This is Turov on Timing for Wednesday, December 27, 2006.
The SPX advanced 6.14 points yesterday to close at 1416.90, reversing most of Friday’s loss. The daily model was correct with a bullish reading, but I, somewhat timidly, suggested standing aside.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 8817.64 cumulative SPX points, compared to a gain of 951.83 points in the index itself over the same period. That’s a ratio of 9.26 to one.
The super long term perspective for the stock market remains bearish (as it has been since January 2000), and it’s unlikely anything will change that for several years.
The intermediate term model (see yesterday’s hotline message for an explanation) remains bullish.
The daily model is bullish today. TOT daily traders are advised to go 400% long at SPX 1418 stop. If you go long, use a protective sell stop at SPX 1408. I will have an intraday update in the early afternoon.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2006 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.