This is Turov on Timing for Thursday, September 24, 2009.
A day after TOT daily traders took a solid profit on the long side, yesterday we stood aside as the day provided nothing but whipsaw opportunities, ending up with a 10.79 point loss for the SPX. A very good day to be on the sidelines.
The overall configuration we have for today is usually rather bullish – except in the month of September! We will stand aside again and await a more propitious opportunity.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of tomorrow’s session.
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