Turov Share 0 Tweet Trader’s Wire Market Update for Tuesday, June 20, 2017 The SPX advanced 20.31 points yesterday to close at 2453.46. TOT daily traders went 200% long at SPX 2431.24 Friday and took profits on the close yesterday. Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17366.63cumulative SPX points, compared to a gain of 1994.53 points in the index itself over the same period. That’s a ratio of 8.71to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +8.71 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 May 10, 2017.) The Intermediate Term Model remains bearish. But while it is bearish, in the absence of a bearish news catalyst, I don’t expect the decline to be any more robust than the advance that preceded it. The daily model is bearish today. TOT daily traders are advised to go 200% short at SPX 2452 stop. If the SPX advances to 2456 before declining to 2452, raise your entry sell short stop to SPX 2454, and for each additional 2 point advance, if it occurs, raise the entry sell short stop by an equivalent 2 points. Once short, use a 1% protective buy stop on the position.