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Its Strange Vs. Moore today! What implications will this have for the Stock Market?

The stock market is up slightly 45 min before the open with QQQ leading the way.

Of note, Metals are down, the dollar is up with everything else hovering around even.

We are long IBB and UUP, So far they are looking fine. IBB is a short-term swing which I expect will exit soon. UUP is a bottom reversal trade and those can be very long-term if they work out.

We also have QQQ that I place yesterday A.M. with a 1/4 position. I was a bit early but that happens all the time.

Today we get a glimpse of whether establishment Republicans are in trouble. Its Strange vs Moore in the Alabama special election.

The odds have ballooned up to 10 to 1 in favor of Moore. If this holds it will be a precipitous sign for the establishment Republicans.

Logically, they would out of self-preservation start backing Trump’s pro-growth agenda. Health Care is dead, however, they can still pull it together with Tax Cuts, infrastructure, and the wall.

Now that is logical. Humans, for the most part, have never been prone to logical thinking. Right now in DC, it is money and power.

Clinton found out that money and power sometimes do not work. I have a feeling the establishment Republicans are going to get the same lesson.

What that means is tax cuts is not a sure thing, the wall, and infrastructure uncertain also.

It also means that the investigations of the White House will continue unabated by both the House and Senate. As Feinstein said, these investigations will likely continue for another year or two.

It has come done to a do or die situation for the establishment.

At least that is the way they see it. Even if they remove Trump it will only solidify the movement that got Trump into office. If he stays and they do not bend they will be gone.

Which for the markets means more chaos and turmoil.

Then as a bonus, there is the special counsel. Who knows how long that will take and what surprises he will have for the Stock Market. If he comes out with charges against Trump, expect the market to tank by 1,000 points in a very short time. Minutes, not days.

Now, that will most likely be a buying opportunity in the stock market as I suspect the White House has prepared for that contingency.

Putting this all together volatility should increase. It has been very tame for a long time. I expect this to change anytime.

If you have a balanced portfolio, you will survive. If not, you risk some serious reduction of capital. By diverse, I mean bonds, metals in addition to stocks.

Watch Alabama today. That will really signal what is coming in the primaries.

If we happen to get a down day today I will be adding to QQQ or perhaps buy some SPY before the close.

If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. Typically I talk about the overall day expected with the markets and also give some levels on the ES and NQ for failed breakout scalping.

It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)

Good Luck Today

RickJ

RickJ’s Handicapping Picks

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A 6-0 weekend in football and 4-0 in the Westgate NFL Contest with Arizona +3 left!!!

We ended up with a great football weekend for plays going 6-0 and leans 3-1.

In the NFL Sunday, our 1 unit play on the Bears +7 won outright 23-17. Our 1/2 unit play on the Jets +6 won outright 20-6 and our lean on Minn +2 won outright 34-17.

And going into the Westgate NFL super contest at 7-3, I went 4-0 with Arizona +3 left for tonight, leaving me at 11-3 with one game left.

Either way, I will gain a few spots heading into week 4.

I cannot imagine a better football weekend.

In MLB we split going 1-1 on overnights, with the Mets under 7-109 winning 3-2 and Detroit +150 losing 4-10.

Today so far I have sent out no plays.

I have already started handicapping the NFL for week 4. I get pretty enthusiastic after a good start in the contest.  My best yet as I recall.

So tonight I need Arizona +3 for a 5-0 weekend. It was my 5th pick. It was between the chargers and Arizona. Fortunately, I did not choose the Chargers as they never were in the game.

Good Luck Today

RickJ

RickJ’s Handicapping Picks

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NFL AND COLLEGE FOOTBALL RECORD

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Over an 8 year period:

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121-95 56.02% with a 7.64% ROI

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103-65 61.3% 18.75%ROI

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Letter From a Long Time Follower

“Rick,I am still amazed how you do it. I have followed you almost from the beginning not only from your posting on your website but also you time at 2+2 forums.

I have noticed a continuous improvement year to year in your methods. But the more remarkable thing to me is your persistence in educating and putting out your picks. Almost every site I am familiar with has gone by the wayside. Yet yours keeps getting stronger and stronger.

I have to ask “Where do you get your focus and energy” to keep this up?

You have taught me a lot over the years and I have gone from a “punter” to a reasonable handicapper. Whereas before I was a typical undisciplined sports bettor I am now very aware of the necessity of a disciplined approach. It has done wonders.

In addition, you’re going from a free site to a subscription based site was long overdue. I appreciate your keeping the membership fee low and not trying to “milk” money out of the sports bettors. I know there are many that would pay substantially more to follow your site.

But that goes hand in hand with your persona that you have established in the sports betting world. You most likely do not know it but your name “RickJ” is very well-respected as one of the leading handicappers in sports betting. In addition, your reputation for integrity is as high.

There are very few real things out there but you are definitely the real thing.

Again thank you for all you have done over the years.”

My Response:

It’s hard for me to respond to that as humble a person as I am:) But it’s emails like this that I get from time to time that help keep me motivated.

I have always said in the past that I approach sports handicapping the way crossword puzzle addicts approach their morning routine. I can not think of anything more challenging than trying to figure out EV on sports games.

As far as the subscription cost I have mentioned before my goal was to defer my expenses that keep rising every year as I get more advanced in my techniques. I look at subscribers as partners in this handicapping endeavor rather than customers. Subscribers help me defer my costs and allow me to justify keeping my expensive hobby going.

Thanks for the mail. It’s nice to know I am appreciated!

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