This is an 11 a.m. intraday update of Turov on Timing for Monday, December 28, 2009.
TOT daily traders went 400% short at SPX 1130 about six minutes after the market opened today. The SPX is currently about 3 points in the money for us and near the low of the session. Lower your protective buy stop to SPX 1138. If not stopped out, carry the position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of tomorrow’s session – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2009 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.