This is a special 4:05 p.m. intraday Turov on Timing for Wednesday, May 28, 2008.
We had a good day today and have carried our long position overnight. That’s our official SPX position.
However, preliminary after-the-close analysis shows a very high probability that the daily model will be very bearish tomorrow, and if there’s any negative news overnight, the market could easily gap lower tomorrow.
While officially, we are long, if you are trading a vehicle which allows for post 4:00 trading (e.g. options that trade until 4:15 or futures), unoffically, I would get out immediately.
Thanks for the opportunity to be of service, and I’ll email you again in 9 hours.
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