This is Turov on Timing for Wednesday, March 26, 2008.
The market traded nicely yesterday, with the SPX advancing 3.11 points to close at 1352.99. TOT daily traders went 300% long at SPX 1302 this past Thursday and took profits yesterday at SPX 1346.
Over the past 38 weeks, TOT daily traders have outperformed the SPX 24 times and underperformed 14 times. That’s a ratio of 1.71 to 1.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 10251.36 cumulative SPX points, compared to a gain of 894.06 points in the index itself over the same period. That’s a ratio of 11.47 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 remains bullish. However, if this rally continues to run in overdrive, then a reversal may be closer at hand than the perennial bulls might want.
The daily model is again bullish today. However, I want to see how the market trades in the early going before making a specific recommendation. I’ll email you again no later than 11 a.m.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
Turov on Timing is Copyright © 2008 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.