This is an 11:30 a.m. intraday update of Turov on Timing for Tuesday, September 15, 2009.
Sorry for the delay; I was having computer problems.
The Standard & Poor’s 500 Index (“SPX”) is currently down just a tad. We are currently on the sidelines.
I expect the market to continue to flirt around the SPX 1050 area for a bit longer and then attempt to vault it. I believe it will, but the risk is a bit higher than I would like. The NASDAQ should do somewhat better than the SPX today. Continue to stand aside.
Thanks for the opportunity to be of service, and I’ll email you again in about 14 hours.
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