The SPX advanced 0.57 point yesterday to close at 1978.91. Almost by accident, TOT daily traders went 200% long at SPX 1970 and then took profits at SPX
1973.69. We are currently flat.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 14066.88 cumulative SPX points, compared
to a gain of 1519.98 points in the index itself over the same period. That’s a ratio of 9.25 to one. (Please note that any day in which the daily model
fails to outperform the SPX by at least a ratio of 9.25 to one, since that’s the ratio of outperformance already achieved, that ratio will decline. On a day
the market advances it will therefore almost always decline, and on a day the market declines it will almost always advance.)
(The commentary in this paragraph last updated April 15, 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). I continue to expect the market to suffer more pain before the
primary bear market is over, some years in the future (best guess: 2017 or 2018), at or below 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 term in office.
(The commentary in this paragraph last updated July 29, 2014.) The Intermediate Term Model is bearish. I expect to see the SPX decline by 50-100 points from
its high by the end of September.
The daily model is bearish today, and if the early going is weak, I do not expect a reversal to the upside today as occurred yesterday. TOT daily traders
are advised to go 200% short at SPX 1978 stop. If the SPX advances to 1982 before reaching 1978, raise the entry sell stop to SPX 1980. And for each 2
point advance, raise the entry sell stop by an equivalent 2 points. Once short, use a 1% buy stop on the position.
Furthermore, if the SPX is down on the day at 10:45, go 200% short at the market. On this potential second position, use a 1% stop on it also, calculated
If, as expected, the SPX is closing down on the day, cover the short on the close. If, as is not expected, the SPX is closing up on the day, hold the
position overnight and into Wednesday (and, yes, I know that’s contrary to “conventional” thinking).
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 © 2014 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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