This is Turov on Timing for Tuesday, June 27, 2006
The SPX advanced 6.06 points yesterday to close at 1250.56. TOT daily traders were on the sidelines for the session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 8855.96 cumulative SPX points, compared to a gain of 791.63 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish (as it has been since January 2000), and it’s unlikely anything will change that for several years.
Both the long and short term models remain bearish.
The daily model is neutral today as bullish and bearish forces are fairly well aligned. Nothing else of substance to report.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.
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