This is Turov on Timing for Tuesday, November 9, 2010.
The SPX declined 2.60 points yesterday to close at 1223.25. TOT daily traders were on the sidelines for another extremely dull session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12001.65 cumulative SPX points, compared to a gain of 764.32 points in the index itself over the same period. That’s a ratio of 15.70 to one.
The super long term perspective for the stock market remains bearish (as it has been since January 2000 after having been bullish from December 1974 until then). When the current cyclical bull market ends, expect another nasty crash to perhaps finally bring an end to the long term bear market that began in 2000.
The Intermediate Term Model remains bullish.
The daily model is bullish today and after some early morning weakness, I expect to see the market advance. I’ll be looking for an entry point, and if I see it prior to 10:45, I’ll email you then. If no email by 10:45, then TOT daily traders are advised to go 200% long at the market at 10:45. Once long, use a 1% protective sell stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again either before 10:45 or at 3:50.
Turov on Timing is Copyright © 2010 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.