This is Turov on Timing for Wednesday, September 9, 2009.
The Standard & Poor’s 500 Index (“SPX”) advanced 8.99 points yesterday to close at 1025.39. TOT daily traders took a 5.41 point scalping loss on 4 units and are currently flat.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 11094.95 cumulative SPX points, compared to a gain of 566.46 points in the index itself over the same period. That’s a ratio of 19.59 to 1.
The super long term perspective for the stock market remains bearish (as it has been since January 2000). I expect that the bear market will resume in earnest in 2010, leading to a possible end to that decade long perspective at lower prices in 2010 or 2011. But we’re certainly not at that point yet.
The Intermediate Term Model remains bullish.
The daily model is bearish today. TOT daily traders are advised to go 300% short at the market. Use a 1.5% stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again between 10:45 and 10:55 a.m. with an advisory for the balance of the day.
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