TOT daily traders went 300% long at SPX 1689.57 at 9:40 this morning. The SPX is currently about 2 points up from there.
Regarding the government shutdown news: Everybody knows nothing more prescient than anybody else. That qualifies as news-neutral.
While there is a significant risk of selling Monday afternoon, the morning is likely to be higher. TOT daily traders are advised to carry their position over the weekend and into Monday, unless previously stopped out.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Monday’s session.
I will also send out an advisory either on Saturday or Sunday regarding Turov on Overnight Possibilities.
Have a great weekend.
Turov on Timing is Copyright © 2013 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.