Step two completed in the DOW! Where do we go from here!

5:50 Update

Two top 25 teams are coming up at 6:

#20 Duke

#5 North Carolina

The betting is 47% on the home Favorite N.Carolina and the line has moved against the betting from -6.5 to -8.5. That is a red flag to stay away from the dog in this game. Myself I am passing. The line move is just too great to be laying the 8.5 and I would not recommend being on a dog where over 50% of the betting is on the dog. Its a good game to just watch!

Of course you could of had Penn St +8 as we did:)

2:45 Update

Tuesday we went 2-1 on our plays. We went 1-0 in college hoops winning with Missouri +8 as they lead the entire game and won by 5! We split on our NHL plays both were +110 so after the smoke cleared a +1.10 unit day. We had two setups in college hoops and they both lost.

Today should be a busy night with a full slate of college hoop games tonight starting in just 15 min.

Subscribers I will be sending plays out 5 to 10 minutes before game time.  I should be around for several hours now if anyone has any questions.

Also feel free to join us. This has been a great College hoop season so far and we still have tournament time around the corner. Just pick the subscription of your choice and I can have you signed on within minutes.

Good Luck Tonight

Rick

We got our follow through day on Tuesday and it was a good one. The 10 day MA has been taken out by almost 1% now. The Nasdaq is on the move but it still has quite a way to go to overtake the SP500 on a weekly basis. So the big question is where do we go from here.

The market is over bought now short term. That certainly did not take very much time. In addition premarket we are going to gap up about 3/4 %.   A very dangerous time right now for jumping in on either side of the market. My thought is lets see what the pullback looks like. If we get a higher low and we see the market reacting well on bad news then it might be time to start trading from the long side in ernest.

Let me mention. Your never going to catch the exact top or bottom of a move. The trick is to get some of the middle while minimizing your risk. And that is no easy task. There are people and institutions that trade these markets that have boatloads of money and sophisticated software to catch any positive EV inference available. And these computers are working 24 hours a day every day of the year. So as we sit in front of our computer its important to recognize this. The good news is the markets are not so liquid that these big players can just jump in and out easily. That’s where we have the advantage. Almost every trade we make can be made easily.

Today again I am going to look for a good short term setup and take it from there. If we get a big move to the upside today I am going to consider a mean reversion trade to the short side but lets not get ahead of ourselves:)

Just sit back and enjoy the day. The big news to watch is to see if Iran, Russia, and the Saudis can reach any agreement on oil output. If they do that should be positive to the market in the short run as oil will take off and as it goes the threat of deflation is off the table for now. At least that is their reasoning:)

And I almost forgot. I am in a good mood this morning As Missouri +8 not only covered they won the game outright last night by 5:) Piece of cake!

Good Luck in the Markets today

RickJ
Rickjshandicappingpicks.com
twitter: rickjsportplays
Twitter: Rickjswings
Private Twitter: Rick_sports

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