This is a 12:25 intraday update of Turov on Timing for Thursday, August 18, 2011.
After having been short this morning, TOT daily traders went 200% long at SPX 1143.65. The SPX is now about 1148. Raise your sell stop to a breakeven. Alternatively, on the upside, take your profit at SPX 1153. If still long as we approach the close, take your profit on the close and go overnight flat.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Friday’s trading session.
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