An interesting game in the nba coming up.
Betting is 63% on Atlanta with the line moving from -9 to -7. Everything I look at points to Brooklyn tonight but the line is 2 pts off the open. On Chris the opener was 10. Otherwise this game would be a play or a setup…but that big a move the value is most likely not there anymore. Will be interesting to see how the game turns out. But its neither a play or a setup for me.
I have been getting quite a few questions about not being able to find my new private twitter feed. Its much easier to find if you put the @sign before it. So @rick_sports
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A 2-0 day in the NHL yesterday with Ottawa +140 winning 2-1 and Columbus +149 also winning 5-2 for a +2.89 unit day.
Today one game in college football:
Betting is 70% on Bowling Green with the line moving from -18 to -20.5. Models favor Ohio, variables slightly favor Bowling Green. A clear cut pass for me. The variables that favor Bowling green historically have done very well but this season they are really lagging.
Possibly a play tonight for those that are subscribing ….I will send out a message regarding those soon.
Good Luck Tonight
One thing you can say about this market over the last 4 months are so. It has finished quite a few mean reversion traders! In addition when you start making mean reversion trades you need to remember these last 4 months. Perhaps that will convince you that proper money management is very important….did I say very important….its essential. Without it you are facing a headwind you will never beat. With it…things will be much much easier for you and you will again be able to sleep at night:) The filters I use for my mean reversion trades have served me well in this very difficult environment.
Well the markets are up again today about 1/5th of a percent an hour before the open. And for the first time in awhile what I look at is indicating we are in overbought territory but not by as much as you would think. Its time to be a bit cautious on the long side. But not overly so.
I have on 3 swing trades long and will manage them today. Might try a scalp today but those typically are low percentage trades. Your battling with forces that have much much more money then you and in addition have lightening execution platforms. Sitting at home on Cox Cable internet using tradestation that refuses to update their software to 64bit puts you at an extreme disadvantage for scalping.
Also I have my portfolio of ten stocks with covered calls going. One stock will be called away this friday so I will be looking to add another stock to the portfolio to get up to ten again. If we ever get a pullback I might add on a few more.
Oh and things always look better after a 2-0 day in the NHL for 2.89 Units!
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