THE PRIMARY PURPOSE OF THIS UPDATE IS TO CORRECT AN ERROR IN THE “ON THE CLOSE” PART OF TODAY’S MESSAGE. THE FOLLOWING IS THE NEW ADVICE:
TOT daily traders are currently 400% short, and the SPX is currently down about 11 points. Use a protective buy stop on the position at a distant SPX 1997.
If not stopped out, and if the SPX is closing in the range of SPX 1975 through 1988, cover the short position on the close and go into the weekend flat. If
not stopped out and if the SPX is closing out of that range (either below 1975 or above 1988), carry the position over the weekend and into Monday.
Have a great weekend, thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Monday’s trading session – or
sooner if circumstances warrant.
Turov on Timing is Copyright © 2014 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.
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