All posts in "Turov"

Turov and the Trader’s Wire Market Opinion for Friday, October 20, 2017

Turov and the Trader’s Wire Market Opinion for Friday, October 20, 2017

by Daniel Turov

The SPX advanced 0.84 point yesterday to close at 2562.10.  TOT daily traders were on the sidelines for the session.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17496.90 cumulative SPX points, compared to a gain of2103.17 points in the index itself over the same period.  That’s a ratio of 8.32 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.32 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated October 17, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.  As described in the October monthly TOT, a non-economic catalyst will most likely be the driver behind such a reversal in the market, and the timing of such a catalyst is not possible at the present time.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs.

After the close yesterday, The Senate passed a budget resolution, a key step on the way to tax reform.  It still needs to reconcile its budget proposal with a different one passed by the House. Once Congress approves a budget, it will start writing a tax bill that Republicans hope to pass this year. As a result, markets are strong in overnight trading.

In our sister publication, Turov on Overnight Possibilities, I wrote late yesterday afternoon, “short SPY if the SPX is closing down (as it is now) and stand aside if the SPX is closing up.”  That’s because a bullish close was signaling the potential (but not the certainty) of a continued advance today.  As a result, the daily model is slightly bullish today, but the big gap overnight makes any buy recommendation too dangerous.  We will stand aside for the time being.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Thursday, October 19, 2017

Turov and the Trader’s Wire Market Opinion for Thursday, October 19, 2017

by Daniel Turov

A tiny gain for the market and a tiny gain for us as the SPX advanced 1.9 points yesterday to close at 2561.26.  TOT daily traders went 100% short on the SPX 2562.87 opening and took a profit on the close.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17496.90cumulative SPX points, compared to a gain of 2102.33 points in the index itself over the same period.  That’s a ratio of 8.32to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.32 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated October 17, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.  As described in the October monthly TOT, a non-economic catalyst will most likely be the driver behind such a reversal in the market, and the timing of such a catalyst is not possible at the present time.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs.

The daily model is slightly bullish today.  I expect to make a recommendation later today, but not now.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Wednesday, October 18, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, October 18, 2017

by Daniel Turov

The SPX advanced 1.72 points yesterday to close at 2559.36 in another sleepy session.  TOT daily traders were on the sidelines for the session and missed very little.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17495.29cumulative SPX points, compared to a gain of 2100.43 points in the index itself over the same period.  That’s a ratio of 8.33to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.33 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated October 17, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.  As described in the October monthly TOT, a non-economic catalyst will most likely be the driver behind such a reversal in the market, and the timing of such a catalyst is not possible at the present time.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs.

The daily model is slightly bearish today.  TOT daily traders are advised to go 100% short at SPX 2561 limit.  Because it is a small position, if you go short, hold the position without a stop (at least for the time being).

 

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Tuesday, October 17, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, October 17, 2017

by Daniel Turov

The SPX advanced 4.47 points yesterday to close at 2557.64.  On yesterday’s message I said, “The market will likely open a tad higher, continuing its tepid but relentless advance.  However, the opening may well be the high for the day.”  Indeed, SPY opened at 255.21, went to a high of 255.51, and ended the session virtually unchanged from the opening at 255.29.  TOT daily traders were on the sidelines for the session and missed very little.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17495.29cumulative SPX points, compared to a gain of 2098.71 points in the index itself over the same period.  That’s a ratio of 8.34to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.34 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated October 17, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.  As described in the October monthly TOT, a non-economic catalyst will most likely be the driver behind such a reversal in the market, and the timing of such a catalyst is not possible at the present time.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs.

As I stated in the paragraph above, “The odds favor the market drifting higher UNTIL something bad and unexpected occurs.”  The directional component of the daily model is bullish today, but the risk component is unacceptably high.  The market will likely move a bit higher, but I don’t want the risk.  Stand aside and await a better trading opportunity.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Monday, October 16, 2017

Turov and the Trader’s Wire Market Opinion for Monday, October 16, 2017

by Daniel Turov

The SPX advanced 2.34 points Friday to close at 2553.17.  TOT daily traders went 300% long at SPX 2553 and sold the position at the same price.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17495.29cumulative SPX points, compared to a gain of 2094.24 points in the index itself over the same period.  That’s a ratio of 8.35to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.35 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated October 16, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.  As described in the October monthly TOT, a non-economic catalyst will most likely be the driver behind such a reversal in the market, and the timing of such a catalyst is not possible at the present time.

