Day 4 of Fed Rate Hike Week

3:20 Update

Wednesday we went 1-1 on our plays going 1-0 in college hoops and 0-1 in the NBA trying to Buck Golden States machine! Our setups in the NBA went 1-2.

Tonight one game in the NFL

Tampa Bay
St Louis

Betting is 54% on Tampa with the line moving against the betting from Tampa -1 to St Louis -1. Models strongly favor St Louis and Variables favor Tampa. So not much to go on tonight and the game looks like a clear cut pass to me. If the % was a little lower on St louis I might consider them as the Models are so strongly in favor of St Louis. But with the betting close to 50 50 and variable split but favoring tampa their is no reason to try to manufacture a play out of this game.

Good Luck which ever side you choose.

Bowl game start in earnest on the 19th. So its a great time to sign up for the plays. For a measly 49.00 you will get all bowl games and all other sports for a month. Why wait? Hope to see you on board. Just hit the paypal button on the upper right. That will give you access to my private twitter feed where the plays will be sent to you directly as soon as they are released.

For subscribers tonight again 1 to 10 min before game time.

The 1/4 pt rate hike has now come and gone. The earth has not ended. The market has started its year end rally up almost 600 pts in 3 days so far (that qualifies as a rally in my book) and this morning the market is slightly up an hour before the open.

My question is why all the dramatics by the Fed. A simple statement that most likely they will be raising rates would have been sufficient. But to have every Fed governor get on TV every chance they could and hammer it home. Pure ignorance. You would think these idiots are running for office. But I guess every human has to have their day in the Sun. And the Fed Governors certainly had theirs last month. Before you know it there will be Fed groupies hanging out around them…Id better stop my mind can wander off in strange directions:)

I talked a bit yesterday about panic selling. In order to be successful in trading you need to be able to avoid following the heard. Contrarians usually get the money. Now that is easier said then done. When the market was off 300 points last Friday I have to admit an emotion or two circling around in my brain. But I have been there so many times that I know the psychological component of it and deal with it. How many times do you need to panic sell and it turns out to be near the bottom of the move before it hits that maybe your doing something terribly wrong!

I was reading this morning ans saw a quote that seemed appropriate ” Successful trading lies on the other side of FEAR”. Simplistic but very much to the point. Having preset rules and following them goes a long way in beating this emotion. In addition trading at a level that is within your bankroll helps a lot also. But no matter what it takes its something you have to deal with and handle to become a successful trader.

I am long a portfolio of stocks and still have a few mean reversion and swing trades going right now. Its been a very good three days for me! The market is overbought in the very short term. But seasonality does not get any stronger. The last 2.5 weeks of December is the strongest seasonality typically of the year. And so far this year we are right on track for another great 2.5 weeks.

If you want to follow my swing trades just send an invite to RICKJSWINGS for a two week free trial.

For those of you whose trial is running out you can sign up for 24$ a month through Paypal. Just send to my email address: [email protected]

RickJ
Rickjshandicappingpicks.com
twitter: rickjsportplays
Twitter: rickjswingtrade
Private Twitter: Rickjswings ( send me an email for a 2week free trial)
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