This is a 10:50 a.m. intraday update of Turov on Timing for Monday, September 14, 2009.
TOT daily traders came into today’s session 300% short. The SPX is unchanged as I write this. Lower the buy stop at SPX 1051. If the SPX declines to 1030, lower the buy stop again to SPX 1044. And for each 5 point decline after that, lower the buy stop by an equivalent 5 points.
Thanks for the opportunity to be of service, and I’ll email you again no later than 3:55 p.m.
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.