This is a 3:10 intraday update of version of Turov on Timing for Friday, March 9, 2012.
TOT daily traders came into today’s session 200% short and went an additional 200% short at SPX 1368. The SPX is currently about 1371, giving us a small loss for the session, as it stands.
TOT daily traders are advised to lower your protective buy stop to a very tight SPX 1372.50. On the downside, if SPX 1366.50 is reached, cover the position there. If neither level is reached prior to the close, cover the short on the close and go into the weekend flat. And, on that note, have a great weekend, thanks for the opportunity to be of service, and I will update again six hours before the start of Tuesday’s trading session.
Turov on Timing is Copyright © 2012 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. Questions related to this service should be directed to InvestmentAdvice@aol.com.