This is a 11:00 intraday update of Turov on Timing for Tuesday, January 5, 2010.
TOT daily traders went 200% long at SPX 1134 earlier this morning. The SPX is up about a point from there. Our sell stop on the position is at 1122.66. If the SPX rallies to 1139, raise the stop to a breakeven 1134. If not stopped out, carry the position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in about 15 hours.
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.