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Turov and the Trader’s Wire Market Opinion for Friday, December 15, 2017

Turov and the Trader’s Wire Market Opinion for Friday, December 15, 2017

by Daniel Turov

The SPX declined 10.84 points yesterday to close at 2652.01.  Although we forecast a falling market yesterday, 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 17522.98 cumulative SPX points, compared to a gain of2193.08 points in the index itself over the same period.  That’s a ratio of 7.99 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +7.99 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The daily model is very bullish today, and the odds of the market rising are about 3:1.  Please note that means there is a 25% chance the market will not rise!

TOT daily traders are advised to go 400% long at SPX 2653 stop.  If the SPX declines to 2648 before reaching 2653, lower the entry buy stop to SPX 2650.  And for each additional 2 point decline, if it occurs, lower the entry buy stop by an equivalent 2 points.  Once long, use a 1% protective sell stop on the position.

If the SPX is up on the day, take your profit on the close, and I’ll email you again prior to Monday’s opening.  If the SPX is down on the day, or too close to call, I’ll email you again prior to today’s 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 Tuesday, December 12, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, December 12, 2017

by Daniel Turov

The SPX advanced 14.52 points Friday to close at 2659.99.  TOT daily traders went 200% short at SPX 2654 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 17543.00 cumulative SPX points, compared to a gain of 2201.06 points in the index itself over the same period.  That’s a ratio of 7.97 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +7.97 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The daily model is bearish today, although overnight futures are up.  TOT daily traders are currently 200% short. Maintain the 1% buy stop on the position at SPX 2680.54.  If you are risking more than 2% of your equity (1% times 2 units), you are overtrading, in my opinion.

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, December 11, 2017

Turov and the Trader’s Wire Market Opinion for Monday, December 11, 2017

by Daniel Turov

The SPX advanced 14.52 points Friday to close at 2651.50.  TOT daily traders went 200% long at SPX 2635 on Thursday, held the position overnight and into Friday, and took profits at SPX 2651.50 on Friday’s close.

For the week as a whole, our daily trader recommendations gained 26.81 cumulative SPX points, almost triple the gain of 9.28 points in the index itself.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17554.98 cumulative SPX points, compared to a gain of 2192.57 points in the index itself over the same period.  That’s a ratio of 8.01 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.01 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The daily model is bearish today, although overnight futures are up a tad.  TOT daily traders are advised to go 200% short at SPX 2650 stop.  If the SPX advances to 2654 before declining to 2650, raise your entry sell stop to SPX 2652.  And for each additional 2 point advance, if it occurs, raise the entry sell stop by an equivalent 2 points.  Once short, use a 1% buy stop on the position.

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, December 7, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, December 6, 2017

by Daniel Turov

The SPX declined .3 point yesterday to close at 2629.27.  It was the fourth consecutive decline for the SPX.  TOT daily traders went 300% long at SPX 2628 and took a 3.81 point cumulative profit, selling on the close.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17521.98 cumulative SPX points, compared to a gain of 2170.34 points in the index itself over the same period.  That’s a ratio of 8.07 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.07 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The market has the potential to go up 20 SPX points or more today.  But it also has the potential to go down by 20 SPX points or more.  Up is more likely than down, but either is a good possibility.  TOT is an SPX-related service, so we’re not going to stick our nose where it doesn’t belong, but straddles at or below fair value seem like the best bet.  I’m inclined to go long – but I won’t.  Stand aside as risk is simply too high.

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, December 6, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, December 6, 2017

by Daniel Turov

The SPX declined 9.87 points yesterday to close at 2629.57.  It was the third consecutive decline for the SPX.  TOT daily traders were on the sidelines for the session.  (Advertisement: Turov on Overnight Possibilities traders were long the TLT ETF for a .56% gain.)
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17518.17 cumulative SPX points, compared to a gain of 2170.64 points in the index itself over the same period.  That’s a ratio of 8.07 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.07 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).
The daily model is bullish today, and it is backed up by bullish readings in all four of the major indices.  However, because of a Consumers Report article released late Tuesday concluding that IPhone X is inferior to Samsung’s new phones, Apple and Nasdaq may open lower.  That’s good if it enables us to go long at a lower price.
TOT daily traders are advised to go 300% long at SPX 2632 stop (which I don’t believe will be reached until lower prices are reached first.  If the SPX declines to 2628 before reaching 2632, lower the entry buy stop to SPX 2630.  And for each additional 2 point decline, if it occurs, lower the stop by an equivalent 2 points.  Once long, use a 1% protective sell stop on the position.