The daily model is neutral today.  The market will likely open a tad higher, continuing its tepid but relentless advance. However, the opening may well be the high for the day.  Stand aside and await a better trading opportunity.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Friday, October 13, 2017

Turov and the Trader’s Wire Market Opinion for Friday, October 13, 2017

by Daniel Turov

The SPX declined 4.31 points yesterday to close at 2550.93.  TOT daily traders went 300% long at SPX 2553 and have held the position overnight twice and into today.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17492.08cumulative SPX points, compared to a gain of 2092.00 points in the index itself over the same period.  That’s a ratio of 8.36to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.36 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The daily model is bullish today, as expected.  TOT daily traders come into today’s session 300% long from SPX 2553. Maintain the 1% protective sell stop at SPX 2527.47.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Thursday, October 12, 2017

Turov and the Trader’s Wire Market Opinion for Thursday, October 12, 2017

by Daniel Turov

The SPX advanced  4.6 points yesterday to close at 2555.24.  TOT daily traders went 300% long at SPX 2553 and have held the modestly profitable position overnight and into today.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17505.01cumulative SPX points, compared to a gain of 2096.31 points in the index itself over the same period.  That’s a ratio of 8.35to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.35 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The daily model is bullish today, as expected.  TOT daily traders come into today’s session 300% long from SPX 2553. Maintain the 1% protective sell stop at SPX 2527.47.  (Note, that’s a total risk of 1% times the 300% position; if you are risking more than 3% of your capital, you’re over-leveraging).  If not stopped out, and if the SPX is closing at or below 2556.11, carry the position overnight and into Friday.  If not stopped out, and if the SPX is closing above 2556.11, take your profit on the close and go overnight flat.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Wednesday, October 11, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, October 11, 2017

by Daniel Turov

The SPX advanced  5.91 points yesterday to close at 2550.64.  TOT daily traders went 300% short near the high of the day at SPX 2552 and took a small profit on the close.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17498.29cumulative SPX points, compared to a gain of 2091.71 points in the index itself over the same period.  That’s a ratio of 8.37to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.37 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The daily model is bullish today, as expected.  TOT daily traders are advised to go 300% long at SPX 2553 stop, 2555 limit. (That means if the SPX rises to 2553 or higher, go long at 2555 or lower.)

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Tuesday, October 10, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, October 10, 2017

by Daniel Turov

The SPX declined  4.6 points yesterday to close at 2544.73.  TOT daily traders were on the sidelines for the session.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17494.21 cumulative SPX points, compared to a gain of 2085.80 points in the index itself over the same period.  That’s a ratio of 8.39 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.39 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

I found it interesting that Allianz chief economic advisor, Mohamed El-Erian, was quoted on CNBC yesterday, saying that “only a major shock like North Korea or a policy mistake could hurt stocks.”  I wonder if he read the monthly October Turov on Timing (distributed Sunday night)…

The daily model is bearish today, and the market is likely to decline after a brief early morning advance.  TOT daily traders are advised to go 300% short at SPX 2544 stop.  If the SPX advances to 2548 before reaching 2544, raise the entry sell stop to 2546, and for each additional 2 point advance, raise the entry sell stop by an equivalent 2 points.  Once short, use a 1% protective buy stop on the position.  Inasmuch as I expect today’s decline to be only a one-day affair, if not stopped out, cover the short on the close regardless whether the trade today is profitable or not.

 

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Monday, October 9, 2017

Turov and the Trader’s Wire Market Opinion for Monday, October 9, 2017

by Daniel Turov

The SPX declined  2.74 points Friday to close at 2549.33.  TOT daily traders went 200% long at SPX 2536 on Wednesday and took profits on Friday’s close.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17494.21 cumulative SPX points, compared to a gain of 2090.40 points in the index itself over the same period.  That’s a ratio of 8.37 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.37 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

Two conflicts over the weekend are likely to play out today – the dispute between Turkey and the United States and perhaps the more important one between Senator Corker and President Trump.  Gold is up $11 in overnight trading, and that may portend weakness in stocks, although most equity index futures are slightly higher.  As reported Friday in our sister publication, Turov on Overnight Possibilities, the daily model is neutral today, and we will stand aside for the time being.

