A very light schedule today and nothing shows up as a play anywhere.
This weekend brought us back to almost even in the college hoops. After a very slow start compared to the last two seasons we are -.5 units. Disappointing…YES….but certainly nothing to be very concerned about.
Only 4 games today….and nothing shows up or even close to a plays.
In football this weekend I went 2-2-1 on my Hilton picks…..a missed 42 yrd field goal by Minn gave us a tie and cost us the win…and Detroit playing conservative on their last possession cost us a tie with a loss. Seattle my top pick won outright…St Louis my 2nd pick covered easily. And it never hurts to be lucky……I looked and looked for +7-110 on Tenn and couldn’t get it:)
We have on 1 swing trade that is underwater going into week 2. The gap fill this morning looks promising for the trade. A few things to note about these swing trades…..they have been back tested over years of stock market data and show a profit. If you put stops on these mean reversion trades you in almost every instance cut down on your return. Finally you will note on the TZA trade my position was about 1/3 the normal size I put on for these swing trades. The reason is that it trades 3 times the russel 2000 index. I usually like to put on around $50,000 a trade…sometimes $100,000 but in this instance the trade was around 15,000. A way to manage risk…and keep the trades about the same.
We most likely will be out of the trade this week. It will not take much of a pullback to exit.
In the NBA today no plays
System setups (I do not bet these)
W 501 PORTLAND Sys B
502 CHARLOTTE -1
504 DETROIT -5.5
505 MILWAUKEE Sys E1
W 506 NEW ORLEANS +4.5 Sys A1 A2
W 507 TORONTO Sys A2 C
508 DENVER -10
L 509 L.A. CLIPPERS sys A2 C
510 UTAH +1.5
W 511 ORLANDO sys C
512 GOLDEN STATE -10