This is a 3:45 intraday update of Turov on Timing for Tuesday, July 27, 2004.
TOT daily traders went 200% long at SPX 1086 this morning. The SPX is currently about 1096. There is no chance the daily model will be bullish tomorrow. I recommend raising your stop now to SPX 1092. If not stopped out, take your profit on the close and go overnight flat.
Thanks for the opportunity to be of service, and I’ll email you again at the regular time.
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