TOT daily traders went 300% long yesterday at SPX 1656.99. The SPX is currently up almost 30 points from there at about 1684. Take your profit at SPX 1687 limit, or at SPX 1680 stop or at the market on the close, whichever of those three events occurs first. While the daily model for tomorrow is impossible to currently calculate, the odds are high that the risk component of the model will be high enough on tonight’s close to automatically throw the overall model into neutral mode (even if the directional component of the model may not be neutral).
Thanks for the opportunity to be of service, and I’ll email you again six hour before the start of tomorrow’s trading session.
Turov on Timing is Copyright © 2013 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. All recommendations are based on the Standard & Poor’s cash index (SPX) which cannot be directly traded and Turov Investment Group Inc. makes no recommendation or suggestion to readers as to how SPX-based recommendations should be traded but rather leaves that to the discretion of each individual reader. The “official” price of the opening and closing SPX is as reported at www.bigcharts.com and may not be consistent with futures or ETF prices. All stop recommendations are based on that “official” price. Any recommendation that is to take place at a specific time is basis the “opening” on a one minute bar chart beginning at that time and ending one minute later. All times mentioned are Eastern. Questions related to this service should be directed to InvestmentAdvice@aol.com.