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, December 5, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, December 5, 2017

by Daniel Turov

The SPX declined 2.78 points yesterday to close at 2639.44 in a day that saw the market fall precipitously after a very strong opening.  TOT daily traders went 200% long at SPX 2650 and took a small loss, closing the position at SPX 2645.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17518.17 cumulative SPX points, compared to a gain of 2180.51 points in the index itself over the same period.  That’s a ratio of 8.03 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.03 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

While the Dow kept some of its early gains yesterday, and the SPX was down only a small amount (although both were down a lot from their highs), the Nasdaq index really got hit hard, falling 1.17%.  Tech stocks were hit especially hard.  I noticed in Alex Eule’s column in this week’s BARRON’S that 64% of the world’s memory chips are produced in South Korea – so while markets remain rather sanguine about the North Korean nuclear threat, a war there, which the Eurasia Group puts at a 20% possibility in the Eule column, would slow worldwide technology growth significantly, with repercussions in many other industries, as well, no doubt.

Yesterday had all the flavor of a bearish reversal, but the daily model is bullish today.  I NEVER take a position contrary to the daily model but I sometimes override it.  Today is one of those days.  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, December 4, 2017

Turov and the Trader’s Wire Market Opinion for Monday, December 4, 2017

by Daniel Turov

The SPX declined points 5.36 points Friday to close at 2642.22 in a day that saw the market fall precipitously before recovering more than ¾ of the decline.  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 17528.17 cumulative SPX points, compared to a gain of 2183.29 points in the index itself over the same period.  That’s a ratio of 8.03 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.03 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

In a report I sent out Friday afternoon at 3:26, I said, “the SPX-based daily model is likely to be bullish” on Monday, and overnight futures are indeed up sharply indicating that the SPX will indeed be strong today.  If TOT daily traders can go 200% long at SPX 2650 or lower, do so.  Otherwise, chasing the overnight futures seems too risky.

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, December 1, 2017

Turov and the Trader’s Wire Market Opinion for Friday, December 1, 2017

by Daniel Turov

The SPX advanced 21.51 points yesterday to close at 2647.58.  TOT daily traders went 200% short at SPX 2636 and took our lumps on the close.  It’s been a rough week..  We are currently flat.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17528.17 cumulative SPX points, compared to a gain of 2188.65 points in the index itself over the same period.  That’s a ratio of 8.01 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.01 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The daily model is neutral today, and that is doubly true with the tax bill up in the air.  We may take a position later in the day, but for the time being, 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 Thursday, November 30, 2017

Turov and the Trader’s Wire Market Opinion for Thursday, November 30, 2017

by Daniel Turov

The SPX declined 0.97 points yesterday to close at 2626.07.  TOT daily traders went 200% long at SPX 2627.82 and sold at 2626.07 on the close.  We are currently flat.

For the month of November as a whole so far, our daily trader recommendations have gained 69.94 cumulative SPX points, compared to a gain of 50.81points in the index itself over the same period.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17551.33 cumulative SPX points, compared to a gain of 2167.14 points in the index itself over the same period.  That’s a ratio of 8.10 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.10 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The daily model is bearish today, with most of the anticipated day’s decline occurring late in the session.  TOT daily traders are advised to go 200% short at SPX 2625 stop.  If the SPX rises to 2628 before declining to 2625, raise the entry sell stop to SPX 2626.  And for each additional 2 point advance, if it occurs, raise the entry sell stop by an equivalent 2 points.  Once short, use a 1% protective buy stop on the position.  If still short as we approach the close, cover the position at the market 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 Tuesday, November 28, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, November 28, 2017

by Daniel Turov

The SPX declined 1 point yesterday to close at 2601.42.  TOT daily traders went 300% long at SPX 2600.42 on Friday and took a really, really small profit, selling on Monday’s close.

