The SPX advanced 30.8 points yesterday to close at 1895.58. TOT daily traders went 300% long on Friday’s opening and took profits yesterday at SPX 1880.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 16310.76 cumulative SPX points, compared to a gain of 1436.65 points in the index itself over the same period. That’s a ratio of 11.35 to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +11.35 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)
(The commentary in this paragraph last updated November 5, 2015) The super long term perspective (i.e., it’s a prediction, not a forecast!) 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 expect that our new 2016-elected President will have some very serious problems during his/her single term in office.
(The commentary in this paragraph last updated February 17, 2016.) After booking 110 points on the short side, the Intermediate Term Model has now booked 65 points on the long side. Although I don’t like making quick turns, the 65 points the market has gained over the past two trading sessions is probably all that it has in it, and it will probably start moving down again. The Intermediate Term model has downticked from bullish to bearish. Repeating, the Intermediate Term model is now bearish.
The daily model is slightly bearish today. TOT daily traders are advised to take an unleveraged 100% short position at SPX 1895 stop. If you go short, hold the position without a stop throughout today and overnight into tomorrow (unless there is a contradictory intraday update).
Thanks for the opportunity to be of service, and I’ll update again in 24 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2016 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 including the fact that past performance is not a guarantee of future performance. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the Turov Investment Group Inc. All recommendations are based on the Standard & Poor’s cash index (SPX) which cannot be directly traded and Turov Investment Group Inc. makes no recommendation or suggestion to readers as to how SPX-based recommendations should be traded but rather leaves that to the discretion of each individual reader. The “official” price of the opening and closing SPX is as reported at www.bigcharts.com and may not be consistent with futures or ETF prices. All stop recommendations are based on that “official” price. Any recommendation that is to take place at a specific time is basis the “opening” on a one minute bar chart beginning at that time and ending one minute later. All times mentioned are Eastern. Questions related to this service should be directed to InvestmentAdvice@aol.com.