This is Turov on Timing for Tuesday, October 13, 2009.
A good start to the week as the Standard & Poor’s 500 Index (“SPX”) advanced 4.7 points yesterday to close at 1076.19. TOT daily traders went 200% long at SPX 1072 and took profits at SPX 1079.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11155.22 cumulative SPX points, compared to a gain of 617.26 points in the index itself over the same period. That’s a ratio of 18.07 to 1.
The super long term perspective for the stock market remains bearish (as it has been since January 2000). I expect that the bear market will resume in earnest in 2010, leading to a possible end to that decade long perspective at lower prices in 2010 or 2011. But we’re certainly not at that point yet.
The Intermediate Term Model remains bullish.
The daily model is bearish today. TOT daily traders are advised to go 400% short at SPX 1076 stop or at SPX 1079 limit, whichever comes first. After you go short, use a 12 point protective buy stop on the position. I’ll update again between 10:45 and 11 a.m.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
Turov on Timing is Copyright © 2009 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.