The SPX advanced 16.34 points yesterday to close at 1671.51. TOT daily traders were on the sidelines for the session. We are currently flat.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13536.35 cumulative SPX points, compared to a gain of 1212.58 points in the index itself over the same period. That’s a ratio of 11.16 to one.
(The commentary in this paragraph last updated June 28, 2013) The super long term perspective for the stock market remains bearish (as it has been since January 2000 after having been bullish for over 25 years, from December 1974 until then). I continue to expect the market to suffer more pain before the primary bear market is over, some years in the future.
(The commentary in this paragraph last updated September 2, 2013) The Intermediate Term Model remains bullish. I expect to see SPX 1700 again before 1600, but once that has occurred, I expect to see 1600 before 1800. But for now, put me down as an intermediate term bull.
Although not obvious, yesterday was an extremely satisfying session for me. The work I’ve done on analyzing High Frequency Trading was directly responsible for keeping us from going short yesterday, and that avoided what would have been a nasty loss.
The daily model is bearish today. TOT daily traders are advised to go 300% short at SPX 1670 stop. If the SPX advances to 1674 before declining to 1670, raise your entry sell stop to SPX 1672. And for each further 2 point advance, raise your entry sell stop by an equivalent 2 points. If and when you go short, use a 1% protective buy stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again later this morning.
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