3:40 Update
One game tonight in college football
USC
Colorado
Betting is 66% on USC the road favorite with the line moving with the betting from -16 to -17. Variables are neutral on the game. Models slightly favor Colorado. This game is a pass for me.
Plays have been sent out to subscribers. Still have the potential for a few more tonight. I will send out plays when they are clear.
1:30 Update
Thursday we went 1-2 on our NHL plays Winning with New Jersey +162 and losing Calgary and Winnipeg for -.38 units.
Today a busy day with college hoops already in play. I had forgotten how much work it was getting these games ready each day. But its nice to get back into college hoops season.
There are a few people that signed up that have not sent me their twitter name. Be sure and do that so I can add you to the private feed. There will be some college hoop plays today. Most likely sides and totals.
If you have not signed up you can still do it by hitting the paypal button on the top right. Pick your subscription and send me your twitter name. Then go to @rick_sports and hit the follow button and I will add you to the private feed.
Good Luck Today
It used to be a long long time ago that when the head of the federal reserve was going to talk publicly if you were an investor you could sit back and relax. Both Greenspan and Bernanke were solid proponents of the idea that one of the roles of the federal reserve were to calm the nerves of the markets.
Things have certainly changed! You have the world falling apart before our eyes. An immigrant crisis never seen before, a bombing that will in all probability kill the Egyptian tourism, and more Americans out of the work force then ever before. You can add to the the federal governments ever increasing business killing regulations. But calm the markets…Not a chance. The Fed now has put there foot in their mouth and if they do not raise rates in December they will look like fools.
Their isn’t a day that goes by and a fed governor doesn’t comment about raising rates. But yesterday we had them all including Yellen. And did that calm the markets….of course to the tune of -250 points!
The good news is today they are silent. One has to wonder at what point the federal reserve will wake up and figure out inflation is the least of the worlds problems right now. Btw….I am an independent and not affiliated with either party. So I intend not to affront anyone with these statements politically. I am a firm believer of live and let live.
Well we are about as oversold as the market has been for awhile. Not quite at the point I want to put on the 50% mean reversion trade. Once we get under the 200 day moving average new rules come into effect for me. I do not think we will stay under it for long. But I did not think this pullback would be this steep either!
One other thing…College Basketball starts in full force today. So sign up and get on board. Also for those of you that signed up last night it makes it much easier on me if you send me via email your twitter handle.
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
RickJ
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