Turov Share 0 Tweet Trader’s Wire Market Update for Wednesday, June 21, 2017 Another good day for the home team as the SPX declined 16.43 points yesterday to close at 2437.03. TOT daily traders went 200% short on the opening at SPX 2450.66 and took profits on the close. Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained 17393.89cumulative SPX points, compared to a gain of 1978.10 points in the index itself over the same period. That’s a ratio of 8.79to one. (Please note that any day in which the daily model fails to outperform the SPX by at least a ratio of +8.79 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 bullish today. TOT daily traders are advised to go 200% long at SPX 2438 stop or SPX 2430 limit, whichever comes first. If you go long, use a 1% protective sell stop on the position. If (still) long as we approach the close, and if the SPX is closing in the five point range above 2433.15 and below 2438.15, then hold the position overnight and into Thursday. Otherwise, sell the long position on the close.