This is Turov on Timing for Wednesday, June 23, 2010.
The SPX declined 17.89 points yesterday to close at 1095.31. 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 12048.98 cumulative SPX points, compared to a gain of 636.38 points in the index itself over the same period. That’s a ratio of 18.93 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) but the current cyclical bull market probably has further to go before topping out, most likely in 2012, but not necessarily at significantly higher levels than at present.
The Intermediate Term Model remains bullish.
The daily model is bullish today, but we’re likely to have some further selling in the early going first.
Stand aside for now; I’ll update no later than 10:50, quite possibly much earlier.
Thanks for the opportunity to be of service, and I’ll email you again at 10:50 – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2010 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.