This is a 10:50 intraday update of Turov on Timing for Thursday, September 17, 2009.
TOT daily traders went 400% short at SPX 1067.87 on the opening today.
The SPX is currently about 3 points above that after having been as high as 1074.77. I wouldn’t want to stay short if that early morning high is exceeded. Raise the protective buy stop on the position to SPX 1077. If not stopped out, carry the position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in about 14 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.