Is the Pullback Over in the Markets?

11:00 Update

5 plays on Sunday and we went 2-3. Our 1 Unit play on Minn lost 3-4 in a tough one. Minn gave up 2 in the bottom of the 9th and then 1 in the bottom of the 10th for the loss. We had two 1/2 unit plays and won with Milwaukee +151 and lost with the Dodgers +126. Our two 1/2 unit NBA plays split winning with San Antonio Under 204.5 easily and losing with Brooklyn +13.5 in a blowout.

So when everything was over we had a -.845 unit day.

Today another full slate of games in MLB along with the NBA. I am pretty busy with the markets right now so will be making this short.

Good Luck Today

RickJ

RickJ’s Handicapping Picks

 

We are gaping up almost 1/2% an hour before the open. But remember Friday where the large gain evaporated into the close. Will that happen today? Who knows! But if your trading price action with a bias based on whatever you use to establish bias it should not make much difference.

Saying that I think this week sets up to become a nice gain in the market. Seasonally the last 3 weeks of April tend to be positive. We have options expiration this week which is another positive. The Nasdaq now has to lead the SP500 for two weeks in a row. So we have had confirmation of that signal. Yellen the last time she talked was dovish. Banks in overnight trading show gains. There is more but the bias as I see it is to the upside this week.

I have two swing trade longs I put on Friday and am looking to add more early this week. However stops will be honored as a rally this week is, of course, no certainty! After all, this week is a big FedSpeak week.

If you wish to follow my trades you can at @rickjswings. It’s free for now and might give you some insight into swing trading. And you can always ask if there is something you would like explained.

Good Luck Today in the Markets

RickJ

RickJ’s Handicapping Picks

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