Monday Morning

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)

   7:05 PM
   7:35 PM
504  DETROIT -5.5
   8:05 PM
W 506  NEW ORLEANS +4.5 Sys A1 A2
W 507  TORONTO Sys A2 C
   9:05 PM
508  DENVER -10
L 509  L.A. CLIPPERS sys A2 C
   9:05 PM
510  UTAH +1.5
W 511  ORLANDO sys C
   10:35 PM

Twitter: rickjsportplays
Twitter: rickjswingtrade

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