This is an 11 a.m. intraday update of Turov on Timing for Friday, June 12, 2009.
As expected, we have seen “some more softness in the early going today.” And as I said overnight, “look for a mid day rally.” I was looking for the SPX to decline to about 932-933 before going long, but it never went below about 936 before beginning its advance to just over 940 currently. We probably missed the trade. Sorry. Continue to stand aside. If I see another opportunity, I’ll email you intraday again, but otherwise, I’ll email you next about 10 minutes before the end of today’s trading session.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
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