This is an 11:00 a.m. version of Turov on Timing for Wednesday, September 23, 2009.
A good day for the home team as TOT daily traders came into yesterday’s session 400% long from SPX 1062 on Monday. We took profits at 1070.78 at 1:21 p.m.. We are currently flat, and that is the way I want to keep it, inasmuch as the daily model is dead neutral today. The market, intraday today, has no internal direction, and it will go however the news winds blow. Stand aside.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of tomorrow’s session.
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