3:30 Update

One game tonight in MLB:

Betting is 55% on Houston and the line has moved from -108 to -106. Models favor Houston, variables favor New York. I am passing on the game. The weighting would be a 0 0 on the game.

The markets skyrocketed yesterday up 300 pts. This morning about 45 min before the open the markets are off about .35%. The markets are very short term overbought right now and I am positioned to the downside.

There is a lot of room on the downside in the event we get this move so quite a bit of profit available before considering getting out. We are still in a seasonally weak period and below the 200 day MA with the Nasdaq lagging the SP500 on a weekly basis. This is really a very good opportunity on the short side. Best I have seen in awhile. Lets see how it works out:)

Ideally a move down breaking the lows of a month ago with a capitulation. If I get that in a week or two I will be beginning my entry into the market for the next 5 months while also getting more aggressive on my swing trades. Prudence has served me well. I have avoided the carnage most other trades have incurred while making a small amount of money trading. Thats about the best you can hope for considering how the market has been the last two months.

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: riccja3@gmail.com

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

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