Swing trade update….out of UPRO 93.26
Tuesday we had an easy win with Northwestern +2.5 as they won the game by two touchdowns.
Today a big slate of college basketball games. But I do not see anything obvious this morning. I will update hoops later in the day as information becomes more available with line moves and the public.
In the Bowl game tonight I do not see anything nor do I have anything that would lean me in either direction. The public is 64% on the favorite and the line has stayed pretty steady at -14.
We have a swing trade 200 UPRO @84.90. It is trading at 92.62 about 30 min before the open. With the House passing the senates bill last night the market is gapping up 1 3/4% as I write this.
This give us around a 8.9% profit on the swing trade over a 3 day period. Its my intention of taking the profit this morning shortly after the open.
My person of the year goes to John Boehner for telling Harry Reid to go fuck himself last night (twice!). My apologies to any democrats or Harry Reid fans:)
I know it happened on the 1st but if congress can backdate the fiscal cliff one day I can do the same.