This is an 11:00 a.m. update of Turov on Timing for Tuesday, November 23, 2010.
TOT daily traders are 200% long from SPX 1182. The SPX is currently about 1184, but I am unimpressed with market action since we went long. Raise the protective sell stop to a very tight breakeven SPX 1182. If not stopped out prior to the close, carry the position overnight in the pre-Thanksgiving trading session.
Thanks for the opportunity to be of service, and I’ll email you again in about 15 hours.
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