This is a 3:45 intraday update of Turov on Timing for Thursday, June 10, 2010.
IF the NASDAQ 100 (NDX.X) is at or above 1817.03 as we approach the close (it’s currently about 1825), TOT daily traders are advised to go 300% short, basis SPX, on the close, and hold the position overnight and into tomorrow. In the absence of surprising good news before the opening, I expect a gap down on the opening Friday.
Thanks for the opportunity to be of service, and I’ll email you again in about 10 hours.
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