This is Turov on Timing for Tuesday, May 13, 2008.
I AM PLEASED TO ATTACH PART OF THE May 12, 2008 ISSUE OF TIMER DIGEST (www.TimerDigest.com), the premier market timing tracking newsletter in America. As you can see, Turov on Timing is the Number 1 newsletter in the United States for the past year, and close to Number 1 for the last 3 months and 6 months. I thank you, my subscribers, for enabling this to occur, since without you, Turov on Timing could not exist.
It was a very pleasant start to the week as the SPX advanced 15.3 points yesterday to close at 1403.58. TOT daily traders went 300% long on the 1389.40 opening and have held the position overnight and into today.
Over the past 45 weeks, TOT daily traders have outperformed the SPX 29 times and underperformed 16 times. That’s a ratio of 1.81 to 1.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10460.49 cumulative SPX points, compared to a gain of 944.65 points in the index itself over the same period. That’s a ratio of 11.07 to one.
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.
The intermediate term model remains bearish. This latter part of this week will likely be painful for the bulls.
The daily model is again bullish today, but if the market cannot continue to advance this morning, things may get troublesome. TOT daily traders come into today’s session 300% long. Maintain your sell stop at SPX 1398. For each 1 point advance beginning at SPX 1405, raise your stop by 2 points (that’s not a typo). If the SPX rallies to 1410, take your profit. If neither stop nor limit is reached prior to 10:45 a.m., AND if the NASDAQ 100 index (NDX.X) is down on the day at that time, take your profit and move to the sidelines. If the NDX.X is in positive territory and you still are long at 10:45, then continue to hold the position and maintain the aforementioned stops. If still long on the close, carry your position overnight and into tomorrow.
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 © 2008 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.