No, sadly I am not joking. I really do not think we would be favorites in any game.
The lowly Jaguars have beaten us two years in a row, and in one of those wins, they scored 50+ points. They may suck year-in and year-out, but they are a tough match up for us, even with Luck. They have a better run game, better receiving corps, and a much, much better defense than the Colts. It all comes down to Bortles. Luck is better, but we don't know Luck's status as of now, do we?
The Titans finished 9-7 last year. They finished second in the division while the Colts finished third. Their arrow is clearly pointing up. They have the best O-line in the division, (one of the best int he league), best run game in the division, and have bolstered their weak areas: D-backs and receivers. They have improved. The logic that the Titans have never beaten a Luck led Colts team isn't sound logic. Remember when we were saying that the Texans had never beaten the Colts at Lucas Oil Stadium...never. Until they did.
The Texans have the best defense in the division, and one of the best in the league. They have two players that are among the best in the league at their respective positions, Watt and Clowney. They have a better run game than the Colts. The only advantage we have is Luck, who again, is coming off of an injury and we do not yet know his status. I suspect that even if he plays, he will have trouble against a defense that beat him twice last year, and that was without Watt.