The Intermediate Term Model remains bullish and is rewarding Intermediate Term traders well today.
TOT daily traders went 200% short at SPX 2074 at 10:51 this morning. The SPX is currently about 2076. Lower the protective buy stop on the position to a rather tight SPX 2082. If not stopped out and if the SPX is closing up on the day (which seems likely), carry the position overnight and into tomorrow. On the other hand, if the SPX is closing down on the day (i.e., below 2056.50), which seems highly unlikely, take your profit on the close.
Thanks for the opportunity to be of service, and I’ll update again in about 12 hours.
Turov on Timing is Copyright © 2015 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 stop 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.