The SPX declined 4.42 points yesterday to close at 1697.42. TOT daily traders went 300% long at an average price of SPX 1704.48 on Monday and were stopped out yesterday at SPX 1696.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 13467.28 cumulative SPX points, compared to a gain of 1238.49 points in the index itself over the same period. That’s a ratio of 10.87 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 September 25, 2013) The Intermediate Term Model remains bullish. The odds are that the recent decline from the highs is over or about over, and the market will challenge those highs sooner rather than later.
The daily model is bullish today, but with futures soft overnight, I am reluctant to rush in right now.
Thanks for the opportunity to be of service, and I’ll email you again later today.
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