This is Turov on Timing for Wednesday, April 20, 2011.
The SPX advanced 7.48 points yesterday to close at 1312.62, reversing about half of Monday’s decline. TOT daily traders were on the sidelines for the session.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12411.10 cumulative SPX points, compared to a gain of 853.69 points in the index itself over the same period. That’s a ratio of 14.54 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.
After-the-close earnings from Intel and IBM boosted futures in late trading. Good. It will give us a better level from which to short.
TOT daily traders are advised to go 300% short at the market at 9:33 a.m. (That’s the “open” on a one minute bar chart at 9:34.) Once short, use a 10 point protective buy stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again no later than 11 a.m.
Turov on Timing is Copyright © 2011 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.