2016 ended well for us as the SPX declined 10.43 points Friday to close at 2238.83. TOT daily traders went 300% short at SPX 2248.60 and took a comfortable profit by covering on the close.
For the week as a whole, TOT daily traders had a profit of 92.75 cumulative SPX points compared to a loss of 24.96 points in the index itself.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17027.26 cumulative SPX points, compared to a gain of 1779.90 points in the index itself over the same period. That’s a ratio of 9.57 to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +9.57 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated November 10, 2016) The super long term perspective (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 believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market will be lower in real dollars in 2020 than it was in 2000. For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.” That belief stands.
(The commentary in this paragraph last updated December 28, 2016.) The Intermediate Term Model is bearish. The Santa Claus rally will probably fail for the third consecutive year (something that has never previously happened).
The daily model is bullish today. TOT daily traders are advised to go 300% long at the market. Once long, use a 1% protective sell stop.
All managed accounts went long the Nasdaq index fund Friday afternoon. And Turov on Overnight Possibilities subscribers were advised to buy the Nasdaq ETFs (QQQ) at the market Friday afternoon.
Thanks for the opportunity to be of service and I’ll email you again later today.
Turov on Timing is Copyright © 2017 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 including the fact that past performance is not a guarantee of future performance. 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 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. Questions related to this service should be directed to InvestmentAdvice@aol.com.