This is a 3:00 p.m. intraday update of Turov on Timing for Friday March 7, 2008 (in lieu of the announced 3:50 update)
Despite a absolutely awful week, the odds strongly favor a sharp rally Monday morning. (What might happen for the rest of Monday is not yet clear.) And so, while TOT daily traders will “officially” go into the weekend flat, positioning oneself long before the close with the possibility of a Monday morning upside gap is not ill-advised. But certainly, going over the weekend net short would be.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Monday’s session.
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.