Looks a 2 day rally was it:(

3:50 Update

Number 5 Texas AM is at Arkansas in an early 4 oclock game. Betting is 71% on the road Favorate and the line has moved contrary to the betting from -3.5 to -3. Variables are absent on the game and models do not show any clear cut edge. However we have a nice reverse line move on the game that would point to the home dog. But since that is all that is going on in the game for me I am passing. But its not a bad variable to have on your side!

3:40 Update

Tuesday we went 1-2 on our plays with College hoops going 1-1 winning with Wake Forest +7.5 and losing with Texas Tech +12.5. Our play in the NHL on Toronto +147 lost.

We are in a small drawdown period right now which is far from unusual. Its just the nature of the ebb and flow of betting. If your graphing your results you should be seeing higher lows and higher highs throughout the year. And that is where we are at right now. Every once in awhile your going to hit a long cold spell but fortunately I have been able to avoid those except in a very few instances. The key is to not diverge from you money management skills. And if you need a refresher just reread the Must read portion of this site. And if you still have any questions I am here to give you guidance. My goal is for all of us to have winning years year after year. I feel a personal responsibility to guide everyone to that result.

So far since this site becoming a subscriber site I am very satisfied with the result. Not from a monetary standpoint but from a standpoint of being more readily available for guidance and also being part of a group I wish to help to become great handicappers.

If your on the fence give us a try and join a group of bettors that not only have fun with this but are making money! Just hit the paypal button on the upper right and I will have you up and running right away.

A bigger schedule of games tonight so should be interesting plays. For subscribers I will update shortly before game times.

Good luck everyone on tonights games!

Well we got our answer regarding the nature of the rebound. A 200 point down day yesterday told us we are not out of the woods by a long shot. Now to see how the market reacts to bad news we will not have to wait long. Wedn Yellen will announce her intentions. If the Fed does not waiver then I would expect the markets to react violently to the downside. Most are expecting a more dovish Fed on Wednesday. Again I think that is wishful thinking.

Monday morning I lightened up quite a bit on my portfolio stocks and my mean reversion trades. It was an opportune time to do that right at the open as I avoided the 200 pt down move into the bell. I do not plan on having much long exposure this year except for some very short term mean reversion and breakout trades. Position trading right now is suicide for you portfolio. The risk is much too great right now for a washout that we have never seen before. Banks that are exposed to Oil debt are going to run into the same problem they ran into during the housing crisis. Except this will be much bigger and the bailout mentality is waning. It has the potential to get very very ugly fast.

And that does not even take into consideration the geo political climate that could explode in a heart beat.

Saying all of that the market will most likely continue on its bull run:) We will see!

The markets are trading up this morning almost .5% after being down almost 1% overnight. If we get a rebound I plan on using it to lighten up a bit more going into the fed meeting. I am a gambler but not a foolish one(at least most of the time)

Good luck Trading today.

RickJ

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