This is a 1:36 p.m. intraday update of Turov on Timing for Thursday, May 15, 2008.
TOT daily traders came into today’s session 300% short from SPX 1414 and took a small profit at SPX 1412. We also went 200% long at the same time and price. The SPX is currently about 1416. Raise your sell stop to a breakeven SPX 1412. If not stopped out, take your profit on the close AND go 300% short at the same time, holding that short overnight and into tomorrow. If you are stopped out at SPX 1412, then stand aside for the balance of the session.
I’ll have an intraday update again between 3:55 and 3:57 p.m. ONLY if we’ve been stopped out. If we have not been stopped out at SPX 1412, then the next update will be six hours before the start of Friday’s session.
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.