This is Turov on Timing for Wednesday, March 28, 2012.
The SPX declined 3.99 points yesterday to close at 1412.52. TOT daily traders went 300% short at SPX 1316 and took profits on the close at SPX 1412.52.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13229.79 cumulative SPX points, compared to a gain of 953.59 points in the index itself over the same period. That’s a ratio of 13.87 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). When the current cyclical bull market ends (and at present, my best educated guess is that it will end in late 2012 or early 2013), expect another nasty crash to perhaps finally bring an end to the long term bear market that began in 2000.
The Intermediate Term Model remains bearish.
The daily model is bullish today. TOT daily traders are advised to go 300% long at SPX 1413 stop. If the SPX declines to 1410 before reaching 1413, then lower the entry buy stop to SPX 1412. And for each additional 2 point decline, lower the entry buy stop by an equivalent 2 points. Once long, use a 1% protective sell stop on the position. I will update again sometime during the trading session, probably mid to late morning.
Turov Investment Group Inc. managed account activity for March 27, 2012
Change at 10:45 a.m. in position
Change at 4:00 p.m. in position (i.e. overnight)
100% SPX 2X
Program B, C, R
100% Inverse Dow 2x
50% SPX 2X & 50% NDX 2X
100% NDX 2X
100% Inverse Dow 2x
50% Russell 1.5X & 50% cash
Notes: The custodian for Programs A, B, C, D and Rydex (R) is Rydex Funds
The custodian for Program VA (Variable Annuity) is Nationwide Insurance
Turov Investment Group Inc. never takes possession of client funds.
IMPORTANT: Occasionally, errors will occur in the above; it is not an “official” report!
Thanks for the opportunity to be of service, and I will update again in a few hours.
Turov on Timing is Copyright © 2012 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. 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