This is a 10:38 intraday update of Turov on Timing for Tuesday, October 18, 2011.
In the half hour since my last message at 10:08, the SPX has rebounded to where it is now in the black! Wild…
I would not like to see the day’s lows violated.
TOT daily traders are 300% long from SPX 1202. Raise your stop on the entire position to SPX 1188. 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.
Turov on Timing is Copyright © 2011 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.