3:50 update

Nothing looks good to me tonight

9:00 Update

Thursday we won our first NCAA FB wager of the season . Florida Intl +10.5 was an easy winner as they won the game outright 15-14!

Today too early for college football or MLB but here are the early MLB Weightings:

951 ARI – Z Godley 1
952 CHC – J Lester
965 CLE – C Kluber
966 DET – K Lobstein 1
953 ATL – J Teheran 1
954 WAS – T Roark
969 BAL – U Jimenez 2++
970 TOR – D Hutchison
967 TB – J Odorizzi 0
968 NYY – L Severino 0
955 NYM – J deGrom
956 MIA – T Koehler 1
957 MIL – M Garza
958 CIN – K Sampson 1-
979 PHI – A Morgan 0+
980 BOS – J Kelly
971 CHW – J Danks 2
972 KC – K Medlen
973 MIN – M Pelfrey 0
974 HOU – C McHugh 0
959 PIT – J Happ 2
960 STL – C Martinez
961 SF – C Heston
962 COL – J De La Rosa 1-
977 SEA – E Olmos
978 OAK – A Brooks 1
975 TEX – M Perez 0
976 LAA – G Richards 0
963 LAD – M Bolsinger 1
964 SD – J Shields

I will update with any plays as they become clear.

5:40 Update

Now 8 min after the NFP number came out the markets are tanking. Down now about 1.3 %. It was an ugly number and the markets responded logically heading down. This does not always happen. One way to test the short term direction of the markets is how it responds to news. If the market is intent on heading up bad news is not going to deter it. That is a very good indicator of short term strength …markets going up in the face of bad news. And vice versa for the downside. Here we have down in the face of bad news…(at least so far) …not encouraging. So lets see how this all plays out in the next 56 min before the open!

The markets are off about 3/4 of a % as I am writing this however the NFP number comes in in 2 min. That can change things dramatically. I just have one position to the short side on a stock trade with a nice gain. I have sold half my position to lock in profits and plan on trailing the remaining position with a stop. Today not much for me today re swing trading as this market will eat up swing trades. As to Mean reversion trades the market is not even close to a point to consider taking those. I might consider a day trade to the long side today as Fridays before labor day tend to be very bullish but I will wait and take a look at the price action before dipping in. The NFP number just came out and its looking so far like a positive response to the upside. But its an hour before the open and these things can change rapidly.

I think Mark Douglas said it best. “The irony is,of course, that, on the surface trading looks so simple, when in fact most people will find it to be the most difficult endeavour they ever undertake”

I have been trading for many years and I could not of said it better myself!

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: riccja3@gmail.com

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