Currently, the stock market is in a trading range. In layman’s terms, this simply means that the market is moving within a defined price range
“Swiss Franc Plunges Most Ever as Central Bank Draws Line in the Sand.”
Such was the headline this morning from Bloomberg News, after Switzerland’s Central Bank took the absolutely unprecedented step of imposing a ceiling on the exchange rate of the Swiss franc, saying it would defend its rate target with “utmost determination”.
The result?
[...]
The markets are in turmoil yet again – and people are really worried this time. We’ve seen this before – and we know what happens. Portfolios hemorrhaging money. Retirement accounts collapsing. Nest eggs disintegrating.
The possibility of another 2008-style crash is very real indeed.
And through it all, we here at The Wizard have been [...]
Continue Reading →The unthinkable has indeed come to pass… This week, the U.S. credit rating was downgraded – something nobody thought would EVER happen. And Europe? In absolute turmoil. Greece is going to default. Italy and Spain are up next as the ECB held emergency meetings through the weekend in a last-ditch attempt to craft a bailout [...]
Continue Reading →The first S&P target is 1097 and the second target is 997
Continue Reading →To tell you how amazing The Wizard is, take a look at the following:
The Wizard had a target for the S&P of 1357.00
The high of the S&P was 1371.10
When we entered the long term trade at 1133 our targets were 1278 and 1357. We hit both targets. We started that trade on [...]
Continue Reading →This means that you cannot lose money on this trade.
Continue Reading →Live-in-the-market training classes and Wizard Boot Camps
Continue Reading →We have installed targets for every conservative scan. There have been requests for identifying profit targets when the Wizard algorithm is not finding a profit target.
We have installed into the Wizard System a calculation that gives a one to one risk ratio and a two to one risk ratio when the target is not [...]
Continue Reading →The commodities have been hot for a few months and the Wizard has been picking the entries that have made considerable profits.
Here are a few images taken from the Wizard that shows how it went about getting into the trade and how it stayed in the trade. The images are of a cotton contract [...]
Continue Reading →Recent Posts
- We Have a Buy Signal in the SPY, But We’re Not Getting Filled… What’s Happening?
- Swiss Surprise? Not for The Wizard
- Could this be a repeat of 2008? Let’s hope so: The Wizard turns crashes into opportunities.
- U.S. credit downgrade. Europe in Turmoil. Are you prepared?
- The Market gave us a Sell Signal. The first S&P target is 1097 and the second target is 997.
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