Another late start but at least no computer problems this morning!
Today is all about the health care bill. The word is it is going to a vote today period.
My guess is that it passes. But I have to admit, I would not bet on it. And I do not need much of a perceived edge to place a wager:)
The markets are gaping up a bit and other than that not much irregular in premarket.
I am long but took some profits yesterday on a few trades. I have on still a number of swing longs which are getting close to an exit especially if we get any kind of rally today.
I doubt I will be putting on any new trades today but you never know. I only have a few stocks on my list of potential trades.
Let’s see how the vote goes today and more importantly the reaction to the vote. That is more important than the vote itself.
If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. Typically I talk about the overall day expected with the markets and also give some levels on the ES and NQ for failed breakout scalping.
It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)
Good Luck Today
RickJ’s Handicapping Picks