This is a 10:50 intraday update of Turov on Timing for Wednesday, April 27, 2011.
The Fed minutes will be released at noon.
The Fed Chairman will be speaking at 2:15.
I expect very volatile markets this afternoon, and with the TOT system using tight stops (rarely more than 1%), the risk of a whipsaw is high. I do not want to take that risk. My recommendation is to stand aside.
Thanks for the opportunity to be of service, and I’ll email you again in about 15 hours – or sooner if circumstances warrant.
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