TOT daily traders went 200% short on the opening today at SPX 2450.66 on an SPX 2452 stop. The SPX is currently about 2444, and I am happy with that profit. Lower your protective buy stop on the position to a very tight SPX 2446. If the SPX declines to 2442 before advancing to 2446, lower the buy stop to SPX 2444, and for each additional 2 point decline, lower the buy stop by an equivalent 2 points. If still short as we approach the close, take your profit on the close.
Thanks for the opportunity to be of service, and I’ll email you again in about 14 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.