Markets are quiet again this morning about 45 min before the close. Short term I still think the odds favor the downside in the markets. I am flat. I will be looking some some short term sell setups today and might consider a position short in spy if the market has a strong move up today.

Yesterday I made a short term weekly option trade for a very small gain. I thought we might get a good move to the downside at the close but then exited when it didn’t develop.

Fed day on Thursday. I doubt we get any strong moves in either direction until then. These markets have not provided much opportunity for my methods the last few months. But things will start jumping very fast when October rolls around and especially when the markets get back over the 200 day Moving Average. When that happens I will be back to daily swing trades.

Usually when swing trades are not working the mean reversion kicks into gear. But the environment now has not produced the swings to generate my mean reversion trading. When the market gets below the 200 day MA my requirements get a lot stricter for my SPY longs.

If you want to follow my swing trades just send an invite to RICKJSWINGS for a two week free trial.

For those of you whose trial is running out you can sign up for 24$ a month through Paypal. Just send to my email address: [email protected]

twitter: rickjsportplays
Twitter: rickjswingtrade
Private Twitter: Rickjswings ( send me an email for a 2week free trial)

Leave a Comment

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
Do NOT follow this link or you will be banned from the site!
Sign up now for our daily newsletter. Includes handicapping tips

NFL and College football is hot this season!

RickJ's Handicapping PicksĀ  The latest in positive EV handicapping Techniques
Sign up now for our daily newsletter with handicapping tipsĀ 
Rickj's Handicapping Picks