Not one of our better days as the SPX advanced 10.10 points yesterday to close at 1754.67. While TOT Intermediate Term traders were 100% long for the session and remain so, TOT daily traders came into the session 100% short, went an additional 200% short at SPX 1750, and have held the position overnight and into today.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13548.46 cumulative SPX points, compared to a gain of 1295.74 points in the index itself over the same period. That’s a ratio of 10.46 to one.
(The commentary in this paragraph last updated June 28, 2013) The super long term perspective for the stock market remains bearish (as it has been since January 2000 after having been bullish for over 25 years, from December 1974 until then). I continue to expect the market to suffer more pain before the primary bear market is over, some years in the future.
(The commentary in this paragraph last updated October 18, 2013) The Intermediate Term Model remains bullish. The market is now above its previous high, as was expected, and I expect it to move higher yet – before it crashes.
The daily model is neutral, but my SPX Index model shows a likelihood of weakness in the morning, followed by a partial recovery later in the day. TOT daily traders come into today’s session 300% short. Maintain the position and the SPX 1760 stop. I’ll email you again later this morning.
Thanks for the opportunity to be of service, and I’ll email you again later this morning.
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