3:10 Update
Monday we lost our play in the NHL and won our setup in the NBA.
One game tonight in College football:
Northern Illinois
Toledo
Betting is 57% on Toledo tonight and the line has gone from -8 to -7. Models favor Toledo. Variables are neutral. Chance the line might go to 6.5 as pinnacle has the game at -7even. I am passing on the game.
I added a paypal button to make it easier if you wish to subscribe to the sports plays.. If you missed my discussion of this just go down to yesterday’s entry and it will fill you in.
There are several plays tonight and I will be sending them out to subscribers very soon.
Good Luck today.
The market is settling back a bit this morning after a big runup yesterday. Down 1/5% before the open. I have a portfolio of ten stocks and 3 swing trade longs right now. Will be looking for more swing trades as they set up.
Right now the market is a bit overbought but not as much as one would think. Most of what I look at indicates a slightly overbought market. So no need to worry about hedging or anything like that. Typically during this period I stick it out through the downswings in my portfolio.
Not much to add this morning except most likely we will see a range day today. Some consolidation and maybe a pullback but not much of one yet. We have fed governors speaking all week and also the labor report on Friday. So this could be a catalyst for volatility.
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RickJ
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