This is an 11:50 a.m. intraday update of Turov on Timing for Thursday, June 1, 2006.
TOT daily traders went 300% long this morning at SPX 1271. The SPX is currently about 1278. I recommend that all TOT daily traders protect your position by raising you stop to a breakeven SPX 1271 for the entire position. If not stopped out, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in 14 hours — or sooner if circumstances warrant.
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