On the other hand (advertisement coming), in Turov on Overnight Possibilities, I had recommended GDX (the precious metals ETF) on Friday’s close at 22.83; it closed Monday at 23.05, a 1% gain.  Past performance is not a guarantee of future performance, (but, IMHO, it isn’t irrelevant either).

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17574.83 cumulative SPX points, compared to a gain of 2142.49 points in the index itself over the same period.  That’s a ratio of 8.20 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.20 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The daily model is bearish today, and TOT daily traders are advised to go 200% short at the market.  Once short, use a 1% protective buy stop on the position.

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, November 23, 2017

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, November 22, 2017

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Turov and the Trader’s Wire Market Opinion for Wednesday, November 22, 2017

by Daniel Turov

The SPX advanced 16.89 points yesterday to close at 2599.03.  SPX-based TOT daily traders were on the sidelines for the session.  However, Turov on Overnight Possibilities traders went long the GDX ETF and had a .80% profit on the session (times whatever leverage they used).

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17571.83 cumulative SPX points, compared to a gain of 2140.10 points in the index itself over the same period.  That’s a ratio of 8.21 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.21 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The SPX outlook is mixed for today, and the key will be news (if any is significant) and how the index acts as it breaks (or doesn’t) the 2600 level.  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 Tuesday, November 21, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, November 21, 2017

by Daniel Turov

The SPX advanced 3.29 points yesterday to close at 2582.14.  TOT daily traders went 200% long at SPX 2582 and took a tiny profit on the close.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17571.83 cumulative SPX points, compared to a gain of 2123.21 points in the index itself over the same period.  That’s a ratio of 8.28 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.28 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

I expect to see yesterday’s small gain reversed today.  TOT daily traders are advised to go 200% short at SPX 2581 stop if the SPX declines a bit to that level.  If you go short, use a 1% protective buy stop on the position.

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, November 17, 2017

Turov and the Trader’s Wire Market Opinion for Friday, November 17, 2017

by Daniel Turov

The SPX advanced 21.02 points yesterday to close at 2585.64.  TOT daily traders went 200% long on Wednesday’s close and took profits on yesterday’s close. For the week so far, the SPX is up 3.34 points while TOT daily traders are up 42.04 points.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17571.25 cumulative SPX points, compared to a gain of 2126.71 points in the index itself over the same period.  That’s a ratio of 8.26 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.26 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The odds are that today will see the SPX retrench, with a minor decline, not worthy of shorting in a bull market.  Start the weekend early.

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, November 14, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, November 14, 2017

by Daniel Turov

The SPX advanced 2.54 points yesterday to close at 2582.30, reversing Friday’s decline by virtually the same amount.  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 17529.21cumulative SPX points, compared to a gain of 2123.37 points in the index itself over the same period.  That’s a ratio of 8.26 to one. (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.26 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The daily model is bearish today but not by much.  I expect to see another microscopically down day, in the absence of significance news.  I simply don’t see the justification for assuming risk here.  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, November 10, 2017

Turov and the Trader’s Wire Market Opinion for Friday, November 10, 2017

by Daniel Turov

The SPX declined 9.76 points yesterday to close at 2584.62.  TOT daily traders went 200% short on the opening and covered the short on the close.

Unfortunately, because the market gap opened down about ten points, TOT daily traders did not profit from the trade.  However, In our sister publication, Turov on Overnight Possibilities, I recommended going short the Dow ETF (DIA) on Wednesday’s close.  So TOP subscribers went short BEFORE yesterday morning’s gap opening.  Since all TOP subscriptions run from January 1 through December 31 at $997 per year, a prorated subscription for the balance of 2017 is $139.  If you would like to “check it out” by subscribing for the balance of 2017, please send $139 via paypal.com to investmentadvice@aol.com or send a check to Turov Investment Group Inc.; 9062 Rowlett Ave./ San Diego, CA 92129.  If you send a check, also send me an email that you have done so, so that I can begin your subscription immediately. SPECIAL OFFER:  For Turov on Timing subscribers only, who have never subscribed to or taken a trial subscription to Turov on Overnight Possibilities, I make the following special offer which expires on Monday night at midnight: TOP was started as a way to eliminate the “gap” issue, and it has worked well in that regard.  If you subscribe to TOP for the balance of 2017 and if you are not satisfied by Christmas, send me a refund request (and a copy of this email) between Christmas and New Year’s (not before and not after) and I will refund 100% of your $139.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17524.91 cumulative SPX points, compared to a gain of2125.69 points in the index itself over the same period.  That’s a ratio of 8.24 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.24 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

