This is a 12:45 pm intraday update of Turov on Timing for Friday, August 4, 2006.
TOT daily traders are currently 300% short from SPX 1286. The SPX is currently about 1281.60. For the balance of the day, use a very tight stop, 2 points above the current level, at SPX 1283.60. If not stopped out, carry your position over the weekend and into Monday.
Have a great weekend, thanks for the opportunity to be of service, and I’ll email you again in six hours before the start of Monday’s session – or sooner if circumstances warrant.
Turov on Timing is Copyright (c) 2006 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.