 

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Friday, October 6, 2017

Turov and the Trader’s Wire Market Opinion for Friday, October 6, 2017

by Daniel Turov

A good day for both the market and the home team as the SPX advanced 14.33 points yesterday to close at 2552.07.  TOT daily traders went 200% long at SPX 2536 on Wednesday and have carried the position overnight twice and into today.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17499.69 cumulative SPX points, compared to a gain of 2093.14 points in the index itself over the same period.  That’s a ratio of 8.36 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.36 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The daily model is bullish today.  TOT daily traders come into today’s session 200% long.  Raise your stop to SPX 2536.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Thursday, October 5, 2017

Turov and the Trader’s Wire Market Opinion for Thursday, October 5, 2017

by Daniel Turov

The SPX advanced 3.16 points yesterday to close at 2537.74.  TOT daily traders went 200% long at SPX 2536 and have carried the position overnight and into today.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17471.03 cumulative SPX points, compared to a gain of 2078.81 points in the index itself over the same period.  That’s a ratio of 8.40 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.40 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The daily model is bullish today.  TOT daily traders come into today’s session 200% long.  Raise your stop to SPX 2515.  The odds favor the market going in the same direction Friday as it does today.  Therefore, if not stopped out, and if the SPX is closing up on the close, carry the position overnight and into Friday, but if the SPX is closing down on the close, sell on the close.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Wednesday, October 4, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, October 4, 2017

by Daniel Turov

The SPX advanced 5.46 points yesterday to close at 2534.58.  TOT daily traders were on the sidelines for the session as our price was unattainable.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17467.55 cumulative SPX points, compared to a gain of 2075.65 points in the index itself over the same period.  That’s a ratio of 8.42 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.42 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The daily model is bullish today, but the SPX Index model is dead neutral.  However, the Dow Jones Industrials Index Model is bullish, and it is difficult to imagine the Dow advancing without the SPX moving higher as well.  We will stand aside for the time being, but depending on how the market acts, we may venture in later in the day.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Tuesday, October 3, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, October 3, 2017

by Daniel Turov

The SPX advanced 9.76 points yesterday to close at 2529.12.  TOT daily traders were on the sidelines for the session as our price was unattainable.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17467.55 cumulative SPX points, compared to a gain of 2070.19 points in the index itself over the same period.  That’s a ratio of 8.44 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.44 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated October 2, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.  I’ll address this issue in greater detail in the October monthly TOT, to be distributed this coming Sunday night.

The daily model is bearish today, and the market has a probability of declining (if momentum would only take a break for a moment).   I would like to go short at the first sign of weakness, but not into strength.  TOT daily traders are advised to go 200% short at SPX 2527 stop.  If you go short, use a 1% protective buy stop on the short.  If that SPX 2527 level is not reached, stand aside.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Monday, October 2, 2017

Turov and the Trader’s Wire Market Opinion for Monday, October 2, 201

by Daniel Turov

The SPX advanced 9.3 points Friday to close at 2519.36.  TOT daily traders were on the sidelines for the session.

 

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17467.55 cumulative SPX points, compared to a gain of 2060.43 points in the index itself over the same period.  That’s a ratio of 8.48 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.48 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

Although today is the first trading day of the month – usually a seasonally strong day – the first day of October is nothing special.  I would like to go short at the first sign of weakness, but not into strength.  TOT daily traders are advised to go 200% short at SPX 2517 stop.  If you go short, use a 1% protective buy stop on the short.  If that SPX 2517 level is not reached, stand aside.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Friday, September 29, 2017

Turov and the Trader’s Wire Market Opinion for Friday, September 29, 2017

by Daniel Turov

The SPX advanced 3.02 points yesterday to close at 2510.06.  TOT daily traders were on the sidelines for the session.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17467.55 cumulative SPX points, compared to a gain of 2051.13 points in the index itself over the same period.  That’s a ratio of 8.52 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.52 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

As was the case yesterday, there is a conflict between the daily model (which is bullish) and the index models (which are bearish).  I am continuing to monitor these discrepancies, and when I have data that is conclusive, I will share that with you.  In the meantime, I would stand aside today.  As a side note, it is extremely unusual for these divergences to happen on consecutive days; it is probably just a random event, but it is curious.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Thursday, September 28, 2017

Turov and the Trader’s Wire Market Opinion for Thursday, September 28, 2017

by Daniel Turov

A good day for the market and a disappointing day for us.  The SPX advanced 10.2  points yesterday to close at 2507.04.  TOT daily traders came into the session 200% long, as the daily model was correctly bullish.  However, I made the decision in mid-morning to raise the stop to SPX 2496, and we were whipsawed as the SPX traded down to 2495.91 prior to its moving nicely higher for the rest of the day.  Ouch!

