The Trader’s Wire Market Update for Tuesday, March 7, 2017 – TheTradersWire

The Trader’s Wire Market Update for Tuesday, March 7, 2017

The Trader’s Wire Market Update for Monday, March 6, 2017

The SPX declined 7.81 points yesterday to close at 2375.31.

SPY 03-07-2017

Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17099.75 cumulative SPX points, compared to a gain of 1924.19 points in the index itself over the same period.  That’s a ratio of 8.89 to one.  (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +8.89 to one, since that’s the ratio of outperformance already achieved, that ratio will decline.)

(The commentary in this paragraph last updated November 10, 2016) The super long term perspective (a prediction, not a forecast!) for the stock market remains bearish (as it has been since January 2000 after having been bullish for over 25 years, from December 1974 until then).  I believe that, adjusted for REAL inflation (not the funny numbers the Social Security Administration uses) the stock market will be lower in real dollars in 2020 than it was in 2000.  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.

(The commentary in this paragraph last updated February 3, 2017.)  The Intermediate Term Model is bearish.  This signal was wrong for a surprising amount of time, but at the present time, it seems more likely than the more commonly held bullish perspective.

The daily model is bullish today, and in the absence of unknown news, we should see higher prices.  TOT daily traders are advised to go 300% long at SPX 2376 stop.  If the SPX declines to 2372 before advancing to 2376, lower the entry buy stop to SPX 2394, 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.

Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances warrant.

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