Beware!!! Congress is back next week:) What does that mean for the stock market?

Another gap up this morning in the index.  However less than .25%.

Of note, Oil and Metals are weak. I view this as a slight negative bias.

We have had a nice move up now from an oversold condition so it would not be out of the ordinary for the markets to either pull back a bit or consolidate here.

I am flat and not looking to do much today unless breadth is strong early.

I will stop into my twitter account early and make a few comments. Then I am back to handicapping today’s games.

Nothing new on the home or world front. However, be prepared for Congress next Tuesday. My guess is fireworks will begin Tuesday as Congress takes aim at the President, both in words and action.  This should roil the markets a bit next week as Trump’s agenda becomes more in doubt.

Also, remember the debt ceiling. Posturing will begin on Tuesday with I suspect going right up to the deadline. Mnuchin pleaded with Congress to take care of this before they left but Congress did what they do best, put it off until it can no longer be put off.

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’s Handicapping Picks

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
Rickj's Handicapping Picks
Sign up now for our  newsletter. Includes handicapping tips

MLB Is free for the 2024 Season
See details on

RickJ's Handicapping Picks  The latest in positive EV handicapping Techniques Overnight Plays in MLB are sent out around 3 to 4 PM PST the day before Come join us for a fun and profitable Pro Sports season!!!  
Sign up now  for a fun and exciting football season

Positive EV Handicapping

Do you know the important clues that help determine which side has +EV?
  • Learn about Reverse Line Moves and how they apply to each sport
  • Learn about being a contrarian and using public % numbers to get an edge
  • Learn about the seasons within a season that all sports have
  • Learn key numbers in all sports

Sign up to get updates that will help you with your sports handicapping!