This is a 10:50 a.m. intraday update of Turov on Timing for Thursday, December 9, 2010.
TOT daily traders come into today’s session 300% short and were stopped out at SPX 1231.
Most market indices have given up all of their opening gains, and it’s a coin flip right now what the market might do for the balance of the session. At present, preliminarily, the daily model looks likely to be bearish for tomorrow. However, we will stand aside for now.
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.
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