This is a 10:45 intraday update of Turov on Timing for Friday, June 18, 2010.
TOT daily traders went 300% short at SPX 1115 earlier this morning, narrowly missing the opportunity to short at the recommended 1118 limit (the high was 1117.77 prior to the SPX declining to 1115). Our 1% protective buy stop on the position is at SPX 1126.15. Hold the position and maintain the stop. I’ll update again at 3:50.
Thanks for the opportunity to be of service, and I’ll email you again at 3:50 – or sooner if circumstances warrant.
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