On the overnight message, I said, “TOT daily traders are advised to go 300% short at SPX 1670 stop. If the SPX advances to 1674 before declining to 1670, raise your entry sell stop to SPX 1672. And for each further 2 point advance, raise your entry sell stop by an equivalent 2 points. If and when you go short, use a 1% protective buy stop on the position.”
Because of the Syrian news, the market gap opened higher, and the conditions for TOT daily traders to initiate a short position have not yet occurred. At present, with the SPX at about 1683 and the high for the day being 1683.77, our entry sell stop level is currently SPX 1680. If the SPX advances to 1684 before declining to 1680, our entry sell stop level will rise to SPX 1682 – and so on.
Regarding the late day probability analysis that I recently began as an experiment, at the time I began the “experiment” I was undecided if (a) I wanted to do it at all, (b) I wanted to offer it as an added service included in Turov on Timing, or (c) I wanted to offer it as a separate service. Initial response has narrowed that down: I still consider it an experiment, but if I continue it, I will treat it as a separate service, to be called “Turov on Overnight Possibilities.” In that regard, I will be sending out additional commentary on “Turov on Overnight Possibilities” later today.
Thanks for the opportunity to be of service, and I’ll email you again today regarding the Turov on Timing recommendation.
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