The SPX advanced 9.76 points yesterday to close at 990.35. TOT daily traders went 300% long at SPX 979 and have carried the position overnight and into today.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 7839.74 cumulative SPX points compared to a gain of 531.42 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish, and it’s unlikely anything will change that for several years.
Both the long and short term models remain bearish, although only by the narrowest of margins.
The daily model is solidly bullish today. TOT daily traders come into today’s session 300% long. Go an additional 200% long at SPX 987.50, making the position a maximally bullish 500% long, if that level is reached. Raise your stop to SPX 974 on the entire position. On the upside, if we get to SPX 1003, raise your stop to SPX 997. If not stopped out, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright (c) 2003 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 publisher.