This is Turov on Timing for Tuesday, October 27, 2009.
The Standard & Poor’s 500 Index (“SPX”) declined 12.65 points yesterday to close at 1066.95. TOT daily traders were gleefully on the sidelines for the session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11170.75 cumulative SPX points, compared to a gain of 608.02 points in the index itself over the same period. That’s a ratio of 18.37 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 but weakening.
If the SPX can manage to rally in the morning, but not get too euphoric about it, then a continuation of that rally should continue in the afternoon. Stand aside for now, and I’ll update again between 10:45 and 11:00 if the market is not clearly down. Otherwise, the next update will be in 24 hours.
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.