This is a 3:13 intraday update of Turov on Timing for Monday, June 14, 2010.
This update is in lieu of the previously announced 3:55 update.
TOT daily traders are 300% long from SPX 1099.85 with a stop at SPX 1088.85. We’re about 3 points in the red right now.
If not stopped out prior to the close, sell the position on the close.
Also on the close, regardless what the market does between now and then, go 200% short on the close and hold that position overnight and into tomorrow. The odds favor a gap decline tomorrow morning.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Tuesday’s session.
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