I will be traveling internationally this afternoon and overnight and will not be able to publish a daily hotline tomorrow. Therefore, this hotline is for the following two days. And even though these travel plans were made some time ago, it happens to come at a particularly opportune time, as it is extremely unlikely that any of our three models will change within the next several days.
The monthly Turov on Timing newsletter was emailed yesterday, and you should have received it by now.
The SPX had a particularly dull day yesterday, declining by 1.31 point to close at 1201.72. TOT daily traders were on the sidelines for the session and missed exactly nothing.
Since initiation of this service on September 30, 1993, our daily trader recommendations have gained 742.79 cumulative SPX points compared to a gain of 8479.31 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.
Both the long and short term models remain bullish.
The daily model is as dead-neutral as it can be today, reflecting an almost perfect balance between bullish and bearish directional component indicators of the model. Continue to stand aside (quite possibly for the balance of the week, but that is not a given yet).
Thanks for the opportunity to be of service, and I’ll email you again in 48 hours. That’s the regular time, 6 hours prior to the start of Thursday’s session.
Turov on Timing is Copyright (c) 2005 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.