This is a 2:27 intraday update of Turov on Timing for Friday, June 11, 2010.
The SPX has declined to under 1081. Whew…
TOT daily traders are 500% short. Maintain your 1089.69 stop on 3 of the 5 units. Cover the remaining 2 units at SPX 1072.50 limit or at SPX 1085.50 stop, whichever comes first. If neither the SPX 1072.50 limit nor the SPX 1085.50 stop is reached by the close, cover the 2 units at the market on the close.
If the 1089.69 stop is not reached, then carry the 300% position over the weekend and into Monday. That is a change from my prior recommendation.
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 session – 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.