This is Turov on Timing for Wednesday, May 25, 2011.
The SPX declined 1.09 points yesterday to close at 1316.28. TOT daily traders broke even on a trade.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 12462.49 cumulative SPX points, compared to a gain of 857.35 points in the index itself over the same period. That’s a ratio of 14.54 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, 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 although I am not looking for any waterfall decline anytime soon.
The late day selloff yesterday in the NASDAQ and Russell 2000 add uncertainty to today’s forecast. I’m loathe to risk capital right now. Stand aside. If a trading opportunity arises, I’ll update intraday; otherwise, the next email will be in about 24 hours.
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 © 2011 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.