The Roller Coaster Ride in the Markets Continues!!!

9:15 Update

Thursday was a busy day. When the smoke cleared with were plus about a 1/2 unit. In baseball, we had 2 one unit plays and 1 half unit play. Arizona +144 lost 6-14 and Miami +126 won 6-4. Our half unit play on Cincinnati Under 8.5 lost 10-6!. In the NBA, we had two 1/2 unit plays winning with Phoenix +12.5 as they won the game outright 124-115 and losing with Sacramento -1.5  97-105. Finally, in the NHL we went 1-1 on our 1/2 unit plays losing with Colorado +188 2-4 but winning with Toronto +239 in OT 4-3. So a busy day and a half unit win.

Today is shaping up to be as busy as yesterday as there are a number of games today that have possibilities. As you would know I had several emails last night about the $130.00 guarantee and whether it was too late to get on board with it. Unfortunately, the subscribers that are in the guarantee group are set. Now I just have to produce or send out $130.00 per subscriber that qualifies!  When I tell you that I will do my best to make sure that does not happen you can rest assured that I will:)

Good Luck today

RickJ

RickJ’s Handicapping Picks

 

The bottom fell out of the markets on Thursday  but Friday is another day and we are gaping up 3/4%. Almost makes you dizzy watching these markets day to day. I jettisoned the swing trades I had left early in the day yesterday as I saw the day was setting up for a trend day down. Usually, in the first 15 to 30 min or so of the trading day, you can get an idea of the probability of a trend day by watching $ADD. At + or – 1500 it’s something you need to consider. Which means DO NOT FADE or LIGHTEN UP!

Playing ranges on trend days can cost you a lot of money. So it’s essential if you’re a short-term trader to attempt to figure this out ASAP.

That’s my wisdom for this morning:) Right now I am long a small portion in the oil sector and that is about it. I will be looking today for a gap continuation with a strong close. Which means day trade longs that trigger. My feeling is today is a day to get aggressive to the long side for day trades. I have several stocks in mind and it’s just a question if they trigger or not.

Keep in mind if your trading or following these for day trade purposes you mental stop is the low of the day.

Of course, this opinion can change on a dime depending on how the internals shapes up after the first 15 to 30 min of trading. But today right now looks like an excellent opportunity for making money. This also means no gap fill trades this morning.

If you want to follow along with my trades you can do that by following @rickjswings. It’s free for now and for the foreseeable future. In addition, I am here for questions most mornings while I am trading, handicapping and watching the markets.

Good Luck Today

RickJ

RickJ’s Handicapping Picks

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