A busy day today so am going to combine market comments with handicapping comments.
The market is taking a dump today as is weakening as I type this.
I will be looking for mean reversion trades just prior to the close today.
I did send out an option play on my private twitter feed. It is a mean reversion trade in XLF.
The thing to watch is the Healthcare bill. If Trump goes down in the House on this expect lower prices for the markets. The Senate, however, will depend on the how the rumbling goes as the learned members of the Senate balance their special interests to decide how to approach this.
Now on to handicapping.
On Monday we had two plays and went 1-1.
Our winner was in the NHL with Buffalo +127 winning 2-1. We lost on my great NBA favorite wagers with Orlando -6. They were losing the entire game but then gave us some hope as they went into OT and quickly went into the lead by 3. But that is where they ended.
So a +.17 day for Monday.
Today so far I have sent out no plays.
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Good Luck Today
RickJ’s Handicapping Picks