This is an 11:00 a.m. intraday update of Turov on Timing for Monday, March 31, 2008.
The SPX opened with moderate strength and has since given up about half of the gain. Expect it to give up the balance of the gain and move into negative territory by the close. TOT daily traders came into today’s session 300% short. Continue to maintain the position without a stop. If the market (unexpectedly) stages a big rally, I’ll have another intraday update. Otherwise, I’ll email you again in about 15 hours. Thanks for the opportunity to be of service.
Turov on Timing is Copyright © 2008 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.