This is a 12:30 p.m. intraday update of Turov on Timing for Monday, March 17, 2008.
TOT daily traders went 400% short at SPX 1279 a few hours ago. The SPX is currently down 20 points from there at 1259, the lowest level of the day. TOT daily traders are now advised to lower your buy stop to SPX 1274. That still gives us substantial wiggle room while locking in a profit. If the SPX declines to 1255, lower your stop further to SPX 1265, and for each additional 5 point decline, lower your stop by an equivalent 5 points.
I will have another intraday update later today.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
Turov on Timing is Copyright © 2008 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. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the Turov Investment Group Inc.