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17467.55 cumulative SPX points, compared to a gain of 2048.11points in the index itself over the same period.  That’s a ratio of 8.53 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.53 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

There is a conflict today between the daily model (which is bullish) and the index models (which are bearish).  I am continuing to monitor these discrepancies, and when I have data that is conclusive, I will share that with you.  In the meantime, I would stand aside today.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Wednesday, September 27, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, September 27, 2017

by Daniel Turov

The SPX advanced .18 points yesterday to close at 2496.84.  TOT daily traders went 200% long on the opening and have carried the position overnight and into today.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17477.81 cumulative SPX points, compared to a gain of 2037.91points in the index itself over the same period.  That’s a ratio of 8.58 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.58 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The daily model is moderately bullish today.  TOT daily traders come into today’s session 200% long.  Maintain the protective sell stop on the position at SPX 2476.03.  I expect to raise that stop later today, but not right now.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Monday, September 25, 2017

by Free-Photos from Pixabay

Turov and the Trader’s Wire Market Opinion for Monday, September 25, 2017

by Daniel Turov

The SPX advanced 1.62 points Friday to close at 2502.22.  TOT daily traders were on the sidelines for the day.  For the week, the SPX was up 1.99 points and TOT daily traders gained 5.34 points.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17483.48 cumulative SPX points, compared to a gain of 2043.29points in the index itself over the same period.  That’s a ratio of 8.56 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.56 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The daily model is moderately bearish today.  TOT daily traders are advised to go an unleveraged 100% short at the market and to hold the small position without a stop for the time being.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

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Turov and the Trader’s Wire Market Opinion for Friday, September 22, 2017

Turov and the Trader’s Wire Market Opinion for Friday, September 22, 2017

by Daniel Turov

The SPX declined 7.64 points yesterday to close at 2500.60.  TOT daily traders went 200% short at SPX 2503.87 on Monday and took profits yesterday at SPX 2500.60.  For the week so far, the SPX is up 0.37 points and TOT daily traders are up 5.34 points.

GOLD: Two weeks ago, after gold reached its 1350 objective, I recommended selling gold and going short. Yesterday, gold closed at 1292.03, a decline of 4% in a short period of time.  That’s probably “it” for now.  My gold model has now reversed to “buy” and a move to new 2017 highs before the end of the year is likely.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17483.48 cumulative SPX points, compared to a gain of 2041.67 points in the index itself over the same period.  That’s a ratio of 8.56 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.56 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated August 1, 2017) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (within the context of a medium term bull market).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market may be lower in real dollars in 2020 than it was in 2000, although higher in nominal dollars.  For a long time, I’ve been saying, “I also expect that our new 2016-elected President will have some very serious problems during his/her single term in office.”  That belief stands, and we see it happening already.

(The commentary in this paragraph last updated September 13, 2017) The Intermediate Term model has remains neutral.  I expect the market to have a severe selloff sometime relatively soon – but not yet.

The directional component of the daily model is neutral today, and the risk component is quite high.  We will stand aside and not risk capital.

Daniel Turov

In 1994, he was named “Supertrader of Wall Street” by the Stock Trader’s Almanac.

In 2001, he was named “Supertrader of the Millennium” by the Stock Trader’s Almanac.

He’s been a Securities and Exchange Commission Registered Investment Advisor and a member of the National Futures Association and is licensed by the State of California as a Life agent.

Since 1993, he’s authored Turov on Timing, a monthly and daily publication specializing in stock market timing. Turov Investment Group Inc. (as a corporation) and Daniel Turov (as an individual) are California licensed Registered Investment Advisers. Investors from all 50 U.S. states and most foreign nations are welcomed as clients.

Turov on Timing (TOT) is written by Daniel Turov. It is structured as a monthly newsletter plus a daily email service. Each day that I’m physically in the United States (on average, all but about ten business days a year), I email a daily message by midnight Pacific time to subscribers. I also send out special intraday messages when I deem them appropriate. On average, that’s a total of about 400 emails a year.

Each daily email reports on my Daily Model, Intermediate Term Model, and my Long Term Perspective. For a Track Record of the Daily Model recommendations, from September 1993 through February 2017, click here

The cost of the daily email service is only $397 per year (about $1 per email), and email subscribers receive, free of additional charge, the monthly newsletter. The cost of the monthly newsletter alone (i.e., without the daily message) is $95 per year if you want to receive it by email or $195 per year if you want to receive it by US Mail.

Click Here To Subscribe To Turov On Timing

Continue reading >
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