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Turov and the Trader’s Wire Market Opinion for Friday, November 3, 2017

Turov and the Trader’s Wire Market Opinion for Friday, November 3, 2017

by Daniel Turov

A good day for the home team.  Even though the SPX advanced a paltry 0.49 point yesterday to close at 2579.85, TOT daily traders went 200% long at SPX 2572.00 at 10:39 a.m.(7:39 a.m. Pacific time; sorry for any confusion).  On yesterday’s overnight message, I said, “I expect today’s pattern to be the opposite of Wednesday’s, with the market opening soft (despite Facebook’s good report) and then moving higher,” and that’s exactly what happened.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17497.09 cumulative SPX points, compared to a gain of 2120.92points in the index itself over the same period.  That’s a ratio of 8.25 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.25 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 3, 2017) The Intermediate Term model has upticked from neutral to 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 the past month, but it has remained stoically resistant to declining.  I would much rather be bearish than bullish, but the model disagrees..

TOT daily traders are 200% long from 2572.  Maintain the stop at SPX 2556.  If not stopped out, carry the position over the weekend and into Monday.

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 1, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, November 1, 2017

by Daniel Turov

The SPX advanced 2.43 points yesterday to close at 2575.26.   TOT daily traders were on the sidelines for the session as our action point was not reached.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17481.39 cumulative SPX points, compared to a gain of 2116.33points 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 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.

I expect that drift higher to continue this morning, but it to fizzle out as the day progresses.  Most traders know that the first day of a new month (FDOM) is usually up, BUT that is not true for the first day of November in the 21st Century.  So I expect a gap opening higher but little or no follow through.  Index ETFs will probably close lower than they open, but I am reluctant to go short on the FDOM, despite the poor November record.  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 Tuesday, October 31, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, October 31, 2017

by Daniel Turov

The SPX declined 8.24 points yesterday to close at 2572.83 on the heels of negative news about the anticipated corporate tax cut.  TOT daily traders went 300% short at SPX 2578 and took a loss on the close.

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17481.39 cumulative SPX points, compared to a gain of 2113.90points in the index itself over the same period.  That’s a ratio of 8.27 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.27 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.

I expect that drift higher to continue this morning, but for the market to move lower later in the day.  TOT daily traders are advised to go 200% short at SPX 2584 limit if the SPX rises to that level.  If so, we will risk 10 points (x200%) to make 10.  In other words, if you go short, cover the short at SPX 2574 limit or at SPX 2594 stop, whichever comes first.  If (still) short at 3:45 p.m. I’ll update then; otherwise at about 10:00 p.m.

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 30, 2017

Turov and the Trader’s Wire Market Opinion for Monday, October 30, 2017

by Daniel Turov

The SPX advanced sharply Friday to close at 2581.07 on the heels of superb earnings from Amazon and Google.  For the week as a whole, the SPX advanced 5.86 points, and TOT daily traders broke even as Monday’s purchase was stopped out on Friday as at the same price.

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 of 2122.14points 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 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.

While the market advanced sharply on Friday, the Dow Industrials had a mediocre day, gaining only 0.14%, less than 1/20th the gain in the Nasdaq index, and about 1/6th as much as the SPX.  While there was a loss in the Dow ETFs, the Diamonds (DIA), of the same 0.14%, it didn’t hurt Turov on Overnight Possibilities subscribers  badly.  On Thursdayafternoon, our sister publication, Turov on Overnight Possibilities, recommended shorting DIA and had a negligible loss on the day.  A subscription to Turov on Overnight Possibilitiesfrom now through year-end 2017 is available by going to www.paypal.com and remitting $166 to investmentadvice@aol.com.

Although the intuitive feeling is that the market will endure profit taking today, the daily model is quite bullish.  TOT daily traders are advised to go 300% long at SPX 2582 stop.  If the SPX declines to 2578 before reaching 2482, lower the entry buy stop to SPX 2580.  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 Wednesday, October 25, 2017

Turov and the Trader’s Wire Market Opinion for Wednesday, October 25, 2017

by Daniel Turov

The SPX advanced 4.15 points yesterday to close at 2569.13.  TOT daily traders went 200% short at SPX 2576 on Monday 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 17510.64 cumulative SPX points, compared to a gain of 2110.20points in the index itself over the same period.  That’s a ratio of 8.30 to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.30 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 bearish today, and the market is likely to move a little bit lower.  TOT daily traders come into today’s session 200% short from SPX 2576. Maintain the protective buy stop on the position at a breakeven SPX 2576.

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 24, 2017

Turov and the Trader’s Wire Market Opinion for Tuesday, October 24, 2017

by Daniel Turov

A good day for the home team as the SPX declined 10.23 points yesterday to close at 2564.98.  TOT daily traders went 200% short at SPX 2576 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 17518.94 cumulative SPX points, compared to a gain of 2106.05points 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.

The daily model is bearish today, and the market is likely to move a little bit lower.  TOT daily traders come into today’s session 200% short from SPX 2576.  Lower the protective buy stop on the position to a breakeven SPX 2576.

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 23, 2017

Turov and the Trader’s Wire Market Opinion for Monday, October 23, 2017

by Daniel Turov

The SPX advanced 13.11 points Friday to close at 2575.21.  TOT daily traders were on the sidelines for the session.  It was the third consecutive week that the daily model results were positive yet less positive than the market itself.  That’s because, simply stated, we have seen the market as being more risky than it actually has been.

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 2116.28 points in the index itself over the same period.  That’s a ratio of 8.27to one.  (Please note that any day in which the daily trader recommendation fails to outperform the SPX by at least a ratio of +8.27 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.

In our sister publication, Turov on Overnight Possibilities, I wrote late Friday afternoon, “Miscellaneous note (not part of the daily model):  Since October 2002 (15 years ago, when I started keeping such records), there have been seven times when the third week of the month has seen the SPX rise every day (as is the case this week).  In all seven cases, the SPX declined the following Monday (by an average of 6.75 points).  However, none of those cases were in October.”

The daily model is bearish today, and the market is likely to take a breather after a probably stronger opening as a result of Abe’s reelection victory in Japan.  TOT daily traders are advised to go 200% short at SPX 2574 stop.  If the SPX advances to 2578 before declining to 2574, raise the entry sell stop to 2576, 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.

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 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

Continue reading >
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