This is a 10:45 intraday update of Turov on Timing for Wednesday, September 16, 2009.
The odds are about 2:1 that the market will see lower prices by the close. TOT daily traders are advised to go 300% short at SPX 1056 stop. That’s about 2.5 points below the current level. If you go short, use a protective buy stop at SPX 1063. If not stopped out, carry the position overnight and into tomorrow, unless there is a contradictory email advisory between 3:45 and 3:55.
Thanks for the opportunity to be of service, and I’ll email you again in about 15 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2009 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.