The SPX advanced 2.02 points yesterday to close at 1119.51. TOT daily traders were on the sidelines for the session.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 8310.14 cumulative SPX points compared to a gain of 660.58 points in the index itself over the same period.
The super long term perspective for the stock market remains bearish, and it’s unlikely anything will change that for several years.
The long model remains neutral, and the short term model remains bearish.
Somewhat to my surprise, the daily model is bullish today. TOT daily traders are advised to go 300% long at SPX 1122 stop or at SPX 1112 limit, whichever comes first. If you go long, use an 11 point protective sell stop. On the upside, if the SPX gets to 1134.50, take your profit. If neither limit nor stop is reached, AND if EITHER the SPX OR the NYSE advance/decline ratio is positive on the day, carry your position overnight and into tomorrow. If both are negative, liquidate on the close.
Please BOOKMARK THIS INFORMATION FOR FUTURE USE: THE NYSE ADVANCE/DECLINE RATIO MAY BE FOUND AT:
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright (c) 2004 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 publisher.