3:40 Update
Wednesday was a busy day with 4 plays. We went 2-2. 1-0 in the NHL for +122 and 0-1 in hoop sides losing by less then a bucket with BC. And split on hoop totals.
Tonight one game in the NFL:
Minn
Arizona
Betting is 54% on Arizona and the line has moved from -7.5 to -10. Thats quite a move with only 54% of the betting on Arizona. The line was -10.5 earlier today. Variables strongly favor Minn. Models slightly favor Minn. But with 46% of the betting on Minn the game is a no play for me. Earlier today when the line was -10.5 and the number was 38% on Minn I was ready to head to the Hilton and get my picks in with Minn being one of them. But quickly things changed and at 46% from a public standpoint no edge to wager on.
For subscribers I will send out plays 1 to 10 min before game time. If you have not signed up yet still plenty of time to get in on the plays with bowl games, NFL NBA NHL and plenty of college hoops left. Just hit the paypal button to get on board. Hope to see you with us soon!
Good Luck Today
All was well the first hour of trading with the dow up over 150. All the dip buyers were patting themselves on the back and again looking at holiday gifts to buy for the family. But then a strange thing happened. The market turned and we had an over 300 point swing for the day with the market closing down over 100 pts on the day. Very Cruel to be doing this just before the holidays.
Of course we get no comforting words from the Fed. After all a good market panic and drop will go a long way toward reducing the income gap:) I really hope they are not thinking that way. But in this day and age who knows. But for comfort we have the fed meeting coming up and I am sure they will come up with something to calm the markets afterall every time they open their mouth the market drops 1 or 2 percent.
These are very difficult times. If you get stubborn your going to go broke.Myself I have a portfolio of stocks and have been pretty nimble with my swing trades to produce so far a nice gain on closed trades for this month. But it has not been easy to say the least. Up at 4 scouring the news and stocks for potential swing setups. Then when the market closes handicapping sports. What a life:) But it sure beats sitting down at the poker tables 10 hours a day grinding out money in limit poker.
On tap this morning:
Economic Calendar for 2015-12-10 (central time)
US-Jobless Claims – 07:30 AM
US-Import and Export Prices – 07:30 AM
US-Quarterly Services Survey – 09:00 AM
US-EIA Natural Gas Report – 09:30 AM
US-Treasury Budget – 01:00 PM
And the good news is no fed governors are speaking today. So perhaps the market will take a break heading south. My thoughts for what they are worth is this is a good buying opportunity. Still not at the point where I would consider my conservative SPY mean reversion trade but we are getting there.
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RickJ
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