This is a 12:50 intraday update of Turov on Timing for Monday, January 31, 2005.
The SPX is currently up about 10 points at about 1181. TOT daily traders came into the session 400% long. TOT daily traders are now advised to raise your stop from SPX 1165.31 to SPX 1170. If the SPX gets to 1190, raise the stop further to SPX 1176. 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 at the regular time – or sooner if circumstances warrant.
Turov on Timing is Copyright (c) 2005 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.