This is an 11:15 a.m. intraday update of Turov on Timing for Wednesday, February 20, 2008. Sorry for being about 15 minutes late with this report.
The SPX opened lower on the CPI news and has been hovering at about the opening level since then. I see no clear cut indication that the market has developed any internal direction, and it is still going to take its direction from the news of the moment. Continue to 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.
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.