This is a 10:45 a.m. intraday update of Turov on Timing for Tuesday, May 20, 2008.
The SPX is currently about 1416, down about 10 points on the day. TOT daily traders are advised to go 300% long at SPX 1417 stop or at SPX 1415 limit, whichever comes first.
After you go long, use a 1% protective sell stop on your position. If not stopped out, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of tomorrow’s session – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2008 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.