This is a 10:00 a.m. intraday update of Turov on Timing for Wednesday, December 26, 2007. This is in lieu of the promised 10:50 a.m. update.
The market opened soft this morning on disappointing holiday retail sales, coupled with an unrelated surge in oil prices.
TOT daily traders came into today’s session 200% long and were stopped out at SPX 1490. We are currently flat. Cancel the previous recommendation to go “an additional 100% long at SPX 1497.65 stop,” and stand aside for the balance of today’s session.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Thursday’s session – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2007 by Turov Investment Group Inc. All rights reserved. Turov on Timing is for personal use only. All caveats and advisories that appear in the monthly Turov on Timing apply equally to this email. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the Turov Investment Group Inc.