This is a 3:48 p.m. interim update of Turov on Timing for Thursday, June 4, 2009.
It is a virtual certainty that my NASDAQ model for the early going tomorrow will be bearish, and there is a possibility of a downside gap. Therefore, I want to take a partial position now.
TOT daily traders are advised to go 200% short at SPX 939 stop. If that level is not reached before the close, then my advice is to go 200% short on the close. Obviously, carry the position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in about 10 hours.
Turov on Timing is Copyright © 2009 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.