3:50 Update
Two college football games tonight:
Richmond
Ill State
Betting is 64% on Illinois state with the line moving from -12 to -12.5. Variables are absent. Models are neutral. A pass
Charleston Southern
Jacksonville st
Betting is 70 % on Jacksonville st. The line has moved with the betting from -10.5 to -12. Again models and variables are neutral. A pass.
Thursday was a busy day going 1-2 on plays. 0-1 in College hoops. 1-1 in the NHL for +51. So a about a half unit loss for the day. Our Nfl setup was a winner and out nba setup lost.
Today is going to be a busy day despite only 2 college hoop games. I will be sending out plays 1 to 10 min before game time. If your interested in getting these plays just hit the paypal button on the upper right and join us!
Good Luck Tonight.
Well another promising day undone yesterday as the market tanked into the close. To say that the market is nervous right now would be an understatement. But the market is a miscrocosm of the american people and they are nervous right now. In addition you have a Fed that is abandoning prior considerateions for when to raise rates and have backed themselves into a corner where they have to raise rates to maintain credibility. Now what competent Fed chair person would let that happen?
The market was down over 1% in the nighttime session but has bounced a bit and is now down 3/4%. On the bright side next week is historically one of the strongest weeks of the year in the stock market. It will be interesting to see how that plays out.
I am long and also have several mean reversion trades on right now. But today unless some swing trades trigger I will be taking a break on further mean reversion letting my existing positions play out.
I still feel we are close to a nice year end rally and that this weakness is a good buying opportunity at least for the short run. But there is no need to get crazy and go “All In” No matter what the market environment is keeping your sanity is what counts most. And that requires appropriate risk management. I cannot tell you the number of sleepless nights I spent years ago before I learned this important concept:)
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
Rickjshandicappingpicks.com
twitter: rickjsportplays
Twitter: rickjswingtrade
Private Twitter: Rickjswings ( send me an email for a 2week free trial)
Private Twitter: Rick_sports
