This is a 10:45 a.m. intraday update of Turov on Timing for Thursday, May 15, 2008.
TOT daily traders came into today’s session 300% short from SPX 1414. The SPX is currently about 1411. The market strength this morning is bullish, and the liklihood is that the market will move higher yet. Lower your stop to a very close SPX 1412, AND go 200% long at the same time. I’ll have an intraday update again between 3:55 and 3:57 p.m.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
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