This is a 10:47 a.m. intraday update of Turov on Timing for Thursday, October 29, 2009.
TOT daily traders are currently 300% long. Raise your stop to SPX 1052. That’s very tight, only about 1.5 points below the current level. On the upside, if the SPX advances to 1056, take your profit there. If neither level is reached prior to the close, take your profit ON the close.
Thanks for the opportunity to be of service, and I’ll email you again in about 16 hours.
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.