This is a 10:08 intraday update of Turov on Timing for Tuesday, October 18, 2011.
The SPX is off about 8 points this morning after an early session attempt to rally. Not good.
TOT daily traders are 300% long from SPX 1202. Raise your stop on one unit to SPX 1188, on the second unit to SPX 1184 and maintain the SPX 1177 stop on the third unit. If still long as we approach the close, sell out on the close and go overnight flat.
Thanks for the opportunity to be of service, and I will update in about 16 hours – or sooner if circumstances warrant.
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