent 5 points. Although I don’t
expect another 25.86 point advance today, if it does occur (i.e.; SPX 2046.71), take your profit there.
2. If the SPX is down on the day at 10:45 a.m., sell at the market at that time.
3. If still long as we approach the close and if the SPX is at or above 2031, take your profit.
If none of those three events occurs, carry the position overnight and into Wednesday.
Thanks for the opportunity to be of service, and I’ll email you again later in about 24 hours – or sooner
if circumstances warrant.
Turov on Timing is Copyright © 2015 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. All recommendations are based on the Standard & Poor’s cash index (SPX) which cannot be
directly traded and Turov Investment Group Inc. makes no recommendation or suggestion to readers as to how SPX-based recommendations should be traded but
rather leaves that to the discretion of each individual reader. The “official” price of the opening and closing SPX is as reported at www.bigcharts.com and
may not be consistent with futures or ETF prices. All stop recommendations are based on that “official” price. Any recommendation that is to take place at
a specific time is basis the “opening” on a one minute bar chart beginning at that time and ending one minute later. All times mentioned are Eastern.
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