10:05 Update

Tuesday we lost our MLB play on Oakland +106

Today 1 game looks pretty good to me right now. The rest its a bit early to tell

Wedn MLB Play
Colorado +128

Early MLB Weightings:

901 PHI – D Buchanan
902 MIA – A Conley 1
903 ATL – W Perez 0
904 NYM – B Colon 0
905 MIL – Z Davies 1?
906 CHC – K Hendricks
907 CIN – B Finnegan 1?
908 STL – L Lynn
909 PIT – C Morton
910 COL – C Bergman 3+
911 SF – J Peavy 1
912 SD – A Cashner
913 ARI – C Anderson
914 LAD – Z Greinke 1
915 CHW – F MONTAS 2?
916 DET – J Verlander
917 LAA – N Tropeano 0
918 HOU – M Fiers 0
919 NYY – I Nova
920 TOR – M Stroman 1?
921 TB – D Smyly 0
922 BOS – R Porcello 0
923 CLE – C Kluber
924 MIN – P Hughes 2?
925 SEA – R Elias 1?
926 KC – Y Ventura
927 TEX – C Lewis 0
928 OAK – F Doubront 0
929 BAL – C Tillman

I will update if anything changes. Also I have put a ? next to the number if its on the border of the number. So a slight move could change things.

The markets are quiet about and hour before the open. Overnight the markets were down about 1% but recovered to up about .20% as I write this. I am flat and looking for swing trade or day trade shorts right now. We are historically in the worst time of the year to be long the market. That coincides with a test of the lows around 1850 on the ES.

What I would like to see is a move to test the lows and break them with a capitulation at the end of the move. That would be a 500 to 1000 pt move down on the dow for the day on extremely high volume. That would be the time to get long for the strongest seasonal time of the year. Will it work out that way…Most likely not but If it does I will be ready. Otherwise will have to take it as it comes. But in my opinion Its still a bit soon to be jumping into the market.

One thing to keep in mind is that bear markets are usually triggered by recessions. The leading indicators for recessions are no where near signalling a recession. Until we get hints of this corrections in the market should be taken exactly for what they are rather then a start of a bear market. That will come but most likely not in the near future.

I have been trading lightly right now as the daily moves are not conducive for swing trading. I did happen to catch a nice short trade in Wynn on 9/21 which I closed a day later for almost a 4% gain. So you can still make money in this market you just have to change your style a bit to fit the market conditions. But do not get the impression its easy!

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

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