Thursday there were no plays and we went 1-2 on our setups. That will change today with several plays tonight and almost 100 college hoop games tomorrow!
Not a bad time to join as you will get the full slate of hoop games along with the NFL Playoff games and the final college football game of the year. Just hit the paypal button and join us. It should be a fun weekend!
Subscribers I have sent out 1 play today and should be one more a bit later maybe more.
I woke up this morning and timidly took a look at my computer screen and discovered the market up almost 1.5% 45 min before the open. To say that the market is volatile right now is an understatement. So far then it looks like today is shaping up to be a good one. But a word of advice. It would not be a huge surprise to see the market reverse lower today. These strong moves are usually not one and down. But we will see. No sense getting too pessimistic this morning.
The one report that had the chance at derailing this rally was the employment report at 5:30 and its out with the market responding positively. What did it say? Thats pretty much irrelevant. What is relevant is how the market reacts to the report. And so far so good.
I am long a portfolio of stocks. Also have some mean reversion trades going at the moment. With the market gaping up this morning its not very likely I will find any mean reversion trades to add and Breakout trading on huge gap ups is typically a low percentage trade. But we will see what develops today. Take it a step at a time.
Several important times this morning for trading are below:
US-John Williams Speaks – 8:30 AM
US-Jeffrey Lacker Speaks – 10:00 PM
I am quite confident the two Fed Governors will say everything in their power to derail this rally today. So be prepared going into these time frames. Thats been as good a trade as I have seen in recent times….shorting 5 min before Fed Speak. Lets see how that trade works out today:)
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