This is a 10:35 intraday update of Turov on Timing for Friday, January 29, 2010.
The Standard & Poor’s 500 Index (“SPX”) is up about a point right now at about 1096. The odds are that we’re near the high of the day. TOT daily traders are advised to go 300% short at SPX 1098.50 limit or at SPX 1095 stop, whichever comes first. Once you go short, use a 10 point protective buy stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again between 3:45 and 3:55 this afternoon.
Turov on Timing is Copyright © 2010 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.