Day 5 of Fed Rate Hike Week

3:15 Update

Thursday there were no play or setups in sports. Tonight is another light schedule however tomorrow starts College football bowl games along with a full slate of college Hoops. So things should get very busy tomorrow.

For those of you on the fence about signing on the timing could not be better with College bowl games on tape. Just push the paypal button on the upper right and climb aboard.

Subscribers I will be sending out plays tonight 1 to 10 min before game times.

Good Luck Today

All was well until something happened on Thursday and it finally sunk in that the Fed was raising rates in the worst recovery ever. And the inevitable happened…down 250 for the day. Fortunately we are in the most positive seasonal period of the year right now so that should temper the fall. But this does not bode well for next year. If you thought 2015 was a tough year for the markets 2016 is shaping up to be even tougher.

Now the package that congress just signed off on should counter to some degree the insanity of the Fed. At least as long as the U.S. can still borrow money! Once that runs out it will be a stampede for an exit. I still think we are a few years away from that but how insane is it when all agree that social security is in danger to bring in 100 of thousands of people into the U.S. that will ultimately find there way into our welfare system. If you think Obamacare is imploding (which it is faster then anyone thought) wait until our welfare state implodes.

I hate to be a harbinger of bad things to come but after giving it some thought I have no idea how the U.S. is going to get out of the financial mess our leaders have put us in. And this will effect the markets…you can count on that.

Now as a trader I tend to look at things more on the short term side. So I am attempting to take advantage of the positive seasonality. I am long a portfolio of stocks and long some swing trades and a few mean reversion trades. My trades have been having a nice orderly turnover with positive results. You can always see how my closed trades are doing by going to

https://docs.google.com/spreadsheets/d/10oy4RCn-_SZ_TDErP8irkgbQV3NkrKQhyouvHWzRcSw/edit#gid=0

Not bad results considering the miserable year it has been.

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)
Private Twitter: Rick_sports

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