This is a 10:50 intraday update of Turov on Timing for Tuesday, March 13, 2012
TOT daily traders went 300% short at SPX 1378.63 at 9:40 a.m. today. The SPX is currently at about 1 point higher than that. That’s not what I expected. Lower your stop radically to SPX 1381 and move to the sidelines if stopped out. If not stopped out, cover the position on today’s close and go overnight flat.
Thanks for the opportunity to be of service, and I’ll email you again in about 12 hours.
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