This is a 3:24 intraday update of Turov on Timing for Tuesday, June 15, 2010.
TOT daily traders went 300% long at SPX 1101.14 at 10:45 this morning. The SPX is now about 1112. Raise your stop to SPX 1107. On the upside, in the unlikely event that the SPX gets to 1118, take your profit there. If neither stop nor limit is reached, liquidate the position on the close and go overnight flat.
Thanks for the opportunity to be of service, and I’ll email you again in about 10 hours.
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