TOT daily traders went 100% long at SPX 2390 earlier today. I have limited goals for this trade, and I want to limit the potential loss also. The SPX is currently about 2391. Risk 8 points to make 8. In other words, sell the position at SPX 2382 sell stop on the downside or SPX 2398 on the upside. If neither level is reached, then sell the position on the close. Preliminarily, the daily model and the majority of the Index Models look bearish for tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in about 12 hours.
Turov on Timing is Copyright © 2017 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 including the fact that past performance is not a guarantee of future performance. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the Turov Investment Group Inc. All recommendations are based on the Standard & Poor’s cash index (SPX) which cannot be directly traded and Turov Investment Group Inc. makes no recommendation or suggestion to readers as to how SPX-based recommendations should be traded but rather leaves that to the discretion of each individual reader. The “official” price of the opening and closing SPX is as reported at www.bigcharts.com and may not be consistent with futures or ETF prices. All recommendations are based on that “official” price. Any recommendation that is to take place at a specific time is basis the “opening” on a one minute bar chart beginning at that time and ending one minute later. All times mentioned are Eastern. Questions related to this service should be directed to InvestmentAdvice@aol.com.