The daily model was correctly bearish yesterday, and as I had stated yesterday, I expect a renewal of the advance on Friday. TOT daily traders are advised to go 200% long at the market.  Once long, use a 1% protective sell stop on the position.

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, November 9, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, November 8, 2017

by Daniel Turov

The SPX advanced 3.74 points yesterday to close at 2594.38.  TOT daily traders went 200% long at SPX 2572.00 on Thursday of last week and took profits on yesterday’s 2594.38close.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17526.15 cumulative SPX points, compared to a gain of2135.45 points in the index itself over the same period.  That’s a ratio of 8.21 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.21 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

Robert Malley has written the following in The Atlantic:  “Lebanon and the region arguably have seen all this before; a leadership vacuum in the context of rising tensions is nothing new. What is new, however, is an unusually apprehensive Israel, an unusually assertive and rash Saudi leadership and, of course, an unusual U.S. president,” Malley writes. “As for Israel: For months now, it has been sounding alarm bells about Hezbollah’s and Iran’s growing footprint in Syria, and more particularly about the Lebanese movement’s soon-to-be-acquired capacity to indigenously produce precision-guided missiles — a development Israeli officials view as a potential game changer they must thwart…  Missing from this picture is any hint of diplomacy — between Iran and Saudi Arabia, Iran and the U.S., or Saudi Arabia and the Houthi; rather, the region faces a free for all in which the only operative restraint on one’s actions is nervousness over what it might provoke. That’s hardly reassuring.” The repercussions of this may become “the” catalyst described in the preceding paragraph.

The daily model is indicating that the market is likely to decline today, before a renewal of the advance on Friday. TOT daily traders are advised to go 200% short at SPX 2594 stop or at SPX 2599 limit, whichever comes first.  Once short, use a 1% protective buy stop on the position.  Win, lose, or draw, in not stopped out previously, cover the short 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, November 8, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, November 8, 2017

by Daniel Turov

The SPX declined 0.49 point yesterday to close at 2590.64, TOT daily traders went 200% long at SPX 2572.00 on Thursday of last week and have carried the position overnight four times and into today.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17518.67 cumulative SPX points, compared to a gain of 2131.71 points in the index itself over the same period.  That’s a ratio of 8.22 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.22 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).
TOT daily traders are 200% long from 2572.  Maintain the stop at SPX 2578.

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, November 7, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, November 7, 2017

by Daniel Turov

The SPX advanced 3.29 points yesterday to close at 2591.13, TOT daily traders went 200% long at SPX 2572.00 on Thursday and have carried the position overnight thrice and into today.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17519.65 cumulative SPX points, compared to a gain of 2132.20points in the index itself over the same period.  That’s a ratio of 8.22 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.22 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

TOT daily traders are 200% long from 2572.  Raise the stop to SPX 2578.

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, November 6, 2017

Turov and the Trader’s Wire Market Opinion for Monday, November 6, 2017

by Daniel Turov

A good day for the home team, as the SPX advanced 7.99 points Friday to close at 2587.84, TOT daily traders went 200% long at SPX 2572.00 on Thursday 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 17513.07 cumulative SPX points, compared to a gain of 2128.91points in the index itself over the same period.  That’s a ratio of 8.23 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.23 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 November 6, 2017) The Intermediate Term model remains bullish.  The odds favor the market drifting higher UNTIL something bad and unexpected occurs – and that can be tomorrow or three years from now.  There have been LOTS of reasons for the market to decline over recent months, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish — because the market seems to be significantly overvalued — but the model disagrees (primarily as a result of continuing and historically low interest rates).

TOT daily traders are 200% long from 2572.  Raise the stop to a breakeven SPX 2572.

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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