This is a 10:50 intraday update of Turov on Timing for Tuesday, June 8, 2010.
The odds are about even as to whether the market can bounce back today. However, the potential magnitude of an advance outweighs the potential magnitude of a decline by a decent enough margin to be worth a trade. TOT daily traders are advised to go 200% long at SPX 1045 stop. If you go long, use a protective sell stop at SPX 1035.
Thanks for the opportunity to be of service, and I’ll email you again at 3:50 – or sooner if circumstances warrant.
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.