What’s this? A gap up this morning in the Stock Market???

Do not get excited even though the market is gapping up .35%. I anticipate we are going to have more of the same until the election is past. And even then it is going to depend on the events the day after the election.

Odds are high for widespread problems post-election regardless of who wins. So that could give us some volatility until things settle down and the U.S. gets out of the toxic election mode we have been having.

Also, the polls are tightening a bit which should put a ceiling on the market near term. The market seems to favor a Clinton win right now so any tightening is gong to produce volatility in my humble opinion:)

I view the market has having a positive bias right now and is oversold a bit. I have started accumulating some mean reversion trades so a bounce sometime soon would be very welcome!

Today my plan is no different from the last few days. Take breakouts depending on the market and if there is any more weakness consider adding to my mean reversion trades.

If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)

Good Luck Today


RickJ’s Handicapping Picks

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
Rickj's Handicapping Picks
Sign up now for our  newsletter. Includes handicapping tips

MLB Season is free for 2024!!

RickJ's Handicapping Picks  The latest in positive EV handicapping Techniques Overnight Plays in MLB are sent out around 3 to 4 PM PST the day before Come join us for a fun and profitable Pro Sports season!!!  
Sign up now for the service. Its free until NCAA FB starts. 

Positive EV Handicapping

Do you know the important clues that help determine which side has +EV?
  • Learn about Reverse Line Moves and how they apply to each sport
  • Learn about being a contrarian and using public % numbers to get an edge
  • Learn about the seasons within a season that all sports have
  • Learn key numbers in all sports

Sign up to get updates that will help you with your sports handicapping!