The SPX advanced 4.34 points yesterday to close at 2111.73. TOT daily traders went 500% 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 15698.56 cumulative SPX points, compared to a gain of 1652.80 points in the index itself over the same period. That’s a ratio of 9.50 to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +9.50 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 June 1, 2015.) The Intermediate Term Model remains bearish. Our original bearish call was made at SPX 2120 and at the time, I forecast that the SPX would reach 2070 (down 50 points) before reaching 2170 (up 50 points), and that forecast remains valid. Of course, as described in the introductory cover page of the Disclosure Documents of both the Annuity Program and the Any Market managed accounts, it makes no difference at all if this forecast is correct or incorrect! (But I expect it to be correct!)
The Daily Model is bullish today. On yesterday’s 2:33 intraday update, I said, “TOT daily traders are advised to raise the stop to SPX 2110.40. If not stopped out, carry the position overnight and into tomorrow, where we will start the day using the same SPX 2110.40 stop.” That recommendation stands.
Thanks for the opportunity to be of service, and I’ll email you again later during today’s trading session.
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. Questions related to this service should be directed to InvestmentAdvice@